I made every mistake in the book: not having a system, not understanding probability and uncertainty of the market, revenge trading, trading too big and anything else you can think of. everytime i made a mistake i would tell myself i would not do it but i would do it again, and then one day i just stopped doing dumb s**t although the urge to do DS never goes away and i still do it from time to time but because my account is big enough i can handle my mind's weaknesses. if you are doing DS just stop, don't do it, i guess that is how you will speed up your learning but other wise read my previous answer on how to trade - that is the holy grail.
I'm sure that if you had this advice when you first started you would have become successful much sooner.
Yes for sure. when I read this thread back there were guys who gave me solid advice the day after I asked the question but of course I did not follow it nor know it to be true. We all have to carve our own paths in trading and in life, this I know to be true. You can never try and replicate anybody.
The Artist: a Tale from Old China June 15, 2016 There was once a king who loved the graceful curves of the rooster. He asked the court artist to paint a picture of a rooster for him. For one year he waited and still this order was not fulfilled. In a rage, he stomped into the studio and demanded to see the artist. Quickly the artist brought out paper, paint, and brush. In five minutes a perfect picture of a rooster emerged from her skillful brush. The king turned purple with anger, saying, "If you can paint a perfect picture of a rooster in five minutes, why did you keep me waiting for over a year?" "Come with me," begged the artist. She led the king to her storage room. Paper was piled from the floor to the ceiling. On every sheet was a painting of a rooster. "Your Majesty," explained the artist, "it took me more than one year to learn how to paint a perfect rooster in five minutes."
This is true. Takes years to master it, but once you get there you realize it was really simple. The irony is that realization does not come without the years of losses and pain.
Thank you. I'm glad I stayed with it and came out from the other end much stronger and wiser than when I first posted on this forum on June 18th 2009. What a 13 year journey it has been. I can't help but laugh at the experience and things I've seen in the markets. I hope the young ones get the picture reference. If not watch the movie today.
@ashantt After all these years, your net worth, would it have been better off with trading or leaving everything at SnP & forgetting ? @deaddog I know that you're not asking for yourself, but to check credability (same goes with my question), yet, there are members here asking non stop of , how-to. Wondering, how much did they actually learned.
If I had put it in the s&p in 2009 and forgot about it, I would have done much better especially if I bought every dip. But, no one is prescient and no one could've known how the market would go vertical after 2009.