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
"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