Mark Douglas Interview

[Project.Sagana]

Mark Douglas - MIND OVER MARKET (Full length Interview) - YouTube

I just finished watching this, and it definitely gave me a new perspective on trading and my state of mind.

I'm reading his book "Trading In The Zone" and it's good so far. I just want to share this video

 

[Triggerfish]

Interesting video.....but "HOW" can one have "consistency" when one does not know the outcome?.....interesting.

Is that not the same as flipping a coin and expecting it to be right.....as you don't know what the outcome is going to be anyway so every trade is 50/50.....but the REAL question here is if a method/system can be right say 3 out of 10 and still be profitable then surely, logic is the lower this becomes, the less chance of success.....BUT the bigger question is "long term success" is only dependent on consistency.....is that really possible?.....Can a coin flip become an ATM machine?

What do you guys think?

 

[the hare]

Can a coin flip become an ATM machine?

That's the equivalent of asking can painting a wall become a teapot

This place gets worse day by day

 

[Shakone]

That's the equivalent of asking can painting a wall become a teapot

This place gets worse day by day

What is it with you and teapots lately? Chocolate teapots, wall becoming a teapot?

The place doesn't get worse day by day. It fluctuates up and down. Not nearly as consistent as you'd like to think.

 

[the hare]

What is it with you and teapots lately? Chocolate teapots, wall becoming a teapot?.

Its probably indicative of the complete lack of effort I put into posts. On both occasions that i posted I was drinking tea from a tea pot, and it was the first thing I saw.

 

[the hare]

More accurately I was drinking tea from a cup, which was filled from a tea pot !

 

[cablemonster]

Interesting video.....but "HOW" can one have "consistency" when one does not know the outcome?.....interesting.

Do casinos make consistent profits without knowing the outcome of each individual spin of the roulette wheel? :idea:

 

[cablemonster]

Its probably indicative of the complete lack of effort I put into posts.

oh i dont know when it comes to foroom bashing you definitely put the yards in.

 

[Triggerfish]

Do casinos make consistent profits without knowing the outcome of each individual spin of the roulette wheel? :idea:

excellent point.....BUT that is not a "direct" comparison as a trader-market relationship.....is it?

If it is, then everyone will be successful.....like the casinos....no?

 

[Shakone]

excellent point.....BUT that is not a "direct" comparison as a trader-market relationship.....is it?

If it is, then everyone will be successful.....like the casinos....no?

Why? If a casino allows card counters to come in and play as long as they want, then those casinos won't be successful, just like many traders.

Only casinos that don't allow this and don't allow excessive risk and ensure they have an edge will prosper, surely.

 

[Triggerfish]

Why? If a casino allows card counters to come in and play as long as they want, then those casinos won't be successful, just like many traders.

Only casinos that don't allow this and don't allow excessive risk and ensure they have an edge will prosper, surely.

Good point but not the point am making, however, your point is very relevant in the finer details.

so if we were to flip this:
we become card counters V casinos.....is this an acceptable comparison?

Card counters are smarter ones, they know the weakness of the system.....now.....can the same be found in the markets?.....is this not the REAL QUESTION here?

The only thing is we are not counting cards in the markets.....so what are we going to count instead?

 

[cablemonster]

excellent point.....BUT that is not a "direct" comparison as a trader-market relationship.....is it?

If it is, then everyone will be successful.....like the casinos....no?

no it's not a direct comparison. thinking may be required.

 

[Triggerfish]

no it's not a direct comparison. thinking may be required.

Hence my original question.....which is still not understood!

 

[ffsear]

Card counters are smarter ones, they know the weakness of the system.....now.....can the same be found in the markets?.....is this not the REAL QUESTION here?

As in is there a direct mathematical edge that a card counter has? Not really, but having an edge in a situation can come in different forms.

 

[Lee Shepherd]

Hence my original question.....which is still not understood!

@Triggerfish,

You always ask questions that will be of no benefit to you, or at least should not be anyway (or to anyone else). Obviously the questions you ask promote many different answers and that helps T2W but I cant see the relation of what you ask to help you in making money from the markets. Do nearly all your posts end with a question???? I'll let you decide.

Thats my interpretation of the posts that I've seen you write.

So....... Do you want to trade, I see you have been on this site for many years so your interest must have peeked by now. If it has then what in particular did you want to know, what do you want to trade in and what kind of risk/reward are you looking for etc etc.

Don't see this as a dig (its not) but if you are not from T2W to inspire posts to be written then ask something pertinent to your trading or trading prospects as appose to questions that will not help man nor beast make money from the markets. If you are a T2W bot then obviously continue but if you are a genuine human wishing to make a little from the markets then many on here will help you.

I've fully understood the analogy's that have been put on here and personally thought them very good.

I await you next post so I can help if possible with something specific and genuine.

PS: Not sure how this post will come across but is in no way intended to offend. My reasoning is that the length of time you have been here and the questions that you ask are somewhat very vague and almost like you've not read any of the other posts on here or anywhere else to that effect. But, like I said, no offence is meant and sometimes posts can be taken out of context and on many occasions misread by many.

Lee