I couldn't agree more...you've got to know when NOT to be trading, especially in the current narrow-range, choppy, head-fakey market conditions we've been seeing lately. I spend over 90% of each trading day doing nothing, just watching. When something real happens you will know it. I know that sounds rather nebulous, but it is what you have to do. Clueless, feel free to PM me any time and I'll try to help you out if I can. PEG LEG JOE
here are my results. could it be true?? You are: very expressed introvert moderately expressed intuitive personality distinctively expressed thinking personality slightly expressed perceiving personality 8-|
I scored a billion gazillion cajillion points in the first 5 minutes, at which point I was feeling ill and hate to go to the bathroom. My diarrhea was so bad I didn't make it back before the end of the test. I was offered a job by NASA and the Math Institute at the U of Paris, among others, but my criminal record is holding things up. After a little counseling from this Vietnam Vet psychologist (recommended to me by a prof buddy of mine at MIT), I think I will start doing that whole enlightened thing.
Actually, the good majority of people who listened to the debate over the radio believed that Nixon won the debates (while people watching tv, and seeing an ill Nixon's shifty eyes vs. a handsome, make-up wearing Kennedy, though Kennedy won). But I generally agree with your suggestions as to what to do with these numbers.
Survey Consensus Fact: 95% (or thereabouts) of people who try this game will breakeven AT BEST... And a huge proportion of these people have been highly successful in other areas of their life, and have a good dose of intelligence... Why can't more people make it? It has to do with chinks, chinks which could occur anywhere... chinks that may not at all be obvious... Space Shuttle Columbia was in 99.9% great working condition, and yet it still blew up... It is my contention that traders can have all aspects of their trading (set-ups, entries, exits, discipline, psychology, technology, costs) in great working order, but they can still blow up (or slow bleed or breakeven), because of but one chink in their armor... a chink that they have not removed cos they think it is insignificant or a chink that they have as yet not identified... This game takes no prisoners, and will inevitably catch up with punish the persistence of even a minor chink in any corner of one's armory... this game has many people with (for practical purposes) chinkless armory who will continue to profit from those whose armory looks perfect but is deficient in but one minor respect... the former group are the 5%, the latter group are the breakeven traders, and the remaining majority are the consistent losers... My view on this is that all too often the answer lies within... what I mean by this is that the breakeven or losing trader wrongly identifies a chink as a strength... this increases the odds that the chink will never be found, because the trader will not be likely to venture into the area of his perceived strengths looking for chinks...
You don't mean that you can exit every trade without losing money, do you? No one can guarantee that. g
lmao... anyone else reading this as CHINK!? (ie: derrogatory term for chinese ppl) lol... lmao... hahahah... at first i was like man this is some racist ish, than realised what candle meant... lol