What kept(keeps) you going through the long journey trying to make it trading?

silversniper said:
Toiled around for over 5 years until 2 years ago by some happenstance, I was invited into a small group chat by a Twitter friend. There was a great trader in the group who helped out and via some deep conversations ended up "mentoring" me. It took me another year to
work through some major blind spots I had from poor framework I developed following trash gurus on social media but once I made the breakthrough (after hitting new lows after new lows), I've not looked back since.

To answer ur Q, at first it was a strong determination, drive and desire for excellence that kept me going. But that turned into stubborness and eventually - to be quite honest - to delusion. I just didn't have a legitimate framework, and I did just enough good things
to convince me I had a verifiable process but in reality, it just led to a slow bleed and lots of excuses (psychology, mindset, tough market conditions blah blah). From a personality P.o.V, I enjoyed the challenge. It took me to some pretty deep places at times but I took those moments as friction against which a gem could be polished - a trial by fire.

Of course in the end, I was very lucky to bump into such a generous person who had no agenda (nothing to sell) but to lift others up and I dont know how it may have turned out if I hadn't, but I was an open, honest/transparent and helpful person on fintwit and the connection eventually found me.. sometimes, good things can happen to good ppl. That said, I was also very receptive to this trader's ideas and methods and was mentally flexible enough
to suspend my own beliefs about the markets, systematically breaking down my own ego while I learned from him. There were 3-4 others in the room who couldn't get past that and it never worked for them.

I have no doubt that the biggest cut to this 4-5 years is the presence of a mentor who is successful themselves. The "4 years" that this Goldstein is touting.. he doesn't know the half of it. For starters, he is thinking in averages which is just poor hack thinking when it comes to markets and tbh you should always be wary for survivorship bias whenever you receive advice from others.. me included!

that said, if I had to do it all over again - the starter advice I would give my newbie self would be:

1) Stay teachable
2) Have a good nose for bullshit
3) The rabbit hole is deeper than you think. Always.
More...

Hello, what do you trade and why?
 
bloomberg1 said:
Hello, what do you trade and why?
More...
I trade Eurex products cos of the timezone I'm in (GMT). I also trade the first hour of ES rth towards the end of my day. I'm an intraday futures trader.
 
For me, it was only the passion I had for trading, that kept me going. I never felt discouraged because of losses, never thought of quitting, which is when I realized that I have gathered the confidence required to trade efficiently.
 
dozu888 said:
valid point... although they still won't be equal strength... like after alphago many other companies came up with similar robots to play chess/go, but there is still only 1 winner if you pit them against each other.
More...
Agreed its likely there will be some leapfrogging during the early stages of the technology maturing. But at some point with 100's or 1000's of well-funded, individually tuned, platforms competing against each other, it will be hard for any single one to dominate as their 'edges' are discovered and absorbed.
 
orbit23 said:
...What kept you going(or what is keeping you going)? What motivated you? How you motivated yourself?

...Perhaps even the opposite. The road is full of obstacles and you are getting crushed loss after loss. That's not very motivating, is it?

...How do you motivate yourself through the tough times, through the routine and sometimes tedious tasks like journalling and reviewing your trades? How do you(or did you) grind your way to success?

I would like to hear your opinion...
More...

If you've ever owned a business or currently own a business and if you've ever been in a leadership position that's different from owning a business...

You'll easily be able to answer your own questions along with having a good plan prior to entry into trading.

wrbtrader
 
zdave83 said:
Agreed its likely there will be some leapfrogging during the early stages of the technology maturing. But at some point with 100's or 1000's of well-funded, individually tuned, platforms competing against each other, it will be hard for any single one to dominate as their 'edges' are discovered and absorbed.
More...

hm that sounds like what google calls 'singularity'... at that point edge erosion may not be the thing I'd worry about lol... by then the machines may have figured out that humans add no value... we are all just dead weight..
 
dozu888 said:
hm that sounds like what google calls 'singularity'... at that point edge erosion may not be the thing I'd worry about lol... by then the machines may have figured out that humans add no value... we are all just dead weight..
More...
If my laptop is any indication ... we may already be there :)
 
Andrew_87 said:
For me, it was only the passion I had for trading, that kept me going. I never felt discouraged because of losses, never thought of quitting, which is when I realized that I have gathered the confidence required to trade efficiently.
More...

Kinda the same for me. "What the F# have i gotten myself into", "this is not what i signed up for", strong doubts of whether i can do it or not, all of those questions often crossed my mind. But i never thought of quitting :finger:

All the algo talks, singularity and what not.. I think this is POINTLESS. I think it's the opposite. This bull run is a huge draw on liquidity and a lot of dumb, naive f#cks(like we once were/still are) are joining in to get rich. Who wouldn't want to make a few trades and lay on the beach? Trading IS the perfect ponzi. As more regular people without any knowledge trade the markets, it gets easier for the more experienced ones as competition is weak. Etoro and robinhood are doing a great job of onboarding regular folks into this big scam.
 
dozu888 said:
You need to read up on the latest AI stuff. Eg what Deepmind is doing.
More...

Yes, ml is perfect for a boxed problem where there are static rules.. Like a game or something.. But in a dynamic playground, where one year the market goes up on high inflation exp and the other years it goes down on inflating exp... For people that is easy stuff to understand... Computers not so much... My 2ct..
 
You must log in or register to reply here.
Back
Top