There is a difference between "they think their system works" and they are actually trading it profitably. Smart Money : I think , but I am not sure, a prop shop like T3live does equities swing trading. This would give you a venue to demonstrate your system. Also, nowdays, not learning to use the leverage seems a bit of a waste of possibilities. This is , I precise again one o-p-i-n-i-o-n. Trading has evolved : knowing to use leverage is something one could want to find out more about. Because 7k to generate 300$ in 4 months! Some people would generate 10 times this amount ( 3000$) in less than a week. But then they have other issues attached to it.
everybody trades profitably, until he is not...and most suspect that their profitability will end eventually , so why to take the risk ... in my book those who trade profitably do not ask for money or looking to be employed: no poor geniuses in this game...
Thanks for your support. My primary purpose for being here is the emotional aspect of it. It does suck having the knowledge and knowing I have a long slog ahead of me. I was looking for a little consolation and to vent, but I received some really good suggestions too. I'm going to take a closer look at leverage, and I need to figure out who can provide it for someone with a small account. Not aimed at you, but in my defense on the bell curve stuff, Like I said, my main focus is on percent chance of profitability times profit size minus percent chance of loss times loss size. So My main focus is on both sides of the equation. There is a trade-off between profitability per transaction and the number of times you profit...I find if I try too hard to squeeze every dime out of a transaction, I can hold too long. Likewise, the other side of the equation, percent chance of loss times number of losses can get too big if I focus too hard on the percent chance of a loss (like setting a tight stop). My system isn't overly complex, but works for me. Like in a previous thread, I tend to just focus on making a healthy chunk of the major move and get out...I'm looking for singles and doubles...not home runs. And if I don't see a very familiar setup, I wait. I'm on the sidelines today, for example.
Is T Is T3live paper trading? I can make real time trades and demonstrate. Check my post history...I've done it here before. But if it is a place to pick up leverage, I'm definitely interested. BTW, I always listen to opinions. I don't want to be a proudest poor man. I want to be the most humble rich man.
That's the definition of stuck, not being able to move forward. Regardless, he implied he is further ahead than he actually is, no need to engage further.
i understand you very well, or i think i am... as the consolation i can say that almost everyone who is serious about trading is going through the period when he thinks that he has a method that works only does not have money to actually live from it what one decides to do next is as important as the creation of the method its not enough to build a method as important is to build a trader
If you really can double your money in a year, why don't you open a margin account at a brokerage of your choosing and save money over the year and keep adding to the brokerage account. Don't ever withdraw money from it until you are forced to, to pay your gigantic tax bill in a few years. Once you hit 25k+, you won't be handcuffed with the PDT stuff, nor T+3. Just save up your own money and keep building it. You'll be the richest man in the world in short order.