To be a great trader you must think like a "pro dealer."

Quote from RangeTrader:



The specific ruleset the market follows is set by the 5%. Whats rather funny is the exact same rulesets set in place back in the 1930's and 40's the market still follows exactly.
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This is not funny.

Its the only reason why i am able to make money in the markets.

How could it be otherwise, only historical statistics can create rules how it have to be in the future.
In trading there is no future without the past.
 
Quote from HATEtheRisk:

:p
Yeah, the rules in "my" book.

Dont forget "hand written".
:p
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don't forget to autograph it, it may be worth a lot of money someday
 
Quote from oldtime:

don't forget to autograph it, it may be worth a lot of money someday
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Hmm:confused:
No. :p

Its already worth billions of zillions of Dollarz.

The only problem is that there only money comes out, if i use it.

But i guess i will probably make a printed version, because all the hand writting papers and notes and updates i added, make it look really weird and you really need a bachelor of coding to find in it what you are looking for.
But all the drawings of candelstick patterns i do the past with my hand, on the pc it looks not good.

Nobody would understand it anyways, if i sell it oneday, because of all the shortings of names, and its in german.
Its like a secret language, only i can understand all this stuff.

But after all, my rulebook is my life work. Doesnt matter how much money i will make in my life, the true art of the devil is in this book/s.
In all this thoughts i have spent so many years, so much pain.
Its my love. I love you my rulebook.

LOOOOOOOOOOOVVVVVVVVVVEEEEEEEEEEEE
:p :p :p
 
Quote from 1a2b3cppp:

There reason there are so many failed traders is because no one has a winning system.

People blame it on other things, like gambling (which admittedly, some people do treat it as), or poor discipline, and that may be true, but even perfect discipline only works if you have a profitable system, and almost no one does.

I believe last time this argument was made, someone replied with "no, it's discipline. There are tons of profitable systems out there, people just can't follow them." LOLOLOLOLOLOLOLOLOLOLOLOLOL!!!
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Hello,

i might be one of the execptions.

I really have perfect winning systems, but the only problem is my discipline.

I lose money if i dont do what i shall do, according to my rules.

The problem is then, that i think "i want money now".
But the game doesnt work this way.

Also if i see a setup has started, but price already have gone to far to enter, i cant enter that trade. I did it so much and it is very bad trading, because if something will not go right, everything is fucked up, no good risk/reward rate, no Trailing Stop opportunity, nothing, just betting on beeing right. Thats bad, and without the best price, within a specific entry price level, together with the right time, everything is useless.

Discipline is the only thing i am fighting with.

So what shall i do. I want to make money, when the markets are open. But i must wait and wait and wait.

And if i dont make money one week, i dont care.
And if i dont make money 2 weeks, i dont care.
And if i dont make money 3 weeks, i dont care.
Every month there will be at least one trade setup, a perfect one,
exaclty so how my rules say.

Patience = Discipline.

Trading is boring.

But, hey, when then i have a setup, i am so excited, its like pure Adrenalin.

I know i am crazy.
LOL
:p :p :p
 
Quote from HATEtheRisk:

Hello,

i might be one of the execptions.

I really have perfect winning systems, but the only problem is my discipline.

I lose money if i dont do what i shall do, according to my rules.

The problem is then, that i think "i want money now".
But the game doesnt work this way.

Also if i see a setup has started, but price already have gone to far to enter, i cant enter that trade. I did it so much and it is very bad trading, because if something will not go right, everything is fucked up, no good risk/reward rate, no Trailing Stop opportunity, nothing, just betting on beeing right. Thats bad, and without the best price, within a specific entry price level, together with the right time, everything is useless.

Discipline is the only thing i am fighting with.

So what shall i do. I want to make money, when the markets are open. But i must wait and wait and wait.

And if i dont make money one week, i dont care.
And if i dont make money 2 weeks, i dont care.
And if i dont make money 3 weeks, i dont care.
Every month there will be at least one trade setup, a perfect one,
exaclty so how my rules say.

Patience = Discipline.

Trading is boring.

But, hey, when then i have a setup, i am so excited, its like pure Adrenalin.

I know i am crazy.
LOL
:p :p :p
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but you know there is no perfect system, i know a perfect system no losses for 10 years, then it started losing. Luckily the system is still in profit every year for the last 20 years, but the 100% winning ratio obviously was fake, it's only a 90% winning ratio. And how do you live on 100 ES point a year? Thats like 0.33 points a day. As you see, a perfect system doesn't exist.
 
Quote from failed_trad3r:

And how do you live on 100 ES point a year? Thats like 0.33 points a day. As you see, a perfect system doesn't exist.
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Simple, you use more than a 1lot.
 
Quote from zdreg:

retail pikers can distort the market for a few seconds. then some nervous big player takes the wrong course of action.
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Doubt they can at all if speak of real top liquidity markets.
 
Quote from failed_trad3r:

but you know there is no perfect system, i know a perfect system no losses for 10 years, then it started losing. Luckily the system is still in profit every year for the last 20 years, but the 100% winning ratio obviously was fake, it's only a 90% winning ratio. And how do you live on 100 ES point a year? Thats like 0.33 points a day. As you see, a perfect system doesn't exist.
More...

Who cares about the winning ratio at all? As long as draw-downs are moderate compared to profits, any hit rate is a good system. Trying to avoid losses is one of the worst psychological traps wannabe traders fall into.
 
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