Why do 5% of Traders Win?

Discussion in 'Psychology' started by oldtime, Feb 18, 2012.

  1. Redneck

    Redneck


    A bit more on trust, and price always being right


    As I am trading;

    Price asks me to provide it complete trust…, and 100% obedience

    in a similar vein

    I ask price to provide me total honesty…, and money


    Makes for a profitable relationship..., when I comply

    RN
     
    #371     Feb 26, 2012
  2. Redneck

    Redneck

    Mexican standoff

    RN
     
    #372     Feb 26, 2012
  3. it just proves there is a God and the good guys always win, just like the book of revelation, in the end the good guys win (well 144,000 of them do, so I guess at the time in the region that was about 5%.)
     
    #373     Feb 26, 2012
  4. :D

    At this rate that relationship 7/(62 and rising) is rapidly approaching 5%. "hmmmmm!!!".... indeed. So, the losers don't know why their losing which I guess makes senses, otherwise they'd be winning.
     
    #374     Feb 26, 2012
  5. Redneck

    Redneck

    Y'all make fun of the losers – like they are some sort of imbecilic being…

    Y'all make it sound as if a “winner” is somehow better than a “loser”



    I pride myself on being a loser – and I also have compassion for their current plight


    ==========================

    My next trade, not managed properly – will break my account


    Ego… pride… judgment…


    Learn to stick them up your ass… and become respectful of losers…. appreciate losers


    Come to realize, losers are at the very core – of what makes a trader profitable


    RN
     
    #375     Feb 26, 2012
  6. no kidding, you can't have one without the other. It's been so long since I experienced pain I don't even know what pleasure feels like anymore.

    I liked it better when they let you smoke. Now when you go to rehab they make you smoke in this little glass box.

    otherwise I agree, it's probably better to consider yourself sometimes a winner and sometimes a loser.

    At the final day of rekoning we can tally up if you were net one way or the other.
     
    #376     Feb 26, 2012
  7. The great irony is that 95% of us are laughing at the person staring out at us through the mirror.
     
    #377     Feb 26, 2012
  8. Redneck

    Redneck

    After thinking on this post – I want to clarify something



    Losers come in various forms

    The losers on the other thread are people

    The loser most important to profitable trading – is small losing trades


    But in our minds eye, we cannot differentiate one loser from another – to our subconscious a loser is a loser



    So reject, degrade, whatever – one loser (type of loser) – you will (your subconscious will) reject all losers – no matter the form


    And I’m here to tell ya – if you can’t take small losing trades willingly – you will never become profitable

    ---------------------------------------------------------------------------------------

    The main thing keeping people on the other thread is– they have not accepted being a loser is okay


    I am a loser, and damn proud I am


    RN









     
    #378     Feb 26, 2012
  9. LoL I would think that winners are at the core of being profitable...................................................
     
    #379     Feb 26, 2012
  10. loogling

    loogling

    It wasn't my intention to make fun of losers. I'm sorry if it turned out that way and I hope it stops here. I believe "The best loser is the long-term winner." And often, more can be learned from a losing experience than a winning one. I just find it somewhat sad that there are so many more posts on one subject compared to the other. I'll be glad to join you in priding myself as a loser as well.
     
    #380     Feb 26, 2012