Because the machine thinks it has unlimited amount of money.
Any time, trader introduces a fear of a loss of money, he/she will never follow the machine again.
One can not follow the machine unless he/she trade amount so small that the do not think about it.
I WANT TO BE LIKE MIKE... Ha, I want to be like MDS.
If that is what I want to be, I know that I have to play with about less $5000 Dollars and allow 15 trades before it is all gone. That means I must allow no more than $150 loss per trade. Do you see why I am not a millioner/billioner. To think I have unlimited amount of money, like machine does, I must play very small.
Honestly , how many people trade with these kind of parameters. I see people all the time that lose $1000- $2500 and get so scared that Machine and the system is the last thing they remember. They cut the trade, just before the market turns ( as usual). Remember machine has no stops, even though it can be given a relatively large one.
11 comments:
Boris,
Stay small and stay in business.
Another Bus is coming
old john
Dear John,
I know, that you have the best line in house.
I just wish that it was so easy for people to translate into numbers and make sure that it does not bother them.
When someone reads your statement it is so clear and when they go to implement it is so confusing...
It should not be. Being a trade is all about you and almost nothing about the market...
Peple know it takes 7 years to become doctor. 4 Years to become Computer scientist etc ... etc.
But they think the most difficult job of trading , well should take part time and few months...
This is not addressed to any individual, this is just general statment.
Folks , Trading is the even more difficult and demanding than airflight controllers job...
Yes, it is the most difficult mental occupation there is...
It take a lot of time and lot of patience and the need to take this sentence of JOHN and give it hard think...
What the hell does it mean to me?
I kill myself to be useful in that process, but can not help anybody who does not want to be helped.
Good Trading
Boris
thats what I was doing a couple yrs. ago and market would turn right after I sold. I knew better but fear got me everytime.
I made $$ for many years then about 2-3 yrs ago they started screwing with markets and all I did is lose.
Now that I have changed my system again and understand I have had a great run for about 10 months now.
A big part of the change is when I came to this site and with your help I got the courage to do the right moves.
There are a few people here with you that provide very important info which makes up the puzzle.
Thanks All!!
Boris,
I learned the hard way- once. I would only suggest that before you enter a trade, think how much you are willing to lose without the panic response. For me, it about 150 dollars, after that, it bothers me. I then look at the APs and judge the amount I will risk accordingly. If the APs are far apart, take that risk into consideration. Today I did not trade because I was unsure, I should have but tomorrow is another day.
old john
Making mistakes is okay if you learn from them
Dear Lag,
That is entirely appreciated.
In russian there is a saying. I sm sure it is the same in all other languages.
PLOXOMU TANZIORU YAIZA MESHAYOUT
this means that Bad dancer alwasy theinks it the thing in between legs that is not giving him a chance to be GREAT.
Yes, that is the way I was too. I was a very bad DANCER as well, not to speak about TRADING(:-
But the point I want to make is that I have arrived , when I realised that I can make 15 trades a day and lose nothing on them with the help of APs for me. I am sure others found someting that works for them.
I said, to myself, with these kind of commissions and the ability not to lose... I have ARRIVED...
Yes, I used to conduct the sessions live on this site, where people could see with their own EYES how I got in and out of trade with ZERO loss or small gain/loss all the time and how once in a while I hit big.
This is not a made up story, folks go reread my trading sessions.
This took me too many years to mention. I hope that with my persistance and guidence there will be more who will become the same, but takes desire, persistance and belief that it can be done.
GOod Trading
Dear Hopper,
All correct, but
if it can help to look over the shoulder of others that have done so it becomes easier, right?
I am sure you agree.
I can sense from the question subscriber askes how the trade went. Because I have been there. TOo many times, fortunately/unfortunately.
Dear Hopper, I do not remember if you were with us, when I used to have live trading sessions with APS.
Not sure, but those lessons were invaluable to me personnally. I know Lag and John were there.
GOod Trading
Leverage is evil. If someone stops using a system because one trade was bad, then they are risking too large a percentage of their account balance.
Dear Czman,
That is it.
EVIL is the word.
I has almost destroyed me , for sure.
Good Trading
leverage is pushed/marketed on us by Sopitalists. They want us to be scared, because scared money can be induced to fold easily when they jerk the markets around, taking money out of our pockets and into theirs. Just say no to leverage. Have strong hands and confident money, and even if 50% of your trades go wrong, I bet in the end you still have profit.
Well, Dear CZMAN and all
Why is the FED so secretive about the over the counter derivatives markets. Worth 10times US GDP!!!!!!!!!!!!!!!!!!!!!!!!!!
CAUSE it is a monopoly MONEY.
What is the monopoly money used for?
For exactly the activities Dear CAMAND describes below.
Good Trading
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