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Thread: Money makes money

  1. #31
    Money ant its worth

    lLast times I had been thinking a lot about money ant its worth. Consider. More time I spend more money I buy, at work. It's plausible that time you dedie to a single subject more money you get for this. As person who likes to think I have new questions and replies are coming gradually. Question for the time being is why our income must be proportional to time. In other words, why if we get paid twice when we work double of time.

    Does it mean my earnings is restricted by my time. And I can't make a lot of money without working 16hours per day? That is reality of most of us (hopefully not for ever) and it appears to be ok. Not for me personally. It would mean all my analyzing markets and money is meaningless. I did not study because of my spirit that is academic, In all honesty. I'm not spirit. I couldn't stay my university that I abandoned because I did not agree with dogmas.

    Can I break this dogma that makes me mad. Can money be made ? By investing money than by work, can I make more money? Of course, I and also you are able to. The way to reveal it others? The way to open them eyes? They could live better (at least their financial situation can be better).

    I'm think about it because of EA started yesterday (by the way, it is down 10 eur as I've found a position calculation mistake that wasn't present in demo trading- that is mystery for me... ). Can I start an account and make money? Sounds well but hard to trust. No analysis, no challenging decision making. Just having an account...

    Who is going to keep my fear away?

  2. #32
    About imply reversion, why we are afraid of loss and would like to check our positions daily.

    We're often nervous as our positions are in weight reduction. We're even more afraid when we lose money. Were you aware it is not beneficial for you to check your positions often and it is better to not check them?

    Let us talk about mean reversion. This theory basically says that value will oscilate around its mean. Once is over, once is below. And what is more significant - those oscilations are a noise. It means every single transaction is a sounds. When many trades were shut, you can take a picture about your outcomes. When we make a lot of money in 1 trade we were lucky. We're unlucky As soon as we shed and it doesn't tell us any details. We got a noise message that can be ignored.

    It's a reason why it is not convenient to check on your portforlio very often rather than great to follow it up in real time. It does not make any sense. And it'll solve. Loss aversion. We need to not lose. It's a biological. You can not win this battle by not following up your portfolio but you can decrease it. That is really interesting - I propose to not invest so much time into your platform to decrease emotional impact which decrease your performance and can affect your trading decision.

    That is about my Friday's thoughts. Perhaps some time we can discuss it.

    Have a Wonderful weekend!

  3. #33
    First week (really two days) of my EA is over. It's too premature to be frued or happy but time to bring my own comments along with some results. I was afraid as this is week. It created 0.5percent that which is 5 euro. It's too premature to make assumptions Like I said. My strategy would be to withdraw 50 percent of monthly profits to safeguard my finance. I'd love to get my money back and then let it grow.

    Inside my EA there is nevertheless one mistake I am aware of but I have to discover a way how to repair it. I could be around 4% upward but I don't understand how to repair this mistake. It is a challenge for weeks. Because I had been too afraid of it I'd always been from EAs. It could be a way. I am looking forward to next weeks, months and years. I am aware it may take years to triumph and one mistake can be very pricey. It's a reason why money should be withdrawn. Money in trading account isn't money made but money in a risk.

    Money created in Currency Market is going to be transferred to inventory shares, real estates and many others products. Seeking one step ahead, I hope results next week will be positive...

  4. #34
    Quote Originally Posted by ;
    Is trading the ideal company for you? Lots of people start trading since they read just how much money may be made in markets. And that is it. Do you understand how much money may be made whenever you're good app developer, cook, author, er, singer... Can it be sufficient to start this enterprise? It's not such a thing as money. People think a lot of people suceeded in this discipline so since they can see. What they do not see are millions persons who didn't attained their success in the market (or some other area ). It is the very same as state celebrities make a shitload...
    I concur with you.
    Not everybody is suit to trading, like any other profession it require lots lots of study, practice, experiencing failure, etc

    can answer your query with:' I really like the market and want to make money out of it
    hahaha...

    thanks for your article ProsteJa.

  5. #35
    Quote Originally Posted by ;
    quote I agree with you. Not everybody is suit to trading, like any other profession it require lots lots of research, clinic, experiencing failure, etc can answer your question with:' I Love the market and want to make money out of it hahaha... thanks to your article.
    That is pretty good reason why to exchange. Keep studying and everything gonna be alright

  6. #36
    Quote Originally Posted by ;
    quote I concur with you. Not everyone is suit to trading, like any other profession it need lots lots of research, clinic, experiencing failure, etc can answer your query with:' I really like the market and wish to create money from it hahaha... thanks for your article ProsteJa.
    Yeah, probably market needs dediion, or even requires it. You're condemned for a big neglect if the purpose of your engagement is simply money then. I state dediion because it especially this disposition generates patience in a level, deficiency of that may be regarded for any trader. Obtaining fun at money afterward.

  7. #37
    Add or remove?

    I had an interesting discussion with buddy of mine. We had been talking many other things for hours and eduion and politics. He explained an wonderful short story from someplace (no idea where), let me inform you it with my own words (will be better at slovak but I will do my best to translate into english).

    Michelangelo was asked how he can create so amazing sculpture (David). He responded. I've just removed all unnecessary gems which was not David...

    Nowadays we strive hard to include and we overlook removing unneeded material. Sometimes the best thing could be achieved by eliminating and not by adding...

    Can you utilize any unnecessary indior? Do you have too much cash on your own trading account which might be used differently (not using leverage correctly )? Have you asked yourself how you can you reevaluate your trading, your life? ...

    http://www.museumsinflorence.com/mus...helangelo.html

  8. #38
    Yess,
    I have heard that kind of story too..he states, if you want something, get rid off things you dont need, sell themthrow them to earn a space for that something you truly want.

    great!!

  9. #39
    Quote Originally Posted by ;
    yess, I have heard that type of narrative too..he states, if you would like something, get rid off things you dont need, sell them, throw them to make a space for that something you really want. Great!!
    That is the point. I've finished e-mail for profesor from college that fired me Now. The longest and most grateful e-mail I've ever written to someone. Occasionally benefit from outside is needed

    Hope you're doing well

  10. #40
    Quote Originally Posted by ;
    quote That Is the Purpose. I have finished email for profesor. The longest and most grateful I've ever composed to someone. Sometimes benefit from outside is required Hope you're doing well
    thats true friend...

    one motivated either by love or despise desire most of us have that from love.

    Hope we both keep doing nicely

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