Trading and lung cancer.
Five year survival rate of lung cancer patients trumped traders.
What's the emotional price of trading current markets?
- Thread starter Trade Prophet
- Start date
Five year survival rate of lung cancer patients trumped traders.
High win rate has no such advantage because it almost always comes with lower profit per win.
Some traders may prefer that, but it is not an "advantage" per se.
That is why I've decided that semi-automated trading is the answer for me. I still have to decide whether to take the trade, but my setups are already defined and identified. Then I only have to worry about trade management, which is challenge enough for me. Otherwise there was too much to think about, it was too overwhelming, and one error would often wipe out a whole day of profits.
I stopped other than a few late night trades where the market was quiter.
Then I loved the strong, but not too strong could jump in make $300 easy as.
More normal here, slightly lower risk amount but much less reward side most trades.
Market always drives you nuts, 5 trades hit SL costing me $430 today right before reversing and going to a total of +$600 approx so I'd be $1000 better off, sucky market.
Always drives you nuts, get rich from trading ASAP and retire totally is my advice.
Then I loved the strong, but not too strong could jump in make $300 easy as.
More normal here, slightly lower risk amount but much less reward side most trades.
Market always drives you nuts, 5 trades hit SL costing me $430 today right before reversing and going to a total of +$600 approx so I'd be $1000 better off, sucky market.
Always drives you nuts, get rich from trading ASAP and retire totally is my advice.
It is when you use compounded money management.
Yea ok whatever.
I agree, but I don't think most retail traders know their win rate, they probably *think* they know, but actually following their trade log to find out what is it exactly is probably too much for them.
Cruel... Difference is you fight to be cured from lung cancer while trading lasts.. If you manage to get the hang of it, but I like the analogyTrading and lung cancer.
Five year survival rate of lung cancer patients trumped traders.
My trading is fully automated because if the reasons you mentioned and for the reason in my first post, I have a tenancy to procrastinate, now when all my trading, A-Z, is done automatically my performance had improved because I'm no longer there to delay the entry, exit decision, the computer is doing all the decisions and I'm there biting my nails but out of the way
I have tried that, but it seems that automated systems will occasionally take bad trades, like selling near the bottom of a trading range. Maybe the successful trades will make up for these losses, but I think I can get fewer draw downs by manually selecting the trades, or at least turning off the system at the improper times.