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Search: Posts Made By: trendisyourfriend
Forum: Psychology and Money Management March 8th, 2012, 05:04 PM
Replies: 151
Views: 28,689
Posted By trendisyourfriend
Although it is adressed to Mike my answer to this...

Although it is adressed to Mike my answer to this is that a discretionary trader (the way i conceive it) does not feel the need to backtest in the same way as a mechanical trader would do. If you...
Forum: Psychology and Money Management March 8th, 2012, 01:06 PM
Replies: 151
Views: 28,689
Posted By trendisyourfriend
Domage this concept is not discussed more often...

Domage this concept is not discussed more often as i think it's at the heart of the trading game. Trapped traders is a concept that has to do with crowd psychology specially when stressful situations...
Forum: Psychology and Money Management March 8th, 2012, 09:21 AM
Replies: 151
Views: 28,689
Posted By trendisyourfriend
subjectivity along with common sense are superior

There are many departments where subjectivity along with common sense prove to be superior to mechanical processes.

For example, when does a change of trend occur?

No matter how complex your...
Forum: Psychology and Money Management March 7th, 2012, 08:26 PM
Replies: 151
Views: 28,689
Posted By trendisyourfriend
So a rough-&-dirty calculation might look like...

So a rough-&-dirty calculation might look like this:

Probability #1 (direction): 50%
Probability #2 (stop): 50%
Probability #3 (distance): 50%

So that gives us, best-case scenario odds (based...
Forum: Psychology and Money Management March 7th, 2012, 07:11 PM
Replies: 151
Views: 28,689
Posted By trendisyourfriend
The anatomy of a longer term trade management

Mike, could you give an example of such a trade where price has moved against you while still considering your original premise valid? I'd be interested to see such a trade on your bigger chart...
Forum: Psychology and Money Management February 21st, 2012, 07:06 PM
Replies: 151
Views: 28,689
Posted By trendisyourfriend
I hope perryg won't read that :sarcastic:

I hope perryg won't read that :sarcastic:
Forum: Psychology and Money Management February 19th, 2012, 10:54 AM
Replies: 151
Views: 28,689
Posted By trendisyourfriend
I agree 100% (pun intended) with that passage: ...

I agree 100% (pun intended) with that passage:



Once the trade is open, it's minimize your loss and maximize your gain.
Forum: Psychology and Money Management February 19th, 2012, 10:48 AM
Replies: 151
Views: 28,689
Posted By trendisyourfriend
In the last analysis, we can see judging from the...

In the last analysis, we can see judging from the various opinions that it is a matter of common sense as in everything else in life. If you start with a bank of $10000, it does not take lots of...
Forum: Psychology and Money Management February 18th, 2012, 07:12 PM
Replies: 151
Views: 28,689
Posted By trendisyourfriend
I think you got it wrong, both are important as...

I think you got it wrong, both are important as we are not robots or we are not all trading mechanically. If you suffer 6 losses in a row or whatever number but it takes you 12/14 winners to recover...
Forum: Psychology and Money Management February 18th, 2012, 04:48 PM
Replies: 151
Views: 28,689
Posted By trendisyourfriend
How do you define the probability of any single...

How do you define the probability of any single trade? And when you risk more, are you not also considering the risk in terms of a fixed $ or % number to some extent?
Forum: Psychology and Money Management February 18th, 2012, 12:03 PM
Replies: 151
Views: 28,689
Posted By trendisyourfriend
For me it's a fixed dollar amount per trade risk....

For me it's a fixed dollar amount per trade risk. It seems more logical than using a fixed %. The reason is simple, if you start with $10000, and drawn down to $5000, using a fixed % method, it will...
Showing results 1 to 11 of 11

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