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Austin, TX
Legendary Market Wizard
Experience: Master
Platform: ninjatrader, r-trader
Trading: NQ, CL
Posts: 871 since Jun 2011
Thanks Given: 611
Thanks Received: 1,110
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Any stooge can make money in the market keeping it is what is difficult. I think that is one of the allures of trading. Get an account push a button and make some money. You can be a complete stooge with no idea what you are doing and make something. Maybe even get on a lucky run a and make quite a bit.
Keeping it and building an account year after year is something entirely different than a stooge pushing a button thinking they are conquering the market. Even a chimpanzee can push a button.
Moral of the story. Don't be a stooge. Stooges end up broke.
Money management is the closest thing to a grail you will find in trading.
| "The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work." |
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