nysestocks
Guest
A few words.
Some people are genuinely frustrated by what the markets have "done" to them over the last year and a half, or so!
The market can only do to you what you let it do!
Trading is gambling, whether one accepts it or not, or wants to call it by some other term, the fact of the matter does not, nor will ever, change!
The first step should be to preserve your capital "at all costs", until you have it figured out in your head, and until such time as you can make money after a set number of trades, when you add up your losses and subtract them from your winnings - this will of course be different for everyone, as some will daytrade, some swingtrade and others will position trade.
Time available, and family commitments, are as much importance as learning the required "skills" - which I should not have to mention for anyone who is seriously considering trading as a fulltime money making business.
Trading is one of the hardest jobs to master, and yet is also one of the easiest - the one that it ends up being, is totally in the hands of the individual, and no one else!
Of course one can learn from someone else, but even if one were shown what it is that works best, until such time as the picture is as clear as day, it will not make any real difference.
A trader needs to get to the point where it does not bother him/her if they trade for a few days, a few weeks, or even a few months!
The markets are going nowhere, and there will always be an opportunity to take money from other traders, providing you have enough money left to trade effectively, and wisely!
Leverage can ruin a trader both financially and emotionally - so only use leverage when you are in complete C.O.N.T.R.O.L, otherwise you might as well give the money to charity and know that it is at least doing some good in the crazy world we now live in!
It can also help a person greatly to "KNOW" that there are no experts in the trading game - those that pretend to be so, you will find, will always have an alternative reason for being "so generous" with sharing what they have learned - and it just so happens that the alternative reason is, and will always be, money!
It is very wise to look at everyone as being silly and stupid - and I am not being sarcastic, just speaking some truth from what I have learned over the years!
If you do not believe that "the only thing I know is that I know nothing" - then you will never open your mind to far greater and better things.
Our education system has a lot to answer for, along with our many "religious" customs, but the only thing that you need to worry about when trading, is yourself, and let all the other silly idiots do what they like in the world!
When you have made a good bit of money, then you can help who ever you want yourself, and not rely on others to help them for you - which, and yes, you all know this but do not admit it, just does not work, for many obvious reasons, and the main one being that those who need the help (majority) are not getting
the help they so desperately need, and it is not the "money" that makes the real difference, for we all see that throwing money at serious social problems just will not work!
I wonder what helps' people the most - it should be very "obvious" by now!
Some people are genuinely frustrated by what the markets have "done" to them over the last year and a half, or so!
The market can only do to you what you let it do!
Trading is gambling, whether one accepts it or not, or wants to call it by some other term, the fact of the matter does not, nor will ever, change!
The first step should be to preserve your capital "at all costs", until you have it figured out in your head, and until such time as you can make money after a set number of trades, when you add up your losses and subtract them from your winnings - this will of course be different for everyone, as some will daytrade, some swingtrade and others will position trade.
Time available, and family commitments, are as much importance as learning the required "skills" - which I should not have to mention for anyone who is seriously considering trading as a fulltime money making business.
Trading is one of the hardest jobs to master, and yet is also one of the easiest - the one that it ends up being, is totally in the hands of the individual, and no one else!
Of course one can learn from someone else, but even if one were shown what it is that works best, until such time as the picture is as clear as day, it will not make any real difference.
A trader needs to get to the point where it does not bother him/her if they trade for a few days, a few weeks, or even a few months!
The markets are going nowhere, and there will always be an opportunity to take money from other traders, providing you have enough money left to trade effectively, and wisely!
Leverage can ruin a trader both financially and emotionally - so only use leverage when you are in complete C.O.N.T.R.O.L, otherwise you might as well give the money to charity and know that it is at least doing some good in the crazy world we now live in!
It can also help a person greatly to "KNOW" that there are no experts in the trading game - those that pretend to be so, you will find, will always have an alternative reason for being "so generous" with sharing what they have learned - and it just so happens that the alternative reason is, and will always be, money!
It is very wise to look at everyone as being silly and stupid - and I am not being sarcastic, just speaking some truth from what I have learned over the years!
If you do not believe that "the only thing I know is that I know nothing" - then you will never open your mind to far greater and better things.
Our education system has a lot to answer for, along with our many "religious" customs, but the only thing that you need to worry about when trading, is yourself, and let all the other silly idiots do what they like in the world!
When you have made a good bit of money, then you can help who ever you want yourself, and not rely on others to help them for you - which, and yes, you all know this but do not admit it, just does not work, for many obvious reasons, and the main one being that those who need the help (majority) are not getting
the help they so desperately need, and it is not the "money" that makes the real difference, for we all see that throwing money at serious social problems just will not work!
I wonder what helps' people the most - it should be very "obvious" by now!
