90% Winners with Bassakwards

Discussion in 'Trading' started by profitseer, Aug 19, 2002.

  1. The problem doesn't come in general from the idea (the trading system) but the management of the idea (ie the money management)...

    So your vaporware should focus on that and not on the trade idea :)
     
    #11     Aug 20, 2002
  2. Or just maybe this system is the perect solution, and everyone is over analyzing it!
     
    #12     Aug 20, 2002
  3. Puffy, If you try to pick a bottom and buy and it moves against you it hurts. But, if you jump on a trend and it moves against you, not only does it hurt, but you feel like a complete fool.

    I truly believe that the reason most traders don't achieve their goal is not because they can't stand the pain of losing, but because they can't endure the psychological damage which goes with the territory of trading with the trend.

    And so it is as you say. They would rather bottom fish and bargain hunt because failure only involves pain. To make money with the trend you have to look and feel like a complete fool over and over again.

    They probably teach more about what you need to be a trader at the Minor Leage Baseball Mascot Institutel of Technology than they do at any trading seminar.
     
    #13     Aug 21, 2002