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     davkell
Member
Username: davkell
Post Number: 543
Registered: 07-2004
Rating: N/A
Votes: 0
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| | Tuesday, October 16, 2007 - 07:56 pm: |  
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Hi all;
It is with great reluctance that I have decided to hang up my trading hat indefinitely.
Effective trading requires many things, and unfortunately I have to admit that I am missing two very important requirements of an effective trader. They being, time and money! In my years of learning the trading game (1999 was my commencement) I have learnt all the hard lessons, those that teach you that trading is mainly about money management and psychology. Those I have down pat! Unfortunately, with young kids, shiftwork etc, I don't have the proper time to devote to my trading. And this is made even harder with a trading balance that won't even buy a decent Plasma!!!
Perhaps in a few years time, I shall return with past experience as my psychological base, and a decent capital base to trade with. Because the latter is currently too big a hurdle to trade effectively without.
I will keep a presence within the forum, because there is always an opportunity to learn something new, or share ones insights with others.
Cheers all.
"Trade Your Way To Financial Freedom" - Van K Tharp
"Manage the downside; the upside will take care of itself" - Donald Trump
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tbreak
Member
Username: tbreak
Post Number: 126
Registered: 06-2004Rating: N/A
Votes: 0
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| | Wednesday, October 17, 2007 - 08:17 am: |
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Sorry to hear - Wish you all the best 
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jimdene
Member
Username: jimdene
Post Number: 146
Registered: 07-2005Rating: N/A
Votes: 0
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| | Wednesday, October 17, 2007 - 12:55 pm: |
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Dave you say money management and psychology are not your reasons for stopping trading, my main reason for losing heaps and starting all over, with a $4,000 balance.
Do you mind me asking "Was it a trading system therefore that didn't work"?
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hershy
Member
Username: hershy
Post Number: 2121
Registered: 10-2002
Rating: N/A
Votes: 0
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| | Wednesday, October 17, 2007 - 07:08 pm: |
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Dave,
Sad to see you go. Best of luck with everything.
Hershy
"The safest way to double your money is to fold it over and put it back in your pocket."
http://members.optusnet.com.au/~hershy/
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captain_chaza
Member
Username: captain_chaza
Post Number: 2761
Registered: 02-2003Rating: N/A
Votes: 0
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| | Wednesday, October 17, 2007 - 08:07 pm: |
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Ahoy Officer Davkell
That sort of Surrender is repugnant to me
I remind you that I have never ever lost a ship
except for twice
Both were no fault of mine
Salute and Gods' speed
"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893
"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897
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hershy
Member
Username: hershy
Post Number: 2122
Registered: 10-2002
Rating: N/A
Votes: 0
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| | Wednesday, October 17, 2007 - 08:43 pm: |
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Of course not !
"The safest way to double your money is to fold it over and put it back in your pocket."
http://members.optusnet.com.au/~hershy/
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davkell
Member
Username: davkell
Post Number: 546
Registered: 07-2004
Rating: N/A
Votes: 0
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| | Wednesday, October 17, 2007 - 09:16 pm: |
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Not really sure how to take your post Chaza.
But let me say, I haven't surrendered, consider it a temporary stay of shore, till a better ship appears to cross the treacherous waters.
"Trade Your Way To Financial Freedom" - Van K Tharp
"Manage the downside; the upside will take care of itself" - Donald Trump
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palace
Member
Username: palace
Post Number: 816
Registered: 06-2003Rating: N/A
Votes: 0
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| | Tuesday, November 06, 2007 - 10:26 am: |
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au revoir davkell
trust it wont be too long
all the best
mick
C:\Documents and Settings\Michael\Desktop\flying pig.gif
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ohkoolnutz
Member
Username: ohkoolnutz
Post Number: 699
Registered: 10-2005
Rating: N/A
Votes: 0
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| | Monday, December 17, 2007 - 04:59 pm: |
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<startcopy>
Colin,
I have given it almost three years of practice but I am definitely not making profits. I hate to admit it but I don't have the skill to trade. My day job is well paid and covers the expenses of my life style. I am also starting a new day job in January which will take up my time and energy . I am well paid and I would have to achieve 60% annual portfolio return in trading just to match my day's wages. Trading doesn't add anything to my quality of life and it may be the main reason I fail at it.
It was a worthy exercise to start at a young age because I can't fathom the idea of having put more money at risk at a later time. It's best to lose 6 months worth of wages at age 30 than to lose 6 years worth of wages at age 60. I am single and I have had it easier than persons who have dependents to feed and nurture, trade and carry a day job.
I would like to request that you cancel my Premium Subscription for the next billing cycle and thereafter.
I thank you for all provided services and an outstanding customer service.
Regards,
<endcopy>
---
ohk
Lies, Damn Lies and Technical Analysis
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hershy
Member
Username: hershy
Post Number: 2170
Registered: 10-2002
Rating: N/A
Votes: 0
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| | Monday, December 17, 2007 - 05:58 pm: |
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oh Kool One,
Nuts, I say !
So sorry to see you go.
You were an asset to the forum, that's for sure.
Best of luck in all future endeavours.
Peter
"The safest way to double your money is to fold it over and put it back in your pocket."
http://members.optusnet.com.au/~hershy/
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msparks
Member
Username: msparks
Post Number: 1165
Registered: 10-2004
Rating: N/A
Votes: 0
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| | Monday, December 17, 2007 - 08:56 pm: |
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Good luck O cool one
When you return to trading /investing you will be a 100 times wiser and knowledgable than the average Joe with a super fund to play with.
Hard to work out why it wouldn't work for you,but i know the drag of a job and trading do not work really unless you have a longer term weekly system similar to the great "stevo" that used to post around the traps.
It is a dangerous market now and recently, best to be in cash me thinks.
cheers
" I have my own unique system "
" I buy high and sell low "
"Money is not the main game , it is sticking to the plan, through thick and thin , unwavering from a disciplined approach to share trading "
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