Quote:
Originally Posted by trix4kids
I've kind of just started and so far my interpretation is that trading is kind of like poker, the premise is simple, but the technical side can get extremely complicated. Ulic/ Strykn did you guys actually start with paper trading? I feel like the lessons you learn from losing money will actually stick if you lose REAL money. It's pretty hard to stay disciplined and I remember in grade 9 business class we were put in a virtual stock game and I made a 60% return in 3 months just buying 3x natural gas bear/bull LOL. An extremely nooby question, but how does one invest/short in subprime securities? Are there investment corps that specifically deal with it?
What Ulic said about simple strategies is actually really true. My moms been trading for almost 9 years now and shes done pretty well, and she doesnt even know how options worked.... How do some of you experienced traders feel about the stress/anxiety and fufillment compared to when you first started?
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technical can be simple too. depends what you want it to be. some ppl like to draw lines everywhere, some ppl don't draw anything.
yeah, lessons hurt more when you lose real money. doesn't necessarily stick.
it's like any bad habit you have in life. you keep doing it everyday even though you know it's wrong.
yeah everyone makes money paper trading... i think paper trading is good for learning how things work. u can fuck around and try crazy ass strategies. once u figure that they will work. you can use real money... and if you lose money then you know you're doing something different. real money affects your actions.
duno about your subprime question. sorry.
stress/anxiety only gets to you when you lose money and if you depend on this money to survive. i dont think its something that ever goes away. u just have to learn how to deal with it. that is part of a trading strategy too.
some ppl just slap their laptops shut and quit for the day if its not going well or whatever.
i've just learn to let go of the past. kinda like letting go of a good gf. just accept it and accept that you cannot change the past and it's done. don't let it affect your next decision.