Q.... If as per system, it is going to be a loss of 10 lac momentarily (according to the tf as ur system is made) whereas ur discretionary intuition says to cut that loss & reentry at a later stage... What will you do? Assuming fast recovery like V, system has not given suitable entry, what will one do?
A...in that case, we should incorporate the discretionary intuition logic into the system. next time, the system takes care of a similar situation.
this way, with every incorporation of intuition or observation or experience system, keeps improving.
that system isn't infrared enough to catch emerging or dissolving V. that's why i say traders shouldn't waste time trading for years without a system. because it takes months and years of observations and experiences, stumbled and falls, and flukes to build a system.
both good and bad, amateur and professional traders go through the same experiences, challenges, setbacks, profit and losses, slaps and pats, tears and frustrations... the only difference between the two is that those casual ones just forget market feedback and experiences and keep putting trades like an egoist out for vengeance.
on the other hand, the evolving ones don't forget the experiences, note them or remember them, understand and deep dig them until they crack the mystery code behind what happened. they make those stumbling stones the bricks of their continuously emerging system wall.
otherwise, all teasers have three ears, two nose, and horns on the head to identify the genius
Q: I agree with this.... But traders also loosing with the help of the system. ....
A: true. they should improve the system. having a weak system is no consolation in the market.
what is a trading system.... just a few rules of entry, exit and hold... and of course how much you'll bet and how you'll multiply over the period of time. plus did and don'ts based on burn marks on bum
if one writes down on a piece of paper answers to these two questions....
1... rule for when will i enter
2.... rule for when i will exit
that'll dramatically change fortunes.... the devil lies in the answer. extremely simple but extremely difficult.
basically you have to survive the mafia. it's all fixed and rigged worldwide game. imho you have to see through and benefit. they are not after 1 person ie you. they are after the money of the masses. be in the minute monitory. there is a massively disguised pattern as that's the only way mafia can manage mountain of money.
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