Professionals vs Amateurs

This is a discussion on Professionals vs Amateurs within the Psychology, Risk & Money Management forums, part of the Methods category; Originally Posted by Quantt From my experience, I am much more likely to make mistakes than my automated system, I ...

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Old Oct 18, 2017, 10:29am   #25
 
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Originally Posted by Quantt View Post
From my experience, I am much more likely to make mistakes than my automated system, I can be hung over, oversleep, emergency at work, sick, on vacation, etc

The system will plug along nicely, you just need to monitor the servers and have a contingency in place...
Everyone’s dream that, Quantt. Just go about enjoying yourself while money pours into your account. I doubt it’s quite like that in reality, though
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Old Oct 18, 2017, 12:24pm   #26
 
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Everyone’s dream that, Quantt. Just go about enjoying yourself while money pours into your account. I doubt it’s quite like that in reality, though
Yes Sir, I wish I had an ATM in the corner of my office chugging benjamins all day long, but in real life, I have losing days, weeks, months and years - it is all automated though :-)
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"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

My number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Feb 13, 2018, 10:12pm   #27
 
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Thank you for sharing information.
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Old Feb 14, 2018, 6:04am   #28
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Difference in thinking, but words "Professionals focus on limiting risk and protecting their capital. Amateurs focus on how much money they can make. Professionals always take money from amateurs." are very handy)
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