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Search: Posts Made By: josh
Forum: Psychology and Money Management December 16th, 2019, 10:53 PM
Replies: 38
Views: 9,057
Posted By josh
For discretionary trading, I think you've hit the...

For discretionary trading, I think you've hit the nail on the head IMO.

My edges are:
* reading shifts in order flow
* understanding day structure and value, and lower risk entries that arise...
Forum: Psychology and Money Management December 16th, 2019, 10:43 PM
Replies: 38
Views: 9,057
Posted By josh
Sorry if I did not phrase this well. I meant that...

Sorry if I did not phrase this well. I meant that in life, there's a pretty strong correlation between doing things well/correctly, and a favorable outcome. Proper execution of an edge can produce...
Forum: Psychology and Money Management December 13th, 2019, 03:43 PM
Replies: 38
Views: 9,057
Posted By josh
Sounds like you need to tweak that strategy then...

Sounds like you need to tweak that strategy then :)

The question is not whether a person can outperform a strategy (of course they can), the question is whether fear-induced actions, which are...
Forum: Psychology and Money Management December 13th, 2019, 03:25 PM
Replies: 38
Views: 9,057
Posted By josh
Mark Douglas talks a lot about changing beliefs...

Mark Douglas talks a lot about changing beliefs at the core so that your actions become a natural expression of who you are. At that point, the runner/athlete/trader/etc is not showing discipline by...
Forum: Psychology and Money Management December 13th, 2019, 03:24 PM
Replies: 38
Views: 9,057
Posted By josh
If an edge does not exist, then you should not be...

If an edge does not exist, then you should not be playing the game. You gamble in Vegas, not because you expect to win, but because you have fun. Trading can be fun, but you should only play if you...
Forum: Psychology and Money Management December 13th, 2019, 03:15 PM
Replies: 38
Views: 9,057
Posted By josh
As I said, I wrote this on the fly and it's...

As I said, I wrote this on the fly and it's merely an example of a strategy. My point is that such edges exist, and they can be that simple. My edge is not the subject of discussion right now so I...
Forum: Psychology and Money Management December 12th, 2019, 06:52 PM
Replies: 38
Views: 9,057
Posted By josh
I could not disagree more. A trade-able edge...

I could not disagree more.

A trade-able edge is obviously a necessary component. I'll make one up on the fly. Not very robust or sophisticated, but here's a candidate. Maybe it produces positive...
Forum: Psychology and Money Management December 12th, 2019, 11:38 AM
Replies: 38
Views: 9,057
Posted By josh
Thanks Bob -- and in particular, not only take...

Thanks Bob -- and in particular, not only take enough trades to allow the edge to work, but not make trading ERRORS on those trades (taking an abnormally large loss by removing a stop or adding size,...
Forum: Psychology and Money Management December 12th, 2019, 08:40 AM
Replies: 38
Views: 9,057
Posted By josh
Watch every one of Mark Douglas' videos you can...

Watch every one of Mark Douglas' videos you can find. He has a common message in every workshop he's done; there's nothing fancy there, just mind-blowing, simplistically, powerful stuff. You can...
Forum: Psychology and Money Management December 12th, 2019, 08:20 AM
Replies: 38
Views: 9,057
Posted By josh
The "right" decision, as the context of the...

The "right" decision, as the context of the remainder of his statement makes clear, is: the decision which will produce the best outcome, as if you knew the future in advance. In the context of...
Forum: Psychology and Money Management December 11th, 2019, 10:20 PM
Replies: 38
Views: 9,057
Posted By josh
Curious if anybody fundamentally disagrees with...

Curious if anybody fundamentally disagrees with the statement at 4:35 as a fundamental reason for failure among traders:

"Most people, when they are about to make a decision, want to make the...
Forum: Psychology and Money Management December 10th, 2019, 07:43 PM
Replies: 38
Views: 9,057
Posted By josh
Why most traders fail, in 1 minute of an interview

Starts at 4:15. It's not directly about trading, though it's in the context of fund managers and trading.

In my view of the world, it really is this simple.
...
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