Well, I believe that money can be made in the market simply by using excellent money management without a real edge. Eventually, if you last long enough via money management, LUCK will smile upon you providing huge wins or just a single giant score--- but you need to last via money management until this happens---- FOlks like DB-- should they be telling the truth, have been FOOLED by this fact-- just like the ancients pointed toward the stars for reasons why, these folks point toward TA or whatever---
The day to day psychology of a trader
- Thread starter smallStops
- Start date
Well, I believe that money can be made in the market simply by using excellent money management without a real edge. Eventually, if you last long enough via money management, LUCK will smile upon you providing huge wins or just a single giant score--- but you need to last via money management until this happens---- FOlks like DB-- should they be telling the truth, have been FOOLED by this fact-- just like the ancients pointed toward the stars for reasons why, these folks point toward TA or whatever---
Hmm... probably luck sometimes smiles indeed to random traders, just like it does to gamblers, but overall mathematically trading or playing this way is a losing proposition. In the long run you would lose more than you win.
Guess there's a reason why top money managers mostly play with OPM.
This is likely the dumbest thing you've ever posted, and that's saying a lot.
Sure, guys. Just keep pounding away until you get lucky. As long as you "manage your money", everything will work out.
Jeez.
Not good advice, but these statements are true.
What's also true is Martingale's doubling up betting strategy (implemented with 4+ bets on roulette) has a high probably of working when attempted once.
Man, talk about delusion. If you were accurate about reason for making money, these reasons could be programmed and you would have money machine. Ever wonder why that will never happen with your price strategy? surf
If you look at the great traders, money managers and others who are verified-- you will see a single or several outrageously fortunate trades that propelled them into the business-- tudor jones, jessie livermore, all of them--- NEXT they step into managing LARGE SUMS of OPM (most of the time-- i think livermore managed his own money-) --- this is how the business works. these "lone wolf" basement types have ZERO evidence of their success--- therefore zero credibility in the real world of finance. That's quite obvious. Yet they exist online??? Yuck!
Remember, in this case, we are dealing with a counselor, a PhD, an expert in presentation and mental manipulation. Unlike the crank engineers who have threatened me in the past for questioning them, this person is highly skilled with language and people skills. A magician of sorts---- A dangerous combination when applied to those who want to believe.
Truth is its extremely difficult to HIDE SUCCESS in this world---
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Agreed!
Thanks. if traders just looked to the truth, all these false prophets and internet BSD's would be mocked into oblivion. surf