Why You May Never Make Money as a Trader

[trendo]

Quote from alexandercho:


Conviction is what made Ray Kroc at the age of 50 with liver cancer make McDonalds into the worlds biggest fastest growing fast food franchise.

Kroc died from a heart ailment at the age of 81. He survived 31 years with liver cancer? Huh? Cite your source, please.

 

[i005890]

Quote from operator:
1. You don’t put in the proper amount of effort. You don’t put in the full-time commitment it requires to be profitable in trading because you treat it like a hobby. Trading is not a part-time job. It’s serious business.

The market does not care how hard you work.

 

[007Arb]

Quote from bwolinsky:

I'm not disputing any of this, but you failed to post the disclaimer:

<i>
Disclaimer: Doug Hirschhorn's expertise is in the psychology of achieving peak performance. He is not a financial advisor and does not make trading or investment recommendations or provide trading or investment advice. He is an expert on the mental game. Although Doug Hirschhorn has a Ph.D. in Psychology with a specialization in sport psychology, he<b> is not a licensed psychologist </b>and does not provide therapeutic, clinical or counseling services.

</i>

That pretty much says it all. A non-trader ponticicating about what it takes to succeed in the trading game.

 

[alexandercho]

Quote from trendo:

Kroc died from a heart ailment at the age of 81. He survived 31 years with liver cancer? Huh? Cite your source, please.

Good question it was in his personal biography Grinding it Out The making of McDonalds by Ray Kroc.

You won't find details like this on the internet because people don't care to research deeper.

 

[alexandercho]

Quote from i005890:

The market does not care how hard you work.

The market may not care how hard you work, but hard work is necessary to become successful at anything in life.

 

[daytrader2010]

well, it's definitely the hardest way I know to make some easy money.

 

[Lethn]

Quote from alexandercho:

The market may not care how hard you work, but hard work is necessary to become successful at anything in life.

Yes all those bankers and finance guru's getting themselves into huge amounts of debt and asking the government to bail them out with taxpayer money must have work 24/7 to get where they are now.

 

[freeze83]

I think that anyone with average intelligence can master trading with determination and motivation. I'm quite sure many people achieved results favorable results through consistent hard work, then money will come.