btw I know my advice is useless..
Trading is 90% mental - Second guess yourself, you'll fail 13 replies
I want to learn and learn 53 replies
Trading by yourself vs Letting someone trade for you 24 replies
Its better learn wisdom late, than never to learn it at all 8 replies
How do you prevent yourself from opening the trading platform. 7 replies
Disliked{quote} But should one be able to give the probability for certain trades.. in advance... then he should just code it in the TE and wait for a billion, trading till it matches the edge (levelIgnored
DislikedWhen you really understand how to trade...when to enter..when you will exit...and you have been successful. Then....and only then.....will you trust yourself. This won't happen overnight or without pain. It takes time.Ignored
DislikedExcellent thread! I think this really gets into the realm of epistemology. Most people accept empiricism so if you have a winning demo track record or your system is backtesting well you could probably trust yourself on that basis. However, individuals such as Karl Popper wouldn't accept evidence as truth alone and logically wouldn't be susceptible to certain pitfalls (ie black swans) where you're assuming a future outcome will take place based on past outcomes. The end result with Popper is you can never really be sure of anything. George Soros,...Ignored
Disliked{quote} I kinda agree.. for instance if I'm a trend follower it's because I assume, yes ASSUME that the market will be trending in the future, because it was trending in the past. it's just assumptions, but as human beings we can only assume.. in reality everything is possible.Ignored
Disliked{quote} Hey mate, first things first please understand in a long run view seldom few make money here... all this shit you have happening EVERYONE can relate. The market is a vindictive bitch.. but that said there is a way around your problem. This is a business... you cant really judge a business day to day trade to trade. Every business is different but broadly speaking your goal is to end up with a profit... monthly, quarterly, yearly ... expand your view first and foremost.. so second to that a business has running costs, in trading terms these...Ignored
Disliked{quote} Awesome post! This is a very important lesson to learn. There's no way around not having losing trades. The focus should be on having more winners than losers over time. A strong strategy, ALWAYS sticking to your trading rules, and a good money management system for account growth over time can achieve this imo. Again, thx for the post , we all need to hear this at times.Ignored
Disliked{quote} I would expand this a little futher... In the endgame only ABSOLUTE return counts... There are certain strategies that have relatively LOW win-rate.. but the overall outcome/picture is MONEY (profit) at the bank This win-rate is very poorly understood... Also there are BURNERS.... where you have to FORGET previous attempts... Just SET and FORGET... otherwise it might kill you (if you lose So it means that if you "burn" 9x100USD... and the 10th burner gives you awesome profits... outweigting all the previous loses,...Ignored