If you could go back in time to when you were a new trader

[dbphoenix]

Quote from lindq:

That's a good question. I'd reply that caution is intellectual, but fear is emotional.

The former is rational, the latter is irrational.

Nice answer.

 

[icarus618]

A clear mind and excellent physical health: maintain and guard these closely. That would be my advice, especially the mind. Most people forgo the opportunity to learn without realizing it. It is easy to spot the losers here by their sacred cows. The psychopaths are the ones who encourage them. But who cares, really. Money comes and goes. It is the time spent gaining or losing that is gone forever. Trading is not life or death. Enjoy the game or find something else to do.

 

[Lights]

Quote from austinp:

no, what you describe are all methodologies that are breakeven at best, long term. More likely net-loss long term but the hapless traders following such failed plans cannot recognize such until looking back with hindsight later on.

nor is everything known to man out t

all methodologies work with sensible risk control.

 

[TheGreatGorilla]

Quote from icarus618:

A clear mind and excellent physical health: maintain and guard these closely. That would be my advice, especially the mind. Most people forgo the opportunity to learn without realizing it. It is easy to spot the losers here by their sacred cows. The psychopaths are the ones who encourage them. But who cares, really. Money comes and goes. It is the time spent gaining or losing that is gone forever. Trading is not life or death. Enjoy the game or find something else to do.

True. If you are going to trade might as well accept it head on.

Well said.

 

[R. Raskolnikov]

So you would advocate a random entry method, as long as one carefully manages risk??

Quote from Lights:

all methodologies work with sensible risk control.

 

[Lights]

Quote from R. Raskolnikov:

So you would advocate a random entry method, as long as one carefully manages risk??

you people are sociopaths.

 

[R. Raskolnikov]

You people are not very precise. That will kill you as a trader. You said ALL methodologies could work as long as risk was properly managed. To me this implies that risk management is the deciding factor in the success of any system.

Sorry, I just asked a question. No need to flip out.

Quote from Lights:

you people are sociopaths.

 

[Lights]

Quote from R. Raskolnikov:

You people are not very precise. That will kill you as a trader. You said ALL methodologies could work as long as risk was properly managed. To me this implies that risk management is the deciding factor in the success of any system.

Sorry, I just asked a question. No need to flip out.

you people is "all aggregations agreed upon"

 

[TheGreatGorilla]

Quote from R. Raskolnikov:

So you would advocate a random entry method, as long as one carefully manages risk??

Has anyone actually ever tried that?

Just for curiosity? Haha

 

[MadeMan]

Quote from TheGreatGorilla:

Has anyone actually ever tried that?

Just for curiosity? Haha

whats a random entry ?

throwing darts ?

flipping coins ?

educated guess ?

hardcore analyzed , throughly planned and executed ?

if computer says so ?