2009.06.24 WHY 95% OF TRADERS LOSE PART III

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TheRumpledOne
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Postby TheRumpledOne » Fri Jun 26, 2009 6:08 pm

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Added alerts and legend.
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Fri Jun 26, 2009 6:10 pm

Geez, I am so bad, I didn't ask MightyOne's permission to code this!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Fri Jun 26, 2009 6:24 pm

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How many trades would it have taken you today to make your goal of 4% using the TP, SL and PS provided?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Fri Jun 26, 2009 6:30 pm

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I know some of you are thinking, "WHAT IF I PICKED TO GO SHORT... WOULDN'T I BE LOSING?"

YOU TELL ME!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Fri Jun 26, 2009 6:35 pm

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?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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koolbreeze
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Postby koolbreeze » Fri Jun 26, 2009 6:53 pm

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.

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RicG
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Postby RicG » Fri Jun 26, 2009 7:11 pm

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.
A book has already been written on the subject - "Trading In The Zone" by Mark Douglas.

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.)

koolbreeze
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Postby koolbreeze » Fri Jun 26, 2009 7:50 pm

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?

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TheRumpledOne
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Postby TheRumpledOne » Fri Jun 26, 2009 7:58 pm

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QUIT OVER TRADING!!

TRO_MO_BOXES update and TRO_RISK_SL_PS attached.
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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.

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TheRumpledOne
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Postby TheRumpledOne » Fri Jun 26, 2009 8:00 pm

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 add www.kreslik.com to your ad blocker white list.
Thank you for your support.


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