With all that sweating sounds like he was doing a few lines. Your suppose to learn from paper traders, develop a strategy, why was was he sweating. In addition PC's dont get hot from trading, gaming yeah but not trading. Your whole story seems SUSPECT.
I still aspire to someday be able to make a living out of the stockmarket. Not quite there yet. I have managed to control my losses and I think that is one of the keys to successful trading. Trade selection probably is another thing I need to work on. My goals are modest. Just to be able to make a living from the markets to pay bills and other financial obligations. Someone mentioned that there will be bad times and to salt away monies when the trading is good. That is a pretty good advise. The inspiration we get from the best traders out there certainly will inspire the rest of us to persevere to reach our goals. Thank you everyone for your helpful suggestions and advise.
How can this thread be among the all-time best? I never understood people who extol trading as a replacement for some kind of wage-earning job that pays their bills. I admit that my inability to connect with such people sometimes leads me to question whether or not they know what they're talking about. For me, the "job" of trading is to grow the account. Period! My advice is to forget about trading for a living. If you want to trade full-time, be sure your living expenses are already squirreled away in a separate account or you have another source of income that takes care of them. Otherwise you are just part of the Scared Money. It's also a good idea to sweep excess capital from your accounts. I stopped parking money in brokerage accounts years ago and totally lucked out in dodging the PFG fiasco where I had kept a small amount for years in case I wanted to enter their trading contest. At any rate, I recommend replacing this thread in the Hall of Fame with the Stochastic Indicator thread which in my opinion really is one of the all time best. A thread such as this belongs in the Newbie FAQ Lobby.
after 5 years of research ,finally it's near one year that i'm consistently making money and it's my full time and only income. although this 5 years was the worst times of my life,i learnt patience and self control. i understand the importance of psychological aspects but i don't know why a lot of people underestimate the importance of an edge or a system. i sacrificed my time , my money and my 5 years ... although achieving a consistent system was hard- so hard that i can not express it,but the more tough issue was my nationality. i'm Iranian and due to rigid sanctions opening trading account/ transaction was impossible . by decreasing Iran national currency by 400% in only 3 months ,all of my hope was ruined... i had also big issues with internet speed ,here any real high speed internet is forbidden due to rigid censorship ,now my every click on remote trading server has near 10 seconds delay . i trade in behalf of another person account and every month i fly two way 16 hours duration for getting my income in cash after deductions.(any banking transaction to Iran is impossible) i'm siting in front of charts 15 hours a day and i'm increasing my balance each month and my hope is only one thing : be in a country with a standard internet and having a banking account without fear of getting frozen due to stupid nationality ...
Trading is an aggressive mode of investing. Learn proper investiing first, which is easier. The number one rule of investing is preservation of capital. As you get into aggressive modes, your defense becomes your offense. If you know investing, you won't have to come to chat forums ask randomly how to trade.
I'd guess when things were tough, you were pulling in more than 15hours/day. So basically that's at least 18 000 hours of intensive screen-time.