Episode 129: Probabilities, Uncertainties and The Truth About Trading
http://traderspodcast.com/episode129/
http://traderspodcast.com/episode129/
tradewith60
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DislikedEpisode 129: Probabilities, Uncertainties and The Truth About Trading
http://traderspodcast.com/episode129/Ignored
DislikedHey got your live curve on display, nice work. Is your system mechanical?
Could you program it?Ignored
Disliked
In other words, you have the balls to Lose (by trading more aggressively after taking some losses) but not the balls to win (maybe you make a small win and call it a day because you don't want to be greedy (but really it is that you fear giving back what you've made).
G/LIgnored
DislikedSo what about the 10 trades that were up 30 - 60 pips that stopped you out at B/E before you hit your 10R?
Again though, the focus of this thread is on your actions and reactions to win streaks and loss streaks and how they affect your work rate. Not talking about trades specifically.Ignored
DislikedI understand our little banter in the TAF thread last night got you randy but I feel it my moral duty to inform you I'm not a chick.
No religious speak in here either thank you.
Cheers for all the replies, still soaking them in...Ignored
DislikedThis type of situation happens all the time.
Its basically the fallacy of being in control and that you are some how responsible for the outcome of a trade.
A profitable trade can only occur by the actions of other traders. Not your actions.
If we agree that a profitable trade can only occur by the actions of other traders (you buy and then AFTER you trade other traders also buy putting your position into profit) then we can see that we totally depend on other traders for profit. As we cannot control or predict what other traders will...Ignored
Dislikedincrease your targets to 10R. This will make you trade less and more profitable and you wont have to fight 'i am good' disease.Ignored
Disliked
Chances are you will loose more than 10 R trying to hit a 10 R trade...Ignored
DislikedI understand our little banter in the TAF thread last night got you randy but I feel it my moral duty to inform you I'm not a chick.
No religious speak in here either thank you.
Cheers for all the replies, still soaking them in...Ignored
DislikedGREED IS GOOD.. remember that!!.. greed is good in all its shapes and forms.. greed for money, greed for life...
..to have the balls to win you'll need to be greedy as a trader.. greed will will you to accept risk and riskier.. if we can't cope with that, you and I better look for something else pal.Ignored
DislikedDo you have the balls to Lose, But not the balls to Win?
I have both
but these two of my balls,,likely be happy when being served with soft and gently
Do not chafe ,,,just kidding,,,
salaamIgnored