Is trading Easy? !

L

leonarda

Established member
Messages
589
Likes
23
Just a contrarian observation I seem to see, that the majority of threads seem to indicate most T2W users are "profitable", whereas I am sure you've all heard the sayings "90% fail" etc... I'm sure there must be an existing T2W poll somewhere for this... but I'm wondering what you guys think?
There definitely seems a large percentage of posters "implying" they are profitable to varying degrees (larger than 10% anyway), and I must admit in my 2nd year I am finding it fairly easy going even considering the tough climate.
 
Ambrose Ackroyd said:
I wouldn't say the climate's that tough.

It's been a pretty decent summer all in all.
Click to expand...

although I meant tough "Market direction" and "Economy" in my OP, which doesn't necessarily equate to tough trading, in fact can be quite the opposite!
 
There's an old saying which I just made up.

Trading is easy.

Trading profitably on a consistent basis aint easy.

This is largely because you need to maintain good personal discipline which for most people is an impossibility.
 
Ambrose Ackroyd said:
There's an old saying which I just made up.

Trading is easy.

Trading profitably on a consistent basis aint easy.

This is largely because you need to maintain good personal discipline which for most people is an impossibility.
Click to expand...

I also think alot of people speak as though they are profitable (eg.with their 100% win rate systems..!), not realizing they won't be soon...
 
You can trading on market direction. First time You invest to some money in market trading.
 
leonarda said:
and I must admit in my 2nd year I am finding it fairly easy going even considering the tough climate.
Click to expand...

I'd pay extra attention to your trading if those are your thoughts at the moment. Pride comes before a fall.
 
AA hit a good point that discipline needs to be maintained over the long haul, and if not, it is sure to doom the trader, regardless of what was accomplished up to that point. Personal discipline is part of the big 3-- methodology, margin management, and mind management.
I have found trading is not easy but as time has evolved, it has been easier to spot the setups. This has come from the experience of looking at charts so much, that I think you become on auto-pilot after awhile.
That also needs to be guarded against. I believe it is good to have unwavering confidence in what you do, but it is necessary to guard against over-confidence.


leonarda said:
Just a contrarian observation I seem to see, that the majority of threads seem to indicate most T2W users are "profitable", whereas I am sure you've all heard the sayings "90% fail" etc... I'm sure there must be an existing T2W poll somewhere for this... but I'm wondering what you guys think?
There definitely seems a large percentage of posters "implying" they are profitable to varying degrees (larger than 10% anyway), and I must admit in my 2nd year I am finding it fairly easy going even considering the tough climate.
Click to expand...
 
Certainly isn't easy in my opinion.
I've had success in patches and at times thought i'd pretty much nailed it, but it never morphed into consistent profitability, and i've been trying to do it for years and years.
Besides, anyone can claim anything on the interwebzzz.
And most of the people who are being genuine who think that they have worked it all out are likely in for a rude awakening....
 
Leonarda was expressing confidence after 2 years of successful trading. You interpret that the way you want. No one needs to apologize for success.



JRP2891 said:
I'd pay extra attention to your trading if those are your thoughts at the moment. Pride comes before a fall.
Click to expand...
 
If you are right, then it would be safe to say you are in the wrong business. Once you get it worked out, then your rude awakening will come, so all your efforts will go down the drain.
Tradiing is like anything else. You have to treat it like a business, and take that business-like attitude to work with you. I can't help if you think that is internet-web talk. It's just fact.
BTW, when people start believing they have it all figured out, that is when they start to fail. I'm doing very well in my trading, but I am not even close to having it all figured out.


redart said:
Certainly isn't easy in my opinion.
I've had success in patches and at times thought i'd pretty much nailed it, but it never morphed into consistent profitability, and i've been trying to do it for years and years.
Besides, anyone can claim anything on the interwebzzz.
And most of the people who are being genuine who think that they have worked it all out are likely in for a rude awakening....
Click to expand...
 
I know, and Leonarda needed to know it was the wrong advice, and that being successful after 2 years is nothing that needs an apology.
Now, that we have that out of the way, what handbag were you talking about. I'm sure it was sometihng metaphorical. I just didn't figure it out.

JRP2891 said:
It was advice. Put your handbag away now pls.
Click to expand...
 
JRP2891 said:
I'd pay extra attention to your trading if those are your thoughts at the moment. Pride comes before a fall.
Click to expand...

4xpipcounter said:
AA hit a good point that discipline needs to be maintained over the long haul

but it is necessary to guard against over-confidence.
Click to expand...

You say potato, i say pot-ato.

It helps to be able to look at things from different angles in life and in trading, think about it.
 
4xpipcounter said:
I know, and Leonarda needed to know it was the wrong advice, and that being successful after 2 years is nothing that needs an apology.
Now, that we have that out of the way, what handbag were you talking about. I'm sure it was sometihng metaphorical. I just didn't figure it out.
Click to expand...

thanks both of you! I was just waiting for someone to quote the "over-confidence" thing to me, so fair dos. However, I am aqutely aware of that and know I am far from knowing "everything", and know I never will.
 
what I was partly trying to get responses from was people saying "rubbish it ain't easy", so far about 6 different people have responded and only one has stated "it ain't that easy". So 1 out of 6...?
 
Excellent! so, with all your angles and spins, how is your trading doing?
When you ask me to think about it, I'll interpret that as you being the Samurai, so please teach me. I'm here to listen. After all, I haven't arrived, even though I have amassed my share of success. I'm always wanting to learn more. So, please, teach me some new angles that I have been missing out on.


JRP2891 said:
You say potato, i say pot-ato.

It helps to be able to look at things from different angles in life and in trading, think about it.
Click to expand...
 
Leonarda, I know I mentioned trading is not easy, and that's after 6 years, and the last 3 years of having only one losing week.
My point in addressing comments like "Pride comes before a fall" is that as long as your are doing well with your trading, you are to be commended.
My point on over-confidence is just that. I have a high degree of confidence, and I know I have to guard against almost taking that for granted. I know I am in trouble once the confidence scales have been tipped the wrong direction. In no way was I implying you are over-confident. You have been a success for the last 2 years, so you have conveyed a balance, with a sense of confidence. You have also told me in the last 2 years you have had a wrokable methodology, you know how to keep your margin under control, and you have self-discipline. Those are the attributes all successful traders have and need. I know once I lose any part of that is when I go down the tube.


leonarda said:
what I was partly trying to get responses from was people saying "rubbish it ain't easy", so far about 6 different people have responded and only one has stated "it ain't that easy". So 1 out of 6...?
Click to expand...
 
You must log in or register to reply here.

Similar threads

W
Trading is easy - making money is hard
2 3
Replies
54
Views
14K
Henow1969
H
T
Who is making the lolly?
Replies
10
Views
4K
NVP
NVP
F
Protect the novice investor public: Awareness about Online Forex Trading Easy Forex
2
Replies
21
Views
6K
Lightning McQueen
Lightning McQueen
S
Why is liquidity so low in Forex?
Replies
12
Views
3K
DAXJockey
D
P
Winning is Easy, Consistency is The Tricky Part.
2
Replies
32
Views
4K
bigboyfx
B
Top