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Psychology and MM free zone...

  • #1
  • First Post: Edited Jul 7, 2010 9:12am Mar 3, 2009 10:25pm | Edited Jul 7, 2010 9:12am
Please take notice of the TITLE!

Id like to know what other traders...

---I would like to specify only traders above BE for several months respond, but I think this would just be Ignored anyway---

...Think is the most important factor in successfull trading?

Im very interested to hear the varying responces, usually these threads are dominated with the MM and psychology aspect, so Im guessing this thread will soon dissapear from the front page.

Prove me wrong,

Leon

EDIT:The responce 'A plan' is also banned from this thread
EDIT2:'An Edge' is also banned, since success implies having an edge.
Living the adventure in my head.
  • #2
  • Edited 11:06pm Mar 3, 2009 10:36pm | Edited 11:06pm
You are becoming one of the grumpy old men Leon

I'll say it for the 1000th time, you need need an edge and you need to know if is working or not, the end. I'd like to throw in some chanting and getting in touch with your inner child to make this sit better with the majority of posters here, but I can't tell a lie. No doubt, trading real money plays havoc with your mind, and one must be disciplined, but no amount of discipline will turn a losing expectation into a winning one.

Edit: Opps, I said 'the edge', oh well...
Edit2: Critical thinking is the most important factor IMO, is that what you meant?
The breaking of a wave cannot explain the whole sea.
  • #3
  • Mar 3, 2009 10:38pm Mar 3, 2009 10:38pm
Quoting Craig
You are becoming one of the grumpy old men Leon

I'll say it for the 1000th time, you need need an edge and you need to know if is working or not, the end. I'd like to throw in some chanting and getting in touch with your inner child to make this sit better with the majority of posters here, but I can't tell a lie. No doubt, trading real money plays havoc with your mind, and one must be disciplined, but no amount of discipline will turn a losing expectation into a winning one.
Man, your eggin' them on, stop PLEASE!!
Living the adventure in my head.
  • #4
  • Mar 3, 2009 10:41pm Mar 3, 2009 10:41pm
Quoting Leonlorenzo
Man, your eggin' them on, stop PLEASE!!
Oh, just ignore me, I'll go away!
The breaking of a wave cannot explain the whole sea.
  • #5
  • Mar 3, 2009 10:44pm Mar 3, 2009 10:44pm
Quoting Craig
Oh, just ignore me, I'll go away!
Love you realy Craig. Some flowers and a Toblerone are on their way...
Living the adventure in my head.
  • #6
  • Mar 3, 2009 11:32pm Mar 3, 2009 11:32pm
Anyone?

Come on... theres got to be more to making it big than a Little meditation and a stop-loss......
Living the adventure in my head.
  • #7
  • Mar 3, 2009 11:52pm Mar 3, 2009 11:52pm
Persistence
  • #8
  • Mar 3, 2009 11:54pm Mar 3, 2009 11:54pm
In my eyes, persistance is a psychological aspect.

And that is non-debatable because this is my thread and what I say goes.
Living the adventure in my head.
  • #9
  • Mar 3, 2009 11:54pm Mar 3, 2009 11:54pm
Quoting Leonlorenzo
Id like to know what other traders...
...Think is the most important factor in successfull trading?
Waiting for the tide to bring back the waves... and not confusing one for the others.
  • #10
  • Mar 3, 2009 11:56pm Mar 3, 2009 11:56pm
Quoting doblece
Waiting for the tide to bring back the waves... and not confusing one for the others.
Could you be a little more....... technical, with that explenation?
Living the adventure in my head.
  • #11
  • Mar 4, 2009 12:00am Mar 4, 2009 12:00am
Quoting Craig
Edit2: Critical thinking is the most important factor IMO, is that what you meant?
Critical thinking is someones mental make-up, for the purpose of this thread It is considered as part of ones psychology.

Didnt we reach an understanding earlier? I want the Toblerone back!
Living the adventure in my head.
  • #12
  • Mar 4, 2009 12:04am Mar 4, 2009 12:04am
Quoting Leonlorenzo
Critical thinking is someones mental make-up, for the purpose of this thread It is considered as part of ones psychology.
Didnt we reach an understanding earlier? I want the Toblerone back!
I've used all my stock cliches, the Toblerone is in the post!
The breaking of a wave cannot explain the whole sea.
  • #13
  • Mar 4, 2009 12:04am Mar 4, 2009 12:04am
Quoting Leonlorenzo
Could you be a little more....... technical, with that explenation?
The Market is always ranging even if trending.
A wave comes, then the tide recedes.
Understanding how the market moves and whether it's going forward on a wave or rolling back as the tide, is for me the most important aspect. And being able to wait for either behaviour.
  • #14
  • Mar 4, 2009 12:12am Mar 4, 2009 12:12am
Quoting doblece
Understanding how the market moves and whether it's going forward on a wave or rolling back as the tide.
Just to simplify a little.....

Doesnt that meen --Understanding if price is going up or down-- If so then I totally agree, I cant think of anything that would be more helpfull....
Living the adventure in my head.
  • #15
  • Mar 4, 2009 12:12am Mar 4, 2009 12:12am
Quoting doblece
...Understanding how the market moves...
Agreed. And how do you achieve this? Persistence, psychologically and physically.
  • #16
  • Mar 4, 2009 12:17am Mar 4, 2009 12:17am
Quoting NuckingFuts
Agreed. And how do you achieve this? Persistence, psychologically and physically.
So you are in the camp that trading can only be learnt and not taught?
Living the adventure in my head.
  • #17
  • Mar 4, 2009 12:26am Mar 4, 2009 12:26am
Quoting Leonlorenzo
Just to simplify a little.....

Doesnt that meen --Understanding if price is going up or down-- If so then I totally agree, I cant think of anything that would be more helpfull....
That's half of the picture.
The other half is spotting the difference it makes when going down while going up (or viceversa) or when going down while going down, or just going up and down without a defined direction.

To simplify: recognizing pullbacks vs. reversals on trending, and consolidation periods in sideways markets.

The obvious only shows up when totally focused and when you know what can be expected from the market, and adapt your own expectations to what it has to offer, not the way around. But always knowing what you want (for example, buying or selling at one precise price) and waiting for the market to come and agree, and if it doesn't, staying out until you both can come together to an agreement.
  • #18
  • Mar 4, 2009 12:26am Mar 4, 2009 12:26am
Internal control and so taking only the A1 trades based on a good analysis.

Most new traders think that they don’t trade if they don’t have an open position.

I hope that doesn’t fall in the psychology rubric
  • #19
  • Mar 4, 2009 12:27am Mar 4, 2009 12:27am
Quoting Leonlorenzo
So you are in the camp that trading can only be learnt and not taught?
Not necessarily no.

There's a lot you can learn from a teacher (book, mentor, whatever), and there's a lot you cannot (well I couldn't anyway ). Most of the things I could not learn without experiencing them first-hand were the psychological aspects of trading.

We all learn differently, so what may work for me, may not work for you.
  • #20
  • Mar 4, 2009 12:30am Mar 4, 2009 12:30am
Quoting doblece
That's half of the picture.
The other half is spotting the difference it makes when going down while going up (or viceversa) or when going down while going down, or just going up and down without a defined direction.

To simplify: recognizing pullbacks vs. reversals on trending, and consolidation periods in sideways markets.

The obvious only shows up when totally focused and when you know what can be expected from the market, and adapt your own expectations to what it has to offer, not the way around. But always knowing what you want (for example,...
We will call this 'The abbility to read PA'.

Anything other than this anyone?
Living the adventure in my head.
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