suggestions on funding your trading account for new traders

Discussion in 'Trading' started by mute9003, Jul 15, 2024.

  1. Darc

    Darc

    Seems straight forward:

    1. Earn more or spend less. Vincent was a Door dasher/GrubHub great in-between trades (I think Vz does similar).
    2. Prop firm.
    3. Get someone to finance you

    I wouldn't try Gay4pay. Ted said it wasn't worth it.
     
    #31     Jul 16, 2024
  2. Darc

    Darc

    How long have you been learning?

    He's a thought.

    I've probably spent as much time learning trading as I did getting my Accounting Degree. Getting a degree was easy, they spoon feed you the information. Learning to trade is difficult, you have to find the information/knowledge yourself.
     
    #32     Jul 16, 2024
  3. Coin Flip

    Coin Flip

    Uber and Doordash. Tips add up.
     
    #33     Jul 16, 2024
  4. PPC

    PPC


    The actual problem is that what you think is the problem is not the problem at all.

    The real problem is that some people simply are not ready for certain thing, but they don’t get it, (turn the sound on :D);

    www.facebook.com/uniladmag/videos/4390496617640030/
     
    #34     Jul 16, 2024
    Laissez Faire and p0box4 like this.
  5. mute9003

    mute9003

    Yes and i work on those and make another thread.
    This is a separate problem. this specific one stops me from trading good setups when i run out of cash to trade i just sit there and watch them climb up and not able to trade those setups and not be able to enter them into my tradervue as my actual trades.
    Faking a trade and pretending that i bought at this price and exited at this price is not same. I want to actually take trades since im woeking on that stupid self sabotage shit from my other post.
    Papertrading and pretend trading dont activate same emotions and when i paper trade im a cowboy. But when i see a real money loss my strategy collapses. Thats why i trade small amounts with real money and im prepared to lose some trades
     
    #35     Jul 16, 2024
  6. newwurldmn

    newwurldmn

    you aren’t answering his question.
     
    #36     Jul 17, 2024
    deaddog likes this.
  7. PPC

    PPC


    First of all, it’s always easy for amateurs to attribute their successes to their “skills” while attributing failures to bad luck (or lack of funds in your case). This Success/Failure Attribution bias is what keeps you (and other people) in the markets until they lose lots of money. You need to become introspective and be willing to take responsibility for your own results instead of blaming it on external factors.


    Instead of seeking more funds so you can ‘overtrade’ (your negative expectancy) while continuing to reinforce your counterproductive habits, how about asking more empowering questions such as “How can I develop as a trader and improve my trading efficiency with my limited capital”?


    I’ll repeat myself (not to annoy you, but because you need to hear it, and for the sake of your family) . . . you don’t seem to have the necessary patience, you seem to be somewhat addicted to the action (massive problem), you’re under financial stress, etc, and you need to work on your issues.


    Honestly, you’re much better off demo trading for a while (say a year or so) while working on your edge and personal issues.

    Anyway, good luck to you in whichever way you decide to proceed.


    A man has to guard against many things, and most of all against himself - Jesse Livermore
     
    Last edited: Jul 17, 2024
    #37     Jul 17, 2024
    engineering and ironchef like this.
  8. hilmy83

    hilmy83

    You can sign up on collective2 and be signal provider. They let demo trader to trade, so you don't need a real account. Average subscription per follower is like $200
     
    #38     Jul 17, 2024
  9. Coin Flip

    Coin Flip

    Yeah but I heard it takes at least 6 months to build a track record so that people will actually subscribe to your signals?
     
    #39     Jul 17, 2024
  10. Yes it's not easy, that's why I talked about the potential of considering this option. All things considered I think prop firms are the best no matter what.
     
    #40     Jul 17, 2024