Full time traders

[trader44]

i think doing it manually gets the emoitions more involved making quick decisions rather than auto bots which you set and leave i am guessing ..I have found these videos very useful for the mental side of trading .its mark douglas ( Mark Douglas How to think like a professional trader)

https://www.youtube.com/watch?v=QgaTlTfQnZI

[spreadbetting]

Not sure snooker or sports are good analogies, I know how to play football but not even managed trials for Crewe

I just think people love to overcomplicate trading and make it out to be so much harder, and better, than it is. The price can only move two ways and usually it even moves both. Plus I'm not sure why a traders mindset is supposed to be any different or better than anyone else who succeeds in what they do. In business you can take risks but unless those are calculated risks you'll eventually go bust the same as you would in trading. If you have a sucessful plan and the discipline to follow it through you should evenually succeed in whatever you turn your hand too. If anything a lot of full time traders would have been a lot richer if they'd stumbled into something else other than trading and put the same effort in that.

[trader44]

yup a plan and discipline if only it was that easy everybody would succeed in whatever they tried .for some people including myself discipline has been very very hard to crack and is an ongoing challenge for me

[eightbo]

yup a plan and discipline if only it was that easy everybody would succeed in whatever they tried .for some people including myself discipline has been very very hard to crack and is an ongoing challenge for me

re: discipline → https://www.youtube.com/watch?v=X3vRK2P9lSU

[ShaunWhite]

i think doing it manually gets the emoitions more involved making quick decisions rather than auto bots which you set and leave i am guessing

Both have their issues.
Grinding away for several months doing coding, thinking, testing & tweaking.....only to find that when you hit the 'Go' button it slowly spends your bank can be a mental challenge to. Starting afresh with a blank piece of paper each time takes a certain amount of resilience.

As a for instance, I've gone live this week with a strategy that's taken 9 months of fulltime work, 2,400hrs? Admittedly 6+ months was working on the core system which is reusable, a bit like a home-grown Guardian, but on steroids. MIght work, might not, but no guts no glory. It'll need to clear 24 grand before all that work pays minimum wage! So far I'm about +£60 so that puts my wages for that time at 2½p /hr

The next few weeks might be a good time for fat finger fans if my QA has any holes in it. My first test run with a stripped out bank for safety, shot 25 x£2 bets into a market in 25ms with all the subtlety of an AK47!! Bug fixed, I hope, if not, someone here might have a lucky day.

[trader44]

my set it and leave comment was meant after months and months of working out how to actually work it all out.i take my hat off to anyone that is successful at trading and anything else they do

[ShaunWhite]

I know it's always said at these times, but trading really is the hardest way to make an easy living.

[trader44]

i like that shaun

[arbitrage16]

I know it's always said at these times, but trading really is the hardest way to make an easy living.

This applies to trading financial markets, certainly not sports markets.

[wearthefoxhat]

I know it's always said at these times, but trading really is the hardest way to make an easy living.

This applies to trading financial markets, certainly not sports markets.

Also applies to those that play poker full time as well.

doyle.PNG

[ShaunWhite]

The saying comes from poker, i just twisted it around for trading.