i have no idea. just looking over the email and saw like 100 spam messages talking about bigger pen1s
Using your diet analogy, the keto or Atkins way of eating may work for one, but not the other. So like trading, obviously it goes further than having discipline. You can have all the discipline in the world, but if you are not following an eating, exercise and resting (just to name three) plan that is conducive towards your body type (Endo, Ecto or Meso), age, genetics...and a list of other variables you will not be successful thinking long term. It's all trial an error....and the body is forever changing. Diets teach you to reduce........but what about maintenance ? You can have a person loose fat or weight, yet still be unhealthy. When a person reduces, more than likely they loose muscle. If muscle is lost, they are more susceptible to gaining the weight back because there is less muscle to help burn fat. This issue here IMO is just as much Physiology as is with discipline. Discipline is just one variable.....and it takes more than just discipline to make an account grow. ...just as it takes more than discipline to reduce Body Fat%. I will say it again....Trading is easy to learn, yet difficult to Master. So the next t time anyone sees a Thick person (just trying to be politically correct) or someone that has blown out there account.......give them a hug and sympathize with their plight....hehehe
how many percentage of people lose money in stock market? i heard my friend say 95% for example in this post http://www.elitetrader.com/vb/showthread.php?s=&threadid=111668&perpage=6&pagenumber=1 anyone got a link or research data to support this?
success in trading is really just like any other gladiatorial game: for every winner, there must be a loser. "fine," you say. "so what" ? if it is a given that most players will lose, to win, simply study what most traders do, then do the opposite. success, simply defined, is studying failure and not repeating it. what are your trading resolutions for the new year ? here are mine: (what better time to admit to yourself the need to improve ) 1) take stops 2) understand risk before entering any trade 3) use the trailing stops that you decided on before you had cash on the table 4) never deviate from the SPECIFIC entry that got you into the trade 5) do not engage in self-sabotage 6) pay extra attention to your losing trades: why did they lose ? was i following the method ? what is true about this trade that is different from other trades of this kind i have done before that worked ? did i have an emotional attachment to this trade ? & 7) teach others what you have learned. i cannot overstress this last point. i have seen, over many years trading, that those who are trading for their own self-aggrandisement will inevitably fail. It is in the subconscious: if u r in this simply to score the cash,or the pride, or the stuff, or the attention, eventually, u will blow up (or go out) if, on the other hand, u r doing this as a means to an end, and you will not quit, you will eventually succeed. mother theresa had doubts about her purpose, but she held firm, and did great things. so can you.
good post https://www.google.co.uk/webhp?sour...=1&espv=2&ie=UTF-8#q=patience+trading&tbm=vid Patience is the key.
someone said [something like] some people get into trouble in the markets because, there are Too many ways to get into trouble... marc
At the most basic level, people must trade by processing information. Unfortunately, we're not very efficient information processors. We have a lot of biases that enter into trading decisions. Consider the trading rules that work: 1) follow the trend; 2) let your profits run; 3) cut your losses short; and 4) manage your money (i.e. risk) so you can stay in the game. If you design something around following those rules, you'll make a lot of money. This all about Trading Psychology. A trader is his own worst enemy ,the enemy is within , because the odds are against the trader .Most humans are not capable of being rational and behave rationally in trading , with the negative edge ,with losing emotions , stress , trend chop outs , psyche , losing sequences/ drawdowns and winning periods When there is no enemy within, the enemies outside cannot hurt you. - African proverb The Best Trading Proverbs