great point a trader that has no discipline in sticking to a trading plan usually lacks the discipline to quit trading because his just doing it for the ego and the action anyway - not the money he will only quit when the wife threatens to leave, or the home goes into foreclosure, or gets "escorted" off the trading floor, etc. etc. etc.
if making millions was easy, everybody would do it. just bear in mind that Nick Leeson still buys stocks from time to time
Don't listen to this guy, he is one of Hershey's drooling morons and has never seen a profitable day in his life
You need to hone your sense of the prevailing sentiments on all fronts: economy, market, industry, stock, intraday volatility. THis gives you focus and conviction so you can be ruthless in your trading. Step in when the opportunity presents itself and take money out when they show you the money . I am a small guy but I am building steadily with this strategy, if you can call it that.
Trading is not for everyone, and don't let anyone tell you it is. Focus on these things: Understanding Approach Discipline You need to show atleast some continued growth in all 3 areas and if a beginner finds they can't after a while, then they need to get out. Confidence will come with successes (not just financially but also in these areas) so I wouldn't worry about it too much yet, but you've got to gain ground now in the things that are in your control, or else you should do something else. And if you keep trading, trade small until you're comfortable with the growth you've achieved so you continue to be challenged, but aren't risking much in the meantime.
What else is there left to say? You are a quitter, and a loser. It is one thing to give up on trading because you realize it's not your passion. To each his own. It is another thing to have trading as your passion, but then give up because you don't want to spend more time (up to 5 years) to hone your craft. When a girl complains: 'I am sick of boys, I want a man.' This is what she's talking about