Awesome. I suspect you are there, otherwise, you won't understand the true meaning of financial freedom, and become an observer. Regards,
Thank you, Iron for the promotion. I am just waiting on my correctors to come back from their sports and put in order my Runglish, so I can put a reply to Op. As for me, for us - it is all so, and it is how. We did it, we made it, pure luck then journeys and we would be already far far away in the terms of finance... somehow its happened.. UBS, Credit Suisse, BNP... It's all good, its all must.. otherwise I would miss ET! And many others!
Hi and Thank you! Thank you for the nice words and always for your style, but sadly our conversation seems to flow on different frequencies. I read all your posts on this thread. It appears to me that you are sincerely wishing help for that what you have categorized as addiction and you cannot believe that we, retail traders, can be profitable not on the single level, but many many of us, maybe you too one day will arrive to decide to give a try with your own money? I an always-on positive side and this is how this dialogue is possible, at least for me. But"compassion but no mercy", when somebody trying to diminish the self-directed (retail)traders roll with odd labeling - prey, addiction, gambling, sorry, I can not stand. May I ask if you are aware of this statistic - https://www.thestreet.com/video/143...sn-t-just-for-big-players-cme-group-says.html ? How would you comment it? And if 14 million retail traders are successful, and they are just a tiny 0.02%, accordingly the statistics you are bringing in and am assuming you believe to be true, and so if only this invisible percent of us is successful, this will bring us, by way of simple math, that every inhabitant of our planet is a trader? Including neighboring aliens, just to fit the numbers? I hope soon, it will be, at least for the Earth. Taking in comparison books, time ago, only a hundred years ago, reading, to be literate, was a privilege only for certain class, correct? And so soon will be with the finance. Please, correct me if I am wrong - you lived on another side of the game, safe and sure, respect what most of us are going through. But probably you, because of your ethical values and many other qualities, I assume of honor, you defer from classical banksters, you preserved your consciousness, a rare quality among those beings. And is it maybe for this reason, that you are here? Being from the sell side, it is common to see us as ants or victim of addiction, any word will work, just to justify brokers robbery on us? Because the conscience of so-called brokers is still human and bother them, at least some time. The industry is what it is, but it was worse and slowly, it is changing. Unfortunately, the majority of brokers are still largely profiting from different tricks, which is no other than robbing novices, retail traders, or aspiring-to-be retail traders, correct? And this is a long argument, only our experience can amount to the volume of a book. And once this practice comes to you, and you see it be exercised for many years, without protesting or maybe even yourself profiting from that, you feel disturbed and in order snooze your consciousness, you follow the addiction/prey labeling path. Can this be the explanation of your posting and of this thread? No offense, I am just offering different possibilities, flowing from my heart with the assistance of my mind. And if you are really one of them and are coming here to help, we can only welcome you. But you should learn to understand us and to believe that we are real. But what is really moving you - the desire to help the so-called addicted or to find confirmation for your affirmation that retail trading is not possible and there is only addiction? I totally agree that managing emotion is the first step. And the example of Everest is very nice, thank you. We all, who became successful, have passed through. And money is not a drug for us, it is just a tool. We have no emotion towards money. We burned it, we melted it and it dissolved and disappeared. But it appears, that for you, itis still representing something and something very powerful since you are comparing it with the drug dealers discipline. But drugs are simply an addiction, a bad addiction, there is no double path. There are good addictions and it is already is here on this thread. We can discuss it further. Drugs certainly are not - they inevitably will drive you away from your Higher Self, shifting you in illusion. And we can easily avoid drugs, It is a question of choice. Some like to smoke marihuana and are claiming it is fine............? Well, others, such as Steve Jobs, prized LSD , to my amusement. But definitely, drugs are an addiction and can be avoided to be used, but once used, save rare exceptions, it more likely will become your addiction. Money is very different, we can not avoid money, - it is part of our daily life, and until society will go to some higher level, money is here and is a key to freedom. But we can learn to not be addicted, we can be free of any attachments to money. Indifferent, today's money is used in many nice ways - charities, supporting those who are behind, and trading is one of the more ethical ways to make a huge amount of money while growing in honesty and awareness, bravery and discipline, humbleness. And the moment you will forget to be humble, the market will remind you, immediately, and in being so, we are becoming better beings, every one of us is different but we are all true to the eternal ourselves You can not be successful in trading at a maximum of your potential if you are not following your spiritual growth, your mental training, your body. It does not mean that you have to be super in something, no, you have just to be you and know who you are. Mine is not emotion or addiction, it is devotion and passion. To conclude my long post, there is the third component of convenience to play on the addiction/prey label is that the very profession of money managers who will go extinct - once the financial literacy becomes common and practicing will be a day to day activity of many, at least one for a family or circle of friends. Once the public, with wealth or without, will believe and understand that the regulated markets can be trusted and be accustomed to the knowledge that you just need to learn your financial ABC, and practice, sacrifice, break through the fear of touching your money or touching your beliefs about money. So, not you, but the blind aggressivity with which banksters attacking us and many brokers attacking our "addicted" fellows is rooted in subconscious knowledge that they will survive only as long as trading, retail trading, be oppressed. The law is already here. It is the process. And it is in the interest of all and everyone that trading becomes more and more common and appreciated. And this can be another topic -what society will be like when everyone will fully know about retail trading and many will have mastered it? It is so simple, it is Mikhail Zamyatin's original "We', and is a remark, made by Orwell's"1984". It is just about your own choice. Would you like to continue to be an android, or are you ready to let it all go and take flight? Questions, feelings, decisions, courage............... And then the gift - happiness, which no one can take away from you. All the best and good night
is trading a bad trade? asking that question in a trading forum is like asking if jesus is the answer in a online forum for born again christians. trading is religion and most followers here are fanatics ready to jump into a vat of boiling oil to defend their beliefs. like any other religion, trading and the beliefs built around it provide followers with a sense of hope in a bright future. hope that is almost always crushed under the weight of observable results in their brokerage statements. imho, most ppl are drawn to trading for the spiritual and religious experience that fills a void and manufactures hope - as is the case with any religion. and for that group trading is a bad trade. in the end few plungers will ever exit that religious stage because once you check in, it is very difficult to check out. but if you do manage to advance out of it, what is left are cold, hard facts pointing to the effectiveness (or lack thereof) of your method. so what’s it gonna be, doc?
The difference is none of the born again christians have any proof that Jesus exists. There are quite a few traders who've made a living from trading and that's the proof that counts.
I have never hear any loser, in anything not just in trading, say anything positive abouit the thing they were losers in. You cannot make money in trading, according to the failed ones. You cannot make money in business, according to the failed ones. You cannot make money in football, according to the failed ones. You cannot make money in golf, according to the failed ones. You cannot make money in F1, according to the failed ones. You cannot have a good marriage, according to the failed ones. Nothing can if you fail in everything. At least not for you.
Not at all. If trading results were random, so would the returns. If a trader does thousands of trades over a span of decades, the chance of it being random is almost zero. I should rephrase that Jesus, a person in modern day Israel possibly existed. All the miracles and other nonsense, there's no real proof for that at all.
i agree with your statement but i would supplement it with one point: in both cases outcomes observed in real life do not justify the belief. that is not to say that it is impossible to trade profitably.
Belief is belief. Many people get confused with belief. They get confused because of the probabilities linked with this belief. If 100% of people can do something, the belief is 100% supported by the people. Everybody believes then. If 10% of people can do something, the belief is maybe 20% supported by the people. The 10% who can do, and an additional small group that believes that it can be done although they cannot do it. That's why there are so many discussions about what is real or fake in trading. Many of those who cannot, don't believe. Not because this belief is fake, but because their conclusion is that if they cannot, nobody can.