Andrea Wylan
Sponsor
Thanks for asking. My website is awylan@yahoo.com. The Enlightened Traders site is my blog.
New Video--The psychology of risk
- Thread starter Andrea Wylan
- Start date
Looks more like a email.
tbh, you're not making the best impression by not answering simple straight-forward questions and making avoidable mistakes. There were no answers to my questions on your website.
Andrea Wylan
Sponsor
Awylan.com
I sure get the title about the psychology of risk. Here is a trade I made Friday. I nailed the entry with 3 SPY options as it appeared to be breaking down and then added 2 more of the 401 Strikes a minute later. The trade worked but I just could not let it run. I made $600 or so on the 5 options but I knew it was going to regret bailing out on the trade. The trader's dream is to catch a big run and I was in on it but the fear of losing a profit caused me to cash it in. I was not afraid to take the risk initially and was so confident that I added to the position but all of a sudden when I had the profit I became afraid of the risk of losing profit. If I just held until it based out a little there was an extra $2,500 in the trade.
I have attached a chart showing my entries on a 3 min chart and also a screen shot of my trade entries. Blue arrows are my entry and exit.
I have attached a chart showing my entries on a 3 min chart and also a screen shot of my trade entries. Blue arrows are my entry and exit.
SML, did you watch the video? In another thread you stated that you trade with a 1 to 1 Profit/Loss ratio.
Hello Illini Trader,
No , I did not watch the video.
I trade with 1/1 ratio, .3 ration, 0.1 ratio, 0.8 ratio.
I trade with whatever ratio I want to trade with and do whatever I want to do.
Trading is about making money, all I care about is making money.
Again, traders lose money, because they do not know how to make money.
I agree with you "traders lose money because they do not know how to make money
But this is not an arbitrary quote "When it comes to the world of science, psychology isn’t one. y until ... we can avoid using math analyses". It is a succinct critical and complete wholesale condemnation of psychology start to finish.
Might want to update the pic on our website vs face I saw in video. Could be considered disingenuous to portrait yourself as a much much younger person.
Everyone (and everything) looks so much more brighter, and edited, in professional photos....versus normal, every day, life.
That doesn't mean it's considered misleading or fake, though.
That would be like complaining that a Big Mac in person....looks nothing like the big, perfect, fluffy, bright, marketing photos,
Even perfect porn actresses....I can assure you....in normal, every day, life...you wouldn't even recognize them, if they passed by you in public.
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We'll need some examples, mac.
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