Just chillout,,, erase everything on your charts. Move to daily and trade small. oh first of all do you have a valid, verified by multi years system/methodology and the discipline to stick to it. Only you can answer this truthfully, you can lie to us, but why lie to yourself, "only you can prevent forest fires" BEst of luck soldier EF
I wonder if he felt like giving up then I went to my room and I closed the door and cried,"For a while I couldn't stop. Even though there was no one else home at the time, I kept the door shut. It was important to me that no one else hear me or see me." In a sense, he owns the world. To me, though, perhaps the most remarkable part of his story is the fact that, as a sophomore in high school, he was cut from his school's basketball team. I kept wondering about how it affected him at the time it happened. He wanted to play with the others, and was told that he wasn't good enough. One evening, as we sat and talked before a game, he spoke about it. I wasn't surprised that he remembered every detail. "For about two weeks, every boy who had tried out for the basketball team knew what day the cut list was going to go up," he said. "We knew that it was going to be posted in the gym in the morning. "So that morning we all went in there and the list was up. I had a friend, and we went in to look at the list together. "We stood there and looked for our names. If your name was on the list, you were still on the team. If your name wasn't on the list, you were cut. His name was on the list. He made it. Mine wasn't on the list. "I looked and looked for my name," he said. "It was almost as if I thought that if I didn't stop looking, it would be there." he, as if envisioning the list anew, said: "It's alphabeticaland I wasn't there, and I went back up and started over again. But I wasn't there. "I went through the day numb. I sat through my classes. I had to wait until after school to go home. That's when I hurried to my house and I closed the door of my room and I cried so hard. It was all I wanted -- to play on that team. "My mother was at work, so I waited until she got home, and then I told her. She knew before I said anything that something was wrong, and I told her I had been cut from the team. When you tell your mom something like that the tears start again, and the two of you have an after-cry together." At the end of that basketball season, he said, he asked the coach if he could right the bus with the team to the district tournament. Just to watch the other boys play. "The coach told me no." He said. "But I asked again, and he said I could come. But when we got to the gym, he said he didn't know if I could go in. He told me that the only way I could go in was to carry the players' uniforms. So that's what I did. I walked into the building carrying the uniforms for the players who had made the team. What made me feel the worst about that was that my parents had come to watch the tournament, and when they saw me walking in carrying the uniforms, they thought I was being given the chance to play. "That's what hurt me. They thought I was being given a chance." He is very likely the best basketball player who ever lived. If you ever wondered why he continues to work so hard, the answer may lie in this story. It must be so rare for a professional athlete to have once been cut from a high school team. The men who make it to the pros have always been the best on every playground, the best in every class, the best in every school. "It's OK, though," he said. "It's probably good that it happened." Good? "I think so," Jordan said. "It was good because it made me know what disappointment felt like," he said. "And I knew that I didn't want to have that feeling ever again."
some traders get burnt, clearly....The key for me is never getting too greedy. The "small chips" philosophy by derek newman of wall street has helped me out considerably with my psyche and risk management approach. Never get greedy.....or you will get burnt.......
Being around doesn't always mean profitable. It just means that the business owners have not given up completely. Some of these might had added capital to survive.
Chances are that your losses were someone else gain. There are many ways to make money in the markets, the irony is that they are all very difficult to find. In my case was to trade in a systematic way and follow my rules so that I don't have to predict anything. I am not making millions either, but I can do this full time and not stress out about money or about getting a job. By the way it is said that it takes 10 years to become an expert at anything. Should you give up ? If after 5 years I couldn't make money in a consistent way, I would. Trading is challenging and can be fun, but if one can't make any money, why bother ?
This is among the worst reasoning I've ever seen. I don't have time to go over why this stuff is so wrong and more importantly, so situation-specific.
You're being sarcastic right? Don Bright will help himself to some of the trader's money under the guise of training fees and commissions. It's not going to do jack for the trader. Bright Trading is not a non-profit educational institution. To the contrary, it is a for-profit organization operated for the benefit of the Bright family. In point of fact, Don Bright realized long ago what I pointed out on the second post of this thread: Trading may be a waste of time, but selling to traders is not. SMB Capital Trading arrived at the same conclusion, which is why they're expanding their educational services to include options.
Trading markets defeats most amateur traders - just a matter of time, either quickly or more slowly. Yet the logic required to win is simple enough. Lets ask the basic questions applying to an amateur. What is my obvious restriction: limited capital. What should I be doing: daytrading. Why should I choose daytrading: to access the most number of points per day. Where are the most points: in the daily gyrations, the intraday swings from open to close. So what market do I choose: a volatile and liquid futures market (eg CL). What essentially will I be doing: taking the most points you can from each swing. How do I do that: adopt or devise a reliable methodology How do I get to that methodology: to get there it needs your time and focus where you must rigorously get to know the metrics of the market you choose to trade and you must apply a trading system to dependably capture net points daily from the intraday swings. Of course there is more to it than the outline above but it is your basic table of action.