It doesn’t surprise me when people are negative about trading. I’m more surprised when someone shows interest in it or says good things about trading. We all are surrounded by regular people who are busy earning through conventional methods and we can’t expect them to understand something that they have never done. These forums are the best place to share your experiences as you can find so many like minded people who are going through the same things.
According to me, the main reason for many people to think negatively about trading is the increased number of scams. Traders should get proper education about the market and avoid being scammed.
Agreed. I find a lot of people are risk-averse and maybe sometimes for a good reason, but they also don't have the time or interest and find it easy to conclude negative things due to the mainstream experience.
QFT. I normally wouldn't 'like' a post with such an atrocious spelling error, but I'll make an exception here for this one.
Hilarious! You mean things like: Like I trade H1s sometimes H2s but hardly ever more than H4s…... And a failure of a failed BO indicates I have taken the wrong side…..PB’s and implied PB’s can indicate continuation if in a bull or bear spike BO but may fail if at top or bottom of a bull or bear channel because these both are really just flags; bull being a bear flag and bear being a bull flag on a larger TF…
Anyone who will admit their weaknesses and their willingness to work on improving themselves after doing so is a no-brainer. It takes courage to expose yourself and your flaws, so I'm as sure as day follows night. We need to applaud anyone seeking to improve. Not easy. Kudos to him.
In my opinion, some common mistakes that are committed by the intraday traders are averaging positions, not doing research, overtrading, and following too much on recommendations. These mistakes have caused many day traders to take losses. Around 90% of intraday traders lose money in less than 4 months. That's one of the main reasons why people are afraid of this career
I'm from a country where, once upon a time, ponzi scammers used the term "trading" to promote their scam. And yes, trading is negative for ordinary people in my country. The population of stock market investors is less than 1% of the total population. Even though, in absolute terms, the number is very large because we are quite a big country.
I'm in the same boat. I got interested in stocks 2 years ago, been slowly learning since. My gf humors me when I think out loud about it, but I'd kill for someone to geek out on stocks with more regularly.