Training w/ Whisky!

[Hotch]

I was pondering as to whether it would be possible to train my subconscious to trade better.

Say, at the end of the day, for every R made, I'll have a nice whiskey, and for every R lost I'll drink a bud or some crap.

Thoughts?

 

[arabianights]

WTF is an R?

Anyway I doubt it'll make much difference. Assume your subconcious is already feeling pain and pleasure when you close the trades.

Maybe give it more pleasure on a succesful trade, because I believe a loss is felt roughly twice as badly as a profit...

 

[wackypete2]

for every R made, I'll have a nice whiskey,

Thoughts?

might promote some serious over leveraging all in the name of a few extra whisky shots!!

hmmm... I like it

Peter

 

[trendie]

the problem here is that whether you win or lose, you end up with a hangover, albiet of a different quality.

if you win, you get a wonderful smug glow from your trading ability.
if you lose, you blot your mind out in an alcoholic haze.

if you lose, you need to drink a pint of Ribena or something to offset the winning whisky.

 

[Paulie_5]

How about : You persuade the other half to give you a bit on a winning day.

You're in the guest room on a losing day.

No downside to a winning day unless she looks Ann Widdecombe ...

 

[Hotch]

Time to go long GSK?

 

[wackypete2]

How about : You persuade the other half to give you a bit on a winning day.

You're in the guest room on a losing day.

No downside to a winning day unless she looks Ann Widdecombe ...

So after a winning day you go long on your wife?

Peter

 

[China Diapers]

WTF is an R?

R = Risk, e.g. my trade made 5 x R.

Think that's the first time I've answered a question on this forum, I must be learning.

 

[DionysusToast]

It won't work.

Me and the missus used to shoot pool for shots. The loser had to knock back a Tequila.

Things would be fairly level but invariably one of us would have a short losing run after which you'd be toast as you'd now have a handicap in the form of alcohol impairment.

The worst I had was a 15 game losing streak. I would not want to do this trading...

 

[HowardCohodas]

I was pondering as to whether it would be possible to train my subconscious to trade better.

Say, at the end of the day, for every R made, I'll have a nice whiskey, and for every R lost I'll drink a bud or some crap.

Thoughts?

Rewarding yourself for process (discipline) as well as result is good reinforcement. Single malt Scotch Whiskey with a splash is my reward. Nothing at all is my punishment. My opinion of American beer is that I am better off eliminating the middle man and pouring it straight down the toilet.

 

[Hotch]

Rewarding yourself for process (discipline) as well as result is good reinforcement. Single malt Scotch Whiskey with a splash is my reward. Nothing at all is my punishment. My opinion of American beer is that I am better off eliminating the middle man and pouring straight it down the toilet.

There is no such thing as "Scotch Whiskey". Clearly you know as much about drinking as you do about trading.

 

[trendie]

:idea:

Hotch, how about allowing yourself to buy a bottle of whisky for every £xK you make?
(taking into account high-water marks on your capital)

Thats way you reward yourself for positive returns, and deny yourself a reward for poor performance.

 

[HowardCohodas]

There is no such thing as "Scotch Whiskey". Clearly you know as much about drinking as you do about trading.

Things that make me go hmmm.

The bottle of Lagavulin Single Islay Malt Whisky that I'm holding calls itself Scotch Whisky. How do you account for that?

Or are you trying to exaggerate a point because of my spell checker? How do you account for that?

 

[glyder]

Things that make me go hmmm.

The bottle of Lagavulin Single Islay Malt Whisky that I'm holding calls itself Scotch Whisky. How do you account for that?

Or are you trying to exaggerate a point because of my spell checker? How do you account for that?

Howard I guess he's referring to the distinction between Scotch Whisky and Irish Whiskey.

 

[HowardCohodas]

Howard I guess he's referring to the distinction between Scotch Whisky and Irish Whiskey.

Thanks. I wasn't aware of that. One of the problems with being a heathen yank.

 

[wackypete2]

Howard...high 5 on the American beer!!

Peter