Rande Howell
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Aha ! You have realised Tony turns the key clockwise until it's very taut.
It's his key that's he turning to taut, not mine. Trading has a way of fleshing that out
Rande Howell
Aha ! You have realised Tony turns the key clockwise until it's very taut.
Five. Stop touching yourself. You'll go blind.
I suspect that Rande's mind over matter stuff has its usefulness for a certain type of trader. Personally, I'm of the school that says when the charts and figures look right then take/dump the trade. Horses for courses I suppose.
Not much of a mind over matter person. It is the mindset that intersects possibility that interest me. The same uncertainty will be seen by all traders. Some have a methodology that allows them to have a edge applied over time. Some have the methodology training, but when they see the set ups they find reasons not to act -- they hesitate. Others see the same set ups and have built an attitude that allows them to trade based on meeting criterion of trading plan -- impartiality. The mindset that embraces the uncertainty determines probability of outcome. Or as Schroinger's equation observes, "The act of observing an experiment, does in fact, change the course of the experiment."
Rande Howell
Maybe all that touching stuff is why traders stay blind to the possibility that is right in front of their face.
Rande Howell
Interesting answer - apologies if I carelessly categorised your post as "mind over matter". But I do seriously think that your observations and practices are probably more useful to some than others.
I wonder if the "same uncertainty" is seen by all traders? Obviously everybody sees more or less the same data and info, but what do they perceive? (Sherlock's point?). If this were not the case surely there wouldn't be buyers & sellers for the same instrument?
I thoroughly agree your point on impartiality - and believe this to be a major part of successful trading.
Actually...most traders fail because they don't know how to trade.
how to single-handedly close a thread....
Actually, I believe that most traders fail because they don't know how to trade.
The psych stuff is OK once people have a clue what they are doing. Given that most have no idea - wouldn't giving them more confidence to hit the button when they see a 'setup' just cause them to lose more quickly?