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DTers Aftermarket Lounge - 31 Oct, page-59

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strikerX

6,793 Posts.

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31/10/18

21:40

Post #: 36341491
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Originally posted by onetricky ↑

it is my belief that the market is designed to take from the 95% to give to the 5%.

but like anything else in life, you need to work hard to get on the 5% side of the money, and that will take experience, and many bumps and bruises along the way.

the market will take your money if you have little experience and lots of cash!

just on a stop loss of 15%, that is way to high for day trading. as soon as i enter a trade, or shortly after, i get a feel for a stock pretty quickly and know whether it is the right or wrong decision. i'm not going to wait for a stop loss to tell me!

as jesse livermore stated, trading requires patience - patience to wait for everything to be in your favour before committing to a trade - that is the hardest part, because there are very few stocks that offer this on a daily/even weekly basis and a traders worst enemy is trading through boredom.

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Onetricky it seems like you trade like Nick Fabrio made 1 million in 2.5 years.
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