Some silly ways of looking at P/L - Page 3
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Thread: Some silly ways of looking at P/L

  1. #21
    Scout, foreign funds, average cost, handling your position

  2. #22
    Quote Originally Posted by ;
    I believe that mindset #3 is something like a'zen' state, where the trader becomes totally focused on the market, rather than basing his conclusions on the results of previous trades, or his P/L. I see it where the probabilities, and the play is to play the cards before you; it doesn't have anything to do with the end result of former hands, or your P/L for your session. The market takes no cognizance of this trader's P/L, therefore there's no mathematical advantage in making P/L-based decisions.
    LOL... well, I really don't really see myself as zen-master-like, but you're right about the nose about focusing on the proverbial hand dealt in front of you, and ignoring previous winnings or hands.

    Quote Originally Posted by ;
    Seneca_pilot sums it up thus: quote I am attempting to work toward mindset #3 myself. Lectually, the concept is simple existentially, it's not so simple. Cheers profits, David
    Seneca_pilot's quote is respectful and reminds me of my obsession with backgammon, which compels me to make the best of my dice throws and also to make as few dumb checker moves as you can.

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