Is a trader's path lonely?

Haha, we've all been there before ) even the best traders started with their fair share of losing streaks

 

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PARTLY true;
so few do penny stocks+ make money , no sense pretending much on that.
Unless if pretending is the main goal LOL

 

On the average winning should be more than losing in order to be in the trading business. If looking at the price gain of a certain period, it's data distribution is normal or bell shape. Generally, based on anecdotal observation, a trend with smaller standard deviation tends to last longer.

 

If buying on a trend line, risk is small and gain can be huge, but it might take many tries.

 

True.

Also, so few do day trading + make money.

I am pretending to make money day trading, on paper at least.

 

Absolutely! More wins than losses is key. Trends with smaller standard deviations do seem to last longer.

 

No, it is the expected return that is important.

My option trades have a 30% win rate but I am making good money.

 

Trading is often a solitary pursuit, especially when you're deep in analysis or making tough decisions. You're frequently on your own, and it can be hard to share the highs and lows with others who might not fully understand what you're going through.

But remember, you’re not alone in the experience. Many traders face similar challenges. It can be helpful to connect with trading communities or forums where you can share insights and support each other. Staying engaged with others who get it can make the journey a bit less lonely.

 

Only 20% of traders do it full time. So since I have a contract job where I work 40 hours per week, I am never alone.

 

That is the main reason why many of us are on ET.