somehow i think you guys do not realize that trading is not for normal people, with normal approach, its not something you can plan, or justify, or prepare for... its for abnormal people, and the more abnormal one is the more imho he has the chance to succeed normal guy stands no chances here that's it so all your pleas, are not for the addressee, they are for normal people who should not be in trading to start with
Or you can look it like this: i want to smoke a cigarette and you are right, if i want to i should. But would i benefit from stopping? Definitely. It is all about considering the upsides against the downsides, smoking doesn't have much upsides, spending 20 years on doing something unsuccessful doesn't have much upside either. He can do whatever he wants, i am just sharing my opinion just like you are sharing yours
i understand , but let him decide where the balance of smoking and dying form cancer should be in his life, same way like everyone else should decided for himself.. instead of pitting him for wasting his life.. maybe he enjoyed his life, all the fucken moment of it..
All famous scientist had what you call "continuous destructive behavior". To be successful in any difficult matter, you need motivation and persistancy. You confuse it with continuous destructive behavior. Continuous destructive behavior: smoking till you get cancer, take drugs till you die from an overdose, eat till you are so obese that you die....
To me, losing money all the time seems destructive behavior as well. It is a fact that stress is also shortening life expectations. Unless of course he has spent the past 20 years trading demo, but then he isn't a trader, then he is more like a gamer spending all his time on playing video games. A scientist get's paid for whatever research he is doing, he might be stuck for years but it doesn't affect other aspects his life. Unless of course he brings his work with home with him and is busy with his work 24/7, but then again that seems pretty destructive to me, for social life, relation ships, ... Destructive behavior can also be emotional, not only physical.
Trading is not a dream. It is a process. Do you need this explained further? No wonder the market is so rich, yet the “traders” are so poor.
First of all you should have a reason to believe that you can succeed in this business, e.g. you are smarter than average, you are analytical, intuitive, see patterns easily, etc. Secondly if you have put in your 10000 hours and are still not profitable, cut your losses.. trading is not for you. jhmo.
To achieve high levels of competence in any difficult profession requires the payment of significant dues. As an example if one wishes to become a medical doctor, tuition into 6 figures and years of education and professional training are necessary. Destructive behavior in trading would include adding to losers, moving stops and impulsive entries. Should they continue then yes, failure would continue to ones dying breath (given still having a funded account). Most people fail at trading not because they don't have what it takes but because the won't do what it takes. Being able to trade for a living requires a vigorous education as to the nature of price discovery and for most of us, disciplined behavioral modification. Moral of the story...it ain't easy but there are many who trade for a living and wouldn't care to do anything else.
You are so wrong. Trading is a process and those who have the intellect to find edges suceed. The others fail. It has nothing to do with being abnormal or wacky or addicted. Not to mention the state of the market for systematic traders. and luck play a large role For discretionary tradrs