Is Autotrading the solution to our psychological trading pain?

ROFLMAO, yeah they can sleep through the night not remembering to turn off PC, wake up fresh and relaxed while their account dropped 50% and before you know they are crowd funding asking for $40k cause they slept through it and they have fatigue syndrome. "It not my fault I lost and broker won't let me day trade, pleassssssse fund me." Maybe if it is a she with Hooters, idiots will hand over $40k", but not me. LOL

 

At the age of 40, recently divorced with kids, I haven't gathered the energy to prioritize women. I just broke up with a girl after one year, because I couldn't take the phony bullshit. She swore she was the nicest person ever, but offered one time out of 100 to pay for dinner, and it was my birthday. A working professional with no children. I have a future to build for my children and colleges to pay for. She can go commoditize her vagina somewhere else

 

I only have pain if I don't follow my system.
This can happen in two different situations:

1. Taking a loss because I did not follow my system
2. Missing a profitable trade because I did not follow my system

A loss because I followed my system is not painful, it is part of my system. I have to take that trade because only afterwards you know if it was profitable or not. My statistics showed that the best result is to take all the signals, no matter what the outcome is. In the long run it will give the best result. So these losses are part of the total profits. Without these losses my profits would be smaller too.

 

Key word being statistics. If you're not driven by numbers in this day and age, your competition will eat you alive, and you simply just can't keep up. Charts have become lagging indicators compared to the number crunching going on behind the scenes. I use them only for convenience. I can only imagine the vast amounts of money statistical traders made before computers brought in more competition.

 

I suggest you can write a book...as of now please post a thread with this content

 

I agree, although being driven by numbers is very dull.. but hey it works. Entertainment is what we buy with the profits.

 

Not written by me

http://www.tischendorf.com/2010/01/16/bo-yoder-and-vadym-graifer-6-stages-of-a-trader/

 

Dull is good in this business. Seeking excitement will almost guarantee you a bleeding asshole

 

I have had to learn hard way with women, they are vultures dealing with your money as much as we are vultures for sex. I never tell them what I do for a living, I don't lie, but tell them I manage properties for a firm, never have anything over a few $20s in wallet I go out. I never take my one credit card, and I use my 25 year old Toyota always. If they don't like what they see, too bad, if they around six months later-I say I came into some cash, but never say what I do.

 

Autotrading is a very difficult process, incorrect settings can lead you to significant losses. And you understand how it's painful when we meet losses.