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Thread: Only bad traders

  1. #21
    pamlodokzalvwzpalomero
    Guest
    Quote Originally Posted by ;
    quote Well you had plenty of time to take profit....or at least lock some in....when you see the momentum evaporating....smaller candles. . .dojis etc.....the flattening out of the price. . .meaning not going down or up....its time. Sure you know that....and if its only demo....there isn't a care variable...I am a struggling trader....not embarrassed to acknowledge that it....its a lengthy road man....but a man put me onto a book I think is pretty great....thanks to him. Its in a commercials thread....so hope this link doesn't stuff up your threadhttp://www.forum.com/showthread.php?p=8475574Look...
    Nothing to be embarrassed for certain and you are welcome here to post whatever you like. Be it charts, ideas or a joke you heard from a man slicing meat in the deli.

    I've read the book. . twice.

    In my opinion I believe that novel is probably one of the most overrated books in gambling. Mark Douglas may have written the whole premise of the book in 3 pages or less. The remainder of the novel is him telling stories only acting as filler because of his publiion.

    And that I never had any intention of accepting profit or bending in profit. This thread is more about changing the way I look at reduction. . err risk. On a negative note, frankly I am a very closed minded person, not receptive to new things, to which additionally another goal of the is I am reading what others have to say multiple occasions and trying to put myself into their thinking, but this is needs to do much more with my personal behavior rather than my trading behavior.

  2. #22
    irenedsimli
    Guest
    Quote Originally Posted by ;
    This thread is more about changing the way I look in the loss. . err risk. On a side note, honestly I am a very closed minded person, not open to new things, to which additionally another goal of this is I'm reading what others have to mention multiple times and attempting to put myself into their thinking, but that is must do more with my personal behavior instead of my trading behavior.
    If changing your mindset towards losses is the target attempt reading up on how great traders take action. Ed Seykota once said that a plogical egy would be to celebrate your own losses.

  3. #23
    variux89
    Guest
    Quote Originally Posted by ;
    quote I tried that once. I put up Forex trade copier 2 and place it to reverse mode. It didn't work welll. The very first week the reverse account left some cash, but after that my mind made the connection I was making money when the non-reverse account was losing cash. I ended up cutting my winners brief and allowing the winners run, that was shattered the opposite account. This entire thread is a bit of tongue in cheek, possibly trading has less to do with entries/stop losses/take profits and more on the way the trader copes with loss.
    Perhaps, but when I first began it was only a match to conquer. I didn't know about the emotional side because it wasn't real yet. I understood that entering the market was simple. The exit point was the challenging part. It was only hard though because I had been reading about the way other folks traded, and they are basically clueless. I realize that not understanding the exit is probably what drives the emotion. You spend logic to figure the entrance, but revert to feelings to know the exit.

    I do not understand how to transaction lines actually. I dismissed that technique because the leaves appeared to be made up. How do I know which line to depart on? Nobody has some idea. Therefore, it opens emotional choices cause you start betting. You can see the breakout for the entrance, but there is no breakout for the exit. Because I do not understand anything about that technique, then I would assume your very best exit is to await the next breakout, but because of the emotional control of the transaction, and I have read on forums, I do not think anyone is trading like this.

    For me, since originally it was only a game, like chess, I designed a way to measure relevant regions of the grid at which price was contained. Then I developed methods of quantifying momentum. When momentum dissipates at containment, the transaction is usually finished. Then simply trade another direction until once more momentum slows at price containment. That's how practically everything in the actual world is measured, but for some reason, and really I understand why, no one does it for trading. Why? Lack of skill.

    How can a company know just how many products it can create and the number of employees it should do it, and what they are able to pay each person for their work? It is precisely the identical formula I use for trading. I am able to see the points at which price cannot go any higher or lower and make trading decisions there. It is all based on precisely the exact same probability methods which every successful company on earth uses. Again, trading though is filled with individuals who do not have any instruction, do not want to get the practice, but want to be successful, like gambling horses, or even red/blackplaying or playing poker. But, really, trading isn't anything like this. It is actually very predictable if you use the right tools.

    Good Luck to you!

  4. #24
    Antilast77
    Guest
    Quote Originally Posted by ;
    Second post is what I am trying to do this. I've got a notion, and it will be good if others joined in, but honestly I doubt it. Since I'm a lousy trader the one thing I do and can do well is to take losses, therefore I will play with my strengths. I will take loss after reduction. Here are the rules. 1. Mechanical system only (Entrance and Stop losses can't be discretionary) 2. Must use small halt losses (Small cease losses are required to guarantee long term lossabilty) 3. No Require profits (If I wish to take losses well, taking profits will only get in the way)...
    You need to take a teaspoon of cement. You understand that even adopting the Costanza Principle that nothing is going to keep you away from the steady rhythm of San Quentin. Face it....harden up and training these mantras to prepare yourself.


  5. #25
    Yaoxkita
    Guest
    Would youote=dkrock;8492425]quote Maybe, but when I first began it was only a game to conquer. I did not know about the plogical side since it was not real yet. I understood that entering the market was easy. The exit point was the hard part. It was only difficult though because I had been reading about the way other folks traded, and they're basically clueless. Now, I realize that not knowing the exit is likely exactly what drives the emotion. You spend logic to calculate the entry, but revert to feelings to be aware of the exit. I do not understand how to trade lines really. I dismissed that technique...[/quote]lt;/pgt;

    Would you mind sharing, in which you start looking for the momentum, on what timeframe....maybe a chart....would be curious if you've got time....thanks.

  6. #26
    poreledans
    Guest
    Poor trader on board..im beyond poor, im brutal, dumb and callous, as the market did to me...

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