Miscellaneous Thoughts on Success in Trading and Life.

Discussion in 'Journals' started by zdreg, Dec 30, 2024.

  1. ironchef

    ironchef

    Just count the number of naysayers on ET. It takes very little effort to criticize.

    On the other hand, to prove someone's approach works, it takes a lot of effort and time.
     
    #11     Dec 31, 2024
  2. Yeah, if there is one thing that I've learned in this business...
     
    #12     Dec 31, 2024
    ironchef and newwurldmn like this.
  3. Handle123

    Handle123

    At some point when you become successful at trading, most become assholes, I love hearing when traders quit or bust. There be another 60,000 new people trying there luck each year at the "game". Takes so long to overcome your personality weaknesses, a game of dog eat dogs.

    So few willing to work years. HAAAA

    At some point, trading becomes boring, same setups each day. New ideas stop coming
     
    #13     Dec 31, 2024
  4. newwurldmn

    newwurldmn

    aye. That is good.
     
    #14     Dec 31, 2024
  5. newwurldmn

    newwurldmn

    or you become completely senile you make up Walter Mitty stories about cameras and free limousines.
     
    #15     Dec 31, 2024
  6. newwurldmn

    newwurldmn

    SUCCEES. that is how you spell success.
     
    #16     Dec 31, 2024
    Slow Learning Elf likes this.
  7. zdreg

    zdreg

  8. I can feel this. Most people who come on the forums giving advices are the ones who have been sticking to the same strategy for years and years and not being ready to change with the market
     
    #18     Jan 2, 2025
  9. Handle123

    Handle123

    Don't understand "change with the market", I do have a method that I started in 1991, I still use it, BUT every few years new ideas tested well and inputted to make better.

    I have spent since 1987 how to trade futures long and intraday timeframes. Systems I made back in 1987 still work today, however, as time gone by, I don't like large drawdowns.

    I have spent an insane amount of time on studying price action, whether patterns made by people or AI, keeping enough stats, one can eventually come up with reoccurring positive patterns.

    Whether using physics-based ideas or simple H&S, stats is where it happens.
     
    #19     Jan 3, 2025
    birdman likes this.
  10. Handle123

    Handle123

    I never could get into limousines easily, I stand at 6'6" and 265 lbs, bad knees
     
    #20     Jan 3, 2025