I'm put off trading by this site!!!

[newbrumbloke]

Hi all
I wanted to express my feeling about my experiences of this site
I started looking into trading after reading about a redundant: London broker who worked from home now earning 70-80K pa. then reading on how aprox 50,000 people in the UK do this as a full time job earning 40k plus.
I understood that this was going to be a massive learning experience but one that I wanted to take out of interest.
I then spent about 10 months learning to trade from publications and getting to grips with all the different trading methods, markets and practices. I would say that I became borderline obsessed!
This site was mentioned in one of the books and I was so pleased to have found it, one because I could get advice and learn more but two that I could read almost any thread and understand the discussion.
HOWEVER!!!
All of the advice and all of the experiences I have read are:
Traders loose money!
Traders very rarely brake even!
Traders should study to the end of time before trading!
And last but not least the trading philosophers who give endless quips on trading like,
You will not stop a trader from trading no matter how bad the odds!

Yet this site grows and grows should I not take the advise, has anyone else been put off.
If I took all this advice onboard why do I feel like im wasting an opportunity?
If I take this advice I should burn my computer!
If people are so down on trading saying that they earn nothing ,loose money and insist that others do not do the same but they continue to trade themselves, aren’t they mad?

I’m sorry if I am battering on but I feel very strongly about this
If there is no money in trading
You will loose money in trading
All you can wish for is to break even, WHAT IS THE POINT!!!
Please do not say for fun.
Having fun is playing on the beach
Driving a fast car
Socialising
Not spending countless hours in front of PC losing money!
Thank you for reading and please do air your views
NO PHILOSIFIERS PLEASE!

 

[dbphoenix]

On the whole, you'd probably be better off abandoning trading and focusing your efforts on learning how to spell "lose/loser", "advise/advice", "break", "philosophers", etc. Unless, of course, you're looking for something in, say, fast food service.

Bon chance.

 

[khi]

On the whole, you'd probably be better off abandoning trading and focusing your efforts on learning how to spell "lose/loser", "advise/advice", "break", "philosophers", etc. Unless, of course, you're looking for something in, say, fast food service.

Bon chance.

as a person whose mother tongue is not english, i find ur comment quite funny . but surely, a successful trader doesnt necessarily need to know how to spell correctly right?

 

[newbrumbloke]

So sorry for my poor spelling my I burn in the fires of hell forever!!

 

[newbrumbloke]

thanks KHI

 

[Pippppin]

they are but sheep which herd together....

you have raised a good point newbrumbloke........

To succeed at something as difficult as trading can be made more difficult by listening to, and being influenced by, the (negative) opinions of others.

Sometimes it is necessary to shut yourself off, and focus only on your goal. Once you start to become successful you will be in a better position, psychologically, to listen to the views of others.

T2W, if used properly, can be a very useful forum, and the experiences of fellow traders can be illuminating. Equally, there is a lot of nonsense peddled on here, by people who have very little chance of succeeding as traders. In that sense, you would be wise to shut yourself off for a while....

 

[barjon]

newbrumbloke

however it's spelt i think much of the negativity you highlight is actually very positive in that it's trying to get over that trading is not such an easy road to riches as the reading that got you interested might have suggested. mind you, your ten months has probably told you that already!!

good trading and success.

jon

 

[Salty Gibbon]

To succeed at something as difficult as trading can be made more difficult by listening to, and being influenced by, the (negative) opinions of others.

Sometimes it is necessary to shut yourself off, and focus only on your goal. Once you start to become successful you will be in a better position, psychologically, to listen to the views of others.

I would thoroughly endorse these very true comments.

 

[ChowClown]

Well said Pip.

 

[sandrab]

Hi Brumi

Just by reading your comments/statements/questions - you're well on the way to becoming a fully fledged T2W member.

Trading is a totally demoralising occupation and if you can endure dejection, lonliness, frustration, heartache, elation and many many other emotions - and still say -"I can make this work", then you have found the holy grail of the golden goose. Most people here are going through some of these phases and reading through their postings - you will gather how close we all are.

But be warned of the preachers who roam these sites, talking of the miracles of the holy water.

It's a lonely road, Brumi, but if you have the tenacity - you will find the goose. To make it Golden - you will have to learn the gaggle.

This site is a vent for frustration built. But they are all very helpful, read the postings in the language it has been posted, and you will begin to hear the voices in your trading head.

Good luck

 

[swandro]

newbrumbloke

You have raised a very interesting issue. I think the reply you have received from dbphoenix really sums up the the reason why you are disillusioned by this board (and most likely by any other you belong to - they generally all work the same way). I have no idea why dbphoenix considers that he has the right to comment on your use of language. He appears to believe that if you cannot spell, you cannot be a successful trader and should not even try. What an unenlightened and snobbish view.

Therein lies the problem. Such boards as these understandably consist of a large number of beginners and amateur traders, and a few of these are badly informed and highly opinionated, about everything it seems. Unfortunately, in my experience, these are the people who contribute the most to these boards.

Frankly I would suggest that you pay no attention to the opinions of anyone. Instead, just look out for members who offer their own experiences of using particular techniques / ideas etc., in which case you may want to do some follow-up research of your own.

That is the only reason I hang around. There IS some great learning to be had, amongst the huge amounts of dross. There ARE successful traders around, even on these boards, but they usually have better things to do than drivel on about things.

Just my thoughts.

Rob

 

[dbphoenix]

as a person whose mother tongue is not english, i find ur comment quite funny . but surely, a successful trader doesnt necessarily need to know how to spell correctly right?

I sometimes wonder what would happen if the US were not the leader in this area and all these websites were in French, or Italian, or whatever. What, for example, might the French reaction be if Americans made a habit of making the same errors over and over again with regard to their language?

In any case, if he was drawn to trading for the reasons he states and is so easily discouraged by comments on a website, then, yes, he should quit. Yesterday.

Sorry.

 

[peto]

Thank you for reading and please do air your views
NO PHILOSIFIERS PLEASE!

Good!

I think one of the important functions of this site is to warn aspiring new entrants that trading is not an easy and quick way to gain a licence to print money (despite various retailers attempting to flog expensive software and courses who will try to persuade you otherwise). In most cases they ignore the advice, in a few cases they eventually find success.

I'm sure you are correct in thinking that most members of this site lose. Chances are you will too, at least initially. To succeed in you will need to "spend countless hours in front of the pc", and even then the odds are against you. If that's not your thing, if you're not fascinated with numbers and how the markets work, you stand no chance.

So well done on working this out before it gets expensive.

pete

 

[commanderco]

Hi NEWBRUMBLOKE

Firstly, know that if trading appears difficult when you first start out, it is because it is difficult,
unlike anything that you have ever tried before.

Secondly, if 90% of Traders loss their money, then this figure also applies to this site.
However, every comment that you read has significance, even if it does no more than remind
you of the frustrations of learning.

Thirdly, if you are thinking of quitting, then just quit. However if you wish to become a Trader then start thinking like one even if the details seem confusing. With a positive mind comes clarity of thought.

Most importantly, if breaking even was as good as it gets, you would not be reading these words from me now.

Good luck Newbrumbloke.

 

[sandrab]

Hey Brumi

Looks like you are the flavour of the day.

sandra

 

[commanderco]

I sometimes wonder what would happen if the US were not the leader in this area and all these websites were in French, or Italian, or whatever. What, for example, might the French reaction be if Americans made a habit of making the same errors over and over again with regard to their language?

In any case, if he was drawn to trading for the reasons he states and is so easily discouraged by comments on a website, then, yes, he should quit. Yesterday.

Sorry.

Hi DP
What is your 2nd or 3rd language?
How about writing your comments in one of these languages, it what give people a chance to comment.

 

[sandrab]

Hey Commanderco

DP's 1st is Gaggle, 2nd Google and 3rd is Giggle. Ask him his 4th. its Dribble.

Sandra

 

[Porks]

For fun you can work out db's trading method by the tone of his posts.

Today must be a losing day.

On winning days he refrains from letting his darker side show.

Having said that, I guess he's right. If you're put off by the steep learning curve and the stats that 95% or more are losers, then it's best to choose another path.

Porks

 

[newbrumbloke]

thank you all for your posts
you have all gave me so much to think about.
a big thanks to db for highlighting what an ***** he is!! sorry if the spelling is wrong!!!!!

 

[rols]

newbrumbloke

You have raised a very interesting issue. I think the reply you have received from dbphoenix really sums up the the reason why you are disillusioned by this board (and most likely by any other you belong to - they generally all work the same way). I have no idea why dbphoenix considers that he has the right to comment on your use of language. He appears to believe that if you cannot spell, you cannot be a successful trader and should not even try. What an unenlightened and snobbish view.

Therein lies the problem. Such boards as these understandably consist of a large number of beginners and amateur traders, and a few of these are badly informed and highly opinionated, about everything it seems. Unfortunately, in my experience, these are the people who contribute the most to these boards.

Frankly I would suggest that you pay no attention to the opinions of anyone. Instead, just look out for members who offer their own experiences of using particular techniques / ideas etc., in which case you may want to do some follow-up research of your own.

That is the only reason I hang around. There IS some great learning to be had, amongst the huge amounts of dross. There ARE successful traders around, even on these boards, but they usually have better things to do than drivel on about things.

Just my thoughts.

Rob

Thanks for this, Rob. If people want to learn about trading then this should be an encouraging place to come, at least they deserve a modicum of respect. Of late there seems to be an worrying increase in the amount of subjective opinion that has no relation to trading what-so-ever. While in small amounts this sort of banter is often entertaining I feel it could have a negative effect on the people who really do offer serious and informative advice. If you want to see what happens when this situation gets unchecked then have a look at the elite trader site. It's like a bar room brawl in there sometimes.
This brings me to another question. Why has the Bramble, one of the most useful and generous members on this forum, been banned? The boards are really not the same without him.