What is t/a? Do you mean TA (technical analysis?). Usual "/" is used for "or" or to denote a ratio. Anyway, what are the rules that changed? I'm new to trading.
TA or tape reading, seeing order flow, knowing the players?? can't think of any "rule changes" that effected the backwards looking TA.
Oh I could and even spent last week trading with his son but you are about as relevant to this industry as the pope as well so you wouldn't understand a word he tells you anyway. I can't help it if you aren't capable of verifying simple physics on your own.
You are the expert or at least you act like one and don't agree that a majority of trading is psychological?? What's with you lately Dave, your prostate bothering you?
Shhhh . . . don't say this too loud. People will think you are crazy. The closed minded "Ostrich" types that is.
i'm not an expert, still learning this fascinating game, however, i do know many people, at all levels, in the business. some of trading is psychological, i would say less than 10%, and that is having the confidence to trust your edge and take action in a dynamic chaotic environment-- regardless of proven edge. however, if you have real edge, psych has very little to do with it. risk taker is 100% correct. psych is for the weak and those who don't posess an edge. however, there are exceptions, as you climb the ladder in assets--everyone has a limit of confidence--hence steve cohen consulting with psychologists---nothing to do with actual trading except for the nervous and weak who need a crutch and hand holding while they lose money. surf
"If edge is hard to get, why traders keep trading?" Because they think that in the future, after a lot of hard work, you get what you want. answer this: "If getting a PhD from Harvard to become a very good doctor(or whatever) is hard to get, why people keep studying?"
The fact that you don't recognize that risk/money management as the true edge in successful trading is a huge indication that you have a long long way to go in your learning and are fairly new to the game. Capital and the use thereof is the ONLY true edge in trading. Take it from someone who has many years of trading experience. Thank you for your time--Ishmael