Well, in that case, I may agree. I was talking about emotional issues that arise during actual trading. Ed Seykota says that everyone gets what they want out of the markets. While it may seem strange, many people actually want to lose and thus get what they want by losing. I think there's some truth to this.
Hence the psy sessions as well to clarify the issues. I did not add consulting regularly with any priests/religious experts - though if one wants to increase the effectiveness of psy sessions - it makes it easier to find out the root causes of such desire to lose. Many people do not realise that for instance, human nature has not changed from 1000s of years and Religious experts ( usually trained more than 12 years in divinity) have "backings" from these 1000s years of experience with the human mind, as well as teams of experts , and thus can point out very quickly where the real issues are. But then "spirituality" is not very fashionable.ops:
Stop taking your own trades. Take someone's else's. Figure out why their trades are profitable. Go from there.
That's what i've been doing for a while. Taking the trades of someone with a razorsharp edge who seems to have a crystal ball. My account has been growing nicely. He's away on another holiday and I stupidly tried trading using TA (support/resistance/priceaction/trendlines etc) and it's been a dodgy few days! But I think it's impossible to 'figure out' someones trades as you say, especially if they likely aren't even using a chart and probably using some sort of inside knowledge from his banking contacts (which is my guess on how he does it)!
That's a fair amount of time to try to be successful at trading. If you haven't seen or discovered the light yet, maybe this world ain't for you. Successful trading is just like starting a business...the success rate is quite small. Not everyone will succeed, no matter how determined you are. I wish I could be or sound more promising. (Don't expect to find a mentor or guru who will hold your hand and print you money. -- they are selling education and wisdom; not selling money.)
here's a nice trade for you, i just bought Oct Brent crude at 4900, stop at 4750, target at least 5050.
It's actually more time than that! But I don't think i'll ever quit, now. Commitment bias. If the answer IS in the charts (though i'm about 95% sure it isn't) then maybe i'll find it one day considering I spend about 6 hours per day, every week day, for the last 6 years or so starring at them and testing things! And failing that, My only real hope is getting this guy whose trades I copy to show me how he does it!! I might even have to track him down and torture him! In my 6 years of the online trading workld/forums etc, he's just about the only person who has been able to convince me that it's actually possible through realtime calls as opposed to the usual hindsight stuff