Quote from ang_99:
Another note about algo's is that they are always in competition with each other.
So you produce a mish mosh of shit in the end.
what is this, brokerage english?
because i don't want my thread to end with the words
"mish mosh of shit" - i think we can do a little better than that, especially if we claim to be "elite traders" - let's call it
zero-sum game instead and leave it at that.
and yes, you need skill set, trader etc etc there are a lot of things you need. most importantly, you need to unleash your inner, and conquer your past fears. don't try to dominate the person on the other side of the trade. don't let the person on the other side of your trade subdue you. it's all about domination and control. never let the winners overpower your losers. it's a battle you have nothing to do with. stay detached. it's like
zen in the art of archery. you already know you will hit the target the next moment. do a series of
tai-chi exercises before every trade. visualize your trading wounds and the healing process. your winners are already becoming more important than your losers. the losers are no longer in control. but you should not take sides. it's only between them, and only them, your losers and your winners, you should stay out of this. it's very important to have a plan. even if the plan is to join a prop firm in the hope to go to hawaii one year later. you might as well give me half of the money now, and return one year later, i'll save you 50% of your trading capital. stay focused, like an ancient warrior, concentration is key,
your mouse is your sword. remember you control the mouse the mouse does not control you. again, it's all about domination and control. you may think the person on the other side of your trade controls you, via your mouse, but you have to counter that with your own trading energy, and overpower the person on the other side of your trade. you're already stronger. you may be trading against a hedge fund, or a huge player, you don't know, but you'r already becoming stronger,
you can say trading is aikido, your enemy can't defeat you, because your weakness is your strengh, and, of course, vice-versa.
ushiro-waza ("rear techniques") are designed to assist an aikido practitioner to refine his or her "sixth sense." This allows aikido practitioners to test their intuition and ability to respond without being able to see the attack.
ushiro techniques represent the intuition, presence of mind, and good judgment we need to function well in life.
randori (free-style) techniques help develop free-flowing movements, keep peripheral vision, quick reactions, and firm presence of mind.
good
zanshin, remaining alerd and on guard even after the technique is executed, is also vital in aikido training.
sometimes just the simple act of greeting the rising sun at dawn can be a powerful form of
chinkon-kishin. morihei composed
this verse:
the morning sun
floods my heart with light.
from my doorway
i soar to heaven
bathed in divine radiance
