Why doesn`t anyone start the thread ''My over 6-year of cooking experience in a nutshell''? I`d subscribe...
when my wife got pregnant she couldn't cook (and she was a very very good cook), so if I wanted to eat I had to learn. The first 6 years were pretty rough. One time I tried to wrap smelt in pasta, but the smelt still had a lot of bones in it. But eventually I became pretty competent. They still talk about the Mexican meal I made (upon request) for 13 people for my daughter's 18th Birthday Party.
3 kids in 4 years, and then all she cooked was diet food, if you wanted a man's meal you had to cook it yourself.
Don't let this go to your head, but I love you "Wild Bill". The one advice I would have for the erstwhile trader in question is this. Almost all of the information about trading that you, or almost anyone else, can easily avail themselves of is useless or just plain wrong. There is a simple reason for this. Those who make their living from getting you to trade, and the more you trade the more money they make, are the source of this bad information. Of course these vultures (see above photo) would prefer that you make money, but they prefer even more that they make money, and they can't make money unless you trade and trade a lot. If you do what they want you to do you will end up entering bad trades over and over again. Therefore, don't do what they want. Pick and choose your entries very carefully and spend almost all your time waiting for an entry that puts the odds in your favor. Remember, you control the entry, the market controls the exit. The first step in trading successfully is to recognize these simple facts, and the next step is to never listen to the folks putting out crap advice again. Go your own way, and do your own thinking. Stick with it, and you will more than likely succeed. But never forget that trading is gambling, and there are good gamblers and bad, but mostly bad, and even the most skilled gamblers can end up broke -- that's what makes it gambling!
If that was the case how would one ever raise any money? Of for that mater, why would any one give anyone any money to invest? Seems like your making generalizations from your own experience, which is never an accurate measure of the truth.
Sorry to hear you did not make it. I read through the thread, most of what you say in your testimonial has already been discussed. However, can you expound more on the"inherently complicated issues (form both psychological and professional aspects) in trading that can not be solved" part of your testimonial please? Thanks.
One thing the OP hasn't mentioned is how detailed his research was before he decided to give up. Or was there anything that qualified as research? Meaning, numbers. Numbers (doesn't matter what kind) collected with consistency and rigorously analyzed. And no, reading books and watching videos is not analysis. It is the opposite, as simply viewing things shuts down one's initiative. In my early days spent in a prop shop I've seen droves of traders spend many many months and sometimes years eyeballing charts and clicking. That's all they did. Click. I haven't seen any of them (except for my then-mentor) do any sort of numerical analysis besides eyeballing squiggly lines and look at their P&L statements. All of them are gone. And all of them likely think they worked hard and "it just wasn't for them". Hell, I've done more analysis in my single college programming assignment than they've done in their entire trading "careers". There are two truths in this market: 1. Fairly simple shit still works, odds-wise, if you are willing to put in the time and rigor to find it. 2. Out of 98% (or whatever that useless number is) of traders who fail, 99% are hopelessly and maybe even unknowingly lazy. This is, BTW, why I believe top-school education has weight, because one of the most important skills it develops is persistence and the ability to just go "naysayers be damned, get it fucking done." /Wulfrede