Any long term strugglers out there?

All the people in this thread are talking about systems, entry's, charts, candles, and so on. Nobody is talking about how they feel, think and react.
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I have to cordially disagree with you on this. Systems, entries etc is what quantifies and allows for a methodology to be implemented. Feeling and reacting are emotional traits, which tend to be counterproductive in trading successfully.
 
Alpha Trader said:
I have to cordially disagree with you on this. Systems, entries etc is what quantifies and allows for a methodology to be implemented. Feeling and reacting are emotional traits, which tend to be counterproductive in trading successfully.
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But the issue is even with a good system most of us trading live will actually time and time again trade against our system and lose.

You need both, is the mental part which takes so long to master, profitable for a year but it's still a constant struggle.
 
Alpha Trader said:
I have to cordially disagree with you on this. Systems, entries etc is what quantifies and allows for a methodology to be implemented. Feeling and reacting are emotional traits, which tend to be counterproductive in trading successfully.
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And emotional traits, feelings and reaction allows for a methodology to be implemented...
 
.28%? That sounds high to me

But Im glad to be in such a lofty , select circle, along with Jack Hershey and the other lifetime winners, most of whom are et members. just askem
 
But the issue is even with a good system most of us trading live will actually time and time again trade against our system and lose.
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And that, my friend, is what sets the the successful trader apart.
 
Turveyd said:
Land of the free has more rules than anywhere else ( okay China worse ? ), ironic isn't it!
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Seems true to me. Actually think China has less rules. You would not believe the amount of paperwork I had to sign to hire a snowboard in the US. So many tick boxes saying things like you acknowledge than snow is slippy etc.

Regarding trading, the US rules and capital gains taxes are one thing that really puts me off going there. The headline taxes in Europe are higher but many countries have special accounts in which you can trade either tax free or very low tax.
 
I do not trades strangles, I use strategies that suit me, but I know how to make a lot of stuff work-that's the appeal of options,you have a mountain of choices with each underlying,though I have given up with equity options-they can't foul up an index too often-except at expiry,and you can avoid that.
 
speaking of chat rooms on the net., i find the only way to compete with the profound idiocy on display, is to post deliberately inane stock calls, predictions.

works good. fite fyre with fyre
 
danielc1 said:
Maybe somebody who is struggeling for years is reading this, therefore I will post one thought: All the people in this thread are talking about systems, entry's, charts, candles, and so on. Nobody is talking about how they feel, think and react. It's really all about changing your feelings, thoughts and reaction to see clearly that everything can and will work, if it suits you. Most people do not spend years learning how to trade. They spend six month's of learning something and are repeating the same process over and over again, no matter what the results are. The feeling is shaped, the thinking is made hard and the results shows it. Negative or positive, it's the feeling that counts for your brain. That is what Ed means with everybody gets out of the market what they want.
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Good point. Right now I'm feeling kind of confident, maybe because I recently finish developing my swing trading program. If this does not work, I really don't know what I will do. For this month, last time I checked I was down over 3% with one week left in the month. Amazingly, I am still high on confidence, because on my back testing, it showed I would have periods of draw downs.
 
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