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Yep. It's all about knowledge and experience. Our consciousness is just a thin layer of our whole mind. Teaching your subconscious right things and learning how to use your subconscious skills are keys.

If your observation passes on an objective test (a statistically valid number of trades done in this manner), it means you have a good subconscious skill of picking good trades.

Success definitely comes from taking risks, BUT as long as your bets have a proper risk profile. My background of trading for 7 years kicks ass now in "real" business I'm involved in now. But back when I lost my trading edge and was struggling to get it back, taking risks din't help.

Yes it can and it does become one. Random gratification effect is exactly the same.

Not just trading. That's certainly a distorted reality perception, which can't lead to anything good.

Trading psychology is no different from career psychology in general if we speak about setting and achieving desired career goals. If we speak about behavior of market participants, that's behavioral finance.

Right, I sell physical items myself and customers only see pictures or videos. Not trying to say price based on price implication is that complicated, but it certainly is more complex behavior than simple purchase for the sake of use.

One more thought: In physical trade, supply/demand is more often dictated by the benefit of owning something (using it). Of course there are speculative deals in R/E, arts etc. but for the sake of clarity we won't consider them here. Now, in financial markets, supply/demand is mostly driven by...

That's one great answer, RN! So you basically say that in short-term supply/demand has not much to do with forces behind market prices? I started this thread and am asking all these weird questions, because I want to better understand real forces behind prices. In my "real" business that's...

Aha, here's the example. I should've read it before asking for one. Thanks. :)

I am probably unaware of that, but have yet to hear about a company looking for TA patterns in order to predict prices of certain products. :) Could you please give me a couple of samples.

Would it mean TA in your opinion works only in highly speculative markets driven by greed and fear in purest form?

Let's say you want to analyze some market that is not one of instruments usually discussed here on ET (retail prices of cell phones in Malaysia for example). Would you consider TA to be an appropriate tool to predict price changes? If yes, why? If no, why?

You don't believe in your own strategy and tactics. That's good, cause it probably doesn't work.

First of all if a con man is really good, you most likely won't spot him/her. At least millions and millions of voters can't. :D Second, if someone is vague in a business talk when it's time to be clear about details, that's suspicious. Third, people rarely, very rarely do something without...

Somehow edge slowly eroded it seems. Drawdowns become deeper and longer and good streaks less frequent. It just lost sense to me to work that hard for the reward there was (if any left). I still trade actually, just not financial markets. :)

I agree, being exactly in that category Nietzsche described. Miserably failed at trading, but made it quickly and very well as a merchant (actually just came back to it, was a merchant before I started trading). Why? I believe trading demands too much from one. I simply am not able to meet the...

Who said it's 90/10?

I don't even trade actively anymore, not even speaking of hosting trading sites. :)

It's like that in every area of life. Your car can be fine, but you better drive well too in order to arrive where you want to.