Some silly ways of looking at P/L

Quoting hanover

Disliked

I believe that mindset #3 is something like a 'zen' state, where the trader becomes totally focused on the market, rather than basing his decisions on the results of prior trades, or his P/L. I see it as being a little like blackjack, where the correct play is always to play the cards in front of you, and the relevant probabilities; it has nothing to do with the result of previous hands, or your P/L for the session. The market takes no cognizance of the trader's P/L, therefore there's no mathematical edge in making P/L-based decisions.

Ignored

Quoting hanover

Disliked

Seneca_pilot sums it up thus: {quote} I'm trying to work toward mindset #3 myself. Intellectually, the concept is simple enough; existentially, it's not quite so easy. Cheers & profits, David

Ignored