Why do so few succeed?

Chicken Curry · Mar 17, 2006, 5:43am

Quote:

Among my trading screens I have one dedicated to amusement which I use to surf the net when there is nothing of interest going on.

This would be your exclusive T2W screen would it Soc ?

SOCRATES · Mar 17, 2006, 5:45am

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Originally Posted by Chicken Curry

This would be your exclusive T2W screen would it Soc ?

It is not exclusive to T2W, no.

pboi · Mar 17, 2006, 6:04am

thaks for your reply Soc. interesting you pay no heed to world activities.

SOCRATES · Mar 17, 2006, 6:33am

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Originally Posted by pboi

thaks for your reply Soc. interesting you pay no heed to world activities.

Not necessary. The world does what it does and the markets do what they like.

pboi · Mar 17, 2006, 6:37am

well we have someting in common - though mine through laziness/ignorance, yours through choice !

arent there some RL affairs, like interest rate change day, that are very certain to affect the markets?

new_trader · Mar 17, 2006, 7:36am

Quote:

Originally Posted by SOCRATES

Don't worry, you will eventually succeed, but only if you approach all of this in the correct way.

My methods are exclusively discretionary.

I can't quite grasp how anyone can claim to be a discretionary trader. Surely the decisions to trade are based on experience and knowledge? You can choose whether you bet on the outcome of a coin flip, but you know the odds of winning are 50%. How is this different to a ‘Mechanical’ trader?

Trader333 · Mar 17, 2006, 7:42am

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I can't quite grasp how anyone can claim to be a discretionary trader.

The circumstances surrounding each trade are never exactly the same and for that reason alone trading by discretion will always be more beneficial for those who are able to trade in this manner.

Paul

SOCRATES · Mar 17, 2006, 7:43am

Quote:

Originally Posted by pboi

well we have someting in common - though mine through laziness/ignorance, yours through choice !

arent there some RL affairs, like interest rate change day, that are very certain to affect the markets?

Yes, that is true, there are affairs that are very certain to affect the market, but the outcomes are not always in line with those which are rationally expected.

Mar 17, 2006, 6:04am	#467
pboi Member Member Since Jan 2006 93 Posts	Re: Why do so few succeed? thaks for your reply Soc. interesting you pay no heed to world activities. __________________ Luck is where preparation meets opportunity. pboi - newling trader, onine gamer, IT geek. Currently playing WoW

Mar 17, 2006, 6:37am	#469
pboi Member Member Since Jan 2006 93 Posts	Re: Why do so few succeed? well we have someting in common - though mine through laziness/ignorance, yours through choice ! arent there some RL affairs, like interest rate change day, that are very certain to affect the markets? __________________ Luck is where preparation meets opportunity. pboi - newling trader, onine gamer, IT geek. Currently playing WoW

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