I like to compare reaching that level of spirituality with an airplane that is climbing to cruise altitude. A beginning trader starts on the runway. He has his seatbelts around him. The airplane accelerates and takes off. Take-off and landing are the most critical phases in a flight. The airplane reaches VR (rotation velocity) and leaves the ground. This is the most scaring part, leaving behind the save ground.(consumes the most fuel) Geare and flaps are retracted, the airplane undergoes a transformation of it's shape to adapt to a different surrounding. Feet by feet it start to reach cruise altitude. This part takes a lot of fuel( learning process of the trader) We reach cruise altitude. Autopilot is set on. (the trader reacts pure intuitively) There is no human intervention at this point anymore. The airplane flies by itself. You have arrived as a trader......
I think I understand..(learnt in trading never to pressume) I made a post on a thread here about motivation..I can't find it again..I'll get used to the site here.. but it was on the lines that what motivated me in trading was some understanding of the abyss..of the nature and true meaning of courage and how to be more than we are .(for the good)..and that trading is unique in that we are offered the possibility of limitlessness..this can be a wonder or a destroyer..again depending on ones perception..and yed it is to do with money in trading..but I can only say that the morre I trade from a so called spiritual self, or zen mind, the better I get.. maybe sabena its the same for you..maybe our true potential lies in and comes from that part of our being and trading is merely a way of getting in touch with itand expressing it..after all life is a contradiction too..I'm not sur I explained that well..
my posts are arriving one post late..if you know what I mean..your airplane analogy..you put it better than I..and appologies for my appauling spelling..!!
Someone that sticks it out for 5 years is not afraid of tears. This is the kinda guy I am: For 5 years I sold door to door home improvements when I was a teenager. Every other door was a f**k off and occasional guy chasing me down the road with a machete. Hey I was making money. If I got stabbed once a week I would not have cared. I have a thick skin. At the same time I have produced commercial computer games and utilties programmed in machine code on the commodore 64, so am probably considered a brainbox. I am sorry but if someone like me, who also happens to have an excess of capital to play with, cannot make it in the markets perhaps you should sit up and listen. As far as I know there is no one in the forbes list who has made it as a sole trader. This business is pure snake oil.
I suppose its recognizing that to do well as a trader you must see that trading encompasses so much of so many things..ones understanding of the nature of so many things ..be it zen or emotion/psycology..even fun etc..the more I understand "life" the more I understand how to trade better and vica vers..a circle ..of sorts..
Bruce Kovner is on Forbes list and from only trading. Monroe Trout is reported to be worth about 1.5billion too, again from trading.
Funster..its funny you keep mentioning your capitaol base..i am remindedd that it was only each time I was broke that i ever really learnt anything about trading!!! Its not about the money..which is why one ends up making however much of it one wants to make!!
I think you simply looked at too many things, and the things you looked at were not the right ones. I'm making an assumption without ever having talked to you though, so I could very well be wrong. There are many ways to make money in the market, the most profitable and consistant are very boring. For example, a class A, class B stock will have a relationship. In many cases you trade this when they get out of line. Boring!!! but, profitable. Brandon
I am sorry but your quotations are becoming a little irritating. Question 101: Have you, or anyone on this board for that matter, EVER earned CONSISTENTLY $40,000 - $70,000 per week. I have. But not in trading. It is a mug's game. And I am going to go back to proper business. The real crime is the money that I could have made in the years that I bothered with this random gambling crap. Lets put that into perspective. I did not have millions to play with. My investment, apart from time and a good deal of salesman's front with daft corporations, was about $25,000 one off spend. Life is simple. Look at my spreadsheet. It is random. The sooner we all give up this rubbish the sooner the pros stop taking money off us.