CL Redux

you can disagree with me. I hate arguement.
I think that author is selling book for a living, not trade for a living.
then how do you explain my just did short breakdown trade? I saw it lots of time, and the EMA is dropping, I know it highly favors me... for a noob, maybe he is buying while ignore the market is dropping. even he is brave enough, or chicken enough, he still does not know what he should do, how can he trade for a living?

master the skills, do not blame your emotions.




Quote from lurefo:

Most of the best traders in the world have written on the subject and they disagree with you. Unless your strategy is 100% automated, trading is all about psychology.

Even with the best money management techniques and a solid trading stategy, 90% of the traders will screw up. You know why? because our actions are driven by our emotions and our state of mind wether you are aware of it or not.

Your car analogy is bad because of the above. A car does not think. A car doesn't have emotions. It doesn't get mad and do stupid things. If you want a good analogy, take professional sport athletes. If you have done any competition, you know techniques don't make the difference. But psychology does.
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Quote from trader198:

you can disagree with me. I hate arguement.
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We can have a discussion with different opinions, can't we :)

Quote from trader198:

I think that author is selling book for a living, not trade for a living.
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That is highly subjective, only the author knows if he can trade for a living and what his intentions were when he decided to write books.


Quote from trader198:

then how do you explain my just did short breakdown trade? I saw it lots of time, and the EMA is dropping, I know it highly favors me...
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One trade doesn't make a system or a trader, so not sure what your point is... re-read my previous post regarding the athlete analogy. It's pretty easy to understand how psychology affects them - and us as traders.


Nice trade though. Keep it up.
 
G'morning traders !!!

Anyone get a nice piece of short so far ? Down 3$ since 5 am ... I think im gona have to start waking up earlier im mixing all the action :D
 
so far up nicely, got most of the drop
Quote from neveral0ne:

G'morning traders !!!

Anyone get a nice piece of short so far ? Down 3$ since 5 am ... I think im gona have to start waking up earlier im mixing all the action :D
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Quote from neveral0ne:

G'morning traders !!!

Anyone get a nice piece of short so far ? Down 3$ since 5 am ... I think im gona have to start waking up earlier im mixing all the action :D
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I'm with you on that. I only have till 10:00am ET to trade today and tomorrow, and I missed all the good stuff overnight!
 
Quote from Went Fishing:

Hey, mrbochin23

Sounds and "looks" like your 99.999% there.

You obviously have a GREAT system.... What, or Why don't you trust?

How much "discretion" is involved? I've found in my trading discretion was the hardest indicator to adjust. I quit, (and I think you will too), trying to "out smart" one of the fastest CPUs (available to the public) in the WORLD!!

You GOT IT, TRADE IT!

If you want a book to read, I'll suggest "Trading in the Zone"

http://www.amazon.com/Trading-Zone-...=sr_1_1?ie=UTF8&s=books&qid=1274300341&sr=1-1

Keep up the,

Good trading

<*)))><
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Thanks a lot for your advise, I will take it in consideration.
Good luck to you guys this last two days of the week.
 
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