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Updated October 12, 2023
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March 28th, 2022, 05:08 PM
Houston
Posts: 392 since Dec 2016
Thanks Given: 361
Thanks Received: 252
kevinkdog
Good Luck! I hope it works out for you!
Hello Kevin,
Luck and Hope is not needed and no disrespect, I do not want luck or hope, I want results. I do not believe in Luck or Hope.
March 28th, 2022, 06:30 PM
Posts: 781 since Apr 2016
Thanks Given: 22
Thanks Received: 1,021
vmodus
Of course you need to be an accredited investor with Dunn and not too many folks have pockets that deep.
They recently changed the rules allowing you to be an accredited investor if you have a series 7, 65, or 82. My plan for spring break is to study for a Series 65. Most funds have a minimum investment amount though.
March 28th, 2022, 06:53 PM
Posts: 3,668 since Jul 2012
Thanks Given: 1,893
Thanks Received: 7,378
goodoboy
Hello Kevin,
Luck and Hope is not needed and no disrespect, I do not want luck or hope, I want results. I do not believe in Luck or Hope.
Just trying to offer you encouragement. "Good Luck" and "I hope you do well" are pretty standard well wishes in the United States.
I won't make that mistake again.
March 28th, 2022, 09:45 PM
Houston
Posts: 392 since Dec 2016
Thanks Given: 361
Thanks Received: 252
kevinkdog
Just trying to offer you encouragement. "Good Luck" and "I hope you do well" are pretty standard well wishes in the United States.
I won't make that mistake again.
Hello Kevin Davey,
I know you mean well. Sorry if I offended. Thanks for your kind words and support of me and retail traders all these years in the trading industry. Algo traders should be happy for your support.
March 30th, 2022, 10:50 AM
Penang, Malaysia
Posts: 2 since Apr 2017
Thanks Given: 0
Thanks Received: 2
Personally I know a trader have been trading for 10 years+ by scalping only, in and out fast and made comfortable income enough for normal living.
March 30th, 2022, 11:20 AM
PhuKet Island / Thailand
Experience: Advanced
Platform: Sierra Chart NT
Broker: IB / IQFeed
Trading: ES
Posts: 133 since Jul 2018
Thanks Given: 136
Thanks Received: 53
Great insight!
chipwitch
If it were easy everyone would be doing it... then the market would adapt until it wasn't easy anymore. There's no shortcut, no holy grail and no substitute for just sitting and watching the price and the volume and whatever indicators "speak" to you. If you find that you can't sit in front of a computer screen and just watch the little bars get big and then get small, for months on end and still find it exciting, then you're going to have a tough time of it. All those gurus, if they were that good in predicting the direction of the market and making profit, they wouldn't be selling you books and courses or spending copious hours making videos.
Then there is the very real practice of well-known successful people doing interviews and saying there's no time like the present to buy Bitcoin. Then, while everyone frenzy buys bitcoin, that "expert" is secretly selling. Warren Buffet says, "If you're sitting at a poker table and you don't know who the sucker is, it's you!" Looking for someone to teach you to trade the market properly from a book or a video course is about as likely as someone teaching you brain surgery by the same method.
The market is just an auction. Nothing more. Nothing less. If you want to be a trader, imagine that you want to learn to trade
cars by going to auction and buying them to sell for profit. If you have a love for cars, pick something else. I really have no innate love for the S&P 500, but the
process of trading is the draw. So whatever hypothetical auction you use in the mental exercise I just suggested, pick something you have no particular affinity for. Now, no one can teach you the value of things. You learn by doing, making mistakes, making fewer mistakes and if you're lucky, occasionally picking up a useful tip here and there from someone willing to share their experience. Even the profiteering gurus can teach you a thing or two... occasionally.
If you're in a rush and don't want to put in the time at the auction I don't know what else to say. If you're in it primarily for the profit and not the process, then yeah.... there aren't any successful traders.
March 30th, 2022, 03:07 PM
Houston
Posts: 392 since Dec 2016
Thanks Given: 361
Thanks Received: 252
gemini5033
Personally I know a trader have been trading for 10 years+ by
scalping only, in and out fast and made comfortable income enough for normal living.
Thank you for sharing this. Good information.
March 30th, 2022, 03:11 PM
Houston
Posts: 392 since Dec 2016
Thanks Given: 361
Thanks Received: 252
chipwitch
If it were easy everyone would be doing it... then the market would adapt until it wasn't easy anymore. There's no shortcut, no holy grail and no substitute for just sitting and watching the price and the volume and whatever indicators "speak" to you. If you find that you can't sit in front of a computer screen and just watch the little bars get big and then get small, for months on end and still find it exciting, then you're going to have a tough time of it. All those gurus, if they were that good in predicting the direction of the market and making profit, they wouldn't be selling you books and courses or spending copious hours making videos.
Very good comment chipwitch. I enjoyed your statements and I agree everything you said. Well written.
March 31st, 2022, 07:44 AM
Posts: 3,668 since Jul 2012
Thanks Given: 1,893
Thanks Received: 7,378
gemini5033
Personally I know a trader have been trading for 10 years+ by
scalping only, in and out fast and made comfortable income enough for normal living.
Can you provide any details? Not how friend trades, but instrument, account size, etc.
A 10+ year successful scalper is sort of like Bigfoot or the Loch Ness Monster - lots of people claim to have seen it, but absolute proof is always just out of reach.
March 31st, 2022, 12:26 PM
Houston
Posts: 392 since Dec 2016
Thanks Given: 361
Thanks Received: 252
kevinkdog
Can you provide any details? Not how friend trades, but instrument, account size, etc.
A 10+ year successful
scalper is sort of like Bigfoot or the Loch Ness Monster -
lots of people claim to have seen it, but absolute proof is always just out of reach.
Hello Kevin,
LMFAO HAHAHAHAHAHHAHAHAAH that is funnyyyyyy. But you are right sir.
Good request.
Last Updated on October 12, 2023