my personal thoughts after 20 years of trading

“The definition of insanity is doing the same thing over and over again, but expecting different results.”
But after 20 years ....
 
CSEtrader said:
Trotsky was not unique or original in this thoughts - life is a journey, not the goal, the only sure point of arrival is death, so enjoy every moment, Carpe Diem, "some years" before Trotsky was said.
Our Trader God just need to manage just temper, I believe, please, forgive me Trader God if I mistaken, but it is so classical for men not to bend their ego, to feel empowered when doing something and kind of useless when sitting quietly and this is how market taking all [rpfits.
While trading is absolutely not easy and is kind of metaphysical experience, it is much easier than to become flying Zen master, elevating yogi, where really more the one lifetime is needed. So, if there are courage and devotion, and Trader God have it, then with some discipline and patience, I believe everyone can achieve it and the world would be as in "Immagine", and "You will say I am a dreamer, but I am not the only one!"
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now i do like this post.
trading is not a picture, not even many.

is it tough? yes
is it tougher than life? no

ueselessness is not available, response is.

trading is easy and money means nothing except for a limit that you are looking for.

is there a limit? no


so make some money boys and girls. from home no need to waltz on the street.


and then?
 
padutrader said:
i started out like most or many traders,by trying to study market movements, to make 'sense' of them.but after 20 years i have to say that i am no nearer to this goal.
when i first came across Brooks, he too was on the same road: he said a trader has to trade all kinds of markets whatever the conditions are ;if you cannot swing scalp.

This after ten years i have failed to succeed in.

i must say in Brooks defense that he has laid lot of emphasis on risk reward strategies, which i did not due to which i havd suffered.

Bollinger on the other hand says that you cannot understand the markets,that continuous advice is impossible, and the only thing to do was to have a risk to reward way of trading.
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You have to define what type of day it's going to be. Will it be a range day or a trend day?
 
20 years seems to be enough long data, for personal trading logic.

Let us assume you started with a seed of 100 unit (such as 10K, 100K or 1000K does not matter)

Overall, 1) if you can say annual 10 percent compounded, then you account should have
100*1.1^20 = 672.75 units 2) if you annual 20 percent, then
100*1.2^20 = 3833.76 units. (AFTER EXPENSE)

On the other hands, if you account is almost broke, then you lost annual -5% compounded (More exactly <= -10% / Note 0.9^20 = 0.1215767 )

However the expense such as tax and commission is MUCH MORE important.

Interested in total expense for the last 20 years.
 
Palindrome said:
OP,
Let me guess, you trade in the short term? The short term game is like stepping on an NBA court at age 50. Unless you got mad skill, your dead.

When you lose for a fair amount of time, you develop a complex. That complex keeps haunting you and resurfaces continuously.

20 years unfortunately is a long time to lose and the complex is deep.

1) Design an edge
2) Test the edge
3 Determine if the edge is executable
4 Trade the system
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I agree this totally. 1)Design + 2)Test) + 3)Make System.

Stock market is (probably) ONLY market which keep the old data for 20 years.
We can get data (20 years) to backtest and find a profitable trading logic (after tax).
 
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