My wife slaps me and the kids kick me and the dog bites me regardless of the days P&L..................................................kidding, but could be true. Single.
I guess that is why he came out with DC which was inferior to AC, maybe he needed 2 percent of inspiration instead... Anyaway, you shouldn't quote a pervert/idiot. Here's one from someone who is actually smart: "Our virtues and our failings are inseparable, like force and matter. When they separate, man is no more." Nikola Tesla...
NO, he's actually right. I've seen many traders blow-up and it is usually from lack of discipline, BUT NOT ALWAYS. I've seen the cases where the traders used tight stops resulting in only 1 out of 4 trades ending up a winner. They ended up losing in a slow, painful way...like bleeding to death from a thousand small cuts. I think the key here is that : 1) you've got to have a systemized, proven approach with a positive expectation. 2) You can't trade with "scared money". 3) You've got to monitor your performance carefully and make adjustments when the numbers call for it. Sounds simple, but is is not. What you want to avoid is the two extremes I've seen: massive blow-ups and terrible win rates.
Keeping it simple can result in good trades. When in a funk, throw up a prayer to Mother Serendipity. Then take a break. Like Love, Inspiration comes softly, humbly and yes, serendipitously Mary, a successful currency trader seemed to have lost her magic touch. Struggling for months and consulting with several pros failed to shake her out of her funk. Dejected and forlorn she took a long trip into the mountains to get away from it all. A week later she is returning home when she sees an Apache woman hitchhiking. Because the trip had been long and quiet, she stops the car and the Apache woman climbs in. During their small talk, the Apache woman glances surreptitiously at a brown bag on the front seat between them. "If you're wondering what's in the bag," offers Mary, "It's a bottle of wine. I got it for my husband." The Apache woman is silent for a while, then nods several times enthusiastically and says, "Good trade."
WOW, THE FUTURES ARE SURGING,EVERYTHING IS UP A POINT ON SOME GOOD BANKING NEWS. SHOULD I BUY THE OPEN OR SHOULD I FOLLOW MY DISCIPLINE AND WAIT FOR A PULL BACK? DAMN,THERE IS NO PULL BACK I GOTTA GET IN QUICK..DAMN !!! ITS PULLING BACK,I KNEW I SHOULD OF WAITED. WAIT,I CAN'T BUY NOW,I'M DISCIPLINED AND WILL WAIT PATIENTLY FOR A PULL BCK. DAMN,ITS SURGING,THERE IS NO PULL BACK. I KNEW I SHOULD OF JUMPED IN. I'M JUMPING IN,I WILL USE A TIGHT STOP,DAMN,MY STOP WAS TOO TIGHT,IT PULLED BACK AND JUMPED AGAIN. I NEED TO GET BACK IN WITH A WIDER RANGE FOR A STOP. DAMN,STOPPED OUT AND NOW ITS DROPPING,I'M GONNA SHORT. DAMN,ITS SURGING AGAIN...I AM GETTING SQUEEZED,I KNEW I SHOULD OF STAYED LONG. c'mon,guys. its gambling.no matter how disciplined or how calculated you are. in the end the only thing you will have are a bunch of war stories as to how you blew up your accounts but re grouped and followed a stricter discipilne/style.
Funny that I was reading this post and didn't notice it was you who posted it. I thought it was someone mocking what might be your own trading strategies that would account for your original post. Then I noticed it was your post. That's not how my trading goes, bro. If that's your own experience then that does explain where this forum originated from in the first place.