Fist you bust on my ass â then ask me for the keys to the kingdom Trading does not involve thinking â it is all about observing, adapting, then reacting The thinking IS the emotional part CF is referring to All thinking, while trading, has done for me â is lose me money Yes I doâ¦, and I also trade the trend Exactly where the trade fails - for each trade My response sounds like a BS answer to you - I imagineâ¦. But to some of us â this is the answer⦠eta.. Do you think about riding a bike... or do you just ride it (not thinking of the balancing effort it takes) RN
I was not busting on you and I wasn't asking for anything...I was implying that you must create the rule and trade it, without emotion. I have plenty of algorithms that will exit or take a profit target and re-enter a position if necessary, I can get the answers from the program as I trust it more than anyone's opinion. The market obviously does not do the same thing everyday, but it does similar things everyday.
it is a law of nature. in any game that looks easy to win .ie. trading , 3 card monte etc only 5% win.
Law of nature. Just like why the sun rises from the east. I think this applies to trading books. 95% of them are shit. Btw, what words rhyme with shit? I was trying bust a rhyme with the word shit the other day but was I stumped.
Because it's not about automation in the form of computer algo. I was speaking about the art of reading price and volume aka technical analysis, maybe with some fundamental factor added to the picture (especially for longer-term trading). It's about self-automation, similar to military training, professional sports trading, professional musician training et cetera.
No, not everything technically simple is possible to automate. Playing poker is also very simple technically. Do robots dominate in online poker? No.
Yes, exactly. Many things are subjective enough to be quite simple technically for a human, but extremely hard if ever possible to automate.
Markets trend only 20 % of the time , and costs are probably 2 to 3% out of all winnings (including costs on losses). Most traders can only catch 30 % of the 20 % trending periods, hence the <5 % rate of winners 80 % of the time , there is no edge in mixed raging markets , price can go either way. It is no surprise only 5 % can win , these 5 % includes insider traders , fundamental traders ,technical traders ,brokers ,hft , mentors and trading educators ,signal sellers , IBS etc etc System traders probably only get 1 decent winning day out of 5 , when they make all the profits from trends.1 out of 5 =20%.Maybe 80 % plus trend traders are losing it in the 80 % chop. So the actual ratio of winning is much smaller, maybe only 1 % win for each type of trader.
I disagree. Range-bound markets are very profitable too, quite often even more profitable than trending periods. The only desired condition is that range would be wide enough to justify risking something at all. Also, there are mini-trends on intra-day time-frames, which occur several times every day and are often contained within bigger ranges. So this range vs. trend issue is relative.