What was the ***last*** thing you had to master before becoming profitable?

Discussion in 'Psychology' started by Kovacs, May 27, 2009.

  1. Bating
     
    #331     Dec 28, 2017
  2. %%
    Good points. Too much leverage also can be counterproductive., because of stats .Even if something works more than 77% of the time+ not many do well, long period of time- it can + has been wrong[unprofitable] several years in a row. It could even be wrong[unprofitable] 23 years in a row, out of 100 years, but usually not that horrible LOL
     
    #332     Dec 28, 2017
  3. Some people never overcome their fascination with their handheld devices.
     
    #333     Dec 29, 2017
  4. ktmtrader

    ktmtrader

    Not one breakthrough but a few:

    Most Important: Never being bothered by the outcome of one single trade - always looking at monthly numbers.
    Never ever moving the stop - why? see above. This is a business of probabilities - you won't win on every trade.
    Trading small - that way the losses are not big and you don't lose confidence and emotional capital as well.
     
    #334     Apr 4, 2018
    comagnum and Vindago like this.
  5. Visaria

    Visaria

    Marvellous...can u actually do all these though? How about after a string of losses, say 3 losses. After 5 losses? 10?
     
    #335     Apr 4, 2018
    ktmtrader likes this.
  6. ktmtrader

    ktmtrader

    yes i can, because that is the only path to trading correctly, there is no other way to do it.
     
    #336     Apr 4, 2018
  7. ironchef

    ironchef

    Works 77%, like playing Russian Roulette, to win, you only play big once, then quit if you survive, otherwise luck will catch up with you eventually.:finger:
     
    #337     Apr 5, 2018
  8. ktm

    ktm

    Exactly. It's like flipping a coin. If you get 10 heads in a row, has the long term outcome changed?
     
    #338     Apr 5, 2018
  9. %%
    Speaking of 7, Smith & Wesson changed the six shooter; into a seven shooter, some revolvers.Marlin microgroove has had 14/+ capacity in .22 rimfire for along time.:cool::cool:
     
    #339     Apr 6, 2018
  10. How is this different from using a trailing stop?
     
    #340     Apr 7, 2018