bonniesmith
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How to be a successful trader in long run?
How to be a successful trader in long run?
How to be a successful trader in long run?
How to be a successful trader in long run?
Don't trade unless you have to.
I'm afraid it is not possible. The market beats all of us retail crap in the end. Jesse Livermore said 'No man living can beat the stock market'. I'd add dead men to that list too.
The only way to have some sucess as a trader is is to become lucky. Which of course, very few of us ever are in the long run.
But if you are lucky and also wise you'd perhaps realize that to endure you had to become a coorporation. Unfortunately that's not enough for long term success either.
But if you, now as a corporation, were lucky, wise and also ruthless, perhaps you'd then realize you had to crush most of your rivals and thus become one of the big fish eating up the small fish. Unfortunately, that would still only get you so far.
But if you, now as a big fish corporation were lucky, wise, ruthless and also crooked, perhaps then, in the long run, you'd be ecstatic to realize that you'd actually become quite a success at trading. And perhaps you'd also, to your utter horror, realize that this success was only because you had become THE market.
Jesting aside, set low expectations then cut them in half.
I'm afraid it is not possible. The market beats all of us retail crap in the end. Jesse Livermore said 'No man living can beat the stock market'. I'd add dead men to that list too.
The only way to have some sucess as a trader is is to become lucky. Which of course, very few of us ever are in the long run.
But if you are lucky and also wise you'd perhaps realize that to endure you had to become a coorporation. Unfortunately that's not enough for long term success either.
But if you, now as a corporation, were lucky, wise and also ruthless, perhaps you'd then realize you had to crush most of your rivals and thus become one of the big fish eating up the small fish. Unfortunately, that would still only get you so far.
But if you, now as a big fish corporation were lucky, wise, ruthless and also crooked, perhaps then, in the long run, you'd be ecstatic to realize that you'd actually become quite a success at trading. And perhaps you'd also, to your utter horror, realize that this success was only because YOU had become the market.
Jesting aside, set low expectations then cut them in half.