A year in. Lessons Learnt, Fingers Burnt

This is a discussion on A year in. Lessons Learnt, Fingers Burnt within the First Steps forums, part of the Reception category; Brrrr.....stories like this put me back.... in even wanting to try out to join thi stock thingies battle! I read ...

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Old Nov 13, 2012, 1:58pm   #31
 
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Joined Jul 2012
Re: A year in. Lessons Learnt, Fingers Burnt

Brrrr.....stories like this put me back.... in even wanting to try out to join thi stock thingies battle! I read this post about couple month ago and I though on this all the time.

I hate things that are not controllable! And looks like stock market is exactly this piece of cake: - even with proper education, funds, passion, time, energy and brains - there is no success!

You saying - there could be success though! But the word could sounds terrible!....Brrrr....for me still

Cheers to all!

Last edited by Jungle13; Nov 13, 2012 at 6:49pm.
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Old Nov 13, 2012, 5:34pm   #32
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Re: A year in. Lessons Learnt, Fingers Burnt

Thanks for posting. It's an experience most seem to go through
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Old Nov 13, 2012, 9:08pm   #33
 
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Re: A year in. Lessons Learnt, Fingers Burnt

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Originally Posted by Jungle13 View Post
I hate things that are not controllable! And looks like stock market is exactly this piece of cake: - even with proper education, funds, passion, time, energy and brains - there is no success!

Cheers to all!
You have it all wrong, your mindset is negative. The markets are controllable if you have enough money you can make them go where YOU want them too, failing to have enough cash YOU maybe not so much can control the markets but you can control your trade and that is what trading is about for the retailer. It's called 'trade management'.

You say "there is no success", that's so wrong it's funny and how can you back that up when it sounds like you have not even traded I must mention this to my clients and watch for their humorous reactions especially one of my clients who is currently trading while on his second vacation in China in as many months...

There is just so many products to trade with(FX, CFDs, Shares, Options), each person needs to find something that suits their personality and become competent in it and put as many favours as you can on your side of the trade.

Trading: It's not a game, it's a business.
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Old Nov 13, 2012, 9:40pm   #34
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Re: A year in. Lessons Learnt, Fingers Burnt

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Trading: It's not a game, it's a business.
Yes, casino is a business too.
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Old Nov 13, 2012, 10:28pm   #35
 
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Re: A year in. Lessons Learnt, Fingers Burnt

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Yes, casino is a business too.
Is there a point to your post apart from you gaining another post count?
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Old Nov 18, 2012, 9:41am   #36
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Re: A year in. Lessons Learnt, Fingers Burnt

I bookmarked this thread in the hope that I might learn something.

Big mistake.

It reminds me of Comfort Cafè.

I took an apprenticeship and learned enough of my profession in four years to make my living but I was, still, learning to the end. It's called experience. I'm retired, now, and trade as a pastime. I'm not worried about making income from it or losing, paricularly, because I have enough sense to realise that this is a very dangerous occupation to be in, if the stakes are too high. I do not think that I will ever get rich by doing this. All I hope for is to find a trading method that convinces me enough to increase my stake. Then, I might write a book,

It has not happened, yet.

Young people should leave this and learn a trade or profession. Trading one's own capital with a family to bring up only brings an additional worry of trying to pay the mortgage.

After decades of trading, Livermore ended up by shooting himself and, yet, his book is considered to be an "must" for up and coming traders.
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