Lonely? It is exactly what I need during a trading session. After, go for a message, workout, meet people, have some "different kind of fun". I really think trading is a lonely profession. It is obviously not for everybody.
Let's just say that every time I try, I mostly make confused people and even angry sometime. At best, the common sense tells us that no one can make it as a short term trader, trading proprietary capital only. At worst, day trading and being short are gambling against the rest of the country (..) Even here on this forum, we can see a lot of negative people. When asked about my profession, I am (still a small) entrepreneur with investment activities.
If you're trader I am sure you're a fan of mathematics right? Think about your statement, trading is hard and lots of people fail therefore the majority of people you meet regarding trading will be confused and/or angry. Mathematically that's the probability. But you're taking those people and expanding it to the minority of people (which will be hard to find) and making assumptions and judgements about it as a whole. I know beyond a shadow of a doubt there are successful traders that collaborate for a multitude of different reasons some intra-day and some on less frequent basis. Your post actually seems a little negative if you think about it. I understand you're just voicing your experiences you had, so no issues with that. your experiences are what they are, but at the same time I think you're a little too liberal on your assumptions and casting your net a little too wide.
It is usually what people would say, not me. And when you say profitable retail trader, people will think "like me with my investment account" (during this bull market, for example). I don't like common sense. "Whenever you find yourself on the side of the majority, it is time to reform (or pause and reflect).” Mark Twain. "In America the majority raises formidable barriers around the liberty of opinion" Alexis de Tocqueville. "Common sens doesn't make money in the markets." Fonz
hi All reaching out to all pair traders out there. i am an experienced software dev using Microsoft tech and the Mathlab package. Completed a custom pair trading system that can used as semi to fully auto. Currently hooking into the Oanda broker via their API. Not pro but want to learn more. Some pairs return high sharpe ratios. Can publish back testing results etc. Can also offer advice for coding or any tech issues.
I need a GOOD ATTORNEY. Are there chat rooms of experienced great attorneys who just gather to help the "down on the luck client" For FREE? Hey, since the "pay only" trading chat rooms are populated by scam artists, I also believe that any attorney who charges for services must be a fraud, LOL. Actually there are a few retired traders who help out individuals on a case by case basis. I don't think they want to be on the Top of the SEO food chain. I have spoken with Bob at IntravestAcademy. He basically told me that if someone does not have a good sized account THEY SHOULD NOT DAYTRADE. TT PS that is good advice
it cost money to run a website like elite traders or manage a group forum, meetup.com charges $70 for a webpage. you want free but cannot afford $100? Professional traders don't need forums majority of 'professionals' for a bank, hedge fund, or brokerage firm. Retail traders can be professional or individual. The IRA couldn't care less about you as 'professional' or individual. as long s you pay your cut of the profits if you have any. most lose money so they don't care. professional traders can use commissions, data fees and even office rent fees etc as expense but not individual traders that is the only difference. if you are professional with your broker, you pay professional fees which can be like $5000/year in data fees professional investment advisors pay $500/month to their firm as a privilege to sell securities to the 'public'
only fools and wanna be professionals would pay for trading room or pay for trading school okay. Brokerage firms like Goldman Sachs or any bank offers 'free' training and 'free' mentors to their new hires.