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Old Feb 20th, 2012, 02:32 PM   #151
Redneck
 
 
Join Date: Dec 2008
Location: 32 80 N 96 76W aprox.
Posts: 2,975
Fist you bust on my ass – then ask me for the keys to the kingdom



Trading does not involve thinking – it is all about observing, adapting, then reacting

The thinking IS the emotional part CF is referring to

All thinking, while trading, has done for me – is lose me money

Quote:
Quote from trhudson:

I don't know the answer to this, but I am a skeptic.

I don't think 'thinking' is necessary and my math tells me it isn't. When one thinks, he is implying a belief and that's not helpful...


Yes I do…, and I also trade the trend

Quote:
Do you trade the breakout / pullback / or a reversal.


Exactly where the trade fails - for each trade

Quote:
Quote from trhudson:

And more importantly, where's the EXIT?

My response sounds like a BS answer to you - I imagine…. But to some of us – this is the answer…

eta.. Do you think about riding a bike... or do you just ride it (not thinking of the balancing effort it takes)

RN
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Old Feb 20th, 2012, 03:07 PM   #152
trhudson
 
 
Join Date: Aug 2002
Location: Raleigh
Posts: 184
I was not busting on you and I wasn't asking for anything...I was implying that you must create the rule and trade it, without emotion.

I have plenty of algorithms that will exit or take a profit target and re-enter a position if necessary, I can get the answers from the program as I trust it more than anyone's opinion.

The market obviously does not do the same thing everyday, but it does similar things everyday.
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Old Feb 20th, 2012, 03:07 PM   #153
zdreg
 
 
Join Date: Oct 2003
Posts: 9,001
it is a law of nature. in any game that looks easy to win .ie. trading , 3 card monte etc only 5% win.
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Old Feb 20th, 2012, 03:49 PM   #154
SteveNYC
 
 
Join Date: Jul 2010
Posts: 895
Quote:
Quote from oldtime:

everybody seems to be an expert on why 95% of trader lose. Just wondering if there are any experts out there on why 5% of traders win.
Law of nature. Just like why the sun rises from the east.

I think this applies to trading books. 95% of them are shit.

Btw, what words rhyme with shit?

I was trying bust a rhyme with the word shit the other day but was I stumped.
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Old Feb 20th, 2012, 05:11 PM   #155
Redneck
 
 
Join Date: Dec 2008
Location: 32 80 N 96 76W aprox.
Posts: 2,975
Quote:
Quote from SteveNYC:

Law of nature. Just like why the sun rises from the east.

I think this applies to trading books. 95% of them are shit.

Btw, what words rhyme with shit?

I was trying bust a rhyme with the word shit the other day but was I stumped.

http://www.rhymes.net/rhyme/SHIT

Now just don't sit there bust a move

RN
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Old Feb 20th, 2012, 11:52 PM   #156
cornix
 
 
Join Date: Jan 2011
Location: Siberia
Posts: 3,487
Quote:
Quote from ssrrkk:

Somehow I don't believe that's the whole story. There are a lot of talented programmers in the world. If it's a matter of automation, then a lot of those programmers will be rich. Among automated traders, perhaps still only 5% win.
Because it's not about automation in the form of computer algo. I was speaking about the art of reading price and volume aka technical analysis, maybe with some fundamental factor added to the picture (especially for longer-term trading).

It's about self-automation, similar to military training, professional sports trading, professional musician training et cetera.
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