I can actually remember the conversation - 15 years ago with my best software buddy of the time. I attempted to convince him that I was sick of working so hard at software, having to get 50-100 decisions a day right, whereas I would only need to get one or two right each day as a trader.
The following 8 users say Thank You to ratfink for this post:
I always thought the more I begin to understand the essence of why the market fluctuates that I would become a successful trader. I felt I had an advantage in that I naturally looked at and considered ideas and perspectives most people didn't. I thought my creativity would give me an upper hand with trading, and most of all, I thought my understanding of the ego, spirituality and emotions would give me a psychological edge.
My eyes were focused outward and my problem solving done inward. I was able to toss out the irrelevant and hone in on the most relevant techniques pretty rapidly. I am good at that sort of thing... slicing through layers to arrive at the essence of things. I thought the techniques I utilized were sophisticated yet elegant. That appealed to the scientist in me. It gave me confidence I was on the right track. I sure did put in the work to study them. It turns out I was right about the techniques being sophisticated and elegant.
What I was wrong about was just how inelegant and unsophisticated my understanding of my own flaws was. I had so many things right, but I had the most basic thing wrong. My eyes should have been focused inward, while only looking outward.
Last edited by reasondeep; March 29th, 2015 at 03:49 AM.
The following 6 users say Thank You to reasondeep for this post:
Big boys with big money have always moved the markets...we don't. Only logical thought is to think like a big boy and do the best I can to ride the moves with them. I look for clues on how they accomplish these feats. If I have a negative bias against these guys, I will never join their party.
Supply & Demand ... Core Strategy Plan.
The following 3 users say Thank You to missionatsea for this post: