This guy was feeling confident.... https://www.theage.com.au/national/...s-in-suburban-road-crash-20191024-p533z0.html But I'm being a smart ass, yes I agree, if one is well capitilized and trades relatively small size, one can be confident and continually pull trigger quickly. A good stoploss method to protect your assets and it is quite easy to trade with a relaxed and confident disposition. All these little things help to be successful.
Nice Article. I am the "losing player making rational decisions" part of this. This has nothing to do with confidence as results is the dividing use of the "two-edged sword" that determines losers from winners. This is what I like about trading....no conjecture. I believe however that a rebirth can take place. If enough time has passed between restarts one can become a consistent winner. Senility and forgetfulness helps . I believe that anybody can practice, develop and learn to "feel the flow" of the trading day. Being a mechanical trader the signals are there...it just which signals to follow and how to exit. Another key is to quickly discover if it's a trending day or a choppy day. If I could just have enough screentime and actual live trading hours I am convinced I can become a winning & consistently profitable Trader under all conditions. Everything that I am doing now currently to achieve this status is to "survive" and gather those hours. ES
Newbie struggling trader : He designs his trade plan based on the fact that he must predict the market. successful trader : He designs his trade plan based on the fact that market cannot be predicted.
%% Exactly; but a bull market uptrend can giVe one some hints.......................................................................................................LOL+ true. NOT a prediction + does not apply to TSLA or penny stocks
well. some penny stocks are rather tradable when it is trendy. trendy - movement is definite, rather organised untrendy - movement is messy, chaotic, disorganised In that sense, TSLA is rather untrendy
Newbie picks up the drunken girl at the street party. Successful trader picks up the drunken rich girl from the country club. wrbtrader
newbie trader : Do not use short term time frame chart like 1 min chart. It is very very noisy. Use longer time frame chart like hourly chart. professional trader : Use 1 min, 5 min or 15 min .... chart depending on market condition. Or use small, medium or large ... volume chart depending on market condition.