Why do newbies lose?

taowave said:
Your asking how how to recover from a large drawdown and have stated you are in the red..

It's DUMB because I worked at IB's, a 20 bill hedge fund, as,well as making markets on the exchange floors and have a rarely if ever met someone with your belief system that didn't fail...

You are setting yourself up for failure..
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Its 40% dumb,25% attempting to goad members into offering him 'proof' of what works(as he has since he joined) and 35% laziness.
 
deaddog said:
I'm assuming this is theory.
For all the "Should be able to's" out on social media, there seems to be little proof that retailers make any significant money.
At the top of every profession there are superstars. I'm sure there are traders who kill the futures market regularly. But one of the reasons that newbies lose is unrealistic expectations.
I doubt that there is a routine and a mindset that leaves nothing to chance.
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Would you make a better decision(trading or otherwise)after 15 minutes of research and thought or 4 hours of research and thought?

Successfully trading 2 contracts is more profitable than successfully trading a single contract.That is not theory.

I'm surprised that you haven't understood what I've said.
 
tiddlywinks said:
Why did you ask to describe how trading is a business, what product/service and who is the client/customer? You should already KNOW.

The IRS agrees trading is a business, and a business that is seen as a (legal) for-profit operation subject to IRS tax code.
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You are missing the point.

I asked a person who said trading was a business if done full-time those questions because I see trading as playing a game not running a business. I own a small business as a passive investor and have commercial property as well so I’m well aware of what it takes to run a business and trading is unlike either and more like a video game.

You want to bring tax definitions into the discussion, I get that. But I didn’t ask whether trading income is taxable or if expenses are allowed as Schdeule-C deductions.
 
savoir said:
You are missing the point.

I asked a person who said trading was a business if done full-time those questions because I see trading as playing a game not running a business. I own a small business as a passive investor and have commercial property as well so I’m well aware of what it takes to run a business and trading is unlike either and more like a video game.

You want to bring tax definitions into the discussion, I get that. But I didn’t ask whether trading income is taxable or if expenses are allowed as Schdeule-C deductions.
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The 200 seat restaurant down the street is different than the lawn maintenance business owned and operated by two friends.

So your point is trading is unlike other businesses. Brilliant!!
 
savoir said:
You are missing the point.

I asked a person who said trading was a business if done full-time those questions because I see trading as playing a game not running a business. I own a small business as a passive investor and have commercial property as well so I’m well aware of what it takes to run a business and trading is unlike either and more like a video game.

You want to bring tax definitions into the discussion, I get that. But I didn’t ask whether trading income is taxable or if expenses are allowed as Schdeule-C deductions.
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haha.I get what you're saying mate.Its a tough crowd today! haha
 
semperfrosty said:
Would you make a better decision(trading or otherwise)after 15 minutes of research and thought or 4 hours of research and thought?

Successfully trading 2 contracts is more profitable than successfully trading a single contract.That is not theory.

I'm surprised that you haven't understood what I've said.
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I'll give you that the more experience you have, you "should" make better decisions.
Percentage wise trading multiple contracts is no more profitable than trading one contract.
Where it gets tricky and emotions come into play is when you start looking at the dollar value of your trade.
The reason I said that assumed this was in theory is that I'm assuming you are not a successful trader yet.
 
tiddlywinks said:
The 200 seat restaurant down the street is different than the lawn maintenance business owned and operated by two friends.

So your point is trading is unlike other businesses. Brilliant!!
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Okay smart ass. Why don’t you take the baton from deadduck and answer the questions. I think you said you trade futures so you shouldn’t have any problem discerning them from stocks.

What is the product/service and who are your customers/clients?

Don’t say I should already know. I don’t know. Actually I do. There are none. But I’d love to hear your views.
 
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