Which is a true testimony of Trading skill:
1) Windfall equity increased, coupled with overleveraging and wild drawdowns.
2) Steady equity curve higher, measured minimal drawdown and never overleveraging.
If the second makes less money, is it inferior to the first?
1) Windfall equity increased, coupled with overleveraging and wild drawdowns.
2) Steady equity curve higher, measured minimal drawdown and never overleveraging.
If the second makes less money, is it inferior to the first?
Why is the first approach likely to reach ruin faster and more likely than the second?
What effects on the Trader does the first Trader encounter that the second does not contend with?
Which Trader is driven by greed and more influenced by their losing trades?
The high roller?
The steady hand?
The high roller?
The steady hand?
The first Trader is making trading an Olympic event or a Casino poker competition.
The second is Trading & managing RISK; as well as their emotional & stress expenditure.
Who needs the next trade to win? The first or the second?
The second is Trading & managing RISK; as well as their emotional & stress expenditure.
Who needs the next trade to win? The first or the second?
Which Trader can withstand 8 losing trades in a row... and not lose their focus or start sweating about the drawdown?
More money won is not the better Trader.
Size in trades is not indicative of better executions, accuracy, & optimal drawdown & mitigation.
Trade Management is how you manage the trades, Risk Management is how you stay in the game long enough to make a net gain... & no stress.
Size in trades is not indicative of better executions, accuracy, & optimal drawdown & mitigation.
Trade Management is how you manage the trades, Risk Management is how you stay in the game long enough to make a net gain... & no stress.
Does betting on the winner of the Superbowl make the gambler a good football player?
Does the gambler have any influence on the game or its outcome? No.
We have control over ourselves & we must maintain that control at all times trading.
Like a Superbowl, it can end poorly.
Does the gambler have any influence on the game or its outcome? No.
We have control over ourselves & we must maintain that control at all times trading.
Like a Superbowl, it can end poorly.
Your job as a Trader is to manage the Risk of losing everything you have.
It is not to see how far, how hard & much you can risk it & still survive extreme gambling.
You should be indifferent to the outcome of trades. Emotionless.
If you can't be, you're gambling.
Period.
It is not to see how far, how hard & much you can risk it & still survive extreme gambling.
You should be indifferent to the outcome of trades. Emotionless.
If you can't be, you're gambling.
Period.
Now... with all that being said.
If you can manage risk impeccably, time your engagements well, refrain from overtrading and / or overleveraging your account... & run up a nose bleed equity curve.
Then yes, that is something worthy of respect & skill.
Aim there not the casino.
If you can manage risk impeccably, time your engagements well, refrain from overtrading and / or overleveraging your account... & run up a nose bleed equity curve.
Then yes, that is something worthy of respect & skill.
Aim there not the casino.
If you hit "max loss" days...
You aren't doing it correctly.
I don't care who you are.
Refrain from that and watch your trading transform into a low stress ATM machine and find it rewarding both monetarily & intellectually stimulating.
Food for thought.
Toodles!
You aren't doing it correctly.
I don't care who you are.
Refrain from that and watch your trading transform into a low stress ATM machine and find it rewarding both monetarily & intellectually stimulating.
Food for thought.
Toodles!
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