The "Aha" Moment!

Sweet Bobby said:
Ah, that explains it. You’re a sim trader! Gotcha. Makes perfect sense.
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And seriously dude, you're an asshole. I am not just a sim trader. I'm a real trader also. Did you miss the following shit? Oh, no, you did not, because you responded to it...

https://www.elitetrader.com/et/threads/the-aha-moment.329021/page-10#post-4795105

If you are going to post insulting jabs at me, if you are going to claim I am fake, then put up your own live trades, rather than say that you took "$700 of my money today."

Which is odd, because I lost my money the day before you claimed to have taken it from me. Seriously Bobby, can't you just go and post a real-live money journal somewhere, and leave us struggling traders alone while your super-trader system rakes in your gobs of cash? Fer cryin' out loud man.
 
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Overnight said:
And seriously dude, you're an asshole. I am not just a sim trader. I'm a real trader also. Did you miss the following shit? Oh, no, you did not, because you responded to it...

https://www.elitetrader.com/et/threads/the-aha-moment.329021/page-10#post-4795105

If you are going to post insulting jabs at me, if you are going to claim I am fake, then put up your own live trades, rather than say that you took "$700 of my money today."

Which is odd, because I lost my money the day before you claimed to have taken it from me. Seriously Bobby, can't you just go and post a real-live money journal somewhere, and leave us struggling traders alone while your super-trader system rakes in your gobs of cash? Fer cryin' out loud man.
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I would recommend that you develop a written plan. You are seriously directionless and void of a soul. May you find peace on your unsuccessful trading journey. I can’t wait to take more of your money tomorrow!
 
Sweet Bobby said:
... I can’t wait to take more of your money tomorrow!
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Hmm. I think I get it now. You are haunted by the pics of real money being lost by people who trade real money, because you do it too...You lose money, but are afraid to admit it. Think we just found your Achilles heel?

Here, you want more cringworthyness?

I dunno. Will Sweet Bobby be able to handle a live statement post which shows a loss? Should I? I have it queued up...*clucks*
 
Overnight said:
Hmm. I think I get it now. You are haunted by the pics of real money being lost by people who trade real money, because you do it too...You lose money, but are afraid to admit it. Think we just found your Achilles heel?

Here, you want more cringworthyness?

I dunno. Will Sweet Bobby be able to handle a live statement post which shows a loss? Should I? I have it queued up...*clucks*
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You are correct. They are days that I lose money. However, over the course of time I am consistently profitable. It’s just math.
 
Buy1Sell2 said:
The Aha moment occurs when you realize that the only edge you have is Prudent Risk Management.
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Such a statement depends upon ones definition of PRM. If a trader DEEMS that it includes ALL a trader does such has entries...exits...stop losses...% of account used in each trade...ad nauseum..LOL then yes PRM could be said to be your only edge. However, most traders (at least in their own mind) separate risks from their day to day ..trade to trade endeavours in the markets and place risk in, for the most part, within the category of % of account and SL’s. The risks associated with entries and exits..tactics..strategies...grabbing profits...letting them run...ad nauseum...they basically see in terms of probabilities or even possibilities. What is called “edge” they associate that with the latter things, just mentioned.

Bottom line, it is a matter of definition, semantics, and W.V. of trading. The heart of the matter is there really are risks. Practically any thing a trader does has riskstied to it. Even just opening an account has risks. The brokerage firm could go out of business the next day. Why does a trader sign all those risks forms upon opening an account? Well because there ARE risks associated with putting a foot into the trading world. Even putting a big toe in! ROFLMAO

As for me I can say PRM is not even an edge. Or I can say PRM is my only edge. It all depends upon which side of the bed I woke up on and what W.V. I am operating out of that particular day. The way people categorize risks is a thing of their own making...sometimes influenced by others. What one person sees as a risks the other sees a done deal and a piece of cake.

The truth is there is risks associated with practically anything you do in trading and over the long haul how you handle or manage those risks can be correlated to your profitability.

The BIG question is:

CAN WE CONTROL ALL RISKS?

ROFLMAO...ROFLMAO.......
 
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