What is wrong with this way of thinking?

SimpleTrades · Nov 10, 2011

i see no women putting jewels on the line.
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Perhaps, women aren't good at keeping abreast of the trading issues.

deadbroke · Nov 10, 2011

Quote from NoDoji:

It's possible to generate a six-figure annual income trading a single currency futures contract, and I'm pretty sure the intraday margin to do that is less than $10,000.

Larry Williams turned $10,000 into $1,000,000 in 12 months in a futures trading contest, then 10 years later his teenage daughter did the same thing using his strategies.

This tells us that chances are you're focused on, and trading, a possibility not a plan.

Do you have a detailed written trading plan based on 6-12 months of research and testing, followed by 3-6 months of trading it successfully in a simulated account?

If you do, then you know what your average daily profit is likely to be and how much capital is necessary to achieve it. You'd also know whether a day (or two or more) of losses is normal within the scope of your plan, or whether these losses are the result of violating your rules.

To me, the only reason you'd preface the report of a losing day with "Confession" would be if you didn't have a plan against which to compare your daily results or if you violated your rules.

Since you either don't have a proper trading plan or you're violating your rules, your chance of any sort of success isn't looking too good at this point.

I met a trader who did his year worth of research, study, testing, and simulated practice. When he finally went live he produced a 3000% return in two years on starting capital of $500 trading Forex.

My answer to the title of your thread is "everything is wrong with your way of thinking".
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Foolish man give wife grand piano, wise man give wife upright organ.

SimpleTrades · Nov 10, 2011

Quote from deadbroke:

Foolish man give wife grand piano, wise man give wife upright organ.
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In other words: Less thinking and more fu**ing?

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What is wrong with this way of thinking?

SimpleTrades

deadbroke

SimpleTrades