Trading is a game!

[SSINGH]

I think that if you treat this game as if its Pac man....you'll do well....

I think trading should be energetic....get in and out of atleast 20 times a day....hoover those pips up like pac man!

You gotta think like a shark....keep on moving...ducking and diving....

If a trade goes bad...get out...don't think about the money....think about filling your belly with pips...you should be so busy buying and selling...you should have little time to think about money.

 

[N Rothschild]

its not a game when you go broke

 

[SSINGH]

its not a game when you go broke

only the emotional, lazy and the slow go broke....

If theres money on the table....grab it with both hands.

 

[jiggly]

I think trading should be energetic....get in and out of atleast 20 times a day....hoover those pips up like pac man!

You gotta think like a shark....keep on moving...ducking and diving....

If a trade goes bad...get out...don't think about the money....think about filling your belly with pips...you should be so busy buying and selling...you should have little time to think about money.

i know what you are trying to say, but in most cases, profitability and consistency decreases as you decrease your time scale.

its best to find what style suits you, getting in and out 20 times a day may be to your liking, but personally, I would like to be a whale and not a shark, take my time, open my mouth and fill it with thousands and thousands of krill(pips) in one go.

a few pips here and there, I would rather not fight over the scraps and leave them to you busy fools.

 

[zupcon]

I was always crap at Pac Man even though I knew the secret cheats to make the little buggers turn blue.

 

[Technically Fundamental]

I think that if you treat this game as if its Pac man....you'll do well....

I think trading should be energetic....get in and out of atleast 20 times a day....hoover those pips up like pac man!

You gotta think like a shark....keep on moving...ducking and diving....

If a trade goes bad...get out...don't think about the money....think about filling your belly with pips...you should be so busy buying and selling...you should have little time to think about money.

Load of crap mate

pains me to say that because I like you.

 

[SSINGH]

i know what you are trying to say, but in most cases, profitability and consistency decreases as you decrease your time scale.

its best to find what style suits you, getting in and out 20 times a day may be to your liking, but personally, I would like to be a whale and not a shark, take my time, open my mouth and fill it with thousands and thousands of krill(pips) in one go.

a few pips here and there, I would rather not fight over the scraps and leave them to you busy fools.

A whale is an easy target....a shark can goble up and run with the pips.

 

[Technically Fundamental]

if you keep thinking like this you'll be crossing paths with the japanese fishermen (pro's)

 

[SSINGH]

Load of crap mate

pains me to say that because I like you.

I'm glad it pains you....but its not crap when its one of my successful styles of trading.....

This Shark style nets me progress every single day....it keeps me busy and active all day long.....I hate watching...as watching is very boring and tedious, demoralising as you watch and watch lost opportunites pass....watching what could have been is really bad for the soul.

 

[Technically Fundamental]

chasing trades is how i blew my account.

maybe thats just me but I'd say be careful mate

 

[SSINGH]

chasing trades is how i blew my account.

maybe thats just me but I'd say be careful mate

I appreciate your concern....

But im not chasing any market.....

I'll trade frequently....but not just one market....I'll have 5-6 charts open...which ever instrument shows me an opp....i'll go for the kill.

 

[porph]

It is one way to make money but then there are almost infinite ways. It seems people on here are constantly trying to pin down the way to make money. I've found over the past couple of years that I've had to change almost every aspect of my trading to firstly become profitable and then to stay profitable.

I've made upwards of 50 trades in a day some days and less than 3 in a week some weeks.

@Aaron - your assertions are complete tosh. Plenty of guys got rich buying one minute, selling the next.

 

[SSINGH]

so come on guys....who's a shark and who's a whale????

I used to be a whale myself.....but now I'm a shark

 

[Chorlton]

I think that if you treat this game as if its Pac man....you'll do well....

I think trading should be energetic....get in and out of atleast 20 times a day....hoover those pips up like pac man!

You gotta think like a shark....keep on moving...ducking and diving....

If a trade goes bad...get out...don't think about the money....think about filling your belly with pips...you should be so busy buying and selling...you should have little time to think about money.

I'm not sure whether this is your honest view (or just a wind-up) but if so, I suggest that you find the address of your nearest Casino and spend the time in there if you want something exciting and energetic. "Spin that ball", "throw those dies", "push those buttons"...

IMO Consistant & profitable trading should be almost boring when you are executing your trading plan.

... you should have little time to think about money.

Maybe.... BUT you should spend plenty of time thinking about RISK !!

 

[GCC]

so come on guys....who's a shark and who's a whale????

I used to be a whale myself.....but now I'm a shark

Very interesting. How long has it been since you transformed into a shark?

But mind you, the Asians love shark fins, so be careful.

 

[SSINGH]

I'm not sure whether this is your honest view (or just a wind-up) but if so, I suggest that you find the address of your nearest Casino and spend the time in there if you want something exciting and energetic. "Spin that ball", "throw those dies", "push those buttons"...

IMO Consistant & profitable trading should be almost boring when you are executing your trading plan.



Maybe.... BUT you should spend plenty of time thinking about RISK !!

what makes you think thyat I don't have a trading plan???...What makes you think that a trading plan is not being executed?....what makes you think that I'm gambling???

 

[tar]

Forget about trading 20 or 30 times a day , it is a zero sum game at the best . Look for opportunities everywhere : stocks , options , momentum price moves , news ... etc . And forget about trading 1 or 2 markets only ..

 

[SSINGH]

Very interesting. How long has it been since you transformed into a shark?

But mind you, the Asians love shark fins, so be careful.

i don't know buddy....it just dawned on me when I looked in the mirror....

I used to be a fat whale...sitting around one or two trades a day...leveraging up cos these would be the only 1-2 opportunities to be seen every day.

Its amazing how much more money with reduced risk can be made...especially when one is agile.....like a shark!...lol

 

[Shakone]

Forget about trading 20 or 30 times a day , it is a zero sum game at the best

Why do people say things like this? You can't know for sure that it is a zero sum game (or worse), and there is evidence of traders who make substantial money trading more times than that? Why does 'day' come into it in the first place? It either is a good opportunity to trade (probability and risk-reward in your favour), or it isn't. Whether that happens only once in a day, or 50 times a day, what is the difference? Suddenly the clock passes midnight, and now it is ok to take a new trade? What kind of sense is that? Take a trade when your plan tells you to.

SSINGH said he makes money doing it. Who knows, maybe he won't in the long run, but why tell him to forget about something that is making him money?

 

[Hotch]

i don't know buddy....it just dawned on me when I looked in the mirror....

I used to be a fat whale...sitting around one or two trades a day...leveraging up cos these would be the only 1-2 opportunities to be seen every day.

Its amazing how much more money with reduced risk can be made...especially when one is agile.....like a shark!...lol

Just because you can't trade at a slower pace doesn't mean it's worse. Personally, I'd prefer to trade slower, can make just as much and a lot less work.