I'm put off trading by this site!!!
- Thread starter newbrumbloke
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Salty Gibbon
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DbP of course stands for "Digital Brain Processing" or is it "*****removed by JO ****" ?
Unknown to the majority of the populace, it was Dbp and not Isacc Asimov who wrote the book " I Robot ".
Unknown to the majority of the populace, it was Dbp and not Isacc Asimov who wrote the book " I Robot ".
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Tapewormtoo
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DB,
why????
why????
dbPhoenix
dbPhoenix was - and remains - on my Buddy List for the simple reason that he made me profitable. Full stop, end of discussion, no debate. I'd been dabbling in the stock market for about five years, and it took some of dbP's comments on this website and on Elite Trader to (finally) make me consistently profitable. I believe he knows what he's doing, and the e.g. 80% of people on this board who lose money would benefit by going to Elite Trader, searching for something like "dbPhoenix, price, volume", and reading the PDFs he posted on a thread there.
That said, dbP's posted some pretty bitter stuff lately. I don't like reading it - and I wish he didn't post it - but I certainly know how he feels. I've been an avid reader of T2W since May and I think the signal-to-noise ratio has fallen in that time (maybe we're a victim of our own success!) and dbPhoenix and others (TheBramble?) have got frustrated with the falling quality and level of sophistication of the average reply to their posts.
The quality of people's written English has nothing to do with the quality of people's posts... but sloppy writing often comes from sloppy thinking, and who likes learning from that!? Je pouve postir en Francais, oder auf Deutsch, aber it's too much effort - because I take time to consider my posts and I'd have to go away and get out the ol' dictionaries to make sure I got it all right. Slopping writing often comes from sloppy thinking, yeah?
If you're reading this and think I'm getting at you: please, don't. The quality of someone's written English has nothing to do with the quality of their post -- but if you want a carefully considered reply, please demonstrate that you've carefully considered your question!
newbrumbloke: many traders see more losing traders than winners. If that bothers you - and it terrifies most people - read up on emotion-free trading, and check out the recent T2W article 'Why Trade'. Trading's a numbers game; if it stirs your emotions, you're going to make a lot of trades and for the wrong reasons, and you're probably going to lose a lot of money. You probably know that already, but I didn't get that impression from your original post. Sorry to sound so down, but I don't want to see you get hurt.
dbP: if you're in my neck of the woods, please get in touch. I'd like to swap you a drink for your thoughts on advanced money management on highly leveraged inter-day trades. Or intra- verses inter-day trading. Or exits. Or pyramiding. Or the weather. Or...
Steve
newbrumbloke said:
dbPhoenix was - and remains - on my Buddy List for the simple reason that he made me profitable. Full stop, end of discussion, no debate. I'd been dabbling in the stock market for about five years, and it took some of dbP's comments on this website and on Elite Trader to (finally) make me consistently profitable. I believe he knows what he's doing, and the e.g. 80% of people on this board who lose money would benefit by going to Elite Trader, searching for something like "dbPhoenix, price, volume", and reading the PDFs he posted on a thread there.
That said, dbP's posted some pretty bitter stuff lately. I don't like reading it - and I wish he didn't post it - but I certainly know how he feels. I've been an avid reader of T2W since May and I think the signal-to-noise ratio has fallen in that time (maybe we're a victim of our own success!) and dbPhoenix and others (TheBramble?) have got frustrated with the falling quality and level of sophistication of the average reply to their posts.
The quality of people's written English has nothing to do with the quality of people's posts... but sloppy writing often comes from sloppy thinking, and who likes learning from that!? Je pouve postir en Francais, oder auf Deutsch, aber it's too much effort - because I take time to consider my posts and I'd have to go away and get out the ol' dictionaries to make sure I got it all right. Slopping writing often comes from sloppy thinking, yeah?
If you're reading this and think I'm getting at you: please, don't. The quality of someone's written English has nothing to do with the quality of their post -- but if you want a carefully considered reply, please demonstrate that you've carefully considered your question!
newbrumbloke: many traders see more losing traders than winners. If that bothers you - and it terrifies most people - read up on emotion-free trading, and check out the recent T2W article 'Why Trade'. Trading's a numbers game; if it stirs your emotions, you're going to make a lot of trades and for the wrong reasons, and you're probably going to lose a lot of money. You probably know that already, but I didn't get that impression from your original post. Sorry to sound so down, but I don't want to see you get hurt.
dbP: if you're in my neck of the woods, please get in touch. I'd like to swap you a drink for your thoughts on advanced money management on highly leveraged inter-day trades. Or intra- verses inter-day trading. Or exits. Or pyramiding. Or the weather. Or...
Steve
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danfreek
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I have to admit that the first time someone spells out how difficult it is to learn how to trade profitably and how many people fail at it, it seems like a waste of time.
It is true that most people don't succeed, but that doesn't mean that you won't. If it's something you want to do then you owe it to yourself to try.
You will probably lose money for the first couple of years that you start trading. I did, but all of those losses came with their own lessons that I wouldn't have learned any other way, and they were small because I use proper money management, early losses are the cost of the education. Don't be put off by negative comments, If you want to trade, then I encourage you to do just that, and I wish you good luck.
Dan
It is true that most people don't succeed, but that doesn't mean that you won't. If it's something you want to do then you owe it to yourself to try.
You will probably lose money for the first couple of years that you start trading. I did, but all of those losses came with their own lessons that I wouldn't have learned any other way, and they were small because I use proper money management, early losses are the cost of the education. Don't be put off by negative comments, If you want to trade, then I encourage you to do just that, and I wish you good luck.
Dan
Hi newbrumbloke, You will try many different methods and styles of trading and you will probable try options,futures and stock's but you will eventually find something you can do relatively well and then you can laugh at all the people who can't do it.
Welcome, I wish you all the luck and hope you are NEVER discouraged.
Welcome, I wish you all the luck and hope you are NEVER discouraged.
nine
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LOL. db, you are engendering a bit of negativity here. Don't you recall that commenting on spelling became a no-no in flame wars about 15 years ago. Time to put your good hat on again or we'll be seeing you next at another site.
nbb, You are just seeing the other side of the trading game. It seems very easy. It is very simple. But for most of us its hard to do --- and if it wasn't there would be no pot of gold for the winners because its a slightly less than zero sum game.
If you keep trying you will do one of two good things. You will either contribute to the current winners or you will become one --- maybe both. Good Luck.
nbb, You are just seeing the other side of the trading game. It seems very easy. It is very simple. But for most of us its hard to do --- and if it wasn't there would be no pot of gold for the winners because its a slightly less than zero sum game.
If you keep trying you will do one of two good things. You will either contribute to the current winners or you will become one --- maybe both. Good Luck.
SOCRATES
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That is precisely it !newbrumbloke said:
You have pinned it but not realised that you have pinned it.
I am going to explain it to you.
What happens is that trading is an impossible mission for many people, a very difficult mission for some people, a difficult mission for a few people, and ultimately a doddle for a very few.
But all of us have to start at the bottom and teach ourselves to learn.
It is like a sort of intellectual, emotional, and financial obstacle course.
The fittest survive, and the very fittest survive and go on to prosper.
What occurs next divides the winners from the laggards.
The laggards rely on everything and everybody, the winners only rely on themselves.
The laggards look upon all this for some sort of reassurance, or even a lifeline.
The winners, who have evolved, do not need reassurance or indeed any lifeline from anything or anybody, and look upon all this for amusement and entertainment and for the occasional meeting of minds with other winners.
A conflict now arises, because the laggards, who have not completed the obstacle course or perhaps not even significantly started it, expect to enjoy the same luxuries as the winners.
They expect and demand the prize without having done anything to win it, and of course, because they are not awarded what they are not entitled to, but wrongfully percieve to the contrary, proceed to behave in the way you describe.
Newbrumbloke, recall what you said back in February:
http://www.trade2win.com/boards/showthread.php?t=14384
“I found this site to be a gold mine!! reading the discussions are very informative.”
“Now im totally obsessed with the prospect of becoming a full time day trader . . .”
Frustrated ?
Advice to stock investors is to invest in stocks they have some affinity towards, eg a person owns an Apple computer and buys the stock, a person is an engineer so invests in engineering associated companies and so on. Some people only ‘invest’ in mortgages, guaranteed bonds etc and think of ‘investing/trading’ as nothing less than gambling. The redundant 70-80K pa broker you refer to is first – or was a professional; that infers he’s gone through a learning/training process, knows what he’s doing, has prior trading experience and a high level of interest in earning a living by trading at home, his place of business.
You didn’t mention Newbrumbloke if you are trading, if you are making money and by trading what ?
What’s your interest in trading Newbrumbloke, have you been made redundant, do you just want to make some extra money, fed-up with your current employment/life, do you need to generate an income, do you want to ‘get rich’ or is it the bling-bling of daytrading that’s attracting you ?
Have you asked and answered ‘Is trading for me ?’, or is that the question that’s frustrating you that you’re now having to ask yourself and answer ?
There’s several financial vehicles/instruments that can be traded, I chose fx because of the low Account/Trading Margins. Trading doesn’t require endless hours in front of the computer monitor, trading can be done on a Day-to-Days/Weeks basis very profitably:
“ If you do 10,000 trades in a year and make £25,000 is this not the same as doing 2 trades and also making £25,000? ” from Anley in your previous thread.
Some individuals are naturally inclined to short-term day/intraday scalping/trading – but not everyone.
The birth of personal computers and Internet has provided an endless means of making money, earning an income in an endless variety of ways – from ‘home’.
I watched the recent CNBC documentary about eBay notably how ordinary people started businesses out of their homes via the net/eBay, some after selling a couple of items they just wanted to get rid, selling the product/s of their hobby, some out of the necessity to generate an income.
‘Trading’ is obviously profitable, it’s ‘what we do’ and have been doing since ‘caveman’ times, and ‘financial’ trading is extremely profitable – if that’s your thing.
While ‘your question’ “Is trading for me ?” is only going to be answered by yourself, you could also look into:
1) a mentor/s
2) a trading group
3) demo trading
4) trying this route: http://www.trade2win.com/boards/showthread.php?t=15663
5) all of the above
http://www.trade2win.com/boards/showthread.php?t=14384
“I found this site to be a gold mine!! reading the discussions are very informative.”
“Now im totally obsessed with the prospect of becoming a full time day trader . . .”
Frustrated ?
Advice to stock investors is to invest in stocks they have some affinity towards, eg a person owns an Apple computer and buys the stock, a person is an engineer so invests in engineering associated companies and so on. Some people only ‘invest’ in mortgages, guaranteed bonds etc and think of ‘investing/trading’ as nothing less than gambling. The redundant 70-80K pa broker you refer to is first – or was a professional; that infers he’s gone through a learning/training process, knows what he’s doing, has prior trading experience and a high level of interest in earning a living by trading at home, his place of business.
You didn’t mention Newbrumbloke if you are trading, if you are making money and by trading what ?
What’s your interest in trading Newbrumbloke, have you been made redundant, do you just want to make some extra money, fed-up with your current employment/life, do you need to generate an income, do you want to ‘get rich’ or is it the bling-bling of daytrading that’s attracting you ?
Have you asked and answered ‘Is trading for me ?’, or is that the question that’s frustrating you that you’re now having to ask yourself and answer ?
There’s several financial vehicles/instruments that can be traded, I chose fx because of the low Account/Trading Margins. Trading doesn’t require endless hours in front of the computer monitor, trading can be done on a Day-to-Days/Weeks basis very profitably:
“ If you do 10,000 trades in a year and make £25,000 is this not the same as doing 2 trades and also making £25,000? ” from Anley in your previous thread.
Some individuals are naturally inclined to short-term day/intraday scalping/trading – but not everyone.
The birth of personal computers and Internet has provided an endless means of making money, earning an income in an endless variety of ways – from ‘home’.
I watched the recent CNBC documentary about eBay notably how ordinary people started businesses out of their homes via the net/eBay, some after selling a couple of items they just wanted to get rid, selling the product/s of their hobby, some out of the necessity to generate an income.
‘Trading’ is obviously profitable, it’s ‘what we do’ and have been doing since ‘caveman’ times, and ‘financial’ trading is extremely profitable – if that’s your thing.
While ‘your question’ “Is trading for me ?” is only going to be answered by yourself, you could also look into:
1) a mentor/s
2) a trading group
3) demo trading
4) trying this route: http://www.trade2win.com/boards/showthread.php?t=15663
5) all of the above
sandrab
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Curiously a question to everybody who has posted on this thread .."where do you all fit in"
Can you honestly post it !
a. I'm at an early stage in the learning process - and losing money
b. I've learnt that I need to read, watch, and ask about trading - and still losing money
c. I've realised that there is no magic indicator and I have to learn it myself - and still losing money
d. My eyes are opening - losing BUT also making money
e. I can see patterns and understand the mechanics of chart reading - and making money
f. No more fear - I can read the language - I CONSISTENTLY make money
g. Its a part of me - I can Honestly say - I've found financial freedom
Better get mine in - before there is a torrent of replies.....let's see. Oh yes - me - D moving onto E.
I'm sure there are better ways of describing this transformation, which no doubt certain members will point out to me, but help the Brumi lad by revealing all and let him decide.
Good luck Brumi, you will see better now.
Sandra
Can you honestly post it !
a. I'm at an early stage in the learning process - and losing money
b. I've learnt that I need to read, watch, and ask about trading - and still losing money
c. I've realised that there is no magic indicator and I have to learn it myself - and still losing money
d. My eyes are opening - losing BUT also making money
e. I can see patterns and understand the mechanics of chart reading - and making money
f. No more fear - I can read the language - I CONSISTENTLY make money
g. Its a part of me - I can Honestly say - I've found financial freedom
Better get mine in - before there is a torrent of replies.....let's see. Oh yes - me - D moving onto E.
I'm sure there are better ways of describing this transformation, which no doubt certain members will point out to me, but help the Brumi lad by revealing all and let him decide.
Good luck Brumi, you will see better now.
Sandra
Salty Gibbon
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E and F and closing in on G
