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... or just simply demand for rational discourse rather than unsubstantiated claims. I've seen nothing here that rises to the level of "hostility" as the OP has claimed. One would be right to question the discernment of one who sees hostility in this thread. Then again, I'm a little thicker skinned than most.
Your response was exactly what I have seen in the numbers. Other comments claim that I had some inside information on statistics that are public knowledge.
My concern is the new trader. I remember, I was in a bad situation, I got hurt on the job, I looked at trading as a possible alternative and I was a victim of those types of schemes.
I never want anyone to know that worry or fear. My mentor taught me if someone is selling a product they should be willing to open up their trading account and show the record, next how many trading championships have they won and finally are they willing to trade live with real money.
New traders should be made aware that this market has unscrupulous people. A flight to quality is very valuable. People who support their family should be made aware that these things happen in this industry.
I originally joined in 2017. That week I went on vacation and returned to being kicked for no posts by Big Mike. I forgot about my account until I did a recent search.
Being in touch with the SEC as any trader knows is an email. I never said I’m having lunch with them or I’m friends with anyone there.
Lastly I was unprofitable until I got a mentor to teach me how to trade. That’s the reason for the post. I was at a down point in life and extra vulnerable. I don’t want anyone to have to go through what I did. When I see such things I confront them.
I did fail at day trading and have no issues admitting it. I’m successful at swing trading.
Made my first trade in 1982. Been supporting my self exclusively from trading since 2005. So, assuming I qualify as a serious trader, I must confess I have no idea what this means.
You may have simply generalized too much from your own experience. It is true that trading is hard and that most traders of any sort don't make it. This applies to swing traders, by the way.
Some do and some don't. Congratulations if you have found something that works for you. It may not be the only thing that can work for anyone.
This is a forum of people who share and who want to learn and to support others. It works out much better that way. I do not doubt your intentions, but your post has mainly been polarizing -- arousing opposition, basically because you have said that your way works, and other ways don't. But everyone here, yourself included, has their own unique way of trading, or approaching trading, or learning trading, or often enough, having trouble and losing at trading. And also, in our different ways, we're all dealing with the same things, and there is a common ground that allows communication and exchange of ideas.
There's really nothing wrong with anything you've written, but it's essentially going nowhere. You say something like "you have to do x", and then someone says "no, I don't," and there is no value found in that interchange, because everything stops. Assertion and counter-assertion, then no place to go from there.
If you want to show some charts, discuss some trades, talk about either general or specific trading topics, or about the current markets, or about strategy or tactics, or anything else that adds to the conversation, that would be fine. That is what the forum is about and what excites interest and an exchange of ideas. If you just want to tell people they are wrong, well OK, you've done that. Now what else have you got to say?
I don't mean to be critical. But there will be a lot more interest in what you have to say if what you do is more contributory. If you want to go into the benefits of swing trading, or just how to do it, for instance, and can be more concrete, that could be a contribution. Or in any other way get into talking about trading as you see it, not spend time telling others they are wrong with how they see it. You might even help someone.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
It was. It’s not just my trading, I’m a retired blue collar working man, I still keep in touch with him. Through him I was introduced to what gold standard is. I met quality people. Not meeting face to face but meeting through what they do all top shelf traders. If you ever wondered are they worth the price. I would say absolutely. It’s not just trading either, learning to trade and being profitable is only one facet of finance and truthfully it’s about 10 miles wide but it’s only 4 inches thick. Structuring a LLC and so many more things that go with trading as a business.
The sooner you learn it the easier it is on the mind. I worked while trading. That was the biggest mistake I ever made. I retired after over 30 years and I was a profitable trader but the mindset is different. I ran my pension numbers 100s of times and every time they worked and I still had panic attacks.
If you can trade and your born with; it teach someone. If you’re not born with it get a mentor. It’s not just trading it’s a completely different mindset. That’s what a mentor does. At least that’s my experience. I’m sure there’s some bad ones out there.
Make sure: you can see the account they trade with the broker’s statement.
Ask how many trading championships have they won?
Will you trade in real time in front of me?
“Millionaires are the guardians of the poor.” Andrew Carnegie
If I were a mentor to someone. The most important thing I can share with you is that in this industry there are good people and unscrupulous people. Never believe someone on their word. Get verifiable proof, if something is a bit it’s gone at midnight sale let it go, see if you get an email in the morning saying I would hate to see you miss out on this. Make sure whoever you get is an expert and can replicate results at any time.
