Last year's Jan-Feb I hit a £30,000 heater and it twisted my whole year. I thought it was because of skill but actually it was just a lucky run. I ended up losing 10k last year because I couldn't give up betting a certain strategy. I think the market changed too so it wasn't working anymore.
This year I've been wiser to not fall in love with specific strategies so I'm winning again. Winning too much in a short time can be the worst thing that can happen to you.
Have you had similar situations?
30k heater
Because losing is synonymous to learning, try to swap those words around and see if the sentences make more sense. So in other words :
"Learning has been the best thing that has happened to me."
"I wouldn't have found the current better strategies if I wasn't learning."
"My motivation on studying goes way up when I'm learning."
Thanks for your reply. You must be into haikuKai wrote: ↑Tue Apr 30, 2024 9:23 amBecause losing is synonymous to learning, try to swap those words around and see if the sentences make more sense. So in other words :
"Learning has been the best thing that has happened to me."
"I wouldn't have found the current better strategies if I wasn't learning."
"My motivation on studying goes way up when I'm learning."
Some people just raise the stakes when they lose. Actually, it takes a very long time to be certain of your real winrate.
I have feeling that the actual winners like you don't really talk about anything specific on this forum. You help a lot with your comments but the biggest winners are just silent on the real things.
Yeah, you can skip some the comments by looking at the writer. Search by writer is where the money is.
If a big winner tells the market, that's too much info. You can just place bets on both sides and find the edge.
That's maybe a bit disrespectful towards regulars, you can find a bit of value in many places, I often find some by chance or accident.
I think a bit of advice on methodology and psychology is fair game, but many people expect the forum and the software to be a service of sorts and end up disappointed.
End of the day a trader only knows what works for him, but yes, sharing ANYTHING is generally a thankless task and just hurts your bottom line in the long run.
The best +EV strategy is being a Silent Bob
That might explain most of the forum noise then. So I wouldn't be too harsh on anyone.
I half assumed you might be coming from poker since I never heard the term "heater" before in this context.
Anyway, good luck on your journey.
Variance.shubb wrote: ↑Tue Apr 30, 2024 8:40 amLast year's Jan-Feb I hit a £30,000 heater and it twisted my whole year. I thought it was because of skill but actually it was just a lucky run. I ended up losing 10k last year because I couldn't give up betting a certain strategy. I think the market changed too so it wasn't working anymore.
This year I've been wiser to not fall in love with specific strategies so I'm winning again. Winning too much in a short time can be the worst thing that can happen to you.
Have you had similar situations?
In poker, it takes one million hands approx to ride out upswings / downswings and find out if youre profitable or not
You'd be amazed just how much a losing strategy can win initially. And vice versa