I had always read that women do a lot better than men, I figured it was the ego that got in mens way. I try to stay in a zen state all the time, which seems to help my trading. More and more successful traders are meditating before the trading day.
i do not like the talk about gut feelings or woman traders (there are no woman traders...) it is not the gut feeling that allows some humans outperform the machine its the assessment of each particular situation that human can do, while still playing by the rules but again in chess it is not an issue anymore.... the difference between chess and trading: in trading behind the machine are still people who put money on the game (but its often OPM)... in chess nobody puts anything in the game behind the machine and when shit hits the fan in chess you just lose, in trading u loose money and a lot thats why all the geniuses behind LTCM peed in the pants ... u have to have balls, and brains, and money and good luck and to die before your method dies..
Actually it's about working out when the delusional people and their followers using marginal gains capitulate as there's no new money to feed the pyramid, and you help relieve them of their capital as they cannot blame anyone but themselves having gone through due diligence to post their original capital, because there's no such thing as a free lunch.
of course there is. you have to be patient unless greed runs it course. then you get your reward when the tide reverses,
I know an old rich guy who just waits paitently for large down moves then fades them by averaging in over 5 entries. Its an incredibly succesful strategy and have worked since 1987.
How did he do in 2008? Averaged down and held till the market recovered? Did he start of with that holding timeframe in mind?
Interesting, so the belief is that performing continued analysis and using mental capital to time reversals is free, but see see who liked the reply so enough said.