i know who you are and where you live. so that you know, i've just provided this information to relevant authorities Varima Garch
Of course it is if you do not know what you are doing-same goes for everything else in life as well. The study is about as much use as the pitchfork used to dig a hole in the sand. If everyone was to listen to those who know nothing about what they talk-then the world would be a sad place indeed. It is a pity you do not practice what your nick implies-as it is obvious from your posts that you do not. The General
What another silly statement. If you trade the right way you win-the wrong way and you lose. Of course it is normal for the majority of people not to take the money-that is why the majority are so stupid and will never become successful traders. The few that went up to the man and asked him for the free money-which they got by the way-are like the few traders who can make money trading. It is not what you think that matters most-but what you actually do. The General
It is exactly the reply one can expect from you-and your like. I am ignorant for what I need to be ignorant for-I take it that you know what ignorance really means? The General
General, why do you spend your time posting all this? I can't find any real insights in your many posts. It's just banalities and diatribe mixed with oddball metaphors and invalid similies. The original poster put up for debate if these boards are bad for a career trader. We only need this thread to answer with a loud YES! Reading statements such as this can't be good for anyone: "Most will go for the wrong way-as this is the easiest way-few will go for the right way-as this is the hardest-and even fewer will learn the best way-which is the right way but not the only right way." Seriously, man, try reading it out loud to yourself without the special clarity of vision offered by half a gallon of vodka. I dare you! Then ask yourself what you're actually trying to achieve. Godspeed, Smurf
its not really surprising that most traders fail isn't it ? I think (and I am confirmed in that view by looking around in this forum) that people who try to daytrade are in average not very smart people because in a lot of cases they may have failed to get a "real" job. There are only few people who could also get a well paid job elsewhere with more than 200k per year but have decided to trade because either they like to do it or they earn more money there. But anyway... If it is true, that 95% commit money to the market it should be also obvious, that (since the money does not evaporate) there are some people out there, who catch that money. True ? Of course you could assume, that all daytraders commit their money to the swingtraders but I don't think the statistics in swingtrading is much better than that in daytrading. People who fail in daytrading will also fail in swingtrading. So bottom line is that there ARE net winners in this game, even if the %tage might be very small.
It really isn't. As you suggest, it's very straightforward. Trading is very difficult. It requires a certain intelligence and some personal qualities you have to develop that just don't come easy to people. I don't think trading is special. Most people fail at difficult things. End of story. For some reason, boards like these are filled with prophets and medicine men who write thousands of posts filled with inanities. They have seen the light, but they seem forever incapabæle of putting cogent arguments together. The truth is not shrouded in mystery. You don't have to study under a wise man in Himalaya for years while meditating waist-deep in the Ganges each morning to approach the answer. Trading is hard and people are generally under-capitalised and too optimistic on their own behalf and that's that. Reading the drunken nonsense from people like Jack H. or the General in this thread alone makes your mind melt and your soul scream in pain and that surely doesn't help. It just adds to the myth that trading is hard. Do you think engineers or doctors resort to the mysticism of the two aforementioned gentlemen about the present and the future and <insert semi-coherent rambling> that we have witnessed here when they discuss their professions? I'm fortunate enough to work with highly capable IT people, and never have any of them subjected me to peyote-induced chatter you read here. Cheers, Smurf
The title of the thread is absolutely true. Been limiting the exposure to all the malcontents over here that are always short.
hairdresser, dude, you not only make posts that go "the market is going up. I think the market should go up more. Ha ha shorts!", you actually make threads that say the same. It doesn't get much dumber than that. You don't offer arguments, only words. I seriosuly don't think the content of ET is below your level. Cheers, Smurf