Why do newbies lose?

Discussion in 'Trading' started by ninZa.co, Sep 15, 2023.

  1. ironchef

    ironchef

    @hilmy83 it is off topic, but how is your auto-computer-trade project doing?

    Not questioning, just an interested party because that has always been my day dream project.
     
    #141     Sep 18, 2023
  2. hilmy83

    hilmy83

    It's problem after problem. Strategy itself is great though..so far
     
    #142     Sep 18, 2023
    ironchef likes this.
  3. ironchef

    ironchef

    Agree with a small qualifier:

    Read up on the general inviolate principles of day trading is necessary otherwise the time of "experience is ones ONLY teacher" will be a very long one.

    If @SimpleMeLike is indeed no a profitable day trader, that makes two of us here. But like @padutrader I am about to "breakout".
     
    #143     Sep 18, 2023
    SimpleMeLike likes this.
  4. ironchef

    ironchef

    Don't give up. I am rooting for you.
     
    #144     Sep 18, 2023
    hilmy83 likes this.
  5. Good Evening hilmy83,

    Sounds good to me, sure. I will making a new thread just to show my results when that times comes.
     
    #145     Sep 18, 2023
    TheMordy and hilmy83 like this.
  6. Good Evening Sprout,

    My time and your time is not the same.

    Doing right always take time. Doing wrong always happens fast.
     
    #146     Sep 18, 2023
  7. Good Evening taowave,

    If you commend me on my honesty, then what is the problem you have? Would you be more happier and content if I start lying like all other traders are doing and the lying trading theories for entertainment and sale?

    I am not sure what you are seeking from me. Everything I said, I meant, and I was very simple, per username.
     
    #147     Sep 18, 2023
  8. ironchef

    ironchef

    Thank you for the coaching. I generally agree but here is the thing:

    Every good lier weaves some truths with their lies. You can still learn the truth from a lier if you apply your filter. Some on ET were exposed but I learned something reading their threads.

    1. We are not here to teach you to be a millionaire. A few, like @taowave are willing to coach a little. I fondly remember others, like @sle, @Maverick74, @drcha... but they are no longer active.

    2. No one on ET will share their secret source. But you don't want their secret source because it won't work for you. You want to learn their general approach, which most are willing to share. You use it to develop your own secret source. That was how I developed my option trades.

    3. There are quite a few millionaire traders on ET:
    Some are here to brag
    Some for entertainment
    Some for companionship
    Some to pass time between trading.....

    Like the other poster said, this is a journey we have to travel on our own, no one can do it for us.

    Best wishes.
     
    #148     Sep 18, 2023
    SimpleMeLike and Laissez Faire like this.
  9. The topic could just as easily be, "Why do intermediate or experienced traders lose?".
     
    #149     Sep 19, 2023
    SimpleMeLike likes this.
  10. Have to agree.

    Wont read a book but sniffs around here hoping for 'the secret' to be revealed.
     
    #150     Sep 19, 2023
    Darc likes this.