yeah, this market is tougher now, but you have to adapt to changing conditions- there is still money to be made EVERYDAY!! there will always be opportunities to profit in the market- you just have to work harder at finding them now. successful traders don't complain about how tough it is, they become more determined to find winning ways, they put in more work and have more focus. the market will always weed out the weak- you just have to decide if you will be strong and survive. so, heres my advice- don't whine like a bitch- trade like a man.
what a bunch of loser weenie whinies......just because you cant hack the market these months..you BLAME the market...wow!! this is as good as it gets.....
its simply the ability to adapt to chnging conditions and losing less as you learn to adapt....the more skillful you are..the lesser time it takes.....to be back into rhythm....
It's about time someone on these boards told another trading to stop whining and work Harder!!!! Lets face it, trading is not easy, but the real traders who will be around and understand their job is to make a living do it for the challenge..... and constantly push themselves to improve. The wannabes will always be blaming the market for lack of opportunity or something else. Pete
I would love to see the P&L of traders who come out here talking about all the available money in trading stocks right now. I have noticed many of these traders are newer traders. For the record though I don't count making $100 or $200 a day as being wildly successful. Yes it is nice to pull money out of the market when many people are not but how many traders got into trading to just get by paying the bills especially with all the risk associated with it -- having blow up months, no insurance, no retirement, ect. To compensate for this opportunity cost shouldn't you be making at least $500-$1000 a day? That being said I do agree that many traders on here and in many offices have a bad mindset as they see all their edges and the edges of those around them disappear. The bitchslaping starts to break many people down mentally making it even harder to trade when you go in with a negative mindset. I know it has effected me lately.
There is money to be made every single week. Not always every day, but there is always a day or two every week that you can score nicely on. Patience is definatly a lot more important than it used to be. You can look at stocks like SNDK, AMCC, LRCX etc today though, all had very clear setups, they are heavily traded issue and widely followed. Brandon
I see way too many people trade like drunks in a bar and think that every girl is pretty who talks to them. Its not true though, some of them are ugly, some of them will give you the clap - some are both ugly and they will give you the clap ( I see a lot of people trading the uglies with the clap...sad). Everything that moves is not for you to trade, but a lot of people still think so. Thats a huge problem. Brandon