Some people are good at games, treating it as a game you want to win, stops the overthinking that real and money on the line creates, might not work for you, but others? Markets are CHAOS makes for a hard game to win, a game I often consider giving up, but been so close to making it so many times, it will keep sucking me back in. I mastered day/swing trading stocks 15years back, sadly 25k rule put me out, FX and indexs just dont work the same, to day tradey. Only solution is raise 25k++++ get back into stocks, no time soon
Day trading stocks is not close to being a zero sum game and that is one key reason so few people have been able to make a good living doing it. In a zero sum game, if one player loses a dollar another player (or the other players collectively) must have won a dollar. In daytrading, an extremely large amount of money leaves the game in the form of slippage and trading costs, like commissions. _____ Here is an example of a zero sum game vs a non zero sum game. A Zero-sum: In a poker game of tough but not equal players, the best player should have a small edge. B. Minus-sum: In a poker game of tough but not equal players where a very high percentage is taken out of each pot and given to the person hosting the game, it is possible that ALL players have a disadvantage and that all players will lose in the long run. NOTE: Some minus-sum games are beatable and some are not. Poker games with a huge rake are not beatable (at least honestly). Daytrading stocks is beatable and the strongest algos are making very big money. Bonus Tip: stay away from binary options.
you mastered day/swing trading stocks but never made 25K??? one of the toptraders on ET and stopped because you don't have 25K to trade. you must be stupid to post such a statement.
that was my experience too when i started. chaos, numerous times having the idea that finally it would work, then failure and back to reality and start over again. being sucked in again is a good sign as it means you are interested and motivated. just know when you really have to give up as eternal fighting without any objective results is useless. remember:many failures are the result of giving up just before a breakthrough. difficulty is to know when to continue or when to stop... PS: tried to use the word "automatical" to please Vandervoort, but found no place where to put it. LOL.
Very few around, nearly gave up recently, trying a different tactic, if that fails then almost definetely time to quit. Life, never easy
I really do not know how to say it. You have changed tactics over and over and over. What if the real problems is not about tactics, but about psychology/"spirituality" ? May be you just have just one very little issue that'd be sorted and suddenly your trading would be very good. Please, if you stop the trading because of failing , just realise that it is because you refused to sort your own psychology/"spirituality". Also 25k is not very much : you could make it within 2-4 months. I am now working with a very losing trader. After psy/"spirituality" coaching, 3 months managed to go from $3k to $60k, then blew it all up in 1 day because the person did not want to be asked by his demanding family any pennies ( yep that can be a reason to give all back, when the family starts to be nice because they saw some accounts statements). Obviously, no way, we'll let the trader give up : we are stepping up and tuning better the psy/"spirituality". Feel free to argue. Disclaimer : I do not coach for money, just a way to give back, as I believe in coaching.
I was profitable for over a year $700 turned into just over $10,000 at the high before losing the plot sadly. Pyschology isnt the issue, its a method that fits the current news led crazy market conditions which are crazy extreme, what with Trumpy and NKorea trading blows, the stupidity of brexit. New method 100% win rate so far in 3weeks, so looking good, sadly only 1 trade lol Main issue too damn busy, running a business, riding bikes, kids, falling apart ex's, womanising, why trying to go more intraday swing longer holds.