Thanks, very much appreciated.
Is there are a reason for posting something like that other than having one more number on your post counter?
The fate of a trader
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Thanks, very much appreciated.
Is there are a reason for posting something like that other than having one more number on your post counter?
rawrschach
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'Tis but the truth. =o
I have just tried to add you to my ignore list only to find out that you're admin/moderator
... Ain't life amusing...
gamma
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I have just tried to add you to my ignore list only to find out that you're admin/moderator
Hi Moreinfo,
Let me apologie on behalf of t2w
There are a lot of losers on this site who need to get a life
Don't let that put you off.
The Darnarm thread is dead but if you do a search for phil you will find his thread.
Thank you!
nunrgguy
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I think it's this one they're alluding to
http://www.trade2win.com/boards/for...55-phil-newtons-range-break-out-strategy.html
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I didn't know whether Phil was a member of the forum or person who developed the strategy.
I'm lurking on the forum for the last 2 days and I knew that there are members who are willing to help.
Just starting to learn about trading and discovering slowly what I got myself into.
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Hi there - don't be so negative.
For example take futures. -- These actually gurantee some protection to the end producer e.g the farmer against harvest / crop failure, natural disaster such as floods, drought etc etc.
They also guarantee some price stability for the end consumer --- just imagine going in to TESCO or WALMART where the prices could change hugely from HOUR TO HOUR.
Note also that companies only exist on the various exchanges since they NEED capital -- so they issue shares.
Without traders where would they get their finance from -- the Banks !!! well we all know how much DAMAGE these particular institutions have done recently so we can leave that area well alone.
I can't see whats bad about trading -- do you want to get up during the week, suffer an expensive and excruciatingly uncomfortable commute to a job which you don't really like,
be ordered around by a boss you can't really respect or you think is a first class idiot, and have to wait for SOMEONE ELSE to take decisions.
With trading you can essentially control YOUR OWN destiny -- from home too and you actually ARE helping the economy too.
Don't get TOO involved with spurious issues if you want to trade successfully. If you really don't like say Tobacco or the Defence Industry then don't trade in these stocks but when trading -- whatever instruments you use -- just concentrate on the trade -- nothing else.
Make some sort of plan whether its day trading or other -- I trade OPTIONS -- and STICK TO IT so you have plenty of time to do other things.
If you are a professional trader in a large organisation then you probably aren't reading these forums anyway -- I suspect a lot here are "Home" type traders or people who do it for a few hours a week as a (hopefully very profitable) hobby.
Cheers
jimbo
kimo'sabby
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In 1870, William Worthington Fowler wrote:
When once a man has fairly committed himself to speculation, his imagination soon grows to lend a hideous fascination to the objects of his pursuit. An evil genius seems to hold possession of him. He takes no note of time, save as an interval between his gains and losses; the thrill of the one and the pain of the other, grow duller as the years wear away, until at length he becomes the optimum eater of finance, living in a world peopled by phantoms which haunt his waking hours, and flit through his dreams. The unsubstantial pageant vanishes as the alarm bell of his ruin peals out, and he awakens to the desolation of reality.
The story of the whole shifting tribe of operators is little else than a dreary catalogue of losses - losses, not of money alone, but of health, character, heart and life.
...and on that note...
When once a man has fairly committed himself to speculation, his imagination soon grows to lend a hideous fascination to the objects of his pursuit. An evil genius seems to hold possession of him. He takes no note of time, save as an interval between his gains and losses; the thrill of the one and the pain of the other, grow duller as the years wear away, until at length he becomes the optimum eater of finance, living in a world peopled by phantoms which haunt his waking hours, and flit through his dreams. The unsubstantial pageant vanishes as the alarm bell of his ruin peals out, and he awakens to the desolation of reality.
The story of the whole shifting tribe of operators is little else than a dreary catalogue of losses - losses, not of money alone, but of health, character, heart and life.
...and on that note...
BeginnerJoe
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Have you been to lidl's ? Their prices double and half from day to day. It's more exciting than the casino.
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arabianights
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I have just tried to add you to my ignore list only to find out that you're admin/moderator
You will find it one of the best posts on the site
Nikhil Dogra
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I trade in Indian Markets & i can share my fate here , i am only 23 & for the past 3 years i have been trading 5 days a week 16 hours a day both Stocks & Commodities full-time on my own. My trading a/c has been in draw down from the past 3 years , i manage to loose -40% & recover and go up 10-15% before going on repeating this cycle again & again as i entered the game live without any backtests or strategy . All this roller coaster ride has took a toll on my health , i am already a patient of Blood Pressure & not to mention out of touch with friends, relatives etc. It seems only thing that's on my mind, in my sleep is market! Yes i now have rules to trade but the price at which they have come at are huge in terms of stress,anxiety,sleepless nights and many small sacrifices like not going on family trips, vacations etc.
scose-no-doubt
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F*ckin 'ell Joe's been around for donkey's, innit?
rawrschach
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trading 16h a day is idiotic.
wackypete2
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DionysusToast
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Wasn't it Dante that said he sleeps by his trading PC, dreams about trading and gets up in the middle of the night to check trades?
You can't do ANYTHING well for 16 hours a day (well, except loaf around). You can have the odd day where you work that long but it is not sustainable. It ends up being quantity over quality.
It is a health thing. Sleep, rest & relaxation are as essential as time in front of the markets IMO.
counter_violent
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Nikhil Dogra
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On weekends i study about markets for couple of hour as well i think avg 10 hours i am a cmt 2 level candidate so i mostly read its curriculum & famous books which everyone keeps on praising!
Yes i also feel 16h a day is just to much & trading like i did was the result of my wild swings in a/c. Now after going through this forum i had made significant changes 3 months ago. Now i don't "sit" in front of screen that much i trade 90% of the time either MCX Crude Oil or MCX Copper exclusively & i just come to screen on my observed timezones when something usually happens & put on trade otherwise [since last 3 months] i just observe on my charting package & switch off trading platform so i am not tempted to do anything stupid as i am a discretionary trader although i use system for signals but putting on or not is upto me according to my feel. I do catch Tops & Bottoms when i not trading & when i am trading i catch Tops & Bottom only difference is I am long at top & short at exact bottom ,learning to take loss is the toughest thing but i am better at taking it now than a year ago though. One of the problem is trading from home that there is no contact from other traders. I do know India's "top " analysts BUT they are analysts and not trader! i am the best analyst one can find in India but a consistent trader ..... i don't think so
Yes i also feel 16h a day is just to much & trading like i did was the result of my wild swings in a/c. Now after going through this forum i had made significant changes 3 months ago. Now i don't "sit" in front of screen that much i trade 90% of the time either MCX Crude Oil or MCX Copper exclusively & i just come to screen on my observed timezones when something usually happens & put on trade otherwise [since last 3 months] i just observe on my charting package & switch off trading platform so i am not tempted to do anything stupid as i am a discretionary trader although i use system for signals but putting on or not is upto me according to my feel. I do catch Tops & Bottoms when i not trading & when i am trading i catch Tops & Bottom only difference is I am long at top & short at exact bottom ,learning to take loss is the toughest thing but i am better at taking it now than a year ago though. One of the problem is trading from home that there is no contact from other traders. I do know India's "top " analysts BUT they are analysts and not trader! i am the best analyst one can find in India but a consistent trader ..... i don't think so
scose-no-doubt
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Wasn't it Dante that said he sleeps by his trading PC, dreams about trading and gets up in the middle of the night to check trades?
Yeh it was him... reads too much Livermore that one.
Remember he started trading wheat?
I miss the old days
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