It seems to me, that having all the cognitive skills in the world is useless without great care and attention over the psychological aspects. Does that make any sense? Best Natalie It is now almost 4 am in England. Without proper rest you will be straining your psychological resources, I am afraid. Please get some rest. Bruce
I must agree with you. And as you said, this would be true almost in all professions. Try to throw one of those computer professors into a PC lab and see how he functions... TM Traders
add me to the list. just glad i learned it with (relatively) play money early in life instead of niederhoffer money late in life. et moi aussi, heureusement, j'étais jeune et pauvre avec l'abondance de temps pour récupérer
maybe this is a simplistic answer - i won't be offended if someone says so - but if practice really makes perfect it could be argued analysts aren't good traders because they're too busy analysing instead of trading. nobody ever bought or sold a share of RSI. ultimately what we do is based on only two things: price and time. we all come with a sense for the latter, and trading seems to be the most direct way to become familiar with the former.
yep. figure out what it is that scares you out of positions that you should stay in, or keeps you in positions you should bail on, then apply the "cognitive skills" to develop a set of trading technique that works around that fear. if you - the generic you, not you, GP - can't handle a position going 100 dow points to the red, don't even bother messing with systems that will allow that, you're doomed to fail before you even start. virtually every tick the market has generated since inception has provided an opportunity for both a profitable short and a profitable long, clearly the problem isn't "the market" or lack of profitable ideologies. the problem is the person in the mirror.
Il y a un autre thread ici avec cette question d'age. Is it better to learn to trade very young? Best Natalie
Can you explain why tennis coachers who know all about tennis cannot play like their champions they coach ? As I explained in a thread many people consider that trading is just intellectual whereas there is a physical part in trading. As you can play tennis without theory you can trade without theory but if you want to reach a high level theory is useful. So "pavlov" 's traders although rather stupid can succeed in the market.
+=========================================== Scientist; Excellant post & it was in understandable english also. I laughed when you lol at ''lagging moving averages'', however no offence intended. Agree they lag & NOT referring to ma cross. Scientist good chart & equity curve, again in understandable english. Gracias means thank you in spanish. My remarks are ''limited'' to highly liquid stocks and related markets. +=================================== Natalie, I believe more traders could be Soros size; but like mount everest, i wouldnt want to pay the price. ====================================== Rich Dennis, with Solomon like discretion, planned and worked the fact that he proved there is an insurance premium in holding overnite.
I tend to think not.... its probably closer to 100%. Here is what I believe, I don't expect anyone to accept this: You literally and physically create your individual reality. This is done (or shall I say limited) by the filters in your brain known as beliefs. I no longer care about facts. Beliefs are infinitely more importatant to focus on. In order to uncover what beliefs you're operating under (and concsiously you'll rarely completely notice) start looking at the results you're currently producing in your life. This process will make it obvious what your beliefs are. And then, instead of saying "that's just how I am", as the question: is this useful? That's a powerful question. Critical is to NOT be bound by perceived reality. Again, facts don't matter, it only seems that way. Your total experience as a human being is an illusion and one that can be directed.
meilleur? je ne sais pas, mais certainement it est moins cher.* both emotionally and financially. *don't know if it is better, but it is certainly cheaper