Be my guest, show yours first. BTW, I never talk out of my arse. I have my doubts about James Daniel though. __________________ No profits without losers. another nononsense axiom
True, but that is all you ever spout. What type of proof/evidence do you require? Surely you understand that a trader is really battling himself and not the markets. We all should know by now that no one person can change the markets, unless you've got some serious leverage behind (SERIOUS LEVERAGE). It is ultimately the trader that decides how much he will take from the market (also dependant upon his 'edge').
In my opinion, nononsense is one of the few people here who does not talk out of his ass. Several others would be well advised to consider breath mints.
It's strange why he is quick to dismiss the positive effects of working on ones pschology when trading the markets. Every book, review and biography you read has a dedicated section to developing the right pschology (including the greats). The main areas a trader needs to focus on is: 1) keeping an edge in the markets 2) effective risk/money management 3) developing the right psychology This is what I have picked up from my 3 years of reading and learning.
Send us a postcard when you start trading. __________________ No profits without losers. another nononsense axiom
You can peg nononsense at about 20% a month or doubling every 4 months; you are doubling every 8 months or so.
If that is true, then excellent, that is something I aim to achieve with further experience and I apologise for my words earlier
The relevance of trading psychology presupposes a viable trading strategy already being in place. For some people, this viable strategy is enough. Others apparently need more than that to keep them on track. Even so, first things first. And as for the psychology part, at the "risk" of repeating myself: http://www.elitetrader.com/vb/showthread.php?s=&postid=1069316#post1069316
But my point is, it can only help to improve your trading by working on your psychology, as long as your not deluding yourself. I am concerned that traders that are supposed to be consistently taking money from the markets are quick to play down the relevance of psychology. Maybe if they inbraced such techniques, they may find it a benefit to their trading activities - i.e. improve the amount the take from the markets. Anthony Robbins is someone I came across when looking up on the subject of psychology (I enjoy studying varies topics in my spare time) and he has some appeal, especially in the techniques he promotes. As long as you're no deluding yourself, it can only benefit your life, and at worst, have no effect whatso ever P.S. As stated previously, you really don't need to pay to research techniques, such as NLP. There are plenty of free guides online. Anthony Robbins seems to be one of the most successful at promoting this particular technique.