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here is my check in the mail. i wanted you to have only 498 more to your first Million $$$ at no risk teaching trading. too much risk in actually trading. teaching is so much smoother on the bank account. hahahaha
Can you help answer these questions from other members on NexusFi?
To summarise, my Dad's favourite quote when he beat me at snooker was taken from one of his favourite golfers. It was a simple one. "The more I practise the luckier I get."
Politics, particularly the politics of covid, are seriously out of bounds here. We've had more than enough of the back and forth on covid for a long time. We are done with it, and past done.
This is a trading forum. Obviously, everyone has political ideas, and they may not be popular with someone else. That is fine. There is a place for them, just not here.
This is a politics-free zone, as much as we can make it. Let's have your trading ideas, and the ups and downs of trading or anything else you care to share, if it is about trading. Your politics are your business, and you have every right to them. But let's keep it off of this forum.
I have had to delete your post. Any non-political post will be fine, but anything political is not.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
I think that such an option is quite possible for those who have not studied enough, but hope to make a profit "here and now". In trading, it just doesn't work.
Going back to the beginning, the title of this thread, here's my advice from my own experience: One way to be profitable is to go through Mark Douglas' books and videos and do what he says as best you can. It's not easy, but: Chances are 99% (imo) that you'll succeed. Best of luck!
A couple of days ago I had a mentoring session online with a real trader. Even though I know better, I still do it "in case there is something I am missing in technical analysis". His strategy (which apparently paid for his house) was very similar to what I have been testing numerous times and what was showing to be profitable.
The problem is in the head. The biggest problem in trading is to figure out how to turn your own mind around.
I also think that the size of the account is a significant factor in success. Sufficient capitalisation is one of the most obvious requirements. However, besides not triggering the margin call it is also has an important psychological role. Larger capital means you have to take less risk for the same profit in dollars, which, in turn, makes it easier to stick to a strategy.
I've been trading futures off and on since 2010 and I am not profitable. I still do it because I enjoy it and gives me happiness. I let my emotions get the best of me and do not respect my stops. When it's time to get out of a loss I let the trade run in hopes of just breaking even on that trade. 60% of the time it works and the rest of the time it results in huge losses.