A trading day from your life
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crossing_along
- Posts: 55
- Joined: Wed May 06, 2009 2:31 pm
Looking at PeterLe's setup here viewtopic.php?f=17&t=3911 makes me wonder how can be a trading day for a full time trader. Like from when he weaks up untill going to sleep . What he does all day in terms of trading ? Are they humans or more like robots always thinking abaut new strategys , writting down every trade, calculating the risk all the time , adjusting the strategy , then going to sleep waiting for the next day ? Although peple asked for several ladders ,this guy only uses 3 to make money. Although more and more people say WOM and Volume average are more like useless this days -he is using them.
Hicrossing wrote:Looking at PeterLe's setup here viewtopic.php?f=17&t=3911 makes me wonder how can be a trading day for a full time trader. Like from when he weaks up untill going to sleep . What he does all day in terms of trading ? Are they humans or more like robots always thinking abaut new strategys , writting down every trade, calculating the risk all the time , adjusting the strategy , then going to sleep waiting for the next day ? Although peple asked for several ladders ,this guy only uses 3 to make money. Although more and more people say WOM and Volume average are more like useless this days -he is using them.
I'm certainly not a robot (& I'm only a part time trader; I have a full time professional job that is very demanding)!!
At its simplest there is only one way of making it and that is to back higher than you lay. Yes it sound simple but it's true. What complicates things is the human aspect, deciding when to take a loss (or not) and so on..all of which has been discussed many times on here. I'm not sure whether you can learn this if I'm truly honest? (I can feel a debate coming on about this, but that is my own personal opinion!)
There is some great advice already on the forum under the newbie section which there is no point repeating. It took me years to find something that worked for me but now that I have found I use the same methodology. For me its not all about the money if I'm honest, I enjoy the challenge and get as much satisfaction from this as I do from the monetary gains. I know of at least two others on here that have the same mentality.
If you look through the older betangel blogs (Might be archived now?). There was a piece of advice that said something along the lines of ..Trade at random for minimum stakes (You wont lose a lot believe me) take a Look at what you did right and what you got wrong (a pattern will appear). Then concentrate on minimising you losses rather than concentrating on you wins.
Apply some logic and create an edge (A tiny edge is enough!)
Increase you stakes.
Sounds easy, but its not..but worth pursuing
Regards
Peter
Top post Peter isnt it a good feeling when you have worked at something then discover how to make it consistant. I myself like the challenge and the freedom of relaxation when to trade, do it right and check your PNL at the end of the month, you can suprise yourselfPeterLe wrote:Hicrossing wrote:Looking at PeterLe's setup here viewtopic.php?f=17&t=3911 makes me wonder how can be a trading day for a full time trader. Like from when he weaks up untill going to sleep . What he does all day in terms of trading ? Are they humans or more like robots always thinking abaut new strategys , writting down every trade, calculating the risk all the time , adjusting the strategy , then going to sleep waiting for the next day ? Although peple asked for several ladders ,this guy only uses 3 to make money. Although more and more people say WOM and Volume average are more like useless this days -he is using them.
I'm certainly not a robot (& I'm only a part time trader; I have a full time professional job that is very demanding)!!
At its simplest there is only one way of making it and that is to back higher than you lay. Yes it sound simple but it's true. What complicates things is the human aspect, deciding when to take a loss (or not) and so on..all of which has been discussed many times on here. I'm not sure whether you can learn this if I'm truly honest? (I can feel a debate coming on about this, but that is my own personal opinion!)
There is some great advice already on the forum under the newbie section which there is no point repeating. It took me years to find something that worked for me but now that I have found I use the same methodology. For me its not all about the money if I'm honest, I enjoy the challenge and get as much satisfaction from this as I do from the monetary gains. I know of at least two others on here that have the same mentality.
If you look through the older betangel blogs (Might be archived now?). There was a piece of advice that said something along the lines of ..Trade at random for minimum stakes (You wont lose a lot believe me) take a Look at what you did right and what you got wrong (a pattern will appear). Then concentrate on minimising you losses rather than concentrating on you wins.
Apply some logic and create an edge (A tiny edge is enough!)
Increase you stakes.
Sounds easy, but its not..but worth pursuing
Regards
Peter
Its all about the Journey and willing to travel it