Nothing works consistently

This is a discussion on Nothing works consistently within the General Trading Chat forums, part of the Reception category; Taleb's book for me was more like having coffee with this guy and he goes on and on about his ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Jul 28, 2008, 3:55am   #46
 
littlemog's Avatar
Joined Jul 2008
Taleb's book for me was more like having coffee with this guy and he goes on and on about his ideas. It was interesting nevertheless... at least it confirms a couple of valid thoughts that should be passed around:

1. Pyschology continues to play a major part of trading because ultimately, even the author and his quoted great dead couldn't escape the fact that we're all irrational for the most part.

2. Having a system in place and being disciplined pays off in the long run (as Nero was compared to John and the rest), since in the long run we revert to the mean. (the thing is we survive so we're in the long run *lol)

3. Black swans - stop loss... enough said.
littlemog is offline   Reply With Quote
Old Oct 24, 2008, 3:20pm   #47
 
jiggly's Avatar
Joined Mar 2005
you work consistently, albeit, consistently losing money.

along with the 95% notion that consistently lose money in the markets.....

so you can continue to think that or you can identify what emotions consistently sabotage you in your trading and harness them......
jiggly is offline Other (Please email T2W with details)   Reply With Quote
Old Oct 24, 2008, 3:40pm   #48
Joined Oct 2008
Breakout trading works good but only in certain markets. If you're looking for breakouts in a trend up day kind of market, making money should be quite easy. But if your trying to use those same setups during a sideway/down market, they'd probably not work out to good. If you like breakout trading, only trade in trend up days.
CRK_UK is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Anyone making money consistently and never blocked out by bookmakers? ladbrokes Fixed Odds 18 Oct 20, 2011 3:47am
How many traders win consistently comino Home Trader 66 Feb 28, 2009 2:31pm
Please show me a sub H1 forex strategy that'll consistently make me 100+ pips a week JTrader Forex 45 May 24, 2008 7:56pm
Proof of consistently profitable day trading in the Foreign Exchange market!! TrenchantFX Forex 42 Jan 15, 2008 11:11am
Which markets trend more often/consistently hellokimchi First Steps 19 Aug 11, 2007 2:12pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)