RSHobo
Recruit
- Messages
- 1
Hello, everyone. My name is Richard and to a lot of you I am sure, I am fresh off the bus to camp. First of all, I want to preface this post with this: I originally had the intention of thinking I could come on here, post a complaint, get a resolution and be done with it. After much research and thorough inspection, I humbly apologize for ever thinking that in the first place and that is surely not my intentions here now. I commend all of you for what you are doing and helping out in this cause. This industry is very mysterious to new people like myself and especially since I have no one in the real world with any experience with trading or investments at all anyway.
Now, I have been a professional Executive Chef for the past 14 years. Spending about 11 hours in the kitchen and 3 in the office. Then back home, 6 days a week, most weeks. I was ready for a change, that is for sure. But where could I go that would allow me to use all of my skills at once like I could in the kitchen (not including cooking abilities, there is WAY more that goes on in a kitchen than just cooking food, lol.) So, I wanted to become a trader, huh?
That being said, I have definitely done my due diligence as far as I can tell, learning as much as I possibly could absorb. Sounds like most new traders, huh? I was really excited too, so many companies, so many different ways to play the game. I had/have a pretty good "concept" (notice I put that in quotes) of what I think the market is and how to play the game just enough to dip my toes in. Only problem? I bet this story is quite similar to a lot of the people here. No capital. Of course. I wanted to play the game but without enough money for a leveraged account and surely I couldn't afford $25k to get around the PDT rule. So, I started looking into some other things.
I looked up so many different ways that a person could get started in trading, whatever way possible. I looked at crypto, because it was easy to obtain by mining. So I started trading that, small successes. Crypto was only in fractions of pennies and there was no leverage. I found one company that allowed me to trade the crypto with leverage but lots of hidden fees here and there. I tried a few prop funding companies and tried their challenges. I succeeded in one of the challenges but noticed that their software was "buggy" (possibly being manipulated) and I refused to proceed to the live account and demanded my money back (Which I did get, to my surprise.)
So, I did not really want to pump in another $500 to a prop funding company just to possibly lose to at no fault of my own. I'm not a gambler at all and once my money is in jeopardy like that, I get it out. Unfortunately, real life does not have any stop loss. Just your own discipline, research, knowledge, experience, etc.
Now, here I am facing another situation where I feel like I am being manipulated by a company that I will not mention yet, but feels like soon to come. I really now just want to see what I can do to help other people from experiencing the same situations that I have been dealing with for over a month now. I'm not sure if or when I will ever find a legitimate source that will allow me to trade that also meets my requirements or not; but I do know now that what is even more valuable than that is my time, my sanity and my dignity.
I spent MONTHS in these simulators (and I mean sometimes HOURS per day), I was reading books, I hand drew charts on graph paper with a compass to get more intimate with the drawings so I could hopefully develop more of an understanding of them. I went into a lot of the math and why the oscillators work the way they work. I learned about Herd Mentality or psychology of the masses. I learned about Elliot Waves and how they correlated to the Fibonacci Sequence. Support and resistance and how the Principle of Polarity works with them. The Law of Energy of Conservation and how it correlates with Stoch and RSI. Blah blah blah.
Hence why I titled the post with, the Dunning-Kruger affect is REAL! Here I am, what feels like LIGHT YEARS away from how much I knew before; defeated, slumped down in my chair, feeling worthless and wanting to give up. I feel like I don't know ANYTHING about ANY market and maybe everyone was right and I can't be a trader and it's a dead end gig, don't waste your time or money. But deep down, I really don't believe that and I really do think I can be successful at this. I do not think I have had a fair chance at this. I don't want to give up and I don't want anyone else to either if it is what they really want to do. Anyway, that was my ramble and a little bit of my backstory. I hope I can work together with some of you all soon and we can continue the good fight.
Now, I have been a professional Executive Chef for the past 14 years. Spending about 11 hours in the kitchen and 3 in the office. Then back home, 6 days a week, most weeks. I was ready for a change, that is for sure. But where could I go that would allow me to use all of my skills at once like I could in the kitchen (not including cooking abilities, there is WAY more that goes on in a kitchen than just cooking food, lol.) So, I wanted to become a trader, huh?
That being said, I have definitely done my due diligence as far as I can tell, learning as much as I possibly could absorb. Sounds like most new traders, huh? I was really excited too, so many companies, so many different ways to play the game. I had/have a pretty good "concept" (notice I put that in quotes) of what I think the market is and how to play the game just enough to dip my toes in. Only problem? I bet this story is quite similar to a lot of the people here. No capital. Of course. I wanted to play the game but without enough money for a leveraged account and surely I couldn't afford $25k to get around the PDT rule. So, I started looking into some other things.
I looked up so many different ways that a person could get started in trading, whatever way possible. I looked at crypto, because it was easy to obtain by mining. So I started trading that, small successes. Crypto was only in fractions of pennies and there was no leverage. I found one company that allowed me to trade the crypto with leverage but lots of hidden fees here and there. I tried a few prop funding companies and tried their challenges. I succeeded in one of the challenges but noticed that their software was "buggy" (possibly being manipulated) and I refused to proceed to the live account and demanded my money back (Which I did get, to my surprise.)
So, I did not really want to pump in another $500 to a prop funding company just to possibly lose to at no fault of my own. I'm not a gambler at all and once my money is in jeopardy like that, I get it out. Unfortunately, real life does not have any stop loss. Just your own discipline, research, knowledge, experience, etc.
Now, here I am facing another situation where I feel like I am being manipulated by a company that I will not mention yet, but feels like soon to come. I really now just want to see what I can do to help other people from experiencing the same situations that I have been dealing with for over a month now. I'm not sure if or when I will ever find a legitimate source that will allow me to trade that also meets my requirements or not; but I do know now that what is even more valuable than that is my time, my sanity and my dignity.
I spent MONTHS in these simulators (and I mean sometimes HOURS per day), I was reading books, I hand drew charts on graph paper with a compass to get more intimate with the drawings so I could hopefully develop more of an understanding of them. I went into a lot of the math and why the oscillators work the way they work. I learned about Herd Mentality or psychology of the masses. I learned about Elliot Waves and how they correlated to the Fibonacci Sequence. Support and resistance and how the Principle of Polarity works with them. The Law of Energy of Conservation and how it correlates with Stoch and RSI. Blah blah blah.
Hence why I titled the post with, the Dunning-Kruger affect is REAL! Here I am, what feels like LIGHT YEARS away from how much I knew before; defeated, slumped down in my chair, feeling worthless and wanting to give up. I feel like I don't know ANYTHING about ANY market and maybe everyone was right and I can't be a trader and it's a dead end gig, don't waste your time or money. But deep down, I really don't believe that and I really do think I can be successful at this. I do not think I have had a fair chance at this. I don't want to give up and I don't want anyone else to either if it is what they really want to do. Anyway, that was my ramble and a little bit of my backstory. I hope I can work together with some of you all soon and we can continue the good fight.