Trading is like a 200mph car race, little mistake allowed | Page 2 | Forex Factory

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Trading is like a 200mph car race, little mistake allowed

  • #21
  • Jan 15, 2017 2:29am Jan 15, 2017 2:29am
Quoting jmn5611
{quote} No, nothing he quoted from Mark Douglas can be inverted. Not really trying to be adversarial, but try re reading the material.
another idiot who fails to comprehend basic mathematics.
  • #22
  • Jan 15, 2017 11:24am Jan 15, 2017 11:24am
Quoting Paintomaker
{quote} Depends on your edge, but if your edge is related with market structure is very difficult that a single entity can change that structure forever. Anyway I recommend you reading about statistics and probabilistic theory. Studing a series of trades you can learn lots of things about your trading.
Obviously, you have not read my threads or know where I learned.
My trading is derived from statistics.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #23
  • Jan 15, 2017 11:25am Jan 15, 2017 11:25am
Quoting BubaYaga
{quote} another idiot who fails to comprehend basic mathematics.
Can you stick to the argument and not make personal attacks?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #24
  • Jan 15, 2017 11:26am Jan 15, 2017 11:26am
Quoting jmn5611
{quote} I think it will take a while for some on this thread to understand what you are trying to say. It takes a while for a trader to become a winning trader versus a trader wins some trades. We are all betting. Some of us employ a type of probability. Most of us do not consider it and we take trades everywhere, all the time, with no money management an a position size that is usually too large. It is neat to watch some traders progress however.
Yes.
To some the world is flat.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #25
  • Jan 16, 2017 5:14am Jan 16, 2017 5:14am
Quoting BubaYaga
I think trading is more like walking though a jungle in the Congo than driving a 200 mph car race. I have a compass and know the general direction I want to go, but it's impossible to see very far. And the snakes, sound of Uzi, blood curdaling screams, heads on spikes and booby traps make it a hazardous journey.
That has to be one of the most interesting and vivid descriptions of Forex trading that I have ever read. Great analogy, even if it’s a little macabre.
  • #26
  • Feb 23, 2017 6:00am Feb 23, 2017 6:00am
Quoting mlawson71
{quote} That has to be one of the most interesting and vivid descriptions of Forex trading that I have ever read. Great analogy, even if its a little macabre.
It's like sitting in the back seat of a car looking backwards. The driver is the market, you as a participant won't know what's ahead since you are facing back rear window not allowed to view what the driving is seeing. When driver starts to turn, you will say, ok may be the curve will continue and kind of keep predicting it, on and on. The higher time frame will be similar to that of a big truck moving slow as opposed to lower time frame which will be faster.
All your indicators are past historical data, like the road you see while looking back of the car rear view of the road you are travelling.
Pipology 101 student
  • #27
  • Feb 24, 2017 3:11am Feb 24, 2017 3:11am
I am not convinced as yet because forex trading market is a place where one of us is buying and others are selling at the same, both parties think that they are making right decision however those who made wrong looses the money and this loss is added as profits of other party. I don't think that we are allowed to make mistakes as we have to pay for each of our mistakes.
  • #28
  • Feb 24, 2017 2:11pm Feb 24, 2017 2:11pm
does anyone know, exactly, what luck is?

the best poker players are best, because of luck?

Michael Jordan was lucky to score baskets, while most other players who score less baskets, are just unlucky?

Messi, Ronaldo and the other popular football enthusiasts, score goals because they are lucky?

who is the most lucky side in gambling? could it be the house?

who is the biggest winner in forex? could it be the market makers?

taking the market makers side is luck?!?
Maadik Hugiis. IQ 69.
  • #29
  • Last Post: Feb 25, 2017 1:58am Feb 25, 2017 1:58am
"Trading is like a 200mph car race, little mistake allowed"

I am sure it looks this way for the guinea pig in the race.

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