So are you saying a rookie has a better chance of not running it to zero ?
Your brain, your mind, and death
- Thread starter lilduckling
- Start date
So are you saying a rookie has a better chance of not running it to zero ?
Quote from volente_00:
So are you saying a rookie has a better chance of not running it to zero ?
A rookie trader has as much chance as turning that to zero (under the scenarios given) as he does turning the 25K into 50K. Not likely
But keep in mind I have since stated that for this exercise he would only be swing trading or day trading stocks.
Go check out the rookie journal called 5k emini journal.
Lost 20% on the very first day. Had he been trading 5 times that size he would have blew the whole account out in just one day. And you say a rookie can't do it in a year ?
Quote from walter4:
thanks Tommy.
x x x
The day 1 results: -$1085 on 48 ER2 contracts
I started the day off with a few bad trades, then it all went to hell in a basket. Started tightening my stops, moving them closer to breakeven and stopping myself manually. I wasted every opportunity I was given until I hit the 1k circuit breaker.
I also realized that my survival skills are pretty much nil. Not good.
Lost 20% on the very first day. Had he been trading 5 times that size he would have blew the whole account out in just one day. And you say a rookie can't do it in a year ?
no..... because the objective WOULD be to lose.
Help! ....... can someone else make my point here so volente will understand what im saying ???
Help! ....... can someone else make my point here so volente will understand what im saying ???
Mentally, you are screwed up a little bit.
You deal with opposites instead of logic.
Your hypothetical does not have a logical outcome that will advance anyone's trading (psychologically speaking or just perfomance speaking). Let me say that again. By doing a failing oriented exercise under stress does not lead to an argument (this is a word that is used in the sense of logic) that has value for successful trading strategies or methods.
Over the days a lot of people have tried to break this news to you in various ways, none of which you are capable, so far, of getting.
Logic must be linked step by step and not have falacies embedded in either the nodes or the links. your hypothetical is a combination of nodes and their links as generated by you are illogical.
So far it is very easy to see how to fail. there are so many ways.
90 plus precent do in general. Do you see, as yet, how doing the opposite of each of these will not connect to the actual 10% of ways that are successful. I am not talking about a one to one connection since the failure set is larger than the success set. I am talking about the inability to make a link from a failure's opposite to a winner for all cases of failure.
You may someday want to start with a blank sheet of paper and write down why you have followed the path you have. Then take another sheet and plan how to go from where you are now stuck. Do not use induction ever. break that habit you have acquired.
You said a rookie trader won't be able to take the account to zero due to stress of being killed ? If your assumption was true, I am sure many failed traders would go hire hitmen and have them threaten them and their family if it meant they would be profitable. Go check the statistics on how many under 25k futures accounts get blown out within 1 year of opening them.
Hi Duck,
Losing = easy
Losing on purpose = difficult
If losing on purpose was easy, so would be winning, you would just have to fade yourself.
Some answers were really smart and took advantage of some openings in the scenario initially proposed (no commissions, but no restrictions on scalping, options, etc.), but once you rule these out, I think that either people have missed the point of the OP, or they're just trying to give lilduckling a hard time
Best trading,
Jorge
Losing = easy
Losing on purpose = difficult
If losing on purpose was easy, so would be winning, you would just have to fade yourself.
Some answers were really smart and took advantage of some openings in the scenario initially proposed (no commissions, but no restrictions on scalping, options, etc.), but once you rule these out, I think that either people have missed the point of the OP, or they're just trying to give lilduckling a hard time
Best trading,
Jorge
Quote from Sarvise:
Hi Duck,
Losing = easy
Losing on purpose = difficult
If losing on purpose was easy, so would be winning, you would just have to fade yourself.
Some answers were really smart and took advantage of some openings in the scenario initially proposed (no commissions, but no restrictions on scalping, options, etc.), but once you rule these out, I think that either people have missed the point of the OP, or they're just trying to give lilduckling a hard time
Best trading,
Jorge
So you are saying all a newbie trader has to do to be profitable is to come in with the mindset of trying to lose on purpose on every trade and that is the holy grail ?
You guys are CRAZZZYYY!!!!!!
You're telling me then, that a new trader starting out say in swing trading stocks, has a 90% chance of making money than losing!
Forget about me or any other nonsense ..... the point is, there is NO difference, repeat NO difference than trying to bring a swing trading account in stocks to Zero than trying to double it. As presented in this scenario. THE MENTAL CHALLENGE WILL BE THE SAME.
You guys are looking past this simple excersice AS presented and are failing to see the point.
You're telling me then, that a new trader starting out say in swing trading stocks, has a 90% chance of making money than losing!
Forget about me or any other nonsense ..... the point is, there is NO difference, repeat NO difference than trying to bring a swing trading account in stocks to Zero than trying to double it. As presented in this scenario. THE MENTAL CHALLENGE WILL BE THE SAME.
You guys are looking past this simple excersice AS presented and are failing to see the point.