- Joined May 2005 | Status: Member | 1,494 Posts
In trading, there is no bullshit. You either make money or you don't.
How do you deal with your losses? 87 replies
Do you believe tight stop-losses cause losses in the long run? 76 replies
Do you believe fixed stop-losses cause losses in the long run? 16 replies
Deal or no Deal Syndrome and other conditions that affect traders 6 replies
Are you a small speculator? Then I know where your Stop Losses are! :) 11 replies
DislikedEarly on I realized that trading is 90% mental, the other 10% is in your head. Cliche, I know, but never the less it is true......Ignored
DislikedIf the only barrier is psychological, then simply use an EA that makes random entries and exits.Ignored
DislikedIf the only barrier is psychological, then simply use an EA that makes random entries and exits.Ignored
DislikedI believe psychology to be the most important aspect of trading. .......Ignored
DislikedI strongly agree with David and Tdion, as I've stated more and more times. Maybe it's time to suggest one more time the reading of this post.
Ignored
DislikedI think he possibly contradicts himself though.....
Compare "Myth #2: Anyone, with dedicated effort, can get to the point of trading for a living." with his later comment "It takes concerted practice and the cultivation of skills at reading and acting upon market patterns."
The first statement seems to suggest that successful traders are born rather than made; the latter that one can get there with sufficient practise. Even after re-reading the article, I don't think I'm quoting him out of context.Ignored
DislikedHence I agree with 300%mark that mechanical strategies are preferable, provided that they have the intelligence to discern genuinely profitable trading patterns. Mechanical systems have the additional benefit that they can be objectively tested.Ignored
DislikedHence I agree with 300%mark that mechanical strategies are preferable, provided that they have the intelligence to discern genuinely profitable trading patterns.Ignored
Dislikedbut one thing that i can't understand is people that use Tradestation, Metastock or any other software to test they systems and then trade it manually... If the system can be tested, it is mechanichal, if it is mechanichal why trade it manually??? I really can't understand this. Merlin said that even if he has a mechanichal system he prefers to be there to push the botom... i can't understand it.Ignored
DislikedThe human brain is the most sophisticated instrument you will ever own. Banks and the serious big hitters have pumped billions and hired some of the greatest mathematical minds to develop models that outperform the markets and as far as I know they have not succeeded.Ignored
DislikedIn any case, does it not take the same amount of mental discipline and faith to take a computers signals as it does to take your own?Ignored