You're really into movies and TV, aren't you? I think maybe I see the problem. I hate to break it to you, maybe your shrink is afraid you're not ready for this, but here goes: life is not like TV and the movies. That's a good quote you've pulled up. ...

Psychology is nothing

[/B] You're totally wrong. I base all my life decisions on Jerry Springer show. I've learned so much from it..... It's probably because your system is not totally defined. Look at any FF thread on a system. The first 20 posts are ooooohhh! ahhhhh! ...

Psychology is nothing

Give 10 cooks the same recipe, will all the dishes taste the same?

Psychology is nothing

It's a term that I believe was first used in athletics. When a player's "in the zone" they're pretty much outside their body, performing at their peak or beyond, have no fear, feel no pain, seem almost invincible, can't miss a shot, etc.. Over the ...

Psychology is nothing

Absolutely. Expectancy = (% winners * average gain) - (% losers * average loss) or (number of winners * average gain) - (number of losers * average loss) If your average loss is 50 pips and your average gain is 5, you will lose.

Psychology is nothing

We know it is not possible to have a system that could never lose. We know it is possible to make consistent profits. People do this. So why is it necessary to "never lose" in order to maintain composure? Isn't it good enough to know that you will ...

Psychology is nothing

This is so simple, it's funny how it's going over all the psych fans' heads. I'm going to run with your analogy. Let's say someone wanted to start a restaurant. But most of what they cooked was inedible. They looked around and said, "the problem is, ...

Psychology is nothing

I agree that you have to make your trading decisions sound and let the pips fall where they may, even if the brokers play their dirty tricks. I doubt he meant his stops specifically. Brokers most definitely run stops when there are many piled up ...

Do you hedge?

Great thread overall, and good post here. Just happened across it. A smart viewpoint on hedging. I disagree that it's free, you pay the spread again. url

Do you hedge?

c4 That's a good possibility. I did read a post by someone, somewhere, once, who said he lost at forex for years and years and never made any money until he started using automated trading -- but that he closely monitored it and killed any obviously ...

Can an automated trading system really work?

I agree with Norman. Programming would only help if you have a proven system but are not able to trade it for whatever reason. Maybe it requires 24 hour monitoring, maybe it requires trading at a time when you must sleep. Or, maybe it is ...

Can an automated trading system really work?

Thank you again, ubeee! You have hit the nail on the head, over and over! This is exactly what I was trying to say. It's wrong to tell traders it's all in their head! There's simply something, or many things, they don't know how to do. Profitable ...

Psychology is nothing

It's just arithmetic, James. Relax. When my account gets to 6 or 7 figures, I will know that I'm a good trader. I will continue to execute my system the same as I did for years, to get to that point. If you risk less of the account on a % basis, you ...

Psychology is nothing

You bring up a very good point. An objective person would have to say that anytime someone rants as much about something as I have about this, there must be something there. Everyone has "demons" that hold them back, in trading, and in life. The ...

Psychology is nothing

Why? If you use proper position sizing, why does it matter how big the trade ends up being? You risk 2% of your account. If that's 2 dollars, or 2 million, it's still 2%. If you have 2 million on the trade, it means you have 100 million in the ...

Psychology is nothing

Why would it have to be the holy grail? If a trader knows a technique that has a positive expectancy, then why the drama? Just do your freaking job. I guess it is like anything else in life. Some people need the drama. Otherwise, why would we be on ...

Psychology is nothing

Man, I do envy your energy and positive outlook. You always sound like you're bouncing off the walls (in a good way). That certainly doesn't hurt the learning process any. But, back to my point, that won't make you a trader. Only learning to trade ...

Psychology is nothing

How so? I don't get your point. And you definitely didn't get mine. My point was, before I established a system to deal with that one thing, emotion ruled. Now that I made a decision that I know the right way to do it, emotion will never again ...

Psychology is nothing

Along with that, he's not even using the system! Rub salt in it!

Have strategy -- Need EA programmed