Added alerts and legend.
2009.06.24 WHY 95% OF TRADERS LOSE PART III
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TheRumpledOne
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Added alerts and legend.
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TRO_MO_BOXES.zip- (8.62 KiB) Downloaded 481 times
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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TheRumpledOne
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TheRumpledOne
- rank: 10000+ posts
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- Joined: Sun May 14, 2006 9:31 pm
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TheRumpledOne
- rank: 10000+ posts
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TheRumpledOne
- rank: 10000+ posts
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1) WHY YOU ENTER A TRADE DOESN'T MATTER. IT HAS NO EFFECT ON THE OUTCOME OF THE TRADE
2) THE OUTCOME OF ANY ONE TRADE IS A RANDOM EVENT
3) THE ONLY THINGS YOU CAN CONTROL ARE WHEN YOU ENTER, ENTRY DIRECTION, HOW MUCH YOU LOSE, AND WHEN YOU QUIT TRADING FOR THE SESSION.
If you keep these constant then you can make randomness work FOR you rather than against you.
DOES ANYONE SEE THIS?
2) THE OUTCOME OF ANY ONE TRADE IS A RANDOM EVENT
3) THE ONLY THINGS YOU CAN CONTROL ARE WHEN YOU ENTER, ENTRY DIRECTION, HOW MUCH YOU LOSE, AND WHEN YOU QUIT TRADING FOR THE SESSION.
If you keep these constant then you can make randomness work FOR you rather than against you.
DOES ANYONE SEE THIS?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
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koolbreeze
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RicG
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A book has already been written on the subject - "Trading In The Zone" by Mark Douglas.koolbreeze wrote:I SEE IT . . I believe it . . . I know how to do it . . .
The problem for me is consistently DOING IT.
Why . . . I still don't know for sure.
I think a good book could be written on the subject.
All the best,
Ric
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)
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koolbreeze
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RicG,
I've read and re-read "Trading In The Zone" and "The Disciplined Trader" by Mark Douglas. Many of the things he talked about are part of what "I SEE and Believe and know how to do".
Yet at times I still break rules and engage in sabotaging behavior while trading.
That is my big question, Why?
Can you tell I've had a tough week trading?
I've read and re-read "Trading In The Zone" and "The Disciplined Trader" by Mark Douglas. Many of the things he talked about are part of what "I SEE and Believe and know how to do".
Yet at times I still break rules and engage in sabotaging behavior while trading.
That is my big question, Why?
Can you tell I've had a tough week trading?
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TheRumpledOne
- rank: 10000+ posts
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QUIT OVER TRADING!!
TRO_MO_BOXES update and TRO_RISK_SL_PS attached.
- Attachments
-
- TRO_MO_BOXES.zip
- (17.8 KiB) Downloaded 527 times
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
-
TheRumpledOne
- rank: 10000+ posts
- Posts: 15764
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3049
- Location: Oregon
- Real name: Avery T. Horton, Jr.
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koolbreeze wrote:RicG,
I've read and re-read "Trading In The Zone" and "The Disciplined Trader" by Mark Douglas. Many of the things he talked about are part of what "I SEE and Believe and know how to do".
Yet at times I still break rules and engage in sabotaging behavior while trading.
That is my big question, Why?
Can you tell I've had a tough week trading?
Why?
1) Lack of discipline
2) Lack of discipline
3) Lack of discipline
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.