Losing Money Is The Worst

Discussion in 'Trading' started by zghorner, Oct 16, 2019.

  1. First, it takes years if not decades to learn to trade properly because it comes from participating in the price action over years. Trading decisions are also about getting to know the world we live in, which takes additional years.

    Second, going to day job sucks for most people not just you. But there are some advantages not obvious to most people. Interacting with others in challenging social situations keeps you and your brain young. Our brains are not the most active when we are trading options but are fully engaged when we are processing difficult social situations. You can research studies about evolutionary brain growth coinciding with social settings. Don't ignore the massive health benefits of going to work daily.

    Third, I personally believe learning this business is the hardest, most difficult skill. It's far easier to become a surgeon or a scientist. You can learn all the theory in the world by studying business/finance/trading for 10 years, and on the first day of making decisions you will get punched on the face because things will do what they do. You can only and mosstly learn by taking losses, which sucks. It hits you emotionally, financially, etc. and you have to cope with it all. So you have to go into this fully willing to pay the high emotional price, and know that it will not be worth it even after you have learned it "all" (as if that were possible), unless you are standing well capitalized at the end of your learning curve, to benefit from all that you have learnt. That happens to only a few and you know who they are.

    Good luck.
     
    #71     Nov 12, 2019
    _eug_, zghorner and GuerrillaTrading like this.
  2. I agree... It takes a while to learn the "animal" and it's in the losses where you learn.
     
    #72     Nov 12, 2019
    padutrader likes this.
  3. padutrader

    padutrader

    there is one and only one reason i wanted to be a pro trader:it is the only business where there is no government approvals or licenses or interference.
    in my country if you want to open a restaurant you need approvals from 16 government departments.and those guys will come and eat ...for free

    for day trading none !.
     
    Last edited: Nov 12, 2019
    #73     Nov 12, 2019
  4. rider20

    rider20

    Absolutely! No restrictions no outside body control. Only thing we need to do is avoid losses by using a sound trading strategy.
     
    #74     Nov 15, 2019