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Traders with 5-10 years of experience but still not profitable


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Traders with 5-10 years of experience but still not profitable

  #171 (permalink)
goodoboy
Houston
 
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kevinkdog View Post
Good Luck! I hope it works out for you!

Hello Kevin,

Luck and Hope is not needed and no disrespect, I do not want luck or hope, I want results. I do not believe in Luck or Hope.

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  #172 (permalink)
 SpeculatorSeth   is a Vendor
 
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vmodus View Post
Of course you need to be an accredited investor with Dunn and not too many folks have pockets that deep.

They recently changed the rules allowing you to be an accredited investor if you have a series 7, 65, or 82. My plan for spring break is to study for a Series 65. Most funds have a minimum investment amount though.

- SpeculatorSeth
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  #173 (permalink)
 kevinkdog   is a Vendor
 
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goodoboy View Post
Hello Kevin,

Luck and Hope is not needed and no disrespect, I do not want luck or hope, I want results. I do not believe in Luck or Hope.

Just trying to offer you encouragement. "Good Luck" and "I hope you do well" are pretty standard well wishes in the United States.

I won't make that mistake again.

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  #174 (permalink)
goodoboy
Houston
 
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kevinkdog View Post
Just trying to offer you encouragement. "Good Luck" and "I hope you do well" are pretty standard well wishes in the United States.

I won't make that mistake again.

Hello Kevin Davey,

I know you mean well. Sorry if I offended. Thanks for your kind words and support of me and retail traders all these years in the trading industry. Algo traders should be happy for your support.

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  #175 (permalink)
gemini5033
Penang, Malaysia
 
Posts: 2 since Apr 2017
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Personally I know a trader have been trading for 10 years+ by scalping only, in and out fast and made comfortable income enough for normal living.

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  #176 (permalink)
 4tison 
PhuKet Island / Thailand
 
Experience: Advanced
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Great insight!

chipwitch View Post
If it were easy everyone would be doing it... then the market would adapt until it wasn't easy anymore. There's no shortcut, no holy grail and no substitute for just sitting and watching the price and the volume and whatever indicators "speak" to you. If you find that you can't sit in front of a computer screen and just watch the little bars get big and then get small, for months on end and still find it exciting, then you're going to have a tough time of it. All those gurus, if they were that good in predicting the direction of the market and making profit, they wouldn't be selling you books and courses or spending copious hours making videos.

Then there is the very real practice of well-known successful people doing interviews and saying there's no time like the present to buy Bitcoin. Then, while everyone frenzy buys bitcoin, that "expert" is secretly selling. Warren Buffet says, "If you're sitting at a poker table and you don't know who the sucker is, it's you!" Looking for someone to teach you to trade the market properly from a book or a video course is about as likely as someone teaching you brain surgery by the same method.

The market is just an auction. Nothing more. Nothing less. If you want to be a trader, imagine that you want to learn to trade cars by going to auction and buying them to sell for profit. If you have a love for cars, pick something else. I really have no innate love for the S&P 500, but the process of trading is the draw. So whatever hypothetical auction you use in the mental exercise I just suggested, pick something you have no particular affinity for. Now, no one can teach you the value of things. You learn by doing, making mistakes, making fewer mistakes and if you're lucky, occasionally picking up a useful tip here and there from someone willing to share their experience. Even the profiteering gurus can teach you a thing or two... occasionally.

If you're in a rush and don't want to put in the time at the auction I don't know what else to say. If you're in it primarily for the profit and not the process, then yeah.... there aren't any successful traders.


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  #177 (permalink)
goodoboy
Houston
 
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gemini5033 View Post
Personally I know a trader have been trading for 10 years+ by scalping only, in and out fast and made comfortable income enough for normal living.

Thank you for sharing this. Good information.

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  #178 (permalink)
goodoboy
Houston
 
Posts: 380 since Dec 2016
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chipwitch View Post
If it were easy everyone would be doing it... then the market would adapt until it wasn't easy anymore. There's no shortcut, no holy grail and no substitute for just sitting and watching the price and the volume and whatever indicators "speak" to you. If you find that you can't sit in front of a computer screen and just watch the little bars get big and then get small, for months on end and still find it exciting, then you're going to have a tough time of it. All those gurus, if they were that good in predicting the direction of the market and making profit, they wouldn't be selling you books and courses or spending copious hours making videos.

Very good comment chipwitch. I enjoyed your statements and I agree everything you said. Well written.

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  #179 (permalink)
 kevinkdog   is a Vendor
 
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gemini5033 View Post
Personally I know a trader have been trading for 10 years+ by scalping only, in and out fast and made comfortable income enough for normal living.

Can you provide any details? Not how friend trades, but instrument, account size, etc.

A 10+ year successful scalper is sort of like Bigfoot or the Loch Ness Monster - lots of people claim to have seen it, but absolute proof is always just out of reach.

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  #180 (permalink)
goodoboy
Houston
 
Posts: 380 since Dec 2016
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kevinkdog View Post
Can you provide any details? Not how friend trades, but instrument, account size, etc.

A 10+ year successful scalper is sort of like Bigfoot or the Loch Ness Monster - lots of people claim to have seen it, but absolute proof is always just out of reach.

Hello Kevin,

LMFAO HAHAHAHAHAHHAHAHAAH that is funnyyyyyy. But you are right sir.

Good request.

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