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oldtime
Registered: Jun 2011
Posts: 7356 |
10-21-12 01:14 AM
2012 so far has been a very good year for me, but I have been running the same system opposite in my paper account and it has really been taking it in the shorts, which gets me worrried that my trading is not good, and the only thing saviing me is I have guessed right and the market has accomodated.
Guessing is one thing
Trading is another
You would like to have the confidence your trading can keep you alive
Even if you guess bad
I am very new to forex so I don't know how the deal is going to work out
But I am very worried
Nobody can make the kind of money I've been making eternally
There's got to be some kind of catch to it
(I think it has something to do with the US dollar)
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oldtime
Registered: Jun 2011
Posts: 7356 |
10-21-12 01:34 AM
Quote from Spectre2007:
You feel the markets your trading are changing, and you had to compensate by going against the system you've been using for so long?
no, there's a very important component which says, "Stick with what has been working for you."
But it's difficult to understand how much success is due to trading techniques and how much is due to to simply guessing right.
The trading techiniques don't change, but the guessing can go either way.
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tradin4profits
Registered: Jan 2009
Posts: 303 |
10-21-12 02:11 AM
Quote from oldtime:
no, there's a very important component which says, "Stick with what has been working for you."
But it's difficult to understand how much success is due to trading techniques and how much is due to to simply guessing right.
The trading techiniques don't change, but the guessing can go either way.
It' s all a gamble, if your making good money stick with what your doing until it doesnt work any more.
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oldtime
Registered: Jun 2011
Posts: 7356 |
10-21-12 02:36 AM
Quote from tradin4profits:
It' s all a gamble, if your making good money stick with what your doing until it doesnt work any more.
yeah, that's cool, I traded for 13 years doing that, then I blew up, and and had to do 9 years hard labor working in the real work force, until I could come up with a stash and 2 years living expenses.
After scalping ES for 7 years,and just about darn near losing my mind I finally got lucky.
You talk about it like it is so easy.
I know where I am at now
And I know where I don't want to go back to
but yes, you are correct, it's all just a gamble
I never like to discourage, because I got too much of that, and I always like to encourage, because I got too little of that
but the point is, I'm not so sure my trading techniques are that good. If I had used them on the other side I would be looking for a job again.
And that is why I am worried.
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tiddlywinks
Registered: Mar 2007
Posts: 202 |
10-21-12 02:56 AM
Quote from oldtime:
2012 so far has been a very good year for me, but I have been running the same system opposite in my paper account and it has really been taking it in the shorts, which gets me worrried that my trading is not good, and the only thing saviing me is I have guessed right and the market has accomodated.
Guessing is one thing
Trading is another
...
So which is it oldtime... do you actually have a trading "system" -OR- is your trading "system" just "guessing"?
I get the feeling it is the later. Trading is statistical probabilities. All the argument one can muster does not change the outcome.
Confidence vs Worry. System vs Guessing. Live vs. Memorex. Soft 17, hit or stay?
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