A Smattering of Thoughts
I think to myself over and over again that trading is difficult in the same way weightlifting is difficult (for a retail trader, at least). It's really not that technically complex, the difficult part is consistency and psychology, not mathematical or analytical prowess (although those are advantages).
Why don't more people do this? I originally had a long-winded few paragraphs about this, but I think it's just a few self-explanatory things. 1) Most people perceive the stock market to be extremely risky, and are risk averse. 2) Most people don't know (and don't want to learn) how to think probabilistically. 3) Lack of exposure and exaggerated cultural narratives, i.e. there are only big winners and big losers and everything is dependent on random chance. 4) They don't have an interest or a need.
I like risks. I get bored easily and I find risk exciting. This is one reason I paper traded for a year, I knew I was going to want to jump at everything and I would probably lose a lot of money (and I did). I enjoy statistics, although I would not consider myself a math guy, despite generally being comfortable with it. I experienced number three until I saw an ad on youtube and realized that trading was a skill that could be learned and was largely not dependent on luck (although extreme luck can make you rich or blow up your account). Once number three was out of the way, number four became huge. I had a need (I like my life, but at the moment I'm much less wealthy than I'd like to be), and that largely fueled my interest until I became good enough that it was fun and interesting.
Anyway, natural gas is way up today (a day later than I thought, grumpy face) on the cold front hitting. I don't know how long this'll stay up but futures jumped about 7 cents which is a decent move. I sold UGAZ (a little too early) and took a small position in DGAZ (also a little too early) and now I'm just waiting for it to stop trading sideways. I'm out of day trades until Thursday so I've gotta be really careful with my sizing.
That's it for today, thanks for reading.
I like risks. I get bored easily and I find risk exciting. This is one reason I paper traded for a year, I knew I was going to want to jump at everything and I would probably lose a lot of money (and I did). I enjoy statistics, although I would not consider myself a math guy, despite generally being comfortable with it. I experienced number three until I saw an ad on youtube and realized that trading was a skill that could be learned and was largely not dependent on luck (although extreme luck can make you rich or blow up your account). Once number three was out of the way, number four became huge. I had a need (I like my life, but at the moment I'm much less wealthy than I'd like to be), and that largely fueled my interest until I became good enough that it was fun and interesting.
Anyway, natural gas is way up today (a day later than I thought, grumpy face) on the cold front hitting. I don't know how long this'll stay up but futures jumped about 7 cents which is a decent move. I sold UGAZ (a little too early) and took a small position in DGAZ (also a little too early) and now I'm just waiting for it to stop trading sideways. I'm out of day trades until Thursday so I've gotta be really careful with my sizing.
That's it for today, thanks for reading.
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