As the title says, why is trading such a personal thing? One trader can think it's easy as cake, another trader for the life if him will never be able to do it. I'm still trying to get the hang of it even after all these years. It feels like you get it, then there's always a degree of uncertainty, doubt.
Very good thread - reason being, most want to talk about the "how", and not the "why". There will always be uncertainty when trading, as it is impossible to predict what will happen next - no matter how good you get at "reading" the market. So, if there is always uncertainty when trading, what should one do if one decides to partake in the "most exciting endeavor" J_S
In the older times, people blamed God, demons, faeries, spirits along with a bunch of other superstition why things happen the way they do, and eachother. Today we blame the society, education system, the markets and eachother. Generally, people are very bad at reading probabilities and respecting them. We tend to think there are special rules for us, and should by default be given the keys to the city and the universe, just because we hope to be successful. Nothing wrong with desires for success. But how many times do we desire to improve ourselves? To really appreciate our path, no matter how "long" we believe it has taken us thus far? To churn and strive to uplift ourself and others despite unavoidable setbacks? Instead, we are enamored with illusions and cling to lies for dear life. How do you know there are so many successful traders out there, or what the face of success looks like? If it's so "easy" for some, why don't they print money from the markets cornering the whole markets over time? Can we feel grateful for failing, will our greed allow us that much?
Many still believe that God doesn't play dice. And that it's stupid to switch door at the Monty Hall. Practice make things easy. You're not born bad at math. Anyone can solve problem easily with tons of deliberate practice. However there are creative destructions as well as things we can't learn. The first piece to learn is to embrace errors & uncertainty. Be bold & Work Smart.
There is an old saying as follows..everyone gets exactly what they deserve! How you interpret this saying will determine what way you act - the wrong way will yield the wrong results, and the right way, will yield the right results. The difference is in the thought process - plain and simple, just like YOU J_S
If you win, or lose, then it is entirely your own fault - an idiot looks to blame others for things that happens to him/her! There is a reason for every single thing that happens - so, even if a crazy maniac decided to shoot you tonight when you venture out for a drink, the reason you died is because you ventured out for a drink "tonight". When trading, the more chances you take, the more money you can lose - if you do not know what your odds of making $$ are, then you are nothing more than a monkey swinging around in the high trees, and it is only a matter of time before the branch gives way and you will fall down real hard on your hairy arse! J_S
Good traders aren't born. They're made. Greed is the biggest reason why many feel trading is hard. Good traders know that you win some, you lose some. This is a business. Not a sprint. Certainly not a lottery. I don't use phrases like "play the market" since this isn't a game to me. Not a casino. It's a job and it's a living. After years I've realized that the best thing I can do is make an educated speculation. There is no crystal ball. And beware those who start blogs claiming to have turned $1k into $1M. They're con artists selling you a course.
I've been at this for a number of years and I don't know anyone who would call trading "easy". Trading like all complex and demanding endeavors requires considerable effort and determination. And like such endeavors, medicine, law, music, martial arts etc. provides a way to function at higher levels. Most of us mortals have to develop higher measures of focus, patience, discipline and courage to do this for a living. Both the self elevation and the opportunity to make a good living on one's own terms make the effort worth while, but it ain't easy.
That line of reasoning is total bullocks. So equally when a woman gets raped then it is because she went out? You keep on mixing up completely unrelated concepts. Your points re odds in trading make sense but all else does not but instead weakens your argument
I'm hoping this thread doesn't get blocked. I wanted to extract some value before things got interesting.