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cover SIG short at the open, +21%
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High tide floats all boats....good on her for picking some winners....let's see how she goes taking profits when she should. Can you find a better example of psychology....maybe Brett Steenbarger at least?
I've posted heaps of information over the years; some of it academic (incl. Steenbarger), some personal, some anecdotal, some involving practical exercises, some trading diaries. Mostly it serves as fodder for ridicule. Either that or it just gets ignored or shut down. In fact I was thinking today how every single argument I've had on ASF in some way links to me defending this stuff, so I'm better off saying nothing and just doing my own thing. cynic, minwa and a few others get it, but even with them it's hard to get a discussion going.
I think it's just people don't really know what your "thing" is, you seem to swap around a lot. If a certain way of going about things is what you believe in, then stick at doing that and prove the nay-sayers wrong, easy. Might as well stop trying to "discuss" it with others and talk them around, we obviously all have a different idea of what "works", so it's highly unlikely that you're going to change any minds, especially if what they're doing has clearly worked for them, get on with it and do what you think will work for you. Time will always tell.
What's that mean...
Saaa-wing batter
- Thread starter Gringotts Bank
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Sell SKC 4.23, +3%
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Open: n = new at close
AKP @ 16.45
IPH @ 4.98
CIM @ 38.66
ECX @3.9
MTR @ 3.07
APE @ 7.96
AQG @2.12
NCK ave 7.26
BAL @5.73
BAP @ 5.39, n
[RCR - was waiting for entry, but doesn't look right. No position]
SFR @6.11
BGA @ 6.35, n
closed:
AOG +2%
EML +2%
SSM +6%
RMS +2%
ING 0%
SIG -8%
OZL +3%
SBM +8%
AWC + 2%
MYX +1.5%
SGR 5.25, +1%
PRU 0.32, +10%
SLC 2.62, +6%
BKL 1.08,+2%
SIG [short] +21%
SKC +3%
AKP @ 16.45
IPH @ 4.98
CIM @ 38.66
ECX @3.9
MTR @ 3.07
APE @ 7.96
AQG @2.12
NCK ave 7.26
BAL @5.73
BAP @ 5.39, n
[RCR - was waiting for entry, but doesn't look right. No position]
SFR @6.11
BGA @ 6.35, n
closed:
AOG +2%
EML +2%
SSM +6%
RMS +2%
ING 0%
SIG -8%
OZL +3%
SBM +8%
AWC + 2%
MYX +1.5%
SGR 5.25, +1%
PRU 0.32, +10%
SLC 2.62, +6%
BKL 1.08,+2%
SIG [short] +21%
SKC +3%
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EMC @ .93, n
SAS @ .21, n
SAS @ .21, n
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http://www.chrisperruna.com/2007/03/07/a-study-in-human-psychology/
Every expert I've ever encountered ranks psychology as the single most important factor in trading success/failure. Yes, have an edge and money management sorted, but above all, one's mindset will trump everything. You literally cannot succeed with the wrong mindset. And conversely, even the most modest edge and ad hoc sizing method will succeed massively with the right mindset. A statistical expectancy does not ensure a psychological expectancy, though it helps.
Some 'experts' would love you to believe that it takes 50000 hours of staring at charts or 5000 lines of complicated coding or a room full of screens to succeed. It's not true.
http://www.chrisperruna.com/2016/08/07/my-wifes-buy-hold-strategy-still-crushing-the-professionals/
Every expert I've ever encountered ranks psychology as the single most important factor in trading success/failure. Yes, have an edge and money management sorted, but above all, one's mindset will trump everything. You literally cannot succeed with the wrong mindset. And conversely, even the most modest edge and ad hoc sizing method will succeed massively with the right mindset. A statistical expectancy does not ensure a psychological expectancy, though it helps.
Some 'experts' would love you to believe that it takes 50000 hours of staring at charts or 5000 lines of complicated coding or a room full of screens to succeed. It's not true.
http://www.chrisperruna.com/2016/08/07/my-wifes-buy-hold-strategy-still-crushing-the-professionals/
tech/a
No Ordinary Duck
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Mindset alone will not guarantee success
Nor will a portfolio
Just as there are horrible golfers who practice relentlessly using affirmations
Lots of coaching
There are a few who get their card
So it is with investment.
GB
Why are you not following this guy?
You seem to jump from one idea to the next.
It's not that hard!
Nor will a portfolio
Just as there are horrible golfers who practice relentlessly using affirmations
Lots of coaching
There are a few who get their card
So it is with investment.
GB
Why are you not following this guy?
You seem to jump from one idea to the next.
It's not that hard!
tech/a
No Ordinary Duck
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You know having amassed more than I could spend in a lifetime the secret in my view is
Recognise opportunity
Understand how to take advantage of it
DO SOMETHING
You only need to get 1 right
And a huge dose of LUCK
Recognise opportunity
Understand how to take advantage of it
DO SOMETHING
You only need to get 1 right
And a huge dose of LUCK
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Positive Expectancy builds a positive mindset . There is the " simple " part .
CanOz
Home runs feel good, but base hits pay bills!
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High tide floats all boats....good on her for picking some winners....let's see how she goes taking profits when she should. Can you find a better example of psychology....maybe Brett Steenbarger at least?
tech/a
No Ordinary Duck
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If your undercapitalised
You can be as positive as you like
But you'll STILL suffer from fear during draw down
If you have plenty of bucks you'll be able to make. Clear decisions
You can be as positive as you like
But you'll STILL suffer from fear during draw down
If you have plenty of bucks you'll be able to make. Clear decisions
tech/a
No Ordinary Duck
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Exmouth is pretty warm
Diving with the whale sharks
Diving with the whale sharks
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I've posted heaps of information over the years; some of it academic (incl. Steenbarger), some personal, some anecdotal, some involving practical exercises, some trading diaries. Mostly it serves as fodder for ridicule. Either that or it just gets ignored or shut down. In fact I was thinking today how every single argument I've had on ASF in some way links to me defending this stuff, so I'm better off saying nothing and just doing my own thing. cynic, minwa and a few others get it, but even with them it's hard to get a discussion going.
Last edited:
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I think it's just people don't really know what your "thing" is, you seem to swap around a lot. If a certain way of going about things is what you believe in, then stick at doing that and prove the nay-sayers wrong, easy. Might as well stop trying to "discuss" it with others and talk them around, we obviously all have a different idea of what "works", so it's highly unlikely that you're going to change any minds, especially if what they're doing has clearly worked for them, get on with it and do what you think will work for you. Time will always tell.
tech/a
No Ordinary Duck
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Exactly TJ
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NCK sell 6.76, -7%. Counts as two losing trades. Won't add to position in-trade from now on.
Every stopped out trade was to be shorted but NCK already met its short target intraday at exactly 6.54 (encouraging). Other than that unchanged from yesterday.
Eventual win rate impossible to guess at. If it turns out to be profitable, massive leverage would be required to take every trade.
Every stopped out trade was to be shorted but NCK already met its short target intraday at exactly 6.54 (encouraging). Other than that unchanged from yesterday.
Eventual win rate impossible to guess at. If it turns out to be profitable, massive leverage would be required to take every trade.
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What's that mean...
tech/a
No Ordinary Duck
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I'm in Exmouth
What else would it mean?
What else would it mean?
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Sell CIM 41.07. Close to target but struggling to hit it. +6%
Looking at the depth, 41 might be a more realistic price. Depth very thin and this one's not an actual trade.
Looking at the depth, 41 might be a more realistic price. Depth very thin and this one's not an actual trade.
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Sell EMC 1.02, +10%
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Open: n = new at close
AKP @ 16.45
IPH @ 4.98
ECX @3.9
MTR @ 3.07
APE @ 7.96
AQG @2.12
BAL @5.73
BAP @ 5.39
SFR @6.11
BGA @ 6.35
SAS @ .21
closed:
AOG +2%
EML +2%
SSM +6%
RMS +2%
ING 0%
SIG -8%
OZL +3%
SBM +8%
AWC + 2%
MYX +1.5%
SGR +1%
PRU +10%
SLC +6%
BKL +2%
SIG [short] +21%
SKC +3%
EMC +10%
CIM +5%
NCK -7%
NCK -7%
AKP @ 16.45
IPH @ 4.98
ECX @3.9
MTR @ 3.07
APE @ 7.96
AQG @2.12
BAL @5.73
BAP @ 5.39
SFR @6.11
BGA @ 6.35
SAS @ .21
closed:
AOG +2%
EML +2%
SSM +6%
RMS +2%
ING 0%
SIG -8%
OZL +3%
SBM +8%
AWC + 2%
MYX +1.5%
SGR +1%
PRU +10%
SLC +6%
BKL +2%
SIG [short] +21%
SKC +3%
EMC +10%
CIM +5%
NCK -7%
NCK -7%