Why do newbies lose?

[semperfrosty]

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.

I didn't mention experience.

I was more referring to effort,research and due diligence.

The effort,research and due diligence I refer to,serve to offset the emotional aspect.

You have no way of gauging my success so I recognise your statement for what it is-a thinly veiled attempt to garner information.

I don't mind sharing with you that,although I am a net positive trader and investor,I have never been able to make the transition to full time trading from a regular income job.

Again,I am surprised at our interaction on this occasion.You are either being intentionally obtuse or I have overestimated you from your previous offerings.

 

[Laissez Faire]

Considering the fact that you have expenses, pay taxes on your profits and that you actually are providing a service I don't see why trading should not be considered a business.

Sure, the futures market would not cease to function if an individual trader stops trading. Just like the corporate world would not cease to function if an individual employee stops working.

But the sum of the actions of all individual traders is providing liquidity to the markets effectively making them function better.

Of course, for most individual traders and I'm sure quite a few participating here it's a bad business model. But that's besides the point.

 

[tiddlywinks]

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.

You suffer the opposite (therefore the same) issue as does SML.

SML is stuck, in that he will not consume, or even consider outside input... it's all invalid!
You are stuck, in that you will consume, or at least hear-out outside input, because you can't lose... you have your credentialed and supposedly well-formed arguments. Flash... If you think trading as a business is like a video game, then for you, it is.

You'd love to hear my views? No you don't.

NEXT!

 

[deaddog]

You are either being intentionally obtuse or I have overestimated you from your previous offerings.

Sorry about that. Obtuse, probably but not intentionally.

I'm not sure what information I would garner or how I would use it, but I assure you thats not my intention.

Just responding to your post.

 

[SimpleMeLike]

Still waiting...



Yep.

Good Evening Overnight,

I am working on it buddy! I will let you know, and I will post on the thread.

 

[hilmy83]

Good Evening Overnight,

I am working on it buddy! I will let you know, and I will post on the thread.

And you're not talking about putting on a trade with 100 ES lots right. That's like 50k margin. We want to see like a solid 3 months of trading 100 lots successfully, not proving you just have 50k trading account and putting on 100 contracts and start screaming "TOLD YOU SO!".

 

[ironchef]

Honestly, when I first came to ET I was naive enough to believe that this board was swamped by wealthy traders. Yes, elite traders. It took me a while to realize that the board was in general swamped by the opposite type and it took me even longer to realize how marginal in numbers the few good traders on this site are. I can only speculate, but my impression is that there were more profitable traders participating on the boards in the past.

True about more professionals & profitable traders a few years back.

I noticed a few good new ones around when I paid attention to what they posted. After being here a while, I am street smart.

Anyway, among those millionaire traders I'd love to know how many started out with a retail background and a small account.

They are out there but they would be crazy to share their brokerage statement on ET.

 

[savoir]

You suffer the opposite (therefore the same) issue as does SML.

SML is stuck, in that he will not consume, or even consider outside input... it's all invalid!
You are stuck, in that you will consume, or at least hear-out outside input, because you can't lose... you have your credentialed and supposedly well-formed arguments. Flash... If you think trading as a business is like a video game, then for you, it is.

You'd love to hear my views? No you don't.

NEXT!

So you can’t answer the questions. No need to deflect or get upset.

I didn’t get much from your interjection of tax code definitions, which I’m very well aware of, into my exchange with the stock trading businessman. But I’m sure you meant well.

I expressed my view that trading is a game. I have my reasons and I revealed a few. If you don’t like my view, you are free to reject it.

I like SimpleMeLike and see where he is and where he is coming from. I have no problem that you lump us together. I agree 100% with the sentiment he expresses.

 

[ironchef]

Surely you jest...
Quite possibly one of the dumbest posts ever..

Treat trading as a business and you have a punchers chance..

Go easy on me sir. I was trying to be positive when there were so much negativity around.

 

[taowave]

Basketball is a game..

You think Michael Jordan,Kobe,and Bron treat it as a game????

So you can’t answer the questions. No need to deflect or get upset.

I didn’t get much from your interjection of tax code definitions, which I’m very well aware of, into my exchange with the stock trading businessman. But I’m sure you meant well.

I expressed my view that trading is a game. I have my reasons and I revealed a few. If you don’t like my view, you are free to reject it.

I like SimpleMeLike and see where he is and where he is coming from. I have no problem that you lump us together. I agree 100% with the sentiment he expresses.