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Nice and subtle way of reminding people how to take responsibility for their own actions. (this should be in bold capitals for traders) :)

Ghostdog, nice post in my opinion. Point 5) is crutial, it deals with risk, and trader must understand risk, If a trader doesn't understand his own psychological makeup then that's a risk in itself, because the trader himself is the most important factor his trading. Trading system could be...

ditto, no problem :)

I could see through your second last post that you were trying to set me up, hoping that you’ll get certain reaction from me to go ahead with your agenda. Confirmation of that is that in my reply I wrote ‘I never said that analysis and trading are the same thing.’ Instead...

Let me ask you this,isn't technical analysis a method that analyzes a quantifiable behavior patterns which are presented on your monitor by charts? If so, then what does it imply? Your answer will give you answer to your question. If you believe it is, then you're right. If you believe it...

He apparently has or had psychological coach. That would explain why he is composed. :)

Some people don't understand what Ed Seykota meant by saying "everyone gets what they want out of the markets " In cases like that is is hard to help someone :)

Sometimes contrarian, sometimes not, it depends on the excact definition. If the market is extremely OB os OS, in other words the matket gets extremely extended,(say 3 standard deviations over a longer time period) statisticaly I know that it will revert to the mean. DOes it mean that I...

The psychology of the crowd is reflected in the behavior of the crowd, it behaves like a herd of animals. Here is an intro for you http://en.wikipedia.org/wiki/Herd_behavior Such behaviors create inefficient markets, you can read some intro here...

Finally a quality post with wisdom based on observation. The dynamics of markets change, but the crowd psychology doesn't. :)

I've sent you a PM, we first need to discuss some parameters, because I decided to stay away from a situation where everyone will jump in and ask questions. I'm not at the spiritual level of people like Mother Teresa who would help every Dick, Tom and Harry. :) I came to the conclusion that...

I had a look at the breakthrough system of yours, the "SuperBands with linear regresion analysis" and it has shocking -49.38% maximum drawdown !!!!!!!!!!!!!! :eek: I wouldn't trade such system even with "your money". Oh my God, your system will take your equity down to a half, and you're...

Buying OTM puts was ok strategy to protect existing profits when IV was dirt cheap like early in 2007. But if you’re initiating a new positions in current market, then personally I’d instead look at options spreads and try to milk the trade by profiting on IV and theta, rather...

It is fascinating how much of your opinion is ill-informed and based on untested assumptions. :D LOL

All these percentage don’t have much meaning because they have nothing to do with traders performance. Let’s say one trader is making 10% per month risking 1% of his equity per each trade, while second trader is also making making 10% per month but is risking 5% of his equity per each...

There is an interesting interview with Jim Rogers , he is worth listening to when it comes to perspectives on global economics. http://www.allthingsjimrogers.com/2009/03/04/jim-rogers-interview/

True, in childhood we get lots of beliefs instilled into us which later on in our lives can guide our behavior and our outlook on life. The good news is that we as adults can create our own destiny regardless of the upbringing, and just an average IQ is sufficient. :)

I agree with you. Some people with high intelligent think they're smarter than the rest of accomplished traders, and keep on searching for the keys to the trading universe, while unknown to them their version of reality in regards to trading success is in total contrast to what successful...

Generally that’s the concept. Theoretical yes, but in reality there comes a time when you get a string of losing trades resulting in a larger drawdown. Then the question is whether you blindly decide to continue trading the tested system on the assumption that in the past it was giving...

Logic is one thing, and your level of perception is another. Why on earth should I propose a logical argument to you when I know very well that you won't get it. Just remember that "logic" is a two edged sword, and start noticing that since you're appealing to "logic", you're simultaneously...