Why is there so much touchey-feeley emotional female talk on this forum? Threads like "When is the obvious not so obvious" and "Traders say trading ain't what it used to be". Stop that goofy shiat. Do you think you are really going to find any way to beat the market by creating those threads? Do you think somebody is going to give you some great pearl of truth in those threads? I got news for you.... NOT GOING TO HAPPEN. You guys need to more analytical like me. Download Excel. Download stock, fund, futures, currency, option or whatever prices you can get off finance.yahoo.com in Excel format and START TESTING. Or whatever your backtesting program/method of choice is. Try and find some REAL alpha. You are not a female, and this is not AA. We are not here to console you emotionally because you haven't made it, haven't found any alpha. We are here to, when you DO find something via your backtesting, to sign off on whether we think it might be legit or whether it was instead a fluke, like curve-fitting, not enough data to provide a proper test size, you missed this other important piece of data, etc. etc. Cut the emotional crap women and GET TESTING like I do!!! P.S., do NOT bring up GME. That was probably the only time in my life when I made a trade/investment just for shiats and giggles, WITHOUT logic, discipline, and testing, and it bit me in the arse. Learn from that as I have.
huh? Who are you scolding? Who is really having intense negative emotions? Negative emotions in whatever form are harmful to trading.
Btw do you know that GME is $300+ now ?!! If you could afford to make that trade, you must be loaded. LOL
Absolutely, there is no way around this. However, finding our own profitable trading system from scratch could take decades of research, chart studying and testing, trust me on this one fellow traders.
If you learn from your mistakes it shouldn't take decades. The problem is that emotion plays a big part of trading. Salty is a good example of not having the discipline to cut his losses.
Learning from our mistakes is the easiest part, finding a purely mechanical trading system with a powerful mathematical edge (say 25% return a year or more with less than 25% maximum drawdown) is the hardest part. And believe me, you won't find such systems even if you read all the trading books/magazines/forums in the world, you need to do your own homework. But again, this process could take a lifetime.
Once you find a system, the hard part is having the discipline to follow it. That's where the emotions, fear and greed, eat you up. If you have a few trades in a row that hit your stop then take off, it's awful tempting to give the next one a little wiggle room. That'll be the one that keeps moving against you.