I go further. when I open a position, I always start with ânegative expectancyâ, assuming the position is wrong and on the look out to close it before much damage is done.
Psychology, are you sure?
- Thread starter Alexis
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I go further. when I open a position, I always start with ânegative expectancyâ, assuming the position is wrong and on the look out to close it before much damage is done.
Exactly.
A method with a postive expectancy over a long period of time creates the best psychology.
Tiger woods has such great psychology because he has proven success.
Having great psychology without success is simply living in fantasy land.
The difference between genius and insanity is success.
Psychology is like the concept of volatility in options trading, Volatility is a catch-all word for whatever a trader cannot control or explain.
To reply post #48, you need read the Market Wizards book ( the 1st one is the best, read chapter about Bruve Kovner ) and book by Natenberg. Then find tradable options using IB's scanner and test your strategy in the Options Lab at http://www.TheOptionsLab.com
Good luck
To reply post #48, you need read the Market Wizards book ( the 1st one is the best, read chapter about Bruve Kovner ) and book by Natenberg. Then find tradable options using IB's scanner and test your strategy in the Options Lab at http://www.TheOptionsLab.com
Good luck
As you know RN, I am about to depart this site, but I have to retrieve an e-mail address first.
An here was me, thinking that a positive expectancy was some stupid math calculations based on a set number of trades, what an idiot I am!
Sure I thought the most important thing when trading was to not loose too much money, but obviously I am wrong.
It appears that it is far more important to do a few math calculations and base your success on a a few numbers - boy, how was I such a fool
i am very proud of my trailer trash american roots and at least I know that my mother was not a whore and my father a bastard
education you dim wit asshole has nothing to do with trading and it is dumb clueless thick fukin idiots like you and your inbreed like that enable us trash to make good money
oh no oh no, too much o
now i be, a fool you see
for if i not get, my word ok
a trader never, from this day
the dumb ass twit, a bleedin git
stuck up his arse, his head a farse
he think the word, comes first u see
but jack is shit, and always will be
inbreed i say, his lot today
with gammy jaw, and gaping awe
his type are clear, as clear can be
a trader never, ever never be
his mothers fault, and fathers too
for they not know, what to do
blind as a coot, no mind at all
and that is why, tradesall is small
he is but a jack, shit in time
his words are few, and do not rhyme
his only way, to think he know
is look at words, and say no no
a fukin dim wit, if ever be
and many like, him on et
for they think, they know it all
fact it be known, they know fuck all
what in the name of sweet lovin fuck are you on about!
do you think everyone is a thick stupid bastard lookin for fukin dim wit arseholes to show them all about options trading
the market wizards are about as much use to a trader as happy potter and the dumbledorf fellow but i am sure that some thick dumb ass traders here will read your shite and learn something about trading
you fuckin arseholes make me sick with your usual tripe and marketing rubbish
go and start a thread for inbreed jack shit heads and we can all have a good laugh as ye learn how to trade correctly
I agree with what you are saying - one shouldn't look down on other people because of their spelling mistakes. You should only criticize someone - politely and respectfully - if they can (easily) fix what you are criticizing. Other than this it's similar to racism. I mean, "trailer trash"... wow, do we realize what we are implying? A person saying this is basically bragging about having been born rich. It's first of all illogical (like other insults).
But I would just ignore racist posts, waiting for moderators to delete them. I would use the "complain" and "ignore" features. Luckily, there's balanced moderators here, unlike on another financial forum I was using, where there is this one moderator who participates in the discussions with personal remarks, offending other users, using his power to delete respectful posts he happens to disagree with, moving threads, banning users, for anything but objective motivations.
Regarding the dispute on whether we need a healthy psychology or simply a profitable method, in my opinion the best post of this thread is the one starting the thread. Of course, I say this because I agree with it. Many later posts (even recent ones) repeat the sense of that initial post. Let me quote once again the sentence I liked the most:
"If you trust your strategies, there is no room for thinking or doubts".
Alexis wrote this great post, starting a great thread, and then he left. I would like to pay respect to his insight.
But I would just ignore racist posts, waiting for moderators to delete them. I would use the "complain" and "ignore" features. Luckily, there's balanced moderators here, unlike on another financial forum I was using, where there is this one moderator who participates in the discussions with personal remarks, offending other users, using his power to delete respectful posts he happens to disagree with, moving threads, banning users, for anything but objective motivations.
Regarding the dispute on whether we need a healthy psychology or simply a profitable method, in my opinion the best post of this thread is the one starting the thread. Of course, I say this because I agree with it. Many later posts (even recent ones) repeat the sense of that initial post. Let me quote once again the sentence I liked the most:
"If you trust your strategies, there is no room for thinking or doubts".
Alexis wrote this great post, starting a great thread, and then he left. I would like to pay respect to his insight.
For God's sake, travis, if there is only one person who disagrees with the OP, it should be you.
According to your own admission, you have struggled for 12 years as a trader. TWELVE LONG YEARS!
After 12 years, you start to claim that psychology is not important.
How can you agree with the OP?
What kind of misleading signal are you sending to other traders?
Would you please make an effort to depart this earth while you're at at it? Thanks.
I was not a believer in how important psyc really was until I met a true 100 lot trader. He made the jump from 5 lots to a 100 lot in a 4 month period working with a trading coach. He was profitable for about 2 years and still trading 5 lots and within 4 months made that type of increase. I saw the statements first hand. Keep in mind the most diciplined person wont make shit without an edge but the edge itself may not make you a winner.