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Hello Gentle,
GO> Why is it that everyone thinks that they can be a successful trader?
i never set out to be a trader, in fact i thought you had to live in
ny or chicago. in fact i do not consider myself a trader now, i love
research, and just figuring out things in general. i have studied
people as much as i have studied the markets and come to the
conclusion that most loose because they are gamblers rather than
analyst. analyst on the other hand mostly are failures at trading
because they rely upon validation of some for or another.
GO> What is it that motivates so many people to want to trade?
i hate to trade, i only do so to finance my research and my computer
hardware/software addiction. this is the way i separate myself from
becoming involved with something i don't like to do trade. i do not
get a thrill if i make money and i don't worry at all anymore if i
loose. learning to take losses was the hardest thing i ever
accomplished.
GO> Is it the money? the ego? the testeroserone? something else?
for me its the thrill of figuring it out.. finding something that can
be validated in black and white as working. i honestly have no desire
about the money other than to pay what very few bills i have. i live
very meagerly (except for equipment) because i know it can all be lost
if i'm not careful. i am not inspired by wealth but rather knowledge.
GO> And why do so many people feel they can learn the game in such a shot amount
GO> of time?
i was the same. i thought i knew how to trade until i went to work
programming for someone who was a real trader. there i learned the
business of surviving as a trader and to not take anything personal.
trading really is a business, like any other except its better. i
could pick anything in life to do the 3 i narrowed it down to was
biological, market and gambling research.
anyway it took me a good five years to learn while working for a
specific trader. i spent many more years programming for other
successful traders. i figured no one was going to tell me what i
needed to know about how to make a living trading. so i set out to
steal the knowledge by pretending to be a contract programmer. so i
kept my mouth shut (for a while) listened and observed every move,
making very detailed notes about events i would only understand latter
in time. stopping here for now..
--
Best regards,
Research mailto:research@xxxxxxxxxxxxx
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