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- Bainbrito replied Feb 16, 2024
Totally agree, I made a comparison between the trend character of Dow and Cable last November - since posting Dow has risen over 3500 pips! Cable is far too unstable for me, why make life hard for yourself?! cable nov 23 image dow nov 23 image ...
- Bainbrito replied Feb 7, 2024
Thank you for your comments sthukzin, I completely agree.
- Bainbrito replied Feb 7, 2024
Hi sthukzin, To accept and embrace being wrong starts with having a more positive view of being wrong in the first place. I think that socially we are conditioned to have an extremely negative view of getting things wrong. Not only do we associate ...
- Bainbrito replied Feb 5, 2024
Today's result is a good example of combinations and permutations in action; the first attempt to buy Dow was too early and got stopped out for a 67 pip loss. In hindsight, I can see that a) I could have cut the loser earlier, b) if the stop was ...
- Bainbrito replied Feb 4, 2024
Reactions Our intellectual activity is driven by emotions. Emotions are based on logic. Emotion and logic are like two sides of the same coin. When we attempt to define or describe something, we may feel satisfied or frustrated with the definition, ...
- Bainbrito replied Feb 1, 2024
Thanks Pat! Without Mahee et al there’s no fun trading cable for me, it’s like a roller coaster designed to throw everyone off, and make the survivors quite sick! Once I ran out of clean pants to wear there was no choice but to switch. I’m not sure ...
- Bainbrito replied Feb 1, 2024
Hi Pat! I’m glad to see you’re still at it. 2022 was a great year for trading cable, all one really had to do was look for short opportunities; now it is much harder and personally I haven’t traded cable since early 2023. Since then it’s been Dow ...
- Bainbrito replied Jan 31, 2024
Good points! I agree
- Bainbrito replied Jan 31, 2024
Okay, so today began with a loss. The entry wasn't too bad; however, in hindsight, I could have cut it earlier; even so, I stuck to to the plan and prefer not to micro-manage trades as, in my experience, this doesn't help long-term. The stop loss ...
- Bainbrito replied Jan 30, 2024
Mind the gap. When I look at a chart like this of today's trading, I can see that many of my entries and exits are far from perfect. I often get in too soon or too late, and often I get out too soon or too late. Sometimes, I add to winning trades ...
- Bainbrito replied Jan 28, 2024
I'd be interested in reading such a report, but I'm not sure if anything like it exists. I experimented once where I opened a position (0.01 lots) with a 10 pip stop loss and minimised the chart to look at the P/L display; as soon as the P/L went ...
- Bainbrito replied Jan 28, 2024
Why Being Wrong Feels Right Cognitive Dissonance comes from a tendency to seek consistency among attitudes, thoughts, and beliefs. When beliefs agree, there is consonance and a state of comfort results. When all the conditions for a trade are met ...
- Bainbrito replied Jan 26, 2024
Combinations and Permutations. When a problem concerns groups without any reference to order within the group, it is a problem in combinations. When a problem asks us to take arrangements into account, it is a problem in permutations. Permutations ...
- Bainbrito replied Jan 26, 2024
Direct Theory of Probability All problems commonly met within this branch turn on counting the number of ways in which events can occur. For example, what is the probability that three coins being tossed will all show heads? image There are 8 ...
- Bainbrito replied Jan 26, 2024
Probability and Profitability Theory Probability is often measured on a scale from zero to one, with zero representing an impossible event and one representing a certain event. Unity, marked 1, represents absolute certainty It is absolutely certain ...
- Bainbrito replied Jan 26, 2024
Lies, damned lies, and statistics Leave all hope, you who enter. My interest in statistics probably comes from my grandfather; I treasure his copy of Facts from Figures by M. J. Moroney which begins with the quote 'Lasciate ogni speranza, voi ...
- Bainbrito replied Jan 25, 2024
Forgiveness: I don't know if anyone else can relate but when I was in a losing trade I used to get into this circular logic where I would feel bad that I was losing the trade and because I felt bad that must mean it is my fault, therefore if am ...
- Bainbrito replied Jan 23, 2024
Thank you for sharing this, Rick.
- Bainbrito replied Jan 23, 2024
Thank you, this was such an interesting read, I am not familiar with options trading and have never heard of such a strategy before. It seems complex to grasp but once you understand how to effectively manage the scenarios on each side of the IC ...
- Bainbrito replied Jan 22, 2024
Hi Rick, I like Tom Hougaard a lot however I'm trying to avoid aping his approach and explore the subject independently. I can't deny I am inspired by him and think his success speaks for itself. Even so, I am definitely open to learning about ...