No Plan, No Trade

Dec 11, 2015
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#16
I really couldn't agree more. Just sitting down and opening a trade without a plan in your head leads to disaster. I've witnessed it, I may have done it as a total newbie too. :D Having a plan is essential when you're a trader. That said, for all of one's plans it's also necessary to learn to be adaptable.
 
Apr 3, 2017
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#18

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piphoe

Well-known member
Oct 31, 2015
10,046
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#19
Quit saying 80% of trading success is emotional fortitude, it is not.

You can be the strongest minded MF on Earth, but won't help one bit trading a losing strategy which are MOST STRATEGIES.

Many strong minded MF's are DEAD, because of their obstinacy.

Winning strategies are very few and far between. A losing strategy/method will still lose despite your strong mind in the face of adversity.

Winning methods don't need a strong mind. The weakest minds will win, despite the mind weakness.

Winning methods are objective based strategy, not easy to find, and doesn't give two sh^ts about what kind of mind is exploiting it. :/
 
Apr 3, 2017
3,620
136
73
#20
Quit saying 80% of trading success is emotional fortitude, it is not.


Winning methods don't need a strong mind. The weakest minds will win, despite the mind weakness.

Winning methods are objective based strategy, not easy to find, and doesn't give two sh^ts about what kind of mind is exploiting it. :/
Like this method ,devised by a trading shrink?

http://www.trade2win.com/boards/indices/222250-dow-thread-traders-dow-2.html#post2892960

As regards most t/a based methods and market timing clowns , 80% is still psychology:smart:
 

itspossible

Well-known member
Sep 25, 2014
2,775
555
123
#21
Quit saying 80% of trading success is emotional fortitude, it is not.

You can be the strongest minded MF on Earth, but won't help one bit trading a losing strategy which are MOST STRATEGIES.

Many strong minded MF's are DEAD, because of their obstinacy.

Winning strategies are very few and far between. A losing strategy/method will still lose despite your strong mind in the face of adversity.

Winning methods don't need a strong mind. The weakest minds will win, despite the mind weakness.

Winning methods are objective based strategy, not easy to find, and doesn't give two sh^ts about what kind of mind is exploiting it. :/
 
Apr 3, 2017
3,620
136
73
#24
Quit saying 80% of trading success is emotional fortitude, it is not.

Many strong minded MF's are DEAD, because of their obstinacy.

Winning strategies are very few and far between. A losing strategy/method will still lose despite your strong mind in the face of adversity.

. :/
psychology
 

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piphoe

Well-known member
Oct 31, 2015
10,046
194
123
#25
The markets care about your mindset, ya whatever. Carryon wayworrd fools:rolleyes:

and after every field goal make sure you do one of those pointing to the heavens gestures ..thx big guy ;)
 

darktone

Well-known member
Nov 2, 2003
3,917
999
123
#26
The markets care about your mindset, ya whatever. Carryon wayworrd fools:rolleyes:

and after every field goal make sure you do one of those pointing to the heavens gestures ..thx big guy ;)
You know when you get upset and stuff about how the market is behaving etc. Do you think thats the market doing it to you, or you doing it to you?
 

piphoe

Well-known member
Oct 31, 2015
10,046
194
123
#27
You know when you get upset and stuff about how the market is behaving etc. Do you think thats the market doing it to you, or you doing it to you?

Getting upset doesn't help, nor the drother getting mind forged indignant.

the market does not care. it is what it is.