Discussion in 'Psychology' started by Sucker, Dec 18, 2002.
Okay, let me revise this a little bit.
YOUR ONLY FAULT WILL BE ADMITTING A FAULT IN YOUR TRADING. IT IS NOT YOUR FAULT WHATSOEVER.
My reason is this. You know your chance of an action in trading is marginally better or lower than 50%. Don't let brain washers take away your confidence and conscious. There are many reasons for people doing this. One kind is salespersons of mechanical trade systems. You have control and all others are assistants.
BLAME THE MANIPULATORS. RESPECT THE MARKET SAYING YOU ARE NOT LUCKY BY DOING THIS. BREAK AND WAIT THE NEXT OPPORTUNITY.
Do you understand what is real b*tching and moaning?
If, as you say, the emotional component is a problem for you, the drawdowns involved in many mechanical systems will likely be intolerable. However, your choices are not limited to "feeling" the "mood" and entering and exiting without any will whatsoever. You can instead tailor a strategy that is exactly right for you with as little or as much discretion as you like. The challenge for you will be finding and exercising the discipline to follow it. Being disciplined doesn't mean being mechanical. Rather it means following whatever plan you've drawn for yourself without the second-guessing and self-doubt.
If you're still exploring strategies and tactics, then two years is not unheard of. If none of what you've explored has shown the results you're looking for, then perhaps you've just had bad luck. However, you ought to know by now what you've liked and disliked from all those experiments and be able to zero in on something more appropriate. However, if you're just as lost as you were two years ago, then perhaps this just isn't for you.
Let me add a context to my statements earlier. We are talking about individual traders who can only hopefully follow the market. As for manipulators who tries to move the market, no problem, admit your fault when you are wrong. It's all faults of manipulators'.
damn.....us indians are going to rip you to shreads soon
Why US indians or you indians? Some slam story behind this idiom?
I believe whoever you refer to are nice people. They will not harm me because I am telling truth.
QDZ. You should be glad to know that your name and account number is posted at all the stock and option exchanges (odd lot departments). Whenever you make a trade, the MM's, specialists, even the janitor have agreed to gap beyond your stops and give you a new one. Just thought I'd warn you.
(US Indian--Blackfoot tribe)
I don't mind how you laugh at me. I am just doing the right thing at the moment to me. If I don't, you will really laugh in your heart.
Don't fault yourself for being human - and you need not give up either - there is another choice.
Just send me a PM if interested in pursuing something a bit different.
This is getting a little silly. If you do PM her, you'll get referred to an email address which is selling proprietary software. Why not just be honest about it?
Separate names with a comma.