Trading What I see !?

[ShaunWhite]

Do you think Peter when he sees the right patterns , setup for his entry point he has to think "ahh perhaps i should enter a trade here " or do you think he automatically enters his trades and uses all his concentration to manage his position and watch what the market is doing?

After many hours a day, 6+ days a week, for 20 years you'd expect someone to trade pretty much on autopilot. The idea of "perhaps I should" or "all his concentration" would never comes into it.

Tbh speedy if it still took effort after 20yrs straight of doing it then everyone might as well give up now. He'll be able to rock up and trade with the ease a jazz musician can walk in a room and improvise to anything already playing.

[jimibt]

Do you think Peter when he sees the right patterns , setup for his entry point he has to think "ahh perhaps i should enter a trade here " or do you think he automatically enters his trades and uses all his concentration to manage his position and watch what the market is doing?

is this Q for mr goatie -or in general. won't answer now if you are posing it for the former

mr goatie -whadya think?

is intended to make him think, however anybody can reply

i hope this doesn't come across as a comment aimed at goat68

- this is purely an interesting observation and one that we all fall victim to: Dunning-Kruger effect

[speedyhamster]

Do you think Peter when he sees the right patterns , setup for his entry point he has to think "ahh perhaps i should enter a trade here " or do you think he automatically enters his trades and uses all his concentration to manage his position and watch what the market is doing?

After many hours a day, 6+ days a week, for 20 years you'd expect someone to trade pretty much on autopilot. The idea of "perhaps I should" or "all his concentration" would never comes into it.

Tbh speedy if it still took effort after 20yrs straight of doing it then everyone might as well give up now. He'll be able to rock up and trade with the ease a jazz musician can walk in a room and improvise to anything already playing.

if you (or whoever) follow Peters advice eg just look for steamers and trade them and practice till you get it you will be able to automatically trade those setups . then for example do the same for drifters , it is the same way you learn or learned to drive.

[speedyhamster]

is this Q for mr goatie -or in general. won't answer now if you are posing it for the former

mr goatie -whadya think?

is intended to make him think, however anybody can reply

i hope this doesn't come across as a comment aimed at goat68

- this is purely an interesting observation and one that we all fall victim to: Dunning-Kruger effect

"if you (or whoever) follow Peters advice eg just look for steamers and trade them and practice till you get it you will be able to automatically trade those setups . then for example do the same for drifters , it is the same way you learn or learned to drive. " would fit in with an-overview-of-the-dunning-kruger-effect , in my opinion ofc
my comment was not intended to be aimed at goat ether

[speedyhamster]

Do you think Peter when he sees the right patterns , setup for his entry point he has to think "ahh perhaps i should enter a trade here " or do you think he automatically enters his trades and uses all his concentration to manage his position and watch what the market is doing?

After many hours a day, 6+ days a week, for 20 years you'd expect someone to trade pretty much on autopilot. The idea of "perhaps I should" or "all his concentration" would never comes into it.

Tbh speedy if it still took effort after 20yrs straight of doing it then everyone might as well give up now. He'll be able to rock up and trade with the ease a jazz musician can walk in a room and improvise to anything already playing.

i am not the best at putting things into writing , comments like "if you" etc are not meant as if it is something you should or should not do, is not meant , sorry if that is misleading

[goat68]

Every one a loser!
4 races 4 losers, all this week's profit gone and some
Frustrating!

[jamesg46]

If the name order and picture order are in sync then im pissed... why do I have to be the ugly one

The ugly one?!? More like the Chosen One

Really enjoyed watching this last night & im now glad I ended up the ugly one

[ShaunWhite]

Every one a loser!
4 races 4 losers, all this week's profit gone and some
Frustrating!

Money management. You can't have a week's wages on the outcome of 4 races. But I guess that 'a week's profit' could have been a pound or two so don't sweat it.

You're not going to be winning at this stage anyway so the fact a big loss was paid for out of profit is progress.

[Kai]

Every one a loser!
4 races 4 losers, all this week's profit gone and some
Frustrating!

Money management. You can't have a week's wages on the outcome of 4 races. But I guess that 'a week's profit' could have been a pound or two so don't sweat it.

You're not going to be winning at this stage anyway so the fact a big loss was paid for out of profit is progress.

Money management, risk management, trade management needs to be actively worked on no doubt..... but isn't the biggest issue with that comment that he's expecting to profit from the very start? Shouldn't even care about flippin' profit at that stage?? Should be all about the lessons and learning from mistakes, tunneling on profit itself can just end up being counterproductive.

[Kai]

If the name order and picture order are in sync then im pissed... why do I have to be the ugly one

The ugly one?!? More like the Chosen One

Really enjoyed watching this last night & im now glad I ended up the ugly one

This Star Wars one where that gif is from? Or the one with the goats? I ended up very disappointed with that one, trailer was fantastic but with so much comedic talent it just flopped in the end.

[alexmr2]

Tbh speedy if it still took effort after 20yrs straight of doing it then everyone might as well give up now. He'll be able to rock up and trade with the ease a jazz musician can walk in a room and improvise to anything already playing.

To master trading the goat must become the pianoman or at least do what he does to become profitable. The pianoman has so many hours practice that when the crowd shuffles in and makes a request for a specific melody he can almost certainly play it off the top of his head. By doing that the pianoman ensures that his jar will keep getting filled with bread

[Kai]

Tbh speedy if it still took effort after 20yrs straight of doing it then everyone might as well give up now. He'll be able to rock up and trade with the ease a jazz musician can walk in a room and improvise to anything already playing.

To master trading the goat must become the pianoman or at least do what he does to become profitable. The pianoman has so many hours practice that when the crowd shuffles in and makes a request for a specific melody he can almost certainly play it off the top of his head. By doing that the pianoman ensures that has jar will keep getting filled with bread

Not seen The Pianist yet myself

People often say good trading is boring and I'm sure everyone would agree with that one. I'd also say that good trading is simple in a nutshell, but it's very complicated to simplify your trading! If that makes any sense

And getting 35 pages worth of various random advice is anything but simple, so good luck to Mr Goat sorting things out through all that noise

If all else fails can always go for 1 on 1 mentoring with Psychoff by paying £9999 + VAT for 25 hours of intense trading education 25 hours is practically one full day, biggest existing shortcut in sports trading for the impatient ones?

[goat68]

Everyone a winner!
Only 6 races today, but all winners

[ShaunWhite]

Everyone a winner!
Only 6 races today, but all winners

But did you trade well? You can get 3 or 4 with your eyes shut, or if you're focusing on steamers then were there more than the usual number of them? and hitting them was easy or even inevitable.

I don't want to burst your bubble but these are some of the reasons people think they've cracked it when they haven't, then raise stakes and come a cropper.

All part of why weekly or monthly stats show a truer picture.

[darchas]

Everyone a winner!
Only 6 races today, but all winners

But did you trade well? You can get 3 or 4 with your eyes shut, or if you're focusing on steamers then were there more than the usual number of them? and hitting them was easy or even inevitable.

I don't want to burst your bubble but these are some of the reasons people think they've cracked it when they haven't, then raise stakes and come a cropper.

All part of why weekly or monthly stats show a truer picture.

One thing just to point out, not saying it's the case, but sometimes it's easy to fall into a +ve day = good, -ve day = bad. Might not be the case but a pattern seems to be feeling good when you're green and not so much when red.

I can't help but feel that this thread is starting to go round and round in circles.