Imho, it takes both, just like anything else in life. Having the capacity without the motivation won't get you there, and vice-versa.

Are successful traders born or made?

Hi Cat, Excellent post (you've posted while I was writing)

Why thinking is bad for your trading

All right Gwan, I get what you meant. Hi Rob, You have answered your own doubt. Thinking too much (overthinking) is not good. Thinking should be put into a sound trading plan well before taking any trade. Executing the plan, requires controlled ...

Why thinking is bad for your trading

Hi guys, Gwan, I agree with what you say, except human not being able to do two things at once. Mikkk is right on that one. Take driving as an example. Drivers with experience are able to have a well paced coherent conversation while they drive. ...

Why thinking is bad for your trading

Hi Silat, My take #1 is that the majority does not have an understanding of crowd psychology. I believe this might be what you were thinking. Or not LOL. Anyway, I personally don't think this is the single most important thing that long-term ...

The one reason that trumps all other reasons why traders lose

“No, no, you're not thinking; you're just being logical.” - Niels Bohr

Trading Without a StopLoss

I wish you success and a nice weekend

Why Simple is better in trading and Complex is not

Hi Quidsey, Lovely thread you are running here! BRV style

Up and under price pattern

FerruFx quote brought me here. Anyway, boring to see the same old dead horse taking another beating... Check Myth #1 for explanation on why the reverse signals thing does not work: url

Need a reverse option on this EA

You'd be amazed how many caveats there are. Another here: url . So, let your account be the one telling you if you are OK. You've probably learn that from a Malcolm Gladwell book, 'Blink...' iirc. At least, he is the one author that generalized ...

Why Simple is better in trading and Complex is not

Well, then I hope for your sake that you belong to the minority of competent human traders.

Why Simple is better in trading and Complex is not

If I had to pick a single reason from those, I'd pick "Not being mentally prepared", cause that one precedes most other reasons.

5 Reasons Why Traders Lose

I don't code either, but I have friends who do, so I have some idea of how complicated, even impossible at times, it is to code seemingly simple concepts. Caveat emptor, most people do not make good traders. Be careful on which person you put your ...

Why Simple is better in trading and Complex is not

Yes, the few EAs that do work for long periods of time are usually based on simple concepts. That doesn't necessarily mean they were easy or simple to code though. Ah, but you miss the point! Any 'loser' can become a winner just by having a good EA ...

Why Simple is better in trading and Complex is not

Ok, TEB fair enough. I'll say it now, they'll have to eat those EAs faster then, because a few of them have been and continue to be consistently profitable for years now.

Why Simple is better in trading and Complex is not

Thanks for the detailed explanation. A picture is truly worth 1000 words Like Hanover and AimHigher, I too find Kelly criterion too aggressive. Most of my trades risk way less than 1%.

Does the martingale system really work?

Imho, your friend the programmer you were talking to is both right and wrong, and he is more wrong than right. Humans do have the potential to be by far better traders than EAs, but let me add a big caveat emptor here, humans also have the potential ...

Why Simple is better in trading and Complex is not

Alex, Thanks for your help

Igrok Method. Q's & A's. Comments, thoughts and ideas

Hi PipMeUp, Well, I'm not going to pretend to have understood everything you've wrote, as my statistics knowledge comes down to the basics. But from what I've understood, bottom line I agree with you. Basically, the strategy determines a strong ...

Does the martingale system really work?

Hi traders, I see traders often mentioning 'unpaid divergence debts', especially here on Igrok's thread. That has always intrigued me. Do divergence targets always have to be hit, or is it the case that they are valid only during a certain period of ...

Igrok Method. Q's & A's. Comments, thoughts and ideas