DislikedI am not.. I am just a retail trader... Maybe Loozers is the pro... {quote}Ignored
I am suffering from the Dunning Kruger effect , I am not intelligent enough to be a pro.You guys are the pros.
Why professionals "only" make ~30% anually 130 replies
Emotions, trading and professionals 0 replies
Changing Market Environment-Professionals Vs Mediocre traders 1 reply
DislikedJust saying cause New York floor traders trade everyday and they are a pro. Bunch of market makers manipulating the market that is hah hah. By the way not all pro's make money. There are also loosers at the NY Floor. Well I know of one. Not gonna say name used to be on the floor now he sells signal service to make a living. hah hahIgnored
DislikedJust saying cause New York floor traders trade everyday and they are a pro. Bunch of market makers manipulating the market that is hah hah. By the way not all pro's make money. There are also loosers at the NY Floor. Well I know of one. Not gonna say name used to be on the floor now he sells signal service to make a living. hah hahIgnored
Disliked{quote} I gave you a profitable signal yesterday, to enter the Dax. It made 50 points, but you did not take it.I got greedy and wanted more i.e100 , still holding , trading psychology is more important.Ignored
DislikedBeing able to decide NOT to trade is the retail trader's biggest edge imho...Ignored
Disliked{quote} The hardest part is taking a loss , nobody likes losing, the professionals use EAS/automation to cut their losses automatically. When it is time to take a loss , we have these ancestral genes.Here is the wall street protest. The monkey brain gets a loss and starts reacting. https://www.youtube.com/watch?v=XJHK4qKCB3cIgnored
Disliked{quote} When it is time to take a loss , we become like these monkeys , we get clever like clever monkeys, revenge trades, add to get our losses back and all other monkey tricks up our sleeves. https://www.youtube.com/watch?v=SCrme1JQ5vQIgnored
DislikedProfessionals have to be very patient like lions.Lions don't hunt 20 times a day.Don't need to trade everyday, 20 times a day. Bill Lipschutz a great currency trader also agrees that less is more with the following quote. If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money. “How come you’re not trading?” The fact of the matter is, if most traders would learn how to sit on their hands 50 per cent of the time, they would make a lot more money. ‘Let’s say you take one position each day over a period...Ignored