Yeah I wanna be a trader to ;)

when do you guys turn on your sense of humor? Or is that a trait that day traders aren't allowed to have? I do have a very simple approach when it comes to life in general and believe most people over analize things when most of life is just so general and everyone tends to complicate it. I was making a comment to a question that I asked and someone replied to read a book. Why read when someone can just sum up the book to the answer the question in the first place? Or is it that I just take life to simple then it really is? Who knows but all I was looking for is why most traders fail. Please don't reply saying its because most people look for cliff notes :p ... Take care and hope everyone had a good weekend
 
that book will show you a frame of mind that successful traders put themselves in. it would be rather hard to sum up a book like that into a sentence.
 
Well, its because the 15% of traders who do succeed have the passion, dedication and will TO succeed. Almost no one comes into the business and is successful immediately. On the contrary, most who do end up winners, start off as losers. These losers put all they can into finding a way to win and win consistently. They put in the time and effort into devising a strategy and they dont give up when they arent rewarded immediately. They see the potential and understand that if some, even if its a very small minority, can be consistently profitable, then why cant they.





Quote from jrlvnv:

I'll take the emotion train of day-trading 10 fold over her anyday. The money was nice though. Wish I had it to do over again. I know a little bit more about the market now and have some info on prop shops and day-trading firms. Who knows with the bankroll I had and if I had gotten some real training back then who knows where I would be now. I know its a lot harder now to trade but people are still doing it and making good money at it. It always confused me on how one person can do so well at trading and most everybody fails. Anyone have any ideas on why the failure is so high. You can take a room of 100 people and 15 will most likely be good traders and the other 85 will drop out cause they can't do it. Any ideas on that? Still awaiting more info on training if anyone has it. Thanks again
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Quote from jrlvnv:

Here is my 30 second story. Since a young age I have been mystified at the markets and always asked my dad about how the stock market worked. He didn't know very much other then they charge very high commissions. Well I had a rich g/f that let me trade a 100k account back in 97 and did well, like who didn't. I had no training and used cnbc's ticker for my quotes and bought stocks that were getting higher quotes then the last time they posted. probably should try and sell that system. So I have no real experience on "real day-trading" I turn to you guys for a bit of help. Was looking into Bright trading since I do hear good things about them for professional traders but I get a mixed reviews on there training aspect part of the business. So where is there good value for you dollar in learning the business? Have a empty inbox and would value any replies. Thanks for the help. I did read the training part on this site but to me offers no real help on how really to get started as far as trading and real training which is what I believe i really need. Thanks guys
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Ask Samson77
 
here are some cliffnotes for ya:

Making money in the market is easy, just follow this rule:

Buy low and sell high.

Not necessarily in that order (if you prefer to short of course).


and here is a good motto from the longtimers:

Bears make money, bulls make money, and pigs get slaughtered.


and there are 3 things that make the market what it is (irrational!)

Fear, Greed, and .......hmmmmm...i always forget the last one..maybe that's why I am just scraping by now!

p.s. My batting average this year for trades: 51.9%.
 
Books will never make you a good trade its all on hands training side by side with an experience trader so you don't want to trade remote until you have a good grasp on what your doing and low commission rates are important from the start of your learning curve if your gonna make it and not churn your money away before you even come around . im in new jersey we offer low rates to new traders and training program we would like you to become profitable before you trade from home were not out to just make you churn your money. we want you to make it so you can tell your fellow traders what great tracing program we have and commison deals. good luck
 
Hi traderich are you a new trader or experienced if so what do you trade and what is your monthly volume and your current deal.
 
any traders looking for better deals and payouts can email me with there current deal payout and monthly volume. good luck for the rest of your trading day
 
I love it when I ask a simple question and get 3 questions back at me!


benz do you wipe your A$$ using your left hand or right?
when is the last time you got laid?
do you answer rhetorical questions?
 
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