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Trade wins are from discipline or any luck at all?


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  #1 (permalink)
 emini_Holy_Grail 
Dallas,TX
 
Experience: Intermediate
Platform: NinjaTrader, OpenQuant
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we all agree that we can become a good trader only are based on of our MM, performing consistently, managing entries/exits correctly, be sincere to ourself etc.

Does anyone still think it is out of luck??

I try to think everyday it is never a luck and is like any 9-5 profession where we survive based on our performance, just checking how others feel


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  #3 (permalink)
 
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 Trader.Jon 
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emini_Holy_Grail View Post
we all agree that we can become a good trader only are based on of our MM, performing consistently, managing entries/exits correctly, be sincere to ourself etc.

Does anyone still think it is out of luck??

I try to think everyday it is never a luck and is like any 9-5 profession where we survive based on our performance, just checking how others feel

Probabilities && expectancy && money management && determination == tools
luck == when all the rest dont apply

success = tools + luck


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 darthtrader3.6 
wny
 
Experience: Intermediate
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Trading: YM, equities
Posts: 86 since Jan 2010


Trader.Jon View Post
success = tools + luck

Totally agree. Thinking trading is all skill is as absurd as thinking trading is purely random.
A winning strategy will eventually encounter random losing streaks, just like a losing system can "run hot".


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Last Updated on April 25, 2010


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