How to become a profitable or full-time trader

[Darc Knight]

Yes, thanks to those in this thread for exposing this guy and thus protecting the more naive and vulnerable. This shows the value of Forums and there potential to do good. Thanks guys.

Back on topic. I'll prove money can be made thanks to Rog. I'm selling bags of rocks for the stoning. Retiring after. Thanks Rog!

 

[tech/a]

I note not one client has responded here?

Doubt that there was too many

 

[cynic]

I couldn't agree more, every so often I come across some poor sole who has wasted (or are wasting) a lot of time and money on various systems, seminars or so called trading coaches. One of them, a businessmen spent $25K on a trading system then paid huge fees for coaching, he and his wife let their business languish while they clocked up hundreds of thousands of dollars in debt using the system, they were so convinced by the coach that it was a winner that they kept pouring money in, even tried to get me to buy in. Eventually they gave up, luckily they were able to save what was left of their legitimate business.

Hopefully these sort of threads show up in Google searches to deter would be punters from scam coaches and get rich quick schemes. By all means have a look, a good system or coach could help in making regular stable profits and minimise losses in the markets, but always do your due diligence before parting with any of your hard earned. I always ask, "Why are you wasting your time selling your system to me for only X$ when you could be making millions using the system yourself?"

As an observer, like yourself, it can at times be frustrating watching all that money being poured into, and washed away by...

 

[cynic]

Yes, thanks to those in this thread for exposing this guy and thus protecting the more naive and vulnerable. This shows the value of Forums and there potential to do good. Thanks guys.

Back on topic. I'll prove money can be made thanks to Rog. I'm selling bags of rocks for the stoning. Retiring after. Thanks Rog!

The problem with too much stoning, is that it tends to make people...

 

[cynic]

That's a good point. The title of this thread is something that people might type into Google if they were trying to become a profitable or full-time trader. It may well come up in the search results as you suggest.

To anyone who has arrived here via a Google search, you should also take the time to read the How to identify an investment scam thread. The financial services industry is filled with scammers and snake oil salesmen. Always do your due diligence before you hand over any money to anyone who promises to make you money trading financial markets.

Further to this truly sagacious advice, be distrustful of claims, so extraordinarily wondrous, that the marketed product can be expected to exist...

 

[cynic]

I note not one client has responded here?

Doubt that there was too many

Perhaps, some are, as yet, reluctant to say...

 

[Darc Knight]

So there are no shortcuts and the only way to really do this is to slowly build a portfolio of Stocks through good analysis, or use Index Funds and go for the long term??? The rest is too much like Gambling? Inside information aside of course.

 

[Triathlete]

So there are no shortcuts and the only way to really do this is to slowly build a portfolio of Stocks through good analysis, or use Index Funds and go for the long term??? The rest is too much like Gambling? Inside information aside of course.

I agree with you that there are no shortcuts to becoming a successful trader or investor.

As far as your comment about gambling I have to disagree and it is more about understanding the risk and reward of each trade you take.

 

[Darc Knight]

I agree with you that there are no shortcuts to becoming a successful trader or investor.

As far as your comment about gambling I have to disagree and it is more about understanding the risk and reward of each trade you take.

Thanks Triathlete. They were more questions rather than statements. I don't pretend to know anywhere near as much as you guys. My training wheels are well and truly still affixed. I am amazed at the level of knowledge in here.

 

[cynic]

So there are no shortcuts and the only way to really do this is to slowly build a portfolio of Stocks through good analysis, or use Index Funds and go for the long term??? The rest is too much like Gambling? Inside information aside of course.

Those are worthy questions. Like yourself, I recognise the importance of being circumspect so as not to be unwittingly seduced by the...

 

[cynic]

I agree with you that there are no shortcuts to becoming a successful trader or investor.

As far as your comment about gambling I have to disagree and it is more about understanding the risk and reward of each trade you take.

Some might agree, others might argue that...

 

[cynic]

Thanks Triathlete. They were more questions rather than statements. I don't pretend to know anywhere near as much as you guys. My training wheels are well and truly still affixed. I am amazed at the level of knowledge in here.

It is truly wonderous to behold. There are so many singers and so many songs sung. And amongst the singers there are some singing the...

 

[Wysiwyg]

Okay cynic that is a considerable bombardment of youtube crappy songs. The message is through.

 

[cynic]

Okay cynic that is a considerable bombardment of youtube crappy songs. The message is through.

Oh Yeah! Is that what you really think! Then cop this for a...
!

Edit: I forgot to mention these may be found in abundance in...

 

[Triathlete]

Those are worthy questions. Like yourself, I recognise the importance of being circumspect so as not to be unwittingly seduced by the...

Circumspect.....wary or unwilling to take risks.

When people talk like this it tells me that they do not have the knowledge or the skill set required to be successful in the markets. When you understand this you can have confidence in your ability to make all the money you like in the markets....Smart traders understand when they should be in a particular market and when they should not and so will take calculated position and be successful....

 

[cynic]

Circumspect.....wary or unwilling to take risks.

When people talk like this it tells me that they do not have the knowledge or the skill set required to be successful in the markets. When you understand this you can have confidence in your ability to make all the money you like in the markets....Smart traders understand when they should be in a particular market and when they should not and so will take calculated position and be successful....

Well that sounds very much like an admonsihment coupled with a recommendation to...!

 

[Triathlete]

Well that sounds very much like an admonsihment coupled with a recommendation to...!

Yes exactly....without knowledge and the proper skill set than you are definately gambling with your money..!!

 

[cynic]

Yes exactly....without knowledge and the proper skill set than you are definately gambling with your money..!!

Sounds like an apt description of what happens when one succumbs to the...