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  #21 (permalink)
 DoubleUCapital 
Tel-Aviv Israel
 
Experience: Advanced
Platform: NT
Broker: NT
Trading: UB
Posts: 85 since Dec 2019
Thanks Given: 55
Thanks Received: 144


Darvish View Post
Victory in our industry is spelled survival.

We survive by not losing money, screen time, and studying the charts to form our own opinions. And that takes time.

No.
We do not trade with the goal of not losing money
We trade to make money.
If you do not want to lose money - dont trade.
As T. Hougaard said - Best loser wins.

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  #22 (permalink)
 
Darvish's Avatar
 Darvish 
New York
 
Experience: Beginner
Platform: NinjaTrader
Broker: NinjaTrader
Trading: Futures
Frequency: Every few days
Duration: Years
Posts: 128 since Mar 2023
Thanks Given: 111
Thanks Received: 97


DoubleUCapital View Post
No.
We do not trade with the goal of not losing money
We trade to make money.
If you do not want to lose money - dont trade.
As T. Hougaard said - Best loser wins.


Survival is making money and to do that you need to know your strategy, system and environment, that is the basis of survival and thriving

Chaos at one level of magnification is harmony at a higher level of magnification.
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  #23 (permalink)
 Keab 
London UK
Keab
 
Experience: Intermediate
Platform: SierraChart/Prorealtime
Broker: Sierra Chart/prorealtime
Trading: SandP futures
Posts: 514 since Jul 2013
Thanks Given: 124
Thanks Received: 318


Darvish View Post
If you don’t have a clearly defined edge that is profitable, then you’re still learning and even at that developmental stage, discipline and patience are mental controls that are necessary in order to arrive at what may be called a consistent profitable trader.

"The more you trade the more you realize that trading is a mental business. Most of the errors in our business are errors of emotion."

Versus

"The more you trade the more you realize that trading is an edge/set up/technical business. Most of the errors in our business are errors of edge/set ups/technical nature."

You need to have both.
What's the point of having an amazing mental game without the defined trading edge?!

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  #24 (permalink)
 
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 Darvish 
New York
 
Experience: Beginner
Platform: NinjaTrader
Broker: NinjaTrader
Trading: Futures
Frequency: Every few days
Duration: Years
Posts: 128 since Mar 2023
Thanks Given: 111
Thanks Received: 97

You’re right.



Keab View Post
"The more you trade the more you realize that trading is a mental business. Most of the errors in our business are errors of emotion."

Versus

"The more you trade the more you realize that trading is an edge/set up/technical business. Most of the errors in our business are errors of edge/set ups/technical nature."

You need to have both.
What's the point of having an amazing mental game without the defined trading edge?!


Chaos at one level of magnification is harmony at a higher level of magnification.
Started this thread Reply With Quote




Last Updated on May 20, 2024


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