Why Do We Trade? For Real.

[Turveyd]

Which is what TA is.

No TA is a BS way of looking at Momentum, which doesn't actually work

 

[VPhantom]

it's still a great thread. (...) When I see obvious nonsense, i call it out and try to explain why it isn't reality.

Not to pile on, but in this case, you're completely off-topic regardless of intention. @cornix is surveying traders' individual goals and motivations, not calling for a debate about the validity of their activities or beliefs.

By all means, please present evidence of successful traders who trade in the manner described by DB and the other price action only traders.

Exactly not the subject of this thread. There are already plenty of others for that stuff. This one is most certainly not centered around @dbphoenix (well, it wasn't until about page 10 when you two started bickering publicly).

 

[marketsurfer]

Your point is good phantom. Ill back off unless addressed directly. Surf

 

[dbphoenix]

The problem is that the thread is not about him. And MS craves attention. And when he doesn't get enough of it, he embarks on yet another of his tired crusades, intruding on thread after thread, making discussion ever more difficult.

Whatever one might say about MS, no one can deny that he lacks common courtesy. He may depart from this one, but it's just Whack-a-Mole.

 

[Visaria]

i also trade because of the intellectual challenge of accomplishing something that most people say can't be done.

 

[drcha]

I trade to make money without giving up a lot of time for it. Although there are other things I like about trading, including the wonder of watching the ebb and flow of markets, the fun of having a trade come out well, a sense of independence, and the knowledge that nobody can take it away from me, at least until I get too old to trade. But these reasons would not be strong enough to get me to trade if it were not profitable. There are plenty of other, more interesting things I would rather do with my time.

Unlike a job or running a business, trading (or at least my brand of it) can be done in a few hours a month. One has no boss to please, no customers to take care of, all the vacations one wants to take, no renters to deal with, and very little overhead.

Of course, the business of learning trading is very time consuming. However, I was sure I could do it because other people have done it, and I don't think they are all smarter than I am.

 

[marketsurfer]

The problem is that the thread is not about him. And MS craves attention. And when he doesn't get enough of it, he embarks on yet another of his tired crusades, intruding on thread after thread, making discussion ever more difficult.

Whatever one might say about MS, no one can deny that he lacks common courtesy. He may depart from this one, but it's just Whack-a-Mole.

I have a 19 month old daughter. Beleive me, i get enough attention. Lol!

 

[drcha]

Dude, dry cleaning is the NUMBER ONE MILLIONAIRE MAKER of any small business in history. But I just used that as an example, there are tons of small businesses that make more money more consistently and with tremendously less risk than retail trading.

You can start of pick up drop off dry cleaning biz for under $1000.00 or any other number of businesses. I started my biz with $15.00 and a car back in 1989. Made over a million over the years and never never had to borrow money for the biz-- I liked to spend too much, which was my downfall, but still the biz made the $$$-- sure it was a micro biz but made me an executive level salary with just several hours a week. Anyone can do this, so can you---

Trade after you get rich from biz, not before. IF you try it and make it prior-- you are the black swan-- it can be done, but why do something with astronomical poor odds?

I know multiple poorly educated real estate millionaires, BUT NOT ONE trader who started with small amounts of money-- and the MARKETS ARE MY BUSINESS so I am well connected in the industry. surf

Good for you on the dry cleaning stuff. Good work.

 

[ubo]

The gap between knowing what to do and actually doing it is often rather large.

http://www.neurosemantics.com/business-ns/the-knowing-doing-gap

I trade because I discovered a few edges in liquid markets that have been offered several times a day for at least 6 years now.

I think you've identified almost all the problems a trader will face and has given practical advice for solving those problems. It's time to thank you once again for your contributions to this forum.

 

[cornix]

Two questions:
2. Why would cornix begin a thread that had Troll Magnet written all over it?

Troll Magnet means interest. We can't stop discussing "hot" topics only because they attract trolls.