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"Buy low sell high!"

Hey we have an almost Fibonacci ratio of gamblers and the non-gamblers, woooo...

Hey we have an almost Fibonacci ratio of gamblers and the non-gamblers, WOOOOOOOO....

Where's the original article from regarding the 15million jobless figure?

Those're excellent points and I will take heed in your words.

Everyone has their own subjective interpretation for the term "gambling". What can anyone here possibly gain from debating over something trivial like this? It's like arguing about the "divine command theorem", i.e. Is god holy because he is holy, or is it because men claim he is?

I know a real estate broker who's losing value consistently. He sees about 10 potential clients a day, and with each one he's got expenses with gas, cell phone time, and just opportunity cost over all. It's been 3 months and he's gotten NO sale out of about 100 buyers he's talked to. That...

Where do pirates like to eat? ARRRRRBY's

LOL this thread is hilarious

Sometimes, they work every time :p

That made a lot of sense. No, I don't use a trailing stop and now I'm getting flashes of myself doing over analysis, staring at the chart, and somehow convincing myself to take profit and run before it goes south. I think the little wiggles from price movement still gets me worked up, despite I...

Thank you, that is an excellent idea. I started adding my emotions and thoughts into the trading journal.

Hi Gnome, I agree with Whitster here. The way you set your exit for a losing trade is crucial to over all performance of any trading strategy. Setting them at arbitrary levels and just hoping to get lucky and not stopped out before the market moves your way is a bad idea.

You make a good point that perhaps I'm just using the wrong choice of words. Sure, we can call it "managing emotions" so that your mind operates without interference from emotions. What were some of the things you had done to manage your emotions?

Hi Mark, I respectfully disagree, but thank you for the comment. I used to run an export business, and negotiations with vendors/buyers always failed for the party who gets emotional. It was all about staying emotionless and logical to win. That took a lot of experience and time to manage. I...

It's not so much that I'm changing my stops. I have never ever had that problem, since everything I've ever read emphasized on cutting losses. The issue I have has to do with taking profit too early, even before hitting my targets. It's partly due to impatience, and partly due to the tension...

Is that all he said? Did he mention anything about how he stayed emotionless?

thanks for all the responses guys. I figured it's probably not possible to completely take out emotions unless you become a robot or something. I've read Trading In The Zone a year ago, and it wasn't much help at the time. It was at the point where I read up on mathematics regarding stats and...

Yeah I've been doing the meditations and dissociation exercises, and my state of mind while in a trade these days is way better than a year ago. Just thought maybe there're even better ways to speed up the process of mind conditioning. Yeah I bet losing 95% of the account would take the...

Point taken. Just I find myself performing better on days where I'm kind of withdrawn, or numb from fear. Figured it might be worth looking into.