there are a bushel of traders who make even more than that, know that.
but what i like to ask you is--do you know anything about any trader who makes that much or more?
more specifically, what do these profitable traders do; before, during and after trading?
if you know some of the answers to the above questions, then perhaps you too would be able to emulate them, assimilate what and how they actually trade, perhap at the end become just like them or perhaps even a much better trader yourself?
more specifically, there are tons of free stuff on board to help anyone desiring to become a good trader. but the most important element is you.
how you wish to remold yourself to possess those profitable characteristics belonging exclusively to profitable and consistent traders, just how bad do you personally wish that for yourself and your family?
best of luck. and do not give up too easily. the road is not easy but it is far from impossible, K? a trading friend.
The following user says Thank You to nakachalet for this post:
Thank you Mike and all for what feels to be a site contributed to by authentic and kindhearted folk. I have been studying trading for a year now in demo and have not gone live yet. Looking forward to putting the last pieces of the puzzle together with information that you have made available. Thanks. Love, Light and Life to all of you. Brendan.
Education is never wasted if you learn. Taking courses and not learning is a waste. The challenge then becomes to become truly aware of what you learn and/or why you aren't learning. (I do agree, however, that you can pay too much for any given course.)
We are often told to keep a trading journal. I think it is an interesting idea to keep a learning journal and formally keep track of your learnings and no-learnings. It is probably safe to say that surgeons in school keep all sorts of notes about what they do.
(Note: I have been adding my learnings into my Trading Plan whenever I learn something but I have not been disciplined enough to: 1) always do it; 2) review my learnings at least once a week.
I am amazed at how many times I see this question (ie. does anyone make any money. I keep losing.). The answer is both simple and not. Sure - for every time you lose, somebody is winning. The problem is that for every 9 losers there may be only 1 winner. That one 'smart' guy is taking from every 9 'not-smart' guys.
The challenge is to become the 'smart' guy. It's going to take long, hard, disciplined work.
shadow trading is another form of The Holy Grail. Trading companies are good for the education however you will find that all the information they sell you is available for free.
With that said you cannot put a price on education. So don't feel duped if some trading company took you for 10k.
I Joined futures.io (formerly BMT) because of the repeated threads I saw online.. Every time I performed a search for something related to trading... there was Big Mike.
Hey-o everyone! Names Dino, Very pumped to have a community like this at my fingertips and look forward to learning everything I can. I'm new to trading and have been reluctant to ditch the demos for months in fear of getting stranded and eaten alive. I plan on getting my beak wet this week and couldnt of stumbled upon this site at a better time. See you all in the threads and "thank you" in advanced.
The following user says Thank You to Dinoman10 for this post:
Just starting to get really serious about trading after about a year of very steep learning curves and cramming everything I can find to do with trading.
I'm starting to make more winning \ breakeven trades than losing ones and the losers usually go into profit before turning around and making a loss....usually.
So, I've leaned a bit about trading, now I'm trying to learn a bit about *how* to trade (which it turns out, is the difficult part). If that makes any sense...
I'm also trading very small position sizes by spreadbetting instead of demo trading while I learn this craft with the intention of scaling up when I become consistently profitable, but the principals are the same.
I've skimmed about on the forums, it's good to see positive, constructive replies and attitudes rather than the negativity you see in other popular forums.
I hope I can make a good contribution..
The following user says Thank You to StayOnTarget for this post: