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Positive affirmations taken seriously leads to a way of becoming very closed-minded, the opposite of what a trader needs. Even when people tell you harsh things there's often some truth in it you need in order to stop sinking! Mature people will listen to everyone and not just to yes-women.

How are market efficiencies comparing to laws of thermodynamics?

There are no rules you need to impose on yourself when trading, but there are general advices that will avoid noobs blowing up first time they try. If you lose 20 times in a row, will that be a catastrophic loss for you? Btw, 1-3% is meant to be from total account size, aka all your money, not...

Why?

If you trade very rarely and do good entries, you could win big just by being lucky. So any efficiencies in the markets won't care about your one lucky position. However, you could just as well be unlucky. Maybe try again, and would you have any idea how many times you would need to try to reach...

If there's a culture for doing business within the family, then it might be OK. There's usually some expectations of "making good again", or risk swimming with the fishes (joking! :cool:) But not if you don't already make money, have a proper business plan and not properly informing that all /...

I see it now a big puzzle, and if you don't have the "corner pieces", you're essentially lost. You need to find some fundament and build on top of that. Incidentally, those "corner pieces" you choose may pose limits to your final system. Rinse and repeat until you get a meaningful breakthrough...

Duh! The chicks in Uni were real, not the chicks in chatrooms. Pretty funny sometimes posing as chicks in various chatrooms! :finger::rolleyes:

There are countless ways to f up trading. It's either because of bad trading plan or flaws in execution. The latter needs to be addressed in the former. Typically the trading plan sucks in some way that creates too much loss. This is most clear in mechanical trading where the code is the plan...

What the usual suspects on ET forgets/ignores is if asking anyone to tell their entire life-story, including the juicy-details, there's bound to be some unbelievable elements, synchronicity and fantastic stuff in there. In depth and/or from one perspective, there's something out of the ordinary...

More counter-intuitive (this time by definition): Lack of brains? Just kidding ofc, but research do show females on average to have stronger psychological fortitude, stamina and emotional intelligence. Believe it or not, men and women are not built the same, neither is each individual. Most...

Buy low - sell high. Sounds simple, should be simple perhaps. However, if you do a www-search on "weakness", that is what you will find - and more and more of it. So it is with most markets too. Most of the cheapest stuff is just garbage headed straight for the bin.

Isn't a low risk trade just a trade where you risk very little? :p I thought it was an ear or something too! Don't shit your pants guys.. Geez, no need to get so worked up. About anticipating prices based on volume/momentum/whatever, if it works, use it, and when it stops working, stop using...

If someone is consistent, not just lucky for a while, I do believe that must come from consistent research and practice. Not very magical either, or sexy, just lots and lots of hours of banging head against wall purposefully...

We get what we pay for, as a society, not as individuals necessarily.

This is a distant variant of CCI: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:commodity_channel_index_cci Using EMA may improve smoothing of the average but will have some dependency on initial conditions, starting point and number of bars / period. Dividing by...

Proof bartering and haggling can still earn you a nice bed of the good ol' bills, one way or the other! REALLY nasty with the traditional horny GF..

Sub 1.00 is garbage on most stock exchanges. General recommendation is only trading >= 10.0. A multiple of volatility (ATR, STDDEV) can be used to estimate risk and position sizing, which in this case will be absurdly low. You don't wanna trade more than a fraction of daily average volume in...

Some like dojis, inside bars and breakouts from them. Dont matter for a whole position and sl too tight loses trading virginity:wtf::fistbump:

Taking a break from trading sounds healthy, there's hookers and booze and coke in life too ya know :p Seriously, what you are trying to accomplish can be seen as predatory practice to some degree. Getting majorly rich quickly, quickly leads to getting screwed over majorly. There's all kinds of...