Tanks Barb!! Whats really unfortunate is? Sometimes I say too much, but thats just my nature for better or worse? but the entire purpose of my sharing those feelings Friday was so that folks here, especially newbies? could see that they arent alone.. When I first started this biz all the books talked of magic charts and graphs and cycles and all this incredible stuff that will make you rich. It was only Michael Douglas (michael right?) who started writing books based on the psycology of trading and the reprogramming of the human mind in order to survive in this environment which goes against alot of the very things we need to survive the 'real' world.
What really hurt me this weekend is I got 2 private messages from people who saw me let my guard down, and used that as an opportunity to privately explain to me and explain 'this is why trading is gambling.. I tell you over and over but you refuse to listen. Trading doesnt work. trading is gambling. stop trading and get a job and swing trade'.
5 or so years ago I might have taken that to heart.. Now I just realize its like alot of other things in life- if someone cant do it? or chooses not to? they may take the stand that nobody can. Its so close minded and wrong its almost sickening..
Hey- ill take it a step further.. If I had to make an opinion? Id say that long term investing is gambling. The only reason investing has a higher success rate is because the gambler puts his money down over such a long period of time that you have less emotional stress (less self destruction) and the opportunity for those to swing profitable over the course of 5-10 years is greater.. the returns suck tho, and quite honestly its just not worth the risks to me- its gambling, and in this environment you have got to be crazy.. Of course I could be entirely wrong, but since opinions are flowing hehehe. Swing trading the level of accuracy and potential increases, but again the returns are nowhere near what you can make day trading. In that short time frame there is a degree of predictability afforded to you that no other form of gambling/investing offers. This is why in my opinion day trading is the only way to truely make a susbtanial sum of money consistently.
Im brutally honest and it sure never has the results I intend when I share things like I did Friday. Why did I blow up? No shock there- I started with CRXL 2 weeks ago.. I am currently going through some issues on my end and I saw over the last few weeks it was effecting my trading. I stepped aside if you recall, but I didnt give it enough time and it showed its ugly head again friday. Thats the downfall to trading- its very VERY difficult to come into this each day with the proper mind frame and control. For example- when my parents both passed away in such a short period of time/unexpected recently? there was a 2 year period where not a single demon reared its head. I became void of emotion, and I traded like a machine. but to say day trading is gambling compared to swing/investing?
oh and yes, both folks are under water very heavily for the last few years in their investments. but see, you can lie to yourself when you invest and say the loss hasnt been realized.. but to me? liquid.. what are you worth liquid? because if you get ill and need to cash those stocks in? that is in fact what they are worth. One of them being down on C from a purchase well over $40 and laughed at my advice that it was utter junk.. I doubt it will recover in his lifetime however the fact that its not realized yet? Hes comfortable sitting and waiting 10 years.. Whos the gambler? you tell me..
Im emotional.. im a nut.. and Im sure a good 50% of the folks here choose to ignore or skip right over what I say and I dont blame them! I never said I was normal or such but I know how to trade. I take major insult when my rants are turned around to prove that im a failure.. Nothing could be further then the truth. Im just honest, and most people arent.. and im very proud to be a little nutty.. normal is boring! sometimes I go to far but I always apologize to the people I love, just not the ones I dont : )
: )
News 
Market Data 
Discover 
AI
