My three trading rules

[Gringotts Bank]

TH, you're one of those guys who's successful and yet doesn't know why. If you taught your method to 100 guys, not one of them could replicate it, proving that it's not about method or technique.

Golf is about physical skill and mind set. It takes no skill to read a chart, just good intuition and a positive mind set. It's like watching the weather and calling "looks like it's going to rain soon". Some have good intuition, most don't.

 

[mazzatelli]

If trading had anything at all to do with method or technique, don't you think the big funds would be raking it in? They'd just employ some super-nerd Ivy League technician, leverage up to the eyeballs and away you go.

Agreed.
All you need is a big penis. That must be how all the derivative prop desks make money.

 

[Trembling Hand]

TH, you're one of those guys who's successful and yet doesn't know why.

lol. One of us "doesn't know why."

Your logic is so flawed I can hardly be bothered but...... tell me where this great mindset comes from? With some substance not assumption that you can just state a 2 line sentance of myth and BS as fact.

 

[Julia]

TH, you're one of those guys who's successful and yet doesn't know why.

Hah, there you have it, TH. Good to know you have actually no idea about what you're doing, huh?
(Welcome back, btw).

 

[skc]

TH, you're one of those guys who's successful and yet doesn't know why. If you taught your method to 100 guys, not one of them could replicate it, proving that it's not about method or technique.

Golf is about physical skill and mind set. It takes no skill to read a chart, just good intuition and a positive mind set. It's like watching the weather and calling "looks like it's going to rain soon". Some have good intuition, most don't.

I suppose you have read this cover to cover.

http://www.thesecret.tv/

And this is how most normal people think about it.

http://www.youtube.com/watch?v=usbNJMUZSwo

 

[Gringotts Bank]

TH, it looks like you have a group of acolytes ready to jump to your defense. : Little sycophants are so sweet, and terribly hard to come by nowadays.

Where does it come from? From wherever you learnt it. Either that or you create it de novo. But I have a feeling I'm trying to sail upwind here, so there's no point me laying out my thesis in full. Maybe I better read that book 'Secret' and become a TV spruiker! Now there's a money making venture! Cha-ching.

 

[Trembling Hand]

Where does it come from? From wherever you learnt it.

Xactly you learn it from Skill development. If you are relying on a "positive mind set" to get you through your trading career it will last until about 10:10 am the first day. Its just laughable to be told that traders "Feeling like a winner creates winning trades" from a non-trader. You will never spend more time feeling like a loser than when you are a trader.

You need to rethink your approach. Very hard getting to a destination while traveling in the wrong direction, in your case west when you need to go north :

 

[Naked shorts]

Saw this post recently which sums things up well I think, with timely comments about The Secret too.

"Competence precedes confidence: Winning mind-sets result from mastery, not the reverse." - from Enhancing Trader Performance by Brett Steenbarger.

Deals quite a blow to traditional trading literature, but is something Dr. Steenbarger finds among all peak performers. Solid mindsets come from solid action. You need to develop successful habits before you can become successful. Unfortunately, The Secret isn't going to make you a trader.

http://anon-marketnotes.blogspot.com/2010/08/good-losers-usually-lose.html