Search results

Thank you. For now I would be content if I actually kept my promise (like smokers do) to have quit for good discretionary trading. Then the second achievement would be to simply not have any bad surprises from my systems. I think it's going to be downhill from here. I also need to find some...

Yeah, of course I get your point, FB123, but it's hard to see it that way when you're in the middle of the trade (I can't help but taking it personally).

Yeah, Mercor, it sounds right. I hope I will solve it with automated trading. As I said somewhere else, whenever there's a rule, even if I created it, I feel the need to break it. But I do have some discipline, like I brush my teeth, and so on. I am very orderly and everything. But you have a...

Yeah, this is wise, college_trad3r. We all know about the regular people, those who play the lottery. But those people I would suspect trade very little, for about a year or two and then quit. Don't they? And yet there's another category of people, like me and so many others on this forum, who...

Thanks for your take on things. It was interesting, because it's rare to hear profitable discretionary traders speak at length about how they see things. Usually on this forum they just write one sentence posts, without explaining anything. For a second you made me think that maybe I can try...

As far as I am concerned (and I told you how I trade discretionary), automated trading meant for me that ever since I started over a year ago I've made money every month, whereas as a discretionary trader I couldn't make money in almost any month of the past 12 years. As I said in a post...

Yeah, perfect example. You were saying to yourself: "I have to pay my bills", to keep your expectations low, to keep your feet on the ground... to keep yourself "modest" (now we have a new suggestion for the right term: "humble"). Instead, each time I would say "I am gonna show you all, what I...

Yeah, fine. That's not exactly what I said. Somewhere in your post, you say "you're wrong in saying this and that" when I didn't say it. We could go on arguing forever, mostly about semantics, about what "modesty" means, and so on. I read your other post, and you say that you're profitable as...

Well, but you didn't read my whole post(s) then... I differentiated between discretionary trading and automated trading. It's as hard for an automated trader to fail, as it is for a discretionary trader to succeed. All the efforts you put into automated trading pay off in terms of profit...

I hand it to you for being a discretionary trader WITH consistent profits for over 15 years (one in 1000s of traders), but automated trading works differently. I don't need 15 years of profits to know that if my systems made money this year, they will keep on making money later. If they're doing...

Brilliant remark, but I would like to add as follows. Not all those who love trading lose money because of it, but all those who lose money because of it do love trading. Otherwise there's no reason why they would be trading, if they both disliked it and lost money because of it. Also, consider...

Trading is hard because you're looking in the wrong places. If you were looking in the right place, all it would take is one year of work. Build an automated trading system, and make sure it works before using it with real money (through paper trading). There's no strain on your eyesight, on...

In my opinion there's a trick for not ruining your eyes and making money, and it is called "automated trading systems". You can build one (better if you build many). Otherwise, there's a high probability that you will both lose money and ruin your eyes.

I agree on everything, so I advise you to do what Maverickz says, except for one thing: "Read books, take courses". That's going to ruin your reasoning. It will tell you how to think, whereas in my opinion your natural reasoning is the one that will tell you how things work, in trading and in...

What rules? The first problem is that he doesn't have univocal rules. Otherwise he could test them, or at worst he could paper trade them, and if they didn't work, he wouldn't use them. Would he use rules that do not work? No. Would he not use rules that work? No. So this means he doesn't have...

Well, partly I agree and partly not. When I read your post, it reminded me what others wrote and what they might reply to you, since they already said it in this thread. Psychology majors, or psychiatrists do not make excellent traders. Instead, if you go in the automated trading forum you see...

It doesn't happen on sim? I couldn't even trade on the simulator because trading was boring and seemed pointless. Let me tell you - everything you are describing matches my experience 100%. The thing you said about getting hypnotized by staring at the chart for too long, and everything else...

Right, but then it all becomes a question of semantics, and what we mean by what. Then psychology is also the basic requirement for collecting stamps, engineering, and astronomy. If you don't have the right psychology, you will commit suicide, and then you won't be able to collect stamps. So...

Ok, I will put it into my favorites.

Thanks for your advice. I can't make any commitments (as we said earlier about how I am) but I will check it out sooner or later. I have already read plenty on personality disorders and I am always diagnosing some to people I know and to myself (narcissistic personality disorder in my case). So...