I'm out

Discussion in 'Trading' started by PennySnatch, Mar 26, 2019.

  1. I traded for 14 years before I had a profitable year/year result. I've made money every year since then, and made a living for almost 20 years. Much of what I have seen on Youtube and elsewhere does not work for me, but some of it does. The trick is finding out what works for you. I think it's a personal thing.
     
    #121     Mar 30, 2019
  2. S-Trader

    S-Trader

    #122     Mar 30, 2019
  3. carrer

    carrer

    This is my experience personally so it might not apply to others.

    You must not lose your momentum. Don't lose the momentum. Once it is lost, it will take time for you to reach the point where you have left.

    It's like diving to the ocean floor, you do not stop. When you stop, you will slowly float to the surface, getting farther from the ocean floor.

    Never lose your momentum. When you are in the zone, you will be in a meditative state, that's when you will discover something. Enlightenment is the word.
     
    #123     Mar 30, 2019
    canoe likes this.
  4. padutrader

    padutrader

    you need to behave the way the casino or house does....they lose quite often but in the long run they win..the edge...
     
    #124     Mar 30, 2019
  5. padutrader

    padutrader

    i did that a 6 months break and have hit bulls eye
     
    #125     Mar 30, 2019
  6. Overnight

    Overnight

     
    #126     Mar 30, 2019
  7. qubit000

    qubit000

    To be a consistently profitable trader requires one's emotions to be dialed way down with absolutely no fear, regret nor hesitation about making a string of losing trades. This type of profile is akin to socio/psychopaths who are not wired like normal humans and thrive on constant action, obtaining what they want by any means without remorse.
     
    #127     Mar 31, 2019
  8. S-Trader

    S-Trader

    From Psychologia.co:

    "Psychopaths: According to estimation, psychopaths make up about 1 percent of the general population. Sociopaths: About 4 percent of the general population. Things they have in common: Both suffer from antisocial personality disorder."

    https://psychologia.co/psychopath-vs-sociopath/

    So while those figures are relative to the general population, they appear to roughly correspond to estimates we see for "% successful traders" (relative to those who attempt trading). Actually, a lot of those boxes in the infographic seem to "check" relative to traders. Hmm, you may be onto something....
     
    #128     Mar 31, 2019
  9. this remind of of the famous quote from Ed Seykota "Win or lose, everybody gets what they want out of the market."

    for further detail check out this thread:

    https://www.elitetrader.com/et/thre...ryone-gets-what-they-want-from-market.317295/
     
    #129     Mar 31, 2019
  10. padutrader

    padutrader

    well that is it is it not?

    you have to take what you want ,it is not a gift......you have to earn it.
     
    #130     Apr 9, 2019