Vorbis
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The Why? can't help you because the Why? is subjective.
Best Thread Why You Are Failing - and What You Need to Do
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The Why? can't help you because the Why? is subjective.
Vorbis
Well-known member
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Just to clarify this statement.
Of course, if manage to ascertain the real motives behind the order-flow that causes a particular move in the market, this can be a tremendous advantage. Especially if you spot it in advance and act upon the information or correctly calculate the likely result of the activity.
But, in most cases, if you ask ten traders after the fact "what caused that move in the market?", you are likely to get ten different responses.
absolutely agree!
Most Professionals know how to proceed when their systems go south
AND because they trade "other people's" money, they generally do not have
issues relating to emotional control, so they fix the technical issues and
they move forward, executing the "revised" or new system mechanically.
Amateurs on the other hand, trade their own money, and often do not
know (in detail) whether their systems have an edge. They are mostly
speculators in the truest sense of the word. I just call it ignorance and
in this business it is fatal. That (in a nutshell) is why they mostly fail.
In my thread (Beyond Price Action) I outline a simple system that has
an edge. To trade it successfully, you would need to add a few tools
such as 1) understanding of context, 2) a basic understanding of statistics,
and the 3) emotional control necessary to execute with discipline. So
what I am saying (really) is that to make any reasonably good system
work, the trader has to be willing to extend themselves past their
usual comfort zone.
It has been a long while (years in fact) since I posted on a public site
What I discovered (recently) is that most retail traders are unwilling to go
that extra mile.
AND because they trade "other people's" money, they generally do not have
issues relating to emotional control, so they fix the technical issues and
they move forward, executing the "revised" or new system mechanically.
Amateurs on the other hand, trade their own money, and often do not
know (in detail) whether their systems have an edge. They are mostly
speculators in the truest sense of the word. I just call it ignorance and
in this business it is fatal. That (in a nutshell) is why they mostly fail.
In my thread (Beyond Price Action) I outline a simple system that has
an edge. To trade it successfully, you would need to add a few tools
such as 1) understanding of context, 2) a basic understanding of statistics,
and the 3) emotional control necessary to execute with discipline. So
what I am saying (really) is that to make any reasonably good system
work, the trader has to be willing to extend themselves past their
usual comfort zone.
It has been a long while (years in fact) since I posted on a public site
What I discovered (recently) is that most retail traders are unwilling to go
that extra mile.
I will be posting less often now, because I have an obligation
to a client
Interestingly, my commercial clients do not object to public posts
outlining my approach. In meetings they suggest that there is no
concern as to whether I am giving up my edge, because in their view
retail traders (generally) cannot mobilize sufficient capital to impact
their automated (and uncorrelated) systems approach. I have been
talking to several traders whose approach is similar and they seem
to agree. This, in my opinion, suggests that retail traders who wish to
learn this profession do have viable options, if they are willing to
commit time and reasonable resources to the project.
to a client
Interestingly, my commercial clients do not object to public posts
outlining my approach. In meetings they suggest that there is no
concern as to whether I am giving up my edge, because in their view
retail traders (generally) cannot mobilize sufficient capital to impact
their automated (and uncorrelated) systems approach. I have been
talking to several traders whose approach is similar and they seem
to agree. This, in my opinion, suggests that retail traders who wish to
learn this profession do have viable options, if they are willing to
commit time and reasonable resources to the project.
