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My trading - how I trade for a living (1 Viewer)

tech/a

No Ordinary Duck
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Referring my post in the longterm investment thread.

Here is a perfect example of the type of hypothetical thread and discussion
Offered up which just has no value.
 
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Tech/a: I have to disagree with you that the advice given in this thread has no value. The fact that it wasn't used doesn't lower its worth.

There's value is seeing how hard it is to trade profitably. There's value is seeing that quitters can't ever win. There's value in seeing the attributes that are required to trade successfully.

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I'm disappointed that rmt has not continued his thread, but I'm not surprised. Life can sometimes sidetrack our intentions and I hope that all is well with rmt and that he did manage to earn something out of this recent bullish rally.

The hardest thing to master when trading is ourselves. We naturally suck at trading. We are conditioned to fail. To succeed in our trading we are forced to confront our worst nightmare, the real us. Every successful trader has been forced to confront themselves. If you lack integrity, you'll fail. If you can't control your emotions, you'll fail. If you can't make rules, you'll fail. If you can't follow your own rules, you'll fail. If you have to be right all the time, you'll fail. I can go on, but the main impediment to trading successfully is ourselves.

The only way to start this confrontational process is to keep detailed trading records (trading journals). Our past performances define our current trading skills. If you don't keep good records then you are not serious about being successful. If you enjoy the game, treat it as a hobby or just plain gamble then that's good for you. Don't tell me you're trading for a living, because I won't believe you if you don't have records.

I know it's hard looking at a crappy batch of trades that you've just completed. If you don't know that your trading sucks then how are you going to improve? Trading can be a lonely activity and if you keep yourself isolated, you will miss out on valuable feedback about your trading ideas.

Public forums are a tough place to show your trading results, but provided they're moderated properly, you'll get great feedback from people more experienced than you, for free.
 

tech/a

No Ordinary Duck
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I agree Peter.

Perhaps he took the advice and is now formulating his return.

Excellent thoughts.
 

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