Fun Facts - Sim Day Trading Statistics

Mike Tyson said that 'time flies and where that leave you?.

old too soon, smart too late.

smart too late, like all losing traders

 

I like that.
More than just a great lyric.... that one has the framework for a whole song. Keep those insights coming Babu.

 

How true.

 

Keep up the good work.

 

Padu will do nothing less. It's in his being.

 

bluntly. my goal

you must decide which side of the fence you are.

if you take low probability trades-early in the new trend- then swing and go for min 2:1.

if you take high probability trades-tirades late in the trend- go for 1:1.

it is not that simple but if you follow these rules then you may survive to learn more

 

Getting a free Big Mac everyday is psychologically better for me than winning a Lambo every other months.

So I choose, and am forever condemned, to taking small profits.

Rather be a poor happy trader, than a rich unhappy trader.

 

Lmfao hahahahahaahhaah hahahahaha

I love that quote. I love it.

You right @padutrader . That is funny

 

Learn this.

 

most people think they can enter anywhere and make small profits.

they soon realize how wrong their belief is.

because they do not take small losses. Accepting a loss is very unnatural.

you can make consistent small profits only if you take high probability trades.

and it is simple to recognize high probability trades but no one tells you how.

but you need the understanding that you must wait for those and most do not know how to wait.