What can this tell me?

c.chugani in responding to a thread asking the question "why is trading so difficult?" wrote:

"I guess its something related to how the human mind prefers a stream of tiny winners and just a few big losers. The more times you are right (however tiny your profit may be) you will feel better with yourself than if you had a string of tiny losses (and one really big winner).

Thus, most are doomed for failure as their brain is predisposed to go for a system which intrinsically, has a negative expectancy.
"

In my opinion this is one of the most profound posts that i have seen on ET. My suggestion would be to think about c.chugani's post in relation to your own trading.

Cheers,
Piezoe


Quote from brucerappaport:

I have been seriously trying to learn for about a year now. I average about 1.5-2 million in buys a month. Today, I have made
15 filled trades which is normal.

I am ahead about 7 thousand but I could easily be under a few thousand.

I am glad I haven't ruined my family's finances and I do know a lot more than when I started , but I wonder where is the most important areas I need to work on. I am not a real detail person. I do better if I am able to spot a repeated pattern or I am early on some news. I don't have the patience I should have. I am 55 so I don't know how much I can really change.

Any useful suggestion please? Please , if you are going to tell me to shoot myself in the head or how dare I post with real traders , just pass.

Thanks very much.

Bruce
 
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