same as above post 640 red trend line is new bear low. blue trend line is first attempt to break or test the new bear low. the green trend line is the second attempt. the market then breaks out.
Good Morning padutrader, My definition of make money, is just that, make money. Please don't forget why you started trading initially. To make money
Yup for me when I started out trading, it was purely about getting rich and fast. But reality hit me smack in the face, so trading is much more than that now. It's a lot of things like challenge, and structure and testing myself and entertainment and education as well as the calculated gambling instinct in me.
money i have you do not tell me why i started trading: i started trading to be a trader. not bull shitter
it was never money for me. i was not an idiot thinking trading could make me money. it could make me free. how much money can a trader make? how many traders have Porche and shit like that? manufacturers industrialists make money not traders.
Good Morning padutrader, Thank you so much for the clarification. I respect you just wanted to a trader and not make money. However, I do not want to be a trader, I want to make money as a trader. I do not care about trading skills, I care about making money ONLY.
Does your definition of "being a trader" include a consistently positive equity curve? I'm not hating on you Padu just genuinely curious. Because if I ask myself that question the answer is yes. If you lose money consistently then you are by definition a loser, or sucker. I understand having a string of loses even after you are consistent...but IMO you need to have an equity curve as close to 45deg as possible, example: So I think what SLM is saying...is simple...like him. By definition, the primary thing needed to be a trader is to make money consistently. So if one isn't making money, then one is messing up. Winners (traders) and losers (gamblers).