scout, average cost, foreign capital, managing your position
- Joined Oct 2007 | Status: Former institutional dogsbody | 1,253 Posts
I'm not trying to convince anyone. I'm not in the "convincing" business.
would this silly system work 6 replies
Here's a REALLY SILLY question! 9 replies
Silly question 3 replies
Silly question for exp concerning math with double 12 replies
DislikedI believe that mindset #3 is something like a 'zen' state, where the trader becomes totally focused on the market, rather than basing his decisions on the results of prior trades, or his P/L. I see it as being a little like blackjack, where the correct play is always to play the cards in front of you, and the relevant probabilities; it has nothing to do with the result of previous hands, or your P/L for the session. The market takes no cognizance of the trader's P/L, therefore there's no mathematical edge in making P/L-based decisions.Ignored
DislikedSeneca_pilot sums it up thus: {quote} I'm trying to work toward mindset #3 myself. Intellectually, the concept is simple enough; existentially, it's not quite so easy. Cheers & profits, DavidIgnored