The final Holy Grail!

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Black Swan

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and what was the system you thought i'm using it.
Oh don't concern yourself with that, btw I agree with your direction on the trade just thought you'd taken it early vis a vis your techinque. Just a little too early for me to swing, although I'm having a day off trading today....well...I'm supposed to be taking a day off...need to take the kids out somewhere soon..:)
 

rathcoole_exile

Veteren member
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I would just suggest that, even if the poster's 100% record turns out to be bona fide (which is hard to believe unless he never closes his losers but carries them the rest of his life), if any budding trader reading this thinks that the best way to trade is to find a way to avoid taking losses, you're just not ready to trade at all.

Losses aren't mistakes, they aren't 'bad' investments, they're not disasters - they're just overheads like your power and phone line and your computer. They are part of a trading year and should be covered in your trading plan. Failing to manage losses IS a disaster of course, as are (at the risk of sounding arrogant) refusal to accurately recognise your environment and to learn from it.
something i read somewhere years ago that has stuck with me - one trading room actually gets it's trainees to jump up and celebrate losses or failed trades as part of their training, so that they begin to fully understand and accept that losses are a natural part of this business and each loss actually brings you closer to the next Winner !!
 

medbs

Active member
248 4
I agree with both of you, but the point of this thread is to show everybody here that the non loosing strategy does exist, at least so far, and that such system can be found with deep research.
 
B

Black Swan

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something i read somewhere years ago that has stuck with me - one trading room actually gets it's trainees to jump up and celebrate losses or failed trades as part of their training, so that they begin to fully understand and accept that losses are a natural part of this business and each loss actually brings you closer to the next Winner !!
Mark Dougals mentions this several time in his books, I also like Van Tharp's view that you are simply paying for market information...IMO inevitable losses (if you've stuck to your rules) do not *hurt*, whilst not embracing them they are, as Tom said up thread, as much a part of the overhead of your business as power, depreciation on capital equipment etc...
 

Mr. Charts

Legendary member
7,364 1,181
Mohamed, your full name and a number (acct. number?) is on that screenshot.
Not a good idea on an open bulletin board.
Richard
 

medbs

Active member
248 4
mohamed, your full name and a number (acct. Number?) is on that screenshot.
Not a good idea on an open bulletin board.
Richard
why m. Richard?
 

Mr. Charts

Legendary member
7,364 1,181
why m. Richard?
Knowing your name and account number is useful to hackers, identity thieves, stalkers, people who will email/message you for what they call "lulz", the envious, the rude and aggressive, all sorts of weirdoes. Believe me, there are a few on t2w.
Just trying to be helpful.
Richard
 

medbs

Active member
248 4
knowing your name and account number is useful to hackers, identity thieves, stalkers, people who will email/message you for what they call "lulz", the envious, the rude and aggressive, all sorts of weirdoes. Believe me, there are a few on t2w.
Just trying to be helpful.
Richard
ok, Thanks bro
 
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