If you want to fail as a trader, study TA

Discussion in 'Psychology' started by The Expert, Apr 27, 2010.

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  1. AKA, losing and making money:D

    How do we lose money?

    &

    How do we make money?
     
    #641     May 14, 2010
  2. A strategy which says enter or don't enter which was thought out beforehand. Something which you just do based on your plan and you don't have to think about it.

    Must have clearcut rules. Risk Control. Positive Expectancy.

    Something that makes you the most money in the least amount of time.
     
    #642     May 14, 2010
  3. SO..

    How do you make the most money in the least amount of time?
     
    #643     May 14, 2010
  4. gktk

    gktk

    Losing money - following the masses way of trading ie traditional TA

    Making money - ? still working that out.

    sorry getting damn late here so slowing up


     
    #644     May 14, 2010
  5. Lose money by being wrong.
    Make money by being right.

    Lose money with big or medium losses.
    Make money with small, medium, big winners.

    Need to be right more than wrong, have tiny losses, and all kinds of winners.
     
    #645     May 14, 2010
  6. How can the TA crew keep defending TA when there are literally 100s of firmS/traders seeing quotes before you do with 2 different sets of them? You can pretend all you want but TAs worth is fleeting by the second. It's time for a new paradigm of looking at the market. ;)
     
    #646     May 14, 2010
  7. Hah !!!!!!! :)
    I don't know. Please tell me.

    Bet the correct amount on the correct trading instrument at the correct time.

    Or multiple instruments if you know what you're doing.
     
    #647     May 14, 2010
  8. BN? Barnes and Noble? It kind of looks like an old book without its jacket.
     
    #648     May 14, 2010
  9. Barnett Newman?
     
    #649     May 14, 2010
  10. OK then..

    We lose money by placing a bet at THE WRONG TIME

    We make money by placing a bet at THE RIGHT TIME

    2 WRONGS NEVER MAKE A RIGHT:D

    2 RIGHTS NEVER MAKE A WRONG:cool:

    SO..

    TIME = MONEY = TIME

    That said, what is the MOST IMPORTANT thing to make GOOD money trading?

    Good Night:D

    TE
     
    #650     May 14, 2010
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