I can teach you to be profitable real quick.

Discussion in 'Psychology' started by fordewind, Jul 4, 2016.

  1. Imagine yourself being thrown on a desert island. You have that small deposit in your account. Once a day, during the year, you should pay for at least $100, to get out. If your not or blow your deposit out - your being left there on your own (which means - DEAD).

    Now, under those conditions, ask yourself what setup, indicator, timeframe, etc, etc... you`d start to trade right away to achieve that?Write down your first thought.
     
    Last edited by a moderator: Jul 4, 2016
  2. 8 ema 20 ema 50 ma 200ma
     
    fordewind likes this.
  3. speedo

    speedo

    My first thought is you are very naive. There are no shortcuts.
     
    Spooz Top 2, louis_w, slugar and 2 others like this.
  4. Genius! Why didn't I think of this myself?
     
    Rationalize likes this.
  5. J_Smith

    J_Smith

    NONE !

    J_S
     
  6. My first thought was another vagilicious douchiary post at ET
     
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  7. J_Smith

    J_Smith

    There are actually, but the problem is most will not be able to do it, no matter how easy it is - reason is obvious to those who know, a mystery to those who do not!

    J_S
     
  8. imo, anyone who is in that kind of situation while still thinking about how to do trading well should be ...

    Anyone else who suggests the above-mentioned person not to learn how to survive well but to learn how to do trading well ...
     
    Last edited: Jul 4, 2016
  9. I don't think your idea works. There were no shortcuts on that. All you need to do is to stay quick and learn. Work harder!
     

  10. Under those extreme conditions...I'd be a diversified Buy-N-Hold investor in quality companies.
    You have to be very risk averse in this situation...because the downside... is death. o_O:confused:

    ...kind of a horrible trading analogy though, if that's the point you're trying to emphasise...
     
    #10     Jul 4, 2016
    VPhantom, fordewind and Gotcha like this.