I had a realization in recent weeks, It came when I was reading my horoscope of all things. I cant remember the exact wording but it was something like:
Once you realize things will never be perfect you can start growing and becoming a mature and fully developed human being
or something. Anyway when I read it I immediately thought of trading and had one of those fleeting moments where everything is clear. I realized there can never be a perfect system for trading because once it's discovered it becomes imperfect and stops working. I think having this realization it a big step for my trading career. For years and years I searched for an EA that was "intelligent" and could outsmart the market. I don't consider myself a trader I consider myself a programmer. A trader spends all his time looking at charts. I feel more at home looking at equity curves and deciphering back-test results and weighing up probabilities. However in the end myself and the trader are not all that different. I am finally making some profit but the FAR MORE IMPORTANT thing is I've become "desensitized" or "immune" to the advertising and hype that is rife in forex. It's funny, a year ago I came up with a lousy system that I hadn't properly backtested and was too quick to open an account (which I blew).
A year later (now) I'm researching and improving my system and have it running on demo (and it's profiting nicely) and I feel ABSOUTELY NO rush in opening a real money account. It seems almost as if laziness has become the predominant influence in my trading.
Once you realize things will never be perfect you can start growing and becoming a mature and fully developed human being
or something. Anyway when I read it I immediately thought of trading and had one of those fleeting moments where everything is clear. I realized there can never be a perfect system for trading because once it's discovered it becomes imperfect and stops working. I think having this realization it a big step for my trading career. For years and years I searched for an EA that was "intelligent" and could outsmart the market. I don't consider myself a trader I consider myself a programmer. A trader spends all his time looking at charts. I feel more at home looking at equity curves and deciphering back-test results and weighing up probabilities. However in the end myself and the trader are not all that different. I am finally making some profit but the FAR MORE IMPORTANT thing is I've become "desensitized" or "immune" to the advertising and hype that is rife in forex. It's funny, a year ago I came up with a lousy system that I hadn't properly backtested and was too quick to open an account (which I blew).
A year later (now) I'm researching and improving my system and have it running on demo (and it's profiting nicely) and I feel ABSOUTELY NO rush in opening a real money account. It seems almost as if laziness has become the predominant influence in my trading.