How long did it take you to realize that you were a gambler?

[themickey]

That you have good strings of success is a good thing. Worth your while to figure it out more so that you don't have bad strings. It's doable. Believe me.

Yes, I created a new system a year or so ago, it started off rocky, nearly gave up on it but persevered.
I'm still suffering some consequences of (a) initial lousy trades which today don't meet the citeria but I still hold as their position sizes are small (b) still ironing out bugs in my approach due to it is radically different to how I've ever traded before.
Saying that, returns are so much greater than previously so that makes it easier to live with the flaws of riding on new trainer wheels.

 

[Scataphagos]

Yes, I created a new system a year or so ago, it started off rocky, nearly gave up on it but persevered.
I'm still suffering some consequences of (a) initial lousy trades which today don't meet the citeria but I still hold as their position sizes are small (b) still ironing out bugs in my approach due to it is radically different to how I've ever traded before.
Saying that, returns are so much greater than previously so that makes it easier to live with the flaws of riding on new trainer wheels.

It's a process. You get what you get when you get it, if ever.

I recall one famous old-timer retiring and saying, "I traded the markets for 50 years and never really "figured it out".)

 

[themickey]

Back to gambling, even throwing all your old system away, no more Amibroker, no more Norgate data, no longer using previous computers, operating systems, software - all changed.
Total about face on my previous trading beliefs.
That in itself is a gamble imo.
Initially a year or so ago discovered by accident.

 

[Scataphagos]

Back to gambling, even throwing all your old system away, no more Amibroker, no more Norgate data, no longer using previous computers, operating systems, software - all changed.
Total about face on my previous trading beliefs.
That in itself is a gamble imo.
Initially a year or so ago discovered by accident.

You can partially figure it out... net wins > net losses, which you seem to be doing now. But it's possible to get much better still.

I can tell you want to get better (who wouldn't?)....

So in case you're not focusing in the right place, I'll say again as I've said before...

The beginning place is to .....

Buy Support
Sell Resistance
Chase Breakouts
Trade With Stops

I'm willing to advise traders "where to fish", but I'm not going to bait their hook and cast their line for them. The above is "where to fish".

Good Luck!

 

[BeautifulStranger]

Are you in Denial? Were you in Denial? Have you never considered trading... gambling?

Tell us your story?

I woke up one late afternoon and realized I was out of Sterno. I had hit rock bottom. I realized the truth was staring me in the face: I was a degenerate gambler who lost everything. There was a choice to be made. Trading or Sterno. I no longer trade.

 

[themickey]

The beginning place is to .....

Buy Support
Sell Resistance
Chase Breakouts
Trade With Stops
....Good Luck!

I do none of that.
No charts, no levels, lines or indicators, no conventional TA, no volatility info, no volume bars, rarely chase breakouts. Very little fundamentals.
No charting package, not subscribed to data (anymore).
Just trading off streaming data and databases.

 

[QTrader20]

When a trader keeps saying "Fxxk", throw a mouse or bang a table each time a trade turns red, we know he is an amateur trader (a.k.a. a gambler.) I've seen those in a trading room with my own eyes.

 

[Scataphagos]

I do none of that.
No charts, no levels, lines or indicators, no conventional TA, no volatility info, no volume bars, rarely chase breakouts. Very little fundamentals.
No charting package, not subscribed to data (anymore).
Just trading off streaming data and databases.

No wonder you appear to be struggling at times. Wise UP! It's all "in the charts"... what players are doing with their money... buying/selling.

 

[themickey]

No wonder you appear to be struggling at times. Wise UP! It's all "in the charts"... what players are doing with their money... buying/selling.

Struggling? Where'd that come from?

 

[themickey]

This is struggling.

Lemming world.