What Does it Take to Make it Big?

volente_00 · Nov 28, 2006

A little bit of money, a whole lot of heart and the confidence to believe in yourself when things look their worst.

eagle488 · Nov 28, 2006

All you need is a bunch of small cap penny stock oil drillers and a cold snap. Now get to work tonight on this. GO GO GO.

ksonsinc · Nov 28, 2006

i would say proper backing $ good mentor and a lot of luck and hard work and at times some losses also which will teach you thing like ( u can never be right ) ( never average down )and always use a stop loss )

bsmeter2 · Nov 28, 2006

Quote from aeliodon:

Do you have to be like Data from StarTrek to make it? Or more like a monk? What does it take? Is it simpler than it seems? Or much more difficult? Does simplicity require hard work to maintain? Is any indicator or indicator combo the holy grail? Or is the holy grail the fact that there is none? Uncertainty and risk is an essential part of the game and embracing it â is that a sign of craziness or down to earth realness? When others say its too dangerous and risky â are you a fool to not listen or brave for it? What is hard work in trading â attached to the screen for 12 hours a day or detached from the action? Do you have to put your faith in a machine or yourself? Or is it all a matter of luck and predestination?
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Lots of staying power. i.e. lots of money

otcstockfund · Nov 28, 2006

3 bong rips a you'll be trading in the zone

5Pillars · Nov 28, 2006

PERSISTENCE, PERSISTENCE, PERSISTENCE!

......and then the proper disciplined execution of the system you have developed will pay you in great rewards.

5Pillars · Nov 28, 2006

Quote from otcstockfund:

3 bong rips a you'll be trading in the zone
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That will only keep you LONG at the HIGH's ......... :eek:

jcmonger · Nov 29, 2006

Quote from aeliodon:

One way to make it big is to go crazy and get lucky - like going all in fully leveraged in GOOG at 90. This beleive it or not is how most people make it - they go all in on one investment.
But I'm talking consistancy - making it big every week like having X amount in losses and 2X+ in gains. No down months.
But does anyone really even ever 'make it'? Do you not have to prove yourself on every single trade? Just like any althlete or artist, you never 'make it' - you have to prove yourself with each performance.
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I think there is a bit of truth to this BUT, I think most people do it through blind luck. The difference is if you can consistently make enough gains to stay in the game until you see the one trade that is going to work (or at least you think is going to work) and then go for the kill. How do you know? I've found that my gut tells me. Deep down I hear something like "holy cow, I've seen this before...this, this and this. I should do this." Happens two or so times a year (if I'm paying attention). The key is to figure out when your gut is talking to you and when you think it's talking to you... Only you can figure that out.
Regards,
J.C.

ElectricSavant · Nov 29, 2006

I believe that consistently, profitable trading requires "Out of the Box" mentality.

If it were easy then you could just do what everybody else does...

What is "Big" by the way?

bali_survivor · Nov 29, 2006

Success is dressed in overals and hard work (Thomas Edison)

Dedication, dedication and nothing more.

Read the biography of Jesse Livermore, Vic Sperandeo. The price that you'll pay for success will be extreemly high But it can be done and has nothing, absolutely nothing to do with luck.

Now, get to study books (ergghh..... read: other peoples failures and then subsequent attempts to "prove" their - often basically flawed - theories) and start filtering out the old wive tales and find those nuggets. It has all been said before.

Maria