What are the most valuable lessons you have learned?

Discussion in 'Trading' started by HuntingBenjamins, Jul 28, 2023.

  1. ironchef

    ironchef

    My guess is you are a vol trader?

    For me I am going back to try day trading.
     
    #51     Jul 30, 2023
  2. Sergio123

    Sergio123

    You don't try to guess the exact bottom. You just know that it's going to get better in the future after things have calmed down, and everyone is paying attention to something else. We had a regional banking failure crisis followed by a big AI boom. Imagine that.
     
    #52     Jul 30, 2023
  3. hilmy83

    hilmy83

    What's a vol trader exactly? Volatility or volume based?

    Am I a vol trader if I only trade at around the open and the only way I can make money is if range expands from volatility?
     
    #53     Jul 30, 2023
  4. newwurldmn

    newwurldmn

    Options traders.
     
    #54     Jul 31, 2023
  5. Create a trading journal for a few years. Study your stats and focus on what makes you money and throw away strategy based on your stats that make you no money.
     
    #55     Jul 31, 2023
  6. rb7

    rb7

    Nice try, but some stats and sources should confirm your claims.
    I'm not saying you're wrong, but opinions and facts are 2 different things.
     
    #56     Jul 31, 2023
    SunTrader likes this.
  7. only your stats will tell you if you are right or wrong and no one else. listen to what your stats is telling you.
     
    #57     Jul 31, 2023
  8. newwurldmn

    newwurldmn

    Aside from your patronizing tone:

    I will rephrase. I know many people on here who have earned north of 10mm trading vol. I haven’t met one person who has done it another way.

    Maybe it’s the circles I run in.
     
    #58     Jul 31, 2023
  9. SunTrader

    SunTrader

    Yup, I know a gut who knows a guy is not umm exactly rigorous irrefutable proof. :thumbsup:
     
    #59     Jul 31, 2023
  10. Sergio123

    Sergio123

    Yesterday was even nastier than July 20th. It's one thing to know all about options theory, and another thing to keep a level head and execute your strategy under pain and pressure. You are at a major disadvantage if you don't know how to roll and make smart adjustments and most importantly be protected.

    Most people are long, but no amount of chart studying and technical analysis would have saved you yesterday.
     
    #60     Aug 3, 2023
    murray t turtle likes this.