mardi 5 avril 2011

What do people starting out in trading think

Simple: they are buying a dream.
The dream of freedom, wealth and prestige that everybody would like for
themselves and for the people close to them.
The chance to say “go to hell” to their boss or colleagues.
The wish to find an ability in themselves to be successful challenging the market,
through their own strengths and maybe only in their spare time.
Does anybody ever asked themselves whether a commitment at the highest level is
necessary in order to achieve excellent results?
What I think
For me, money is only real if it comes from the market.
My identity as a trader is very strong and I would never be able to justify not being
able to make a profit from the market.
I have had periods of low profitability, or no profitability at all, even after having
acquired a lot of experience and ability.
I’m not afraid of being compared with others, or of admitting this important truth.
What I do not accept is giving up a job like this, that defines me as person.
I believe that often even the best trading methods, and I have discovered and
invented hundreds of them, have varying periods of inefficiency or inactivity.
I think this is normal, I do not believe that is good business to sell ice to Eskimos,
and in the same way to do options’ calendar spreads in the middle of the storm of
the financial crisis, or to buy call and put, in a
other than a “crime”.
range market, cannot be anything

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