You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Why you struggle if you have 99.99% chances you won't even make a living by trading?
- Thread starter crgarcia
- Start date
i have had many diff occupations in my life and no one have yielded as much as trading.
in fact, there is nothing out there that compares to trading. it is holy grail of occupations in our society, when it comes to earning money fast and easy.
the fact many people lose at trading is due to the fact that there is no barrier to become a trader and thus any incompetent schmuck can give it a shot. obviously, most of the unprepared and unprofessional futile attempts end up as a regular night at vegas, that is, with empty pockets. however, if only professional traders were to be monitored, a study would conclude that more than 50% make money consistently on a yearly basis.
<b>a professional trader might turn 10k into 1MM in less than 3 years without much sophistication or complexity.</b>
in fact, there is nothing out there that compares to trading. it is holy grail of occupations in our society, when it comes to earning money fast and easy.
the fact many people lose at trading is due to the fact that there is no barrier to become a trader and thus any incompetent schmuck can give it a shot. obviously, most of the unprepared and unprofessional futile attempts end up as a regular night at vegas, that is, with empty pockets. however, if only professional traders were to be monitored, a study would conclude that more than 50% make money consistently on a yearly basis.
<b>a professional trader might turn 10k into 1MM in less than 3 years without much sophistication or complexity.</b>
a certain web site claims that the National Futures Association has said that it takes 7 years (about 10,000 hours) for the average intraday trader to become profitable, with a loss of 35k to get there. Some people much sooner, some people never. [/B]
We'll need an exact citation please or this can be considered false.
Quote from asap:
i have had many diff occupations in my life and no one have yielded as much as trading.
for 99%+ of traders, attempting to trade will be of the truly huge wastes of their time and money.
in fact, there is nothing out there that compares to trading. it is holy grail of occupations in our society, when it comes to earning money fast and easy.
it is more the Blarney Stone for most trader wannabes
the fact many people lose at trading is due to the fact that there is no barrier to become a trader and thus any incompetent schmuck can give it a shot. obviously, most of the unprepared and unprofessional futile attempts end up as a regular night at vegas, that is, with empty pockets.
true
however, if only professional traders were to be monitored, a study would conclude that more than 50% make money consistently on a yearly basis.
that is like saying, if only successful people were monitored, you would find a high degree of success
a professional trader might turn 10k into 1MM in less than 3 years without much sophistication or complexity.
yes but it is much more likely they will turn 1MM into 10K in less years, because they have little sophistication or complexity.
i have had many diff occupations in my life and no one have yielded as much as trading.
for 99%+ of traders, attempting to trade will be of the truly huge wastes of their time and money.
in fact, there is nothing out there that compares to trading. it is holy grail of occupations in our society, when it comes to earning money fast and easy.
it is more the Blarney Stone for most trader wannabes
the fact many people lose at trading is due to the fact that there is no barrier to become a trader and thus any incompetent schmuck can give it a shot. obviously, most of the unprepared and unprofessional futile attempts end up as a regular night at vegas, that is, with empty pockets.
true
however, if only professional traders were to be monitored, a study would conclude that more than 50% make money consistently on a yearly basis.
that is like saying, if only successful people were monitored, you would find a high degree of success
a professional trader might turn 10k into 1MM in less than 3 years without much sophistication or complexity.
yes but it is much more likely they will turn 1MM into 10K in less years, because they have little sophistication or complexity.
Quote from crgarcia:
Why you struggle if you have 99.99% chances you won't even make a living by trading?
True, only one out of thousands gets to be a famous, multimillionaire doctor, CEO, Hollywood actor, sportsman or something.
But most of the rest are at least making a modest living.
Not in trading.
Why take advice from someone who is part of that 95% stat?
Those 95% that fail, over-leverage. PERIOD. Trading itself is really not that difficult.
Quote from crgarcia:
Why you struggle if you have 99.99% chances you won't even make a living by trading?
True, only one out of thousands gets to be a famous, multimillionaire doctor, CEO, Hollywood actor, sportsman or something.
But most of the rest are at least making a modest living.
Not in trading.
I was just informed that I have vancomycin resistent strep in my blood. In the US 800 people per year are diagnosed with it, about 600 of them die. Why should I even try to fight it?
Quote from lpchad:
We'll need an exact citation please or this can be considered false.
That's why I said that I did not know if it was true. I read it on a site about 4 years ago, don't remember what site. I looked on the NFA site at the time and did not see anything.
Those that are still not profitable do not want to believe it would take that long. Those that are profitable much sooner cannot believe it would take someone else that long.
It really depends upon the person. A large percent of profitable businesses are sold to people that quickly turn it into unprofitable.
If someone is trained by a successful trader, shows them exactly what they do, it does not mean that they will be profitable.
Quote from Brandonf:
I was just informed that I have vancomycin resistent strep in my blood. In the US 800 people per year are diagnosed with it, about 600 of them die. Why should I even try to fight it?
http://www.sciencedaily.com/releases/2007/10/071025120514.htm
Brandon, something to give a chance to on this link.
Your doctor has tried cubicin?