A Cautionary Tale - Page 2
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Thread: A Cautionary Tale

  1. #11
    Quote Originally Posted by ;
    I took my first step along the difficult road of trading some 3 decades back now.
    Like others before me, I believed that I'd crack it in a year or so.
    Like others before me, I learned the hard and humbling truth that trading is anything but a fast route to fortune and glory.
    A hundred dead endings followed a hundred'systems'; indiors arrived and proceeded with an almost dizzying rate; guru's were searched and their information followed-but just their bank balances climbed (at my cost ).
    As my abilities grew, painfully slowly, I struck the'elephant...
    ”If you're really thankful, what do you do? You talk about. - W.Clement Stone

  2. #12

  3. #13
    Lots of interesting answers for me.
    Thank you.

  4. #14
    I am lucky that it was my spouse who got me into it, and he's whole-heartedly intent on investing too. Do not give up however, I don't understand what the background with your loved ones is, but if you did it so that you may SHARE it bring them back! Otherwise what's the point in gambling?

    Be strong! It's your spouse, although it may take a bit of time. You're still a family.

  5. #15
    Well interceptor, post that is intriguing.
    In case your trading is starting to make some serious gains then perhaps trade off a couple of days per week with the family, I mean monday is fairly flat then you have sat and sunday, and friday day sessions at the united states may also be flat occasionally to a particular level

    so there is already 4 times or 3.5 times you can center on the Family. It might not be enough for some but as you advance to higher yields you might not even need as much time to trade....

    I'm only starting to break even again within my trading which was a massive mountain for me to conquer.

    Perhaps place some these plogical worth to your own trading plan. You never trade with a stop loss right, which means that your stop loss is already in place for the week end. (plogical stoploss)

    this thread is really a eye opener for a student like myself, like I have a job now where I work only 9 hours per day, where as in prior tasks or loions I'd do the job normally 12-16 hour days, but my health is the major factor why I wanted to do somthing else with my time. I KNOW I cant work these hours using a health state evolving, as advancement in age. (shudders)!!!!

    I've set off kids with my woman until I have a fantastic account plus a few stock that is returning a minimal wage I could live off (in dividends).

    Everything from trading is going to be gravy!!! And the GRAVY is obviously exactly what we all are searching for....


    So I have alot of learning curves ahead I am sure, but I welcome them whole heartedly.

    My woman too is a wee bit annoyed that we're able to sit in the exact same room and not talk as much coz I concentrate on the charts when I am home, however I do have a plogical stoploss in place, I trade once I am home, although maybe not on mondays, and rarely look at friday day US sessions, along with heavy news occasions could have me sitting at a resturant with my woman enjoying the simple pleasures of having a partner....

    For these sacrifices I spose I will probably take longer to reach the stage of no longer needing to work for money, but if I got my head to trading I ALWAYS thought I just want to work a couple of hours aday and this is exactly what I thought trading could be, however I do know NOW it'll take more than that intially however this isn't the goal long term....

    i rationalize it this way.

    I'm a Chef fine, and if I was a student of cooking a few tasks would take HOURS occasionally days! , but now that I have several years of expertise, many of these tasks take minutes or of exactly what they had to shoot me.

    So I wish to belive this can be achieved with trading too. . This is my objective!

    Captain I certainly hope you can determine a new plogical system for your family, and concentrate your aim for the that!

    I'm a new reader of your site and your are in some fantastic profits . And salute you for conquering the task we all have put out to achive!
    Great moving and look forward to hearing about your NEW plogical stoploss system.

    Jase

  6. #16

  7. #17
    Quote Originally Posted by ;
    Properly interceptor, intriguing post.
    If your trading is beginning to make some serious profits then maybe trade off a couple of days per week with the family, I mean monday is pretty level then you have sat and sunday, and friday day sessions in the US may also be flat occasionally to a certain level
    so there's already 4 days approximately 3.5 days you're able to center on your Family. It might not be enough for a while as you progress to higher yields you might not even need as much time to exchange....
    Interceptor
    That is good stuff from Chocol8Elvis. Proceed to trading on the Daily timeframes and you'll have a lifestyle that is much better.
    NOW GO AND GET YOUR FAMILY BACK!

  8. #18
    I nowadays set my levels off a daily chart, then'fine tune' them on the hourly. In addition, I utilize the hourly for stops.
    That is the deepest irony, I suppose. I feel as though, at long last, I have arrived at the point where I need to spend 50 hours a week staring at charts. Doing so will be a move.
    Just a little too late, that is all.

  9. #19
    Quote Originally Posted by ;
    I now place my weekly levels off a daily chart, and then'fine tune' them on the hourly. I also use the hourly stops.
    That's the deepest irony, I suppose. I actually feel as though, at long last, I've arrived at the point where I need to spend 50 hours a week staring at charts. Doing so will be a move.
    Just a little too late, that's all.
    Bullshit. Its not too late.
    Get away out of the hourly charts and forums and go and get back your family. Or is the fine tuning on the charts that?

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