according to your post in the trading psychology - greed thread, hanover because the real edges dont fit into an EA, the human brain is the ultimate edge, the whole market is a collective decision process rolling over each tick, i don't see where ...

Self-help mentality

but that's exactly the use of psychology, execution is not secondary, it's mandatory for the edge to work itself out i agree that you need a system with favorable statistics, my point is there are enough of this systems, also they have different ...

Self-help mentality

buy euros when its all over the newspapers that the euro is doomed sell euros when its all over the newspapers that the eurozone is safe that maybe no long-term edge, but i believe there is no edge which works indefinitely, one must be adaptive a ...

Self-help mentality

effectiveness of a rule set in a specific environment

Self-help mentality

i don't understand why people always need to find an edge, i guess they rather mean holy grail not edge, since there are enough edges to reap money off the markets

Self-help mentality

i trade for a living and consistently profitable is what i want to be, i still make mistakes, but i'm going in the right direction, at least i hope so

Trading psychology - GREED - A trader's malady

yes, i care about pips, i have to pay pips for the information where i should get out if the trade is going against me, whether it will be in profit or loss, how much in money i pay is up to my risk threshold yes, i try to reach my daily targets, to ...

Trading psychology - GREED - A trader's malady

a simple way to overcome greed is to set your primary goal to be consistently profitable instead of make X pips in Y time trading is like the dakar challenge, making it to the end matters

Trading psychology - GREED - A trader's malady

nice, thanks! neck rotations & neck lifts ... OUCH!!!

What's your way to keep fit, strong and healthy?

lol, really ... no hard to beat, but i'll try: did you ever come home in the middle of the night, early morning, so drunk that you confused the refrigerator with the toilette because the light looked somewhat alike, booted up your computer, ...

How did trading change your life?

funny thing, i believe trading made me more stupid ... or maybe i just thought i was more intelligent before, and really wasn't?

How did trading change your life?

sorry, having a job is not that bad, ... if you like it!?

How did trading change your life?

how do you hedge your account? by having a job or what? how trading changed my life? - i drink tea, not coffee - i look at the shoes first, then at the legs, hips, torso, breast, the face at last - i save receipts like others save pennies - ...

How did trading change your life?

isn't it that you either buy or sell currencies/commodities/stocks/bonds, never the dollar per se? i don't know the answer to your question, but if i had to guess, all the banks, brokers, individuals, companies that own dollars make up the overall ...

Question about currency supplies

aren't all currency trades denominated in USD?

Question about currency supplies

USD = unlimited supply other currencies = not so unlimited

Question about currency supplies

after a second thought ... the main obstacle is the ego it's the one who's impatient, overanalyze everything you did, want to do or are about to do, the ego wants it all, thinks it knows it all, is greedy when there's no reason to trade, is fearfull ...

main obstacle for traders

i vote for patience ... but maybe its just me

main obstacle for traders

- environmental disaster - change in trade policy - technical traders - terrorist attacks - bursting bubbles - boom & busts - panic - greed - systemic failure - regulatory changes - social engineering - war - new technology - new financial vehicels ...

Order Flow - Achieving the mindset

the stop loss is really just the price to pay for exposure to possible market movement, the entry fee for a foreign exchange roller coaster ride. as i can never be sure that the trade will go in my direction, all i can do is to get out if it is not. ...

How to cut losses and letting winners run