Quote from TSGannGalt:
1. Hands tremour... legs shaking = Anxiety. OK... google why those things happen. Or watch Sopranos... if trading or making money conflicts your past traumas, you shouldn't be trading to start off with.
I believe a person can cope with these if they take time to dig deep and find the sourse of the problem. Hence, my insistance on the importance of psychological factors.
Quote from TSGannGalt:
2. Having the best discipline (Money Management... etc. etc. ) doesn't make an invalid (unprofitable) model/system/methodology/technique work.
Agree 100%. However, firm discipline combined with good money management can help make the most even of a marginally profitable methodology.
Quote from TSGannGalt:
3. Skills and experience provides you with clarity. Some retarded monkey see a large surge in the market... he starts blaming it on GS or high frick... or thinks that it's some psycho-babble reason for not getting out early enough. An average trader sees a large surge in the market, he knows that there was econ. number coming out or the market rebounded from a Delta-5+ Gamma between cash and options...
History somewhat tells that humans start doing some crazy shit like witch-hunting or human sacrifices towards something unexpected and unknown.
It's interesting that you bring up something that in the case of a trader is again a psychological issue. If a trader cannot accept a loss simply as the cost of doing trading as a business, they think a loss is someone's fault. As most people are reluctant to blame themselves for their mistales such as lapse of discipline, a trader would try to find and external (even imaginary) force to blame. Not very much unlike witch hunt when people blamed supernatural for poor harvest and other difficulties.
Quote from TSGannGalt:
What's interesting is your analogy.
Thanks!
Quote from TSGannGalt:
Let's say I give in a bit about hand tremor and shaky legs. If that is really the case, I'll prolly just build a robot that does the same swing over and over again (You see it on infomercial that test who's golf clubs are better), while I build the game plan in which the robot should be played with. Though, most of systematic trader/automated traders lose as much as the discretionary/manual traders.
Is
this the golf robot you have in mind? Or
this one? I haven't seen the infomercial where a robot is used to compare clubs.
Anyway, suppose robots were permitted in golf competitions. A player would still need to position the robot near the ball, calibrate it in some way (the robot doesn't see where the target hole is - it just does a perfect swing). It would also be up to the player to choose the route when the hole is not achievable in a single swing.
Even if the robot takes care of the perfect swing it's still up to the player to pick the optimal route to the next hole, choose the direction of the next hit (knowledge of golf, skill), and not to mess all of this up, not to take annecessary risks (discipline, psychology).
Similarly, even if one has a good automated system it's easy to mess it up... by keeping it online during extraordinary conditions like a market crash or by taking too much leverage.
Quote from TSGannGalt:
Oh... the profanity (here it goes)...
Finally, what's with personal attacks? If you are having a bad week, I feel for you. We've all been there. Today removed over half of this week's profits for me. On the other hand, in the unlikely event you are trying to make others feel bad about themselves, you should try harder.
