my personal thoughts after 20 years of trading

Discussion in 'Trading' started by padutrader, Jun 28, 2018.

  1. padutrader

    padutrader

    i do not think anyone said he was mega rich
     
    #71     Jun 29, 2018
  2. padutrader

    padutrader

    you are a wise person
     
    #72     Jun 29, 2018
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  3. padutrader

    padutrader

    i used to trade well and lost it....i think i found it again and like you say keep at it
     
    #73     Jun 29, 2018
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  4. Can you at least try to trade for 3 months and make at least 1 buck a day?Try it, you`ll soon find out how tough it is.To keep at it, you have to be mentally endured.it is that your mental strength my betray you, you have to be mentally tough to keep at it.The trick is, that toughness is not rough, it should be gentle and almost unfelt.
     
    #74     Jun 29, 2018
  5. Exactly same as my thoughts.

    Look at his smile, he is living a good life. Newbie here but oldie to this quote: Money alone may buy you temporary happiness but can't buy you permanent joy at all.
     
    #75     Jun 29, 2018
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  6. %%
    Last first; it[10k is an average.
    Speaking of general rules; as they say in Chicago-''the smarter you are- the longer it takes '' LOL.:D:cool: IF one doesn't like the income made with trading, could try investing . OR do like Don Bright Daytrading Co founder did; do both....
     
    #76     Jun 29, 2018
  7. Palindrome

    Palindrome

    OP,
    Let me guess, you trade in the short term? The short term game is like stepping on an NBA court at age 50. Unless you got mad skill, your dead.

    When you lose for a fair amount of time, you develop a complex. That complex keeps haunting you and resurfaces continuously.

    20 years unfortunately is a long time to lose and the complex is deep.

    1) Design an edge
    2) Test the edge
    3 Determine if the edge is executable
    4 Trade the system
     
    #77     Jun 29, 2018
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  8. themickey

    themickey

    If I recall correctly, it was tradergod then who stated some months ago his reasons for trading short term was for the excitement it brought.
     
    #78     Jun 29, 2018
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  9. %%
    :cool::cool: Maybe making progress?? Changed his nick name.An elitetrader helped him; nickname trader cod......
     
    #79     Jun 29, 2018
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  10. deaddog

    deaddog

    After 20 years have you determined if the problem is the strategy or the trader?
     
    #80     Jun 29, 2018
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