Here guys,
I found this very interesting article, where I suppressed some passages and modified some words. I did it in word, and there the italics work, but not here. I attach the .doc file so if you want you can get a clue from where I changed the original words.
So the question is: what game is it?
In a post to come I'll give you the original complete article which I found very informative.
Good trading to you all,
Silvia.
World's Greatest Job
For the last two decades, I've lived what many would consider the American dream, earning big bucks while working only part-time. My profession? Trader. ……… I chose this unusual line of work for only one reason -- to make money. Easy money. And I succeeded, becoming one of the top traders in the country.
How did I win in a game where everyone is expected to lose? Or more importantly, is it possible for a reader like you to follow in my footsteps and routinely withdraw money from the market? Contrary to what some people believe, you don't need to be a mathematical genius or play on some highly capitalized account to become the predator instead of the prey…. I'll show how my career refutes these two common misconceptions and how discipline, drive, and persistence were the ticket to my success. These qualities ultimately separate the few who actually make a living at trading from those who frequent the glitzy temples of chance only to help pay the light bill.
The typical Hollywood myth portrays professional traders as walking databanks …….. The truth is that anyone with an average aptitude can learn to trade and become a winning player. I do possess an exceptional memory, but my main strength was a dogged tenaciousness. I read everything by gifted traders who came before me: brilliant men like Livermore and Gann. I absorbed their advice and refined it, extracting every last ounce of theoretical edge traders can gain over the market. Then, before ever opening a trading account, I disciplined myself to play like a machine, honing my skills with over a hundred practice hours at home papertrading, drilling relentlessly until all decisions and calculations became as natural as breathing…...
Confident of my skills, I attacked any market that offered good opportunities, but I quickly realized that playing against one market was the easiest way to beat the game...I disciplined myself to put my money only for the strongest trades, which meant that many days, I spent more time watching the screen, in search of ideal conditions, than trading.
………………….
Many view trading as the ideal lifestyle since it combines high profits with the ultimate in flexible hours (as you have the freedom to choose any market around the world). These people gravitate to trading because they want the kind of job where in the morning, when everyone else rolls out of bed, they just roll over. However, trading …. is anything but easy and is not for the faint of heart.
My trading career started out rather humbly. On my first trade I tentatively pushed my maximum bet of ten dollars, knowing my entire bankroll was contained in the thin confines of my wallet. I was fortunate enough to win often those first few years, and my capital steadily grew until I amassed a six-figure bankroll. This enabled me to bet up to one thousand a hand in positive situations, which bumped up against the limits at most spreadbetting firms…..
……..
High commissions can also water down the potential return, so many aspiring traders invariably overbet their bankrolls…..…. That fact, combined with traders making mistakes, sends many home broke and crying for mama.
It's easy to daydream about how you're going to win enough on your next trade to buy that new Porsche. But it's a whole different world when you've been through ten draining days of the worst trades imaginable. It takes a person with steel nerves and a tough veneer to remain unaffected by the kaleidoscope of emotions bombarding potential pros when trading.
A professional trader never wins all the time and I expected to come out ahead about two-thirds of the time…. Yet the losing sessions become etched in your memory far longer than the winning days. I vividly remember when …. I'd accumulated a moderate win only to lose twelve grand in the last ten minutes right before I left for my plane.…….
I never tried to reinvent the wheel and only refined techniques developed by earlier traders.... Unlike casino games such as roulette or craps, which have no memory, the past does affect the future in trading. …..
……
………
. Although many of the highly profitable setups have disappeared in the last few years, I've shared my experiences …in this article because the principles for success in trading (or in any other business endeavor) remain the same -- you have to be willing to go the extra mile and work extremely hard to find the best opportunities. For as long as market existed, there have been legal ways to turn the odds and beat it. And even though conditions are deteriorating, I believe the creative and disciplined players will continue to find the markets weaknesses and exploit them.
Very few jobs in the world offer the potential of clearing ten grand by working only one long weekend a month, but it's extremely difficult to actually become a winning trader. I taught myself from a book, but for every successful trader, countless other casualties litter the roadside with empty wallets. To many, my vocation seemed glamorous and "James Bond-like," but in reality it's a damn hard way to make easy money.
I found this very interesting article, where I suppressed some passages and modified some words. I did it in word, and there the italics work, but not here. I attach the .doc file so if you want you can get a clue from where I changed the original words.
So the question is: what game is it?
In a post to come I'll give you the original complete article which I found very informative.
Good trading to you all,
Silvia.
World's Greatest Job
For the last two decades, I've lived what many would consider the American dream, earning big bucks while working only part-time. My profession? Trader. ……… I chose this unusual line of work for only one reason -- to make money. Easy money. And I succeeded, becoming one of the top traders in the country.
How did I win in a game where everyone is expected to lose? Or more importantly, is it possible for a reader like you to follow in my footsteps and routinely withdraw money from the market? Contrary to what some people believe, you don't need to be a mathematical genius or play on some highly capitalized account to become the predator instead of the prey…. I'll show how my career refutes these two common misconceptions and how discipline, drive, and persistence were the ticket to my success. These qualities ultimately separate the few who actually make a living at trading from those who frequent the glitzy temples of chance only to help pay the light bill.
The typical Hollywood myth portrays professional traders as walking databanks …….. The truth is that anyone with an average aptitude can learn to trade and become a winning player. I do possess an exceptional memory, but my main strength was a dogged tenaciousness. I read everything by gifted traders who came before me: brilliant men like Livermore and Gann. I absorbed their advice and refined it, extracting every last ounce of theoretical edge traders can gain over the market. Then, before ever opening a trading account, I disciplined myself to play like a machine, honing my skills with over a hundred practice hours at home papertrading, drilling relentlessly until all decisions and calculations became as natural as breathing…...
Confident of my skills, I attacked any market that offered good opportunities, but I quickly realized that playing against one market was the easiest way to beat the game...I disciplined myself to put my money only for the strongest trades, which meant that many days, I spent more time watching the screen, in search of ideal conditions, than trading.
………………….
Many view trading as the ideal lifestyle since it combines high profits with the ultimate in flexible hours (as you have the freedom to choose any market around the world). These people gravitate to trading because they want the kind of job where in the morning, when everyone else rolls out of bed, they just roll over. However, trading …. is anything but easy and is not for the faint of heart.
My trading career started out rather humbly. On my first trade I tentatively pushed my maximum bet of ten dollars, knowing my entire bankroll was contained in the thin confines of my wallet. I was fortunate enough to win often those first few years, and my capital steadily grew until I amassed a six-figure bankroll. This enabled me to bet up to one thousand a hand in positive situations, which bumped up against the limits at most spreadbetting firms…..
……..
High commissions can also water down the potential return, so many aspiring traders invariably overbet their bankrolls…..…. That fact, combined with traders making mistakes, sends many home broke and crying for mama.
It's easy to daydream about how you're going to win enough on your next trade to buy that new Porsche. But it's a whole different world when you've been through ten draining days of the worst trades imaginable. It takes a person with steel nerves and a tough veneer to remain unaffected by the kaleidoscope of emotions bombarding potential pros when trading.
A professional trader never wins all the time and I expected to come out ahead about two-thirds of the time…. Yet the losing sessions become etched in your memory far longer than the winning days. I vividly remember when …. I'd accumulated a moderate win only to lose twelve grand in the last ten minutes right before I left for my plane.…….
I never tried to reinvent the wheel and only refined techniques developed by earlier traders.... Unlike casino games such as roulette or craps, which have no memory, the past does affect the future in trading. …..
……
………
. Although many of the highly profitable setups have disappeared in the last few years, I've shared my experiences …in this article because the principles for success in trading (or in any other business endeavor) remain the same -- you have to be willing to go the extra mile and work extremely hard to find the best opportunities. For as long as market existed, there have been legal ways to turn the odds and beat it. And even though conditions are deteriorating, I believe the creative and disciplined players will continue to find the markets weaknesses and exploit them.
Very few jobs in the world offer the potential of clearing ten grand by working only one long weekend a month, but it's extremely difficult to actually become a winning trader. I taught myself from a book, but for every successful trader, countless other casualties litter the roadside with empty wallets. To many, my vocation seemed glamorous and "James Bond-like," but in reality it's a damn hard way to make easy money.
Last edited:
