Trader's attitude toward winning or losing

[Aisone]

Of course it's rigged. The market isn't there for you to make money. Like any other market it is there for the people who run it to make money. You don't expect to be able to make money from any other retail business where someone is selling you something you think you want, why would you expect to make money from a business that sells you securities?

I said 'rigged', not 'unpredictable'. It's actually a good thing. If it wasn't rigged and volatility was really entirely random, there would be chaos.

 

[smallfil]

I really hate the term 'edge' that people throw around. I respect those that do a tremendous amount of statistical analysis to determine a statistical edge and in turn profit from that research. Everyone else that uses it is just being a dork.

The edge if you have it is built into your trading system. It doesn't care who has an edge or who doesn't. It is the height of folly to trade having negative expectation. All it is is simple math. Use the formula and see if you have an edge. Otherwise, you deserve to have your head handed to you.

 

[Aisone]

The edge if you have it is built into your trading system. It doesn't care who has an edge or who doesn't. It is the height of folly to trade having negative expectation. All it is is simple math. Use the formula and see if you have an edge. Otherwise, you deserve to have your head handed to you.

Case and point.

 

[SunTrader]

Markets/price action are a form of chaos. Actually all data series.

 

[Aisone]

Markets/price action are a form of chaos. Actually all data series.

In theory, but not necessarily in practice.

 

[SunTrader]

In theory, but not necessarily in practice.

No.

 

[Riley.R]

Edge can be far or near! True in every sense.

 

[cassius978]

In my opinion, when you win, you keep pushing yourself forward, and when you lose, you learn from your mistakes.

 

[claytantum]

When you win a trade, I believe the strategy you used was effective. And you keep doing the same thing in order to be successful in your future trades. However, if you lose a trade, you must change your technique or trading pattern. And instead of being demotivated, you should learn from your mistakes.

 

[SaraSebastian]

When you win a trade, I believe the strategy you used was effective. And you keep doing the same thing in order to be successful in your future trades. However, if you lose a trade, you must change your technique or trading pattern. And instead of being demotivated, you should learn from your mistakes.

I totally agree with you mate. Always appreciate yourself whenever you are in a winning run, also, never let yourself down even when you get losses. Learn from the mistakes, motivate yourself and try to improve your trading strategies when they don't work.