Difference between amateurs and professionals

This is a discussion on Difference between amateurs and professionals within the First Steps forums, part of the Reception category; Originally Posted by darktone When it rains it pours A counselor told me he could not learn psychology by courses ...

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Old Jul 23, 2017, 6:07am   #46
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When it rains it pours
A counselor told me he could not learn psychology by courses , university lectures and books .He learnt it by practicing psychology counselling.That tells you that it has to be experienced .

Those who have never traded are now offering expert guidance on trading psychology.

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Old Jul 23, 2017, 6:13am   #47
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Well, I do have a robot trader. But I don't use it often because the market would take advantage of it. Even though it hasn't lost any money, it's just too dumb for the market and often leave me some lose ends to sort out.

Trade should be executed when there is economic value. Economic value is not determined by psychology. Just like Jim Rogers said when the money is laying there in the corner, you go and pick it up. Psychology doesn't play a role.
take a look of your early trading behavior and compare it with this image.
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Old Jul 23, 2017, 6:35am   #48
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take a look of your early trading behavior and compare it with this image.
That describes your "trading" if you in fact do any. I have told you before, if you have a mind for business trading will be very easy to understand. Otherwise, there is no hope.

But do you really "trade" or are you just a bank stooge to spread their misinformation ? The market is extremely simple once the layer of misinformation is removed. I know how their game works. So doing your routine, if that is what you are doing, has no effect on me and waste of energy.
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Old Jul 23, 2017, 7:05am   #49
 
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difference between Amateur and Professional traders

A professional trader is more guided by his intellect and intelligent study of the market conditions, while the amateur is more likely to influenced by his emotions and is an easy prey to fear and greed. Amateurs can sometimes succeed in making money in the short term but true wealth creation is definitely in the realm of professional traders only.
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Old Jul 23, 2017, 7:22am   #50
 
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You and foroom lluzers are twins ?
Thats funny, I was thinking the same about you
So get did you ever get of that natgas position? Or did you bait them all the way up to 3.7?
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Me and you, we is largely the same bruv! We dont know shît! The difference is, I know I dont know shît!!
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Old Jul 23, 2017, 7:23am   #51
 
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Originally Posted by foroom lluzers View Post
A counselor told me he could not learn psychology by courses , university lectures and books .He learnt it by practicing psychology counselling.That telly you that it has to be experienced .

Those who have never traded are now offering expert guidance on trading psychology.
Youve never traded?
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Old Jul 23, 2017, 7:47am   #52
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Thats funny, I was thinking the same about you
So get did you ever get of that natgas position? Or did you bait them all the way up to 3.7?
Sure, I bait the crap out of them all the way to the top. Made tons on the daily yield and made a big killing on the trade when the price collapsed. I still have a remnant of the original positions. These are used for more baiting. But it's not so interesting now because it's no longer the top yielder. Wheat is my new baby. Regardless, gas still pays me every day.

I am rather disappointed t2w has been turned into a double act between you and your twin bro. How the place has fallen since the days when there was genuine lulz. I'd say someone has fud'up.
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Old Jul 23, 2017, 7:55am   #53
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But do you really "trade" or are you just a bank stooge to spread their misinformation ? The market is extremely simple once the layer of misinformation is removed. I know how their game works. So doing your routine, if that is what you are doing, has no effect on me and waste of energy.
Are you pumping and dumping for the bucket shops?

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Exotic options are old news. Power options give you extra power compared to exotic options. These let you power up on your profits. So if you were only making 100% a day before, now you can make 1000% or 10000% a day, perfect for internet traders.
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Old Jul 23, 2017, 8:08am   #54
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Youve never traded?
I only notice heart pumping faster , tiredness and exhaustion when real money is on the line .That can't be true of you and your team.
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Old Jul 23, 2017, 8:10am   #55
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Are you pumping and dumping for the bucket shops?
I would never dump the bucketshops. Where would I go after ?

As for pumping, that was for lulz. Funny you don't get it. You have no lulz. So why is it in your nick ?
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Old Jul 23, 2017, 8:17am   #56
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I would never dump the bucketshops. Where would I go after ?

As for pumping, that was for lulz. Funny you don't get it. You have no lulz. So why is it in your nick ?
I thought lulz had died here .
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Old Jul 23, 2017, 8:24am   #57
 
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Sure, I bait the crap out of them all the way to the top. Made tons on the daily yield and made a big killing on the trade when the price collapsed. I still have a remnant of the original positions. These are used for more baiting. But it's not so interesting now because it's no longer the top yielder. Wheat is my new baby. Regardless, gas still pays me every day.

I am rather disappointed t2w has been turned into a double act between you and your twin bro. How the place has fallen since the days when there was genuine lulz. I'd say someone has fud'up.
I agree joe, but we can only play the hand were dealt right. We did have some lulz going over your high% relative to margin put up but incredibly low% returns next to account exponentially risked plays tho didnt we

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Old Jul 23, 2017, 8:27am   #58
 
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I only notice heart pumping faster , tiredness and exhaustion when real money is on the line .That can't be true of you and your team.
Youre right, I dont. Sounds like you need to do some more work realigning those stale old beliefs you have towards the market and money eh.
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Old Jul 23, 2017, 8:32am   #59
 
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Anyway chaps, thanks for the mornings giggles, but am off to do something less boring with my sunday, so ill leave you two bellends to it. Apologies if you two are actually one, but the old multinic radar aint what it used to be.
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Old Jul 23, 2017, 12:47pm   #60
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I agree joe, but we can only play the hand were dealt right. We did have some lulz going over your high% relative to margin put up but incredibly low% returns next to account exponentially risked plays tho didnt we

Click the image to open in full size.
You miscalculated. The returns were great and the win was great. I thought you got it at the time and got my secret sauce. But I guess you were just probing. Since I didn't respond, you missed the sauce completely.

The yield return alone was sufficient to eventually sustain the trade.

I can't remember what the yield against the account was. But currently I get 2% actual account growth per week. The yield on gas was 3x the yield on wheat that I currently use as the main growth driver. So the gas return was very high. You claim to be good at math. I guess not.
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