Has anyone gone to a trading school? I don't mean a free seminar put out by a broker that showcases their product but a real onsite school where you pay a few grand. I'd be interested in hearing your experiences... Thanks!
Welcome to the club! This is true for everyone ... so what you have to do is analyze all of your trades, looking at money management, maximum stop loss - and the impact it has on your bottom-line, the maximum, average and minimum that a trade will tend to go in your direction before turning around, etc., etc. Keep good notes. Doing so will eventually lead you to being profitable. It really is just a business, in many respects, like any and every single other. *** Plentry of resources around here, don't hesitate to use them. Best Regards, JJ
The biggest problem (biggest not the only one) unsuccessful traders got (read 90% of the people here) is that they got a really hard time taking and accepting their small losses. Bad trade, small loss, big deal, move on.. They should get a tattoo based on the above example
There are five parts to this game. Discipline, research, experience, patience and the money to hold you through until you get it right, if you ever do. Just in experience you will need a few years worth.
OK I see a good bet, Give me 8.5 for 1 on this guy to succeed (would 1.5-2years be enough?), and I will take the bet. I am offering better than average odds. (This is assumed that he has decent capitalization, and I will not bet big. I am not much of a gambler.)