Wednesday, August 26, 2015

losing the easiest gamble

how about a gamble/lottery with your 50% chance of winning?

welcome to trading....

but if u r still losing
the fault doesn't lie with your chances of winning.....
the trouble is...

1. lack of a method (any fixed method will do.....and I can prove it)

2. risk management.(an adverse trade shouldn't unsettle or financial position)

3. changing directions to much....mixing intraday and positional trades
too much

4. inability to stick to system.inability to be the odd man out

5. letting fear and boredom create havoc in the head leading to trade suicide

6. playing ass to be the jack who hits jackpot every time
man in a hurry to be a millionaire immediately to overcome all other ills and misfortunes of life

7. fear and inability to take the difficult trade (profitable trade is mostly equivalent to biting the bullet, uncomfortable, seemingly stupid, against the masses."how can the masses be wrong and me right"fallacy. sheepish approval seeking behavior.

8. expecting and demanding guarantee before entering the trade that the trade will be profitable. peer and masses consensus give the illusion of that false guarantee with obvious results.

9. hoping endlessly but not accepting the cause and effect reality.keep gambling but refusing to change the trades and process behind them.

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