Attachments: Quotes and Videos for Traders

Quotes and Videos for Traders

#241
Apr 6, 2017 1:49pm Apr 6, 2017 1:49pm

AlexC
Joined Jan 2010 | Status: Primary Technical Trader | 8,593 Posts

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#242
Apr 6, 2017 2:15pm Apr 6, 2017 2:15pm

frx_trader
| Joined Jun 2012 | Status: Analyst | 3,688 Posts

Quoting AlexC

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Please advise us what do you mean by identical situation? Please tell me if identical situations always have the same result.

Please consider the aggregate result, the long run. You can have 100 :1 winning trades, yet you lose. Or you can have 100 : 1 losing trades, yet you win.

Since more than half traders lose, yet most traders think they can win if there is one more chance. And more chances. More chances. etc.

#243
Apr 6, 2017 5:38pm Apr 6, 2017 5:38pm

AlexC
Joined Jan 2010 | Status: Primary Technical Trader | 8,593 Posts

Quoting frx_trader

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{quote} Please advise us what do you mean by identical situation? Please tell me if identical situations always have the same result. Please consider the aggregate result, the long run. You can have 100 :1 winning trades, yet you lose. Or you can have 100 : 1 losing trades, yet you win. Since more than half traders lose, yet most traders think they can win if there is one more chance. And more chances. More chances. etc.

Ignored

From one's own profitable experience, if the market appears exausted, you expect a reversal. It would be undisciplined, in an identical situation, to trade it as a continuation cause your expert analysis & calculated odds don't favor it. Remember, there are no guarantees cause we are dealing with propabilities.
What the quoted trader/author refers to is to basically be consistent. Period.
In reference to what most traders think, most lack trading experience and money managment skills.

#244
Apr 6, 2017 6:16pm Apr 6, 2017 6:16pm

Pips_Cruiser
Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts

Quoting AlexC

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{quote} From one's own profitable experience, if the market appears exausted, you expect a reversal. It would be undisciplined, in an identical situation, to trade it as a continuation cause your expert analysis & calculated odds don't favor it. Remember, there are no guarantees cause we are dealing with propabilities. What the quoted trader/author refers to is to basically be consistent. Period. In reference to what most traders think, most lack trading experience and money managment skills.

Ignored

Good answer!

#245
Apr 6, 2017 6:17pm Apr 6, 2017 6:17pm

Pips_Cruiser
Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts

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#246
Apr 6, 2017 6:43pm Apr 6, 2017 6:43pm

AlexC
Joined Jan 2010 | Status: Primary Technical Trader | 8,593 Posts

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#247
Apr 7, 2017 12:24pm Apr 7, 2017 12:24pm

AlexC
Joined Jan 2010 | Status: Primary Technical Trader | 8,593 Posts

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#248
Apr 7, 2017 12:27pm Apr 7, 2017 12:27pm

AlexC
Joined Jan 2010 | Status: Primary Technical Trader | 8,593 Posts

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#249
Apr 7, 2017 12:36pm Apr 7, 2017 12:36pm

AlexC
Joined Jan 2010 | Status: Primary Technical Trader | 8,593 Posts

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#250
Apr 8, 2017 12:41pm Apr 8, 2017 12:41pm

Mertens
| Joined Nov 2016 | Status: Trader | 221 Posts

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#251
Apr 8, 2017 1:11pm Apr 8, 2017 1:11pm

Pips_Cruiser
Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts

Quoting AlexC

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That quote would make a great signature.

Quoting CARP.BLUFFS

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Linda Raschke: Fix mistakes immediately https://youtu.be/wBwSxO3s-Gs

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She's got several very good videos.

#252
Apr 8, 2017 1:15pm Apr 8, 2017 1:15pm

Pips_Cruiser
Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts

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#253
Apr 10, 2017 9:03pm Apr 10, 2017 9:03pm

AlexC
Joined Jan 2010 | Status: Primary Technical Trader | 8,593 Posts

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#254
Apr 10, 2017 9:14pm Apr 10, 2017 9:14pm

RondaRousey
Joined Jan 2017 | Status: Trader | 695 Posts

Quoting AlexC

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Disagree with this one.

if an investor stayed fully invested in the S&P 500 from 1995 through 2014, they would have had a 9.85% annualized return.
However, if trading resulted in them missing just the 10 best days during that same period, then those annualized returns would collapse to 6.1%.
Missing these days does so much damage because those missed gains arent able to compound during the rest of the investment holding period.

Jesse Livermore went bankrupted

You came here for the truth and let me unveil it for you

#255
Apr 10, 2017 9:43pm Apr 10, 2017 9:43pm

AlexC
Joined Jan 2010 | Status: Primary Technical Trader | 8,593 Posts

Quoting RondaRousey

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{quote} Disagree with this one. if an investor stayed fully invested in the S&P 500 from 1995 through 2014, they would have had a 9.85% annualized return. However, if trading resulted in them missing just the 10 best days during that same period, then those annualized returns would collapse to 6.1%. Missing these days does so much damage because those missed gains arent able to compound during the rest of the investment holding period. Jesse Livermore...

Ignored

Don't forget, Livermore was not a 10% per annum trader. He was the top trader of his time and well respected by his peers. He could make a fortune and loose it as well. He could find big lenders easily to fund him again cause he knew the game and they knew it too.
Here, he's simply relaying the fact that emotions are a human factor and taking a break can help releave those pressures.

#256
Apr 10, 2017 10:43pm Apr 10, 2017 10:43pm