Can't Make Money

Discussion in 'Professional Trading' started by GotherL, Jul 22, 2016.

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  1. 1245

    1245

    The problem is that you have not found an edge yet and you are trading in an account where you have very little flexibility. You can't blame the market for that. If I were you, I would stop trading until you find your edge.
     
    #11     Jul 22, 2016
    Benyhana, GotherL and K-Pia like this.
  2. K-Pia

    K-Pia

    You made 20% by pure luck.
    An impatient man can't build a viable strategy.
    You either spend the time & effort to build something reliable.
    Or you follow the get rich quick path and with little luck you'll get there.
    But if it happens I can tell you for sure that you'll get broke again.
    This is how gamblers begin and this is how they end. Broke.
     
    #12     Jul 22, 2016
  3. GotherL

    GotherL

    Also, I've been getting quite unlucky or you can call it amateurish. I bought into CNR & CADC both China stocks and lost big. Didn't understand the nature of these stocks but next time I'd definitely avoid them or give them extra caution.
     
    #13     Jul 22, 2016
  4. K-Pia

    K-Pia

    This is amateurish.
    Pros are resilient to bad luck & strive from good fortune.
    Everyone's unlucky in this business. Day in, day out.
    But you don't let the fire devastating the city,
    You've build up over decades, in a day.
     
    Last edited: Jul 22, 2016
    #14     Jul 22, 2016
    Redneck and Handle123 like this.
  5. TradeCat

    TradeCat

    All trading is 50/50. If you're losing more than you're making you could skip intraday trading for buy-and-hold. That requires patience but it works if you do your research.
     
    #15     Jul 22, 2016
    GotherL likes this.
  6. GotherL

    GotherL

    Yep, that is what I plan to do. I can't afford to lose on the commission fees if I am trading actively on a 50/50 basis.
     
    Last edited: Jul 22, 2016
    #16     Jul 22, 2016
  7. GotherL

    GotherL

    I should really work on my gut decisions I developed during my time of being a poker pro. All those times I was trading for real money I based my decisions mostly on fear or greed. I think that is what messed me up. It's the psychological aspect rather than not having any actual strategy or being an amateur. (Ofc, those matter too but I am strong believer of the mental side.)
     
    Last edited: Jul 22, 2016
    #17     Jul 22, 2016
  8. K-Pia

    K-Pia

    Sure ... Psychology ...
    But you don't master by meeting psychologists.
    image.jpeg
     
    #18     Jul 22, 2016
    SkyChef and Simples like this.
  9. GotherL

    GotherL

    I doubt with that attitude you've seen much success in the stock market. That negativity and constant criticism of yours makes me wonder if your some estranged wife or seen too little of the sun...

    As for my advice to you, brag less & stop acting like your very clever or pretending to be some big shot coz it makes you look more like a troll than someone worth listening too.
     
    Last edited: Jul 23, 2016
    #19     Jul 23, 2016
    userque likes this.
  10. He has given you very good advice, but the truth is hard to hear for most.
     
    #20     Jul 23, 2016
    K-Pia likes this.
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