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The impossible-question regarding Forex

  • #21
  • Aug 23, 2011 5:05am Aug 23, 2011 5:05am
Quoting aediaz1
1. A team of people more dedicated and with the same (or more) market experience who managed to work together. The team would be one or two statistician and a couple of engineers/programmers and enough capital for 1 year to run the team.

2. Money and one hell of a head-hunter.
Q1: Personal Mega brain
Q2: To be born at the right place at the right time

For example Igrok at the beginning had no team, no trading experience, he was trading without stops but survived in FX. He had enough of resourcefulness to understand that mirroring orders placed by other customers of his dealer brings money.
  • #22
  • Aug 23, 2011 11:18am Aug 23, 2011 11:18am
Quoting wolfraider
To be born at the right place at the right time
More concrete:
Usually such a person has to be brought up (fostered) in childhood mostly by grandmother than by parents. Scientists proved that grandmom encourages & punishes less and allow the kid to develop his creativity. This kind of persons even may have strange behaviour which confirm they don't fear to go the way others don't.
  • #23
  • Aug 23, 2011 11:48am Aug 23, 2011 11:48am
Quoting aediaz1
Q: What would be impossible to do, but if you could, it would dramatically increase your trading performance?

Q 2: What would make it possible?
Q1: Knowing exactly what point price will reverse 100% of the time

Q2: For me, this is impossible, but knowing exactly where price must EVENTUALLY go 90% of the time once the reversal has happened is the closest I can get so far.
  • #24
  • Aug 23, 2011 12:36pm Aug 23, 2011 12:36pm
Q1 : manipulating the market
Q2 : a shitload of money ?!? ......






........... but then a new question arise , why do i need to trade anyway ?
  • #25
  • Aug 23, 2011 11:00pm Aug 23, 2011 11:00pm
Quoting PrymeTyme
Q1 : manipulating the market
Q2 : a shitload of money ?!? ......






........... but then a new question arise , why do i need to trade anyway ?
If I may be so bold; If you ask "why do I need to trade" then maybe you don't want to trade or are not a trader. A trader does so because that's what he/she wants to do.

It's like asking Warren Buffett why he wants to invest at his stage in the game. That's what he does.

Thank you. I hope I didn't offend you.

Disclaimer.
The opinion(s) expressed are solely my own and do not reflect anything other than my insensitive nature. They (the opinions) are only reflective of my own nature and are not binding upon the readers of this thread or owners of this website.
  • #26
  • Aug 23, 2011 11:27pm Aug 23, 2011 11:27pm
Quoting egadsforex
If I may be so bold; If you ask "why do I need to trade" then maybe you don't want to trade or are not a trader. A trader does so because that's what he/she wants to do.

It's like asking Warren Buffett why he wants to invest at his stage in the game. That's what he does.

Thank you. I hope I didn't offend you.

[size=1]Disclaimer.
The opinion(s) expressed are solely my own and do not reflect anything other than my insensitive nature. They (the opinions) are only reflective of my own nature and are not binding upon the readers of this thread or...
I think his point was that if he already had a shit load of money, there was no need for him to trade anyway. But I also understand your point.
  • #27
  • Aug 23, 2011 11:54pm Aug 23, 2011 11:54pm
Quoting egadsforex
If I may be so bold; If you ask "why do I need to trade" then maybe you don't want to trade or are not a trader. A trader does so because that's what he/she wants to do.

It's like asking Warren Buffett why he wants to invest at his stage in the game. That's what he does.
Interesting point, and that brings up a question.
What is it, that compels us to trade? ( if we take money out of equation).
Is it satisfaction of being right?
If that is a case, then it's a ego thing.
On the other hand, in order to succeed, ego must be kept on a short leash.
Conundrum, heh?
  • #28
  • Aug 24, 2011 5:09am Aug 24, 2011 5:09am
Ego of trader is pleased and satisfied by articles' and books' writing, by taeching. When success in trading is reached
  • #29
  • Aug 24, 2011 7:42am Aug 24, 2011 7:42am
Quoting egadsforex
If I may be so bold; If you ask "why do I need to trade" then maybe you don't want to trade or are not a trader. A trader does so because that's what he/she wants to do.

It's like asking Warren Buffett why he wants to invest at his stage in the game. That's what he does.

Thank you. I hope I didn't offend you.

[size=1]Disclaimer.
The opinion(s) expressed are solely my own and do not reflect anything other than my insensitive nature. They (the opinions) are only reflective of my own nature and are not binding upon the readers of this thread...

profook is right !


if i allready have a shitload of money then there is no need to trade.. why ?

well we need to earn money to enjoy live .. and i want to earn money with something i love .. and that is trading .. cause of various reasons..

if i would win several millions in the lottery ... i probably wouldnt trade anymore ... i mean that would be a big change in live .. so u never know how it impacts your current mindset..

if i would have been born filthy rich .. then no need to look something to eran money ie.. work !


however if i would reach several millions due to trading .... well thats a different thing.. and would probably start a hedge fund.. or something like that ... so still trading in the end....


it depends on how live will unfold.... just my thoughts ....
  • #30
  • Aug 24, 2011 8:20am Aug 24, 2011 8:20am
I think you missing a point.
There are plenty of people who gamble with their money.
Look at high rollers in Vegas.
They are not doing it for income.
So what drives those people to take risks?
  • #31
  • Aug 24, 2011 8:53am Aug 24, 2011 8:53am
One way to stop a runaway horse is to bet on him?
  • #32
  • Aug 24, 2011 10:14am Aug 24, 2011 10:14am
Quoting ALThau
I think you missing a point.
There are plenty of people who gamble with their money.
Look at high rollers in Vegas.
They are not doing it for income.
So what drives those people to take risks?

i dont care , what other people do and why ...


gamblers are losers anyway!
  • #33
  • Aug 24, 2011 10:48pm Aug 24, 2011 10:48pm
Quoting ALThau
I think you missing a point.
There are plenty of people who gamble with their money.
Look at high rollers in Vegas.
They are not doing it for income.
So what drives those people to take risks?
Well, for this, the answer is obvious: adrenaline rush. I know that traders are not "gamblers", or shouldn't be, but the same feelings would apply here. The rush of "Oh, man, this could be IT", or "YEAH! I just went +301 on that trade!" It's a rush, an adrenaline spike.

And, let's face it, we're a bunch of dudes, and dudes like adrenaline, and going "fast" and doing "dangerous stuff". Well, I would imagine most guys. I'm not about doing stupid-dangerous stuff, but I've been known to stunty-type stuff for the adrenaline boost.

Yeah, anyway, I think I made my point, I can stop rambling now.
  • #34
  • Sep 2, 2011 3:27am Sep 2, 2011 3:27am
I think it make sense to bring another question to the thread

Q: Wat could you do after making a lot of money in forex -
Let's say about $ 1 mio.

Answers
1) Continue trading as I can double my frofit
3) I will be back after a couple of month of vacation
2) Give up trading forever. It's enough for me.
  • #35
  • Sep 2, 2011 8:26am Sep 2, 2011 8:26am
Quoting aediaz1
Being able to ask the right question is a difficult task but is doable and might lead you one step forward in your process.

Q: What would be impossible to do, but if you could, it would dramatically increase your trading performance?

Q 2: What would make it possible?

A1: Allow US citizens to be able to trade 400:1 again.

A2: A repeal of the Frank-Dodd Act (i.e a miracle)
  • #36
  • Nov 20, 2011 2:47pm Nov 20, 2011 2:47pm
Quoting wolfraider
I think it make sense to bring another question to the thread

Q: Wat could you do after making a lot of money in forex -
Let's say about $ 1 mio.

Answers
1) Continue trading as I can double my frofit
3) I will be back after a couple of month of vacation
2) Give up trading forever. It's enough for me.
Definitely continue trading. Trading is way more fun than a single million.
Measure twice, cut once
  • #37
  • Aug 20, 2015 2:45am Aug 20, 2015 2:45am
Quote
]Being able to ask the right question is a difficult task but is doable and might lead you one step forward in your process.

Q: What would be impossible to do, but if you could, it would dramatically increase your trading performance?

Q 2: What would make it possible

Having an automatic system where I would just have to click a green button,go sleep and wake up the next day with all my trades executed perfectly with massive wins..Ha no hustle and trouble for strategies

Looks like a mere impossibility but with time and development of Technology who knows
  • #38
  • Edited 4:15am Aug 20, 2015 3:54am | Edited 4:15am
1. the question should be asked like that:

Q: What would be impossible is hard for you to do, but if you could, it would dramatically increase your trading performance?
Q 2: What would make it possible easier

2. gambling gives you dopamine shots (not adrenaline, try bungee jumping) which decreases your dopamine receptors which will make you come back for more since you don't get the same amount of dopamine as before. also the uncertain nature of trading with random outcome has the same effect, that's why it is so important to think in probabilities over a large sample size and not be to concerned about the outcome of the next trade.

and yes, i know the thread is old
Invincibility lies in the defence, the possibility of victory in the attack
  • #39
  • Aug 20, 2015 12:59pm Aug 20, 2015 12:59pm
Quoting silverheat
1. the question should be asked like that: Q: What would be impossible is hard for you to do, but if you could, it would dramatically increase your trading performance?
  • #40
  • Aug 20, 2015 1:43pm Aug 20, 2015 1:43pm
Quoting aediaz1
Being able to ask the right question is a difficult task but is doable and might lead you one step forward in your process. Q: What would be impossible to do, but if you could, it would dramatically increase your trading performance? Q 2: What would make it possible? {image}
1. Perfectly predict price action ie know exactly where the lowest low and highest high will be...... and/or reacting to losing trades with serenity.....

2.With time think both of those will improve but neither will ever be perfect...... imo it would be impossible to perfectly predict the market and also impossible to have no reaction to the times you lose a trade.....
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