|
PureBytes Links
Trading Reference Links
|
Thanks to the folks who replied.
This is a really good forum.
--- In equismetastock@xxxxxxxxxxxxxxx, "TecloGeo" <teclogeo@xxxx> wrote:
> 1) A lack of professionalism, self-confidence, self-esteem and
> discipline. At the opposite end, arrogance that because they read a few
> books they know everything. Laziness - a feeling that they are somehow
> "owed" success. Also, over-complication, a lack of perspective, too much
> back-testing, not enough walk-forward testing/real-time practise. The
> pitfalls are many.!
>
> 2) More theory, less time actually doing. Sounds like you've read
> enough books to be able to put together a workeable strategy by now!
>
> 3) Over-theorising. Lack of dedicated action.
>
> 4) There are plenty of experienced traders around here that can
help
> you out with just about any question.
>
>
>
> _____
>
> From: equismetastock@xxxxxxxxxxxxxxx
[mailto:equismetastock@xxxxxxxxxxxxxxx]
> On Behalf Of metastkuser
> Sent: Tuesday, June 14, 2005 5:24 PM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: [EquisMetaStock Group] Why do traders FAIL?
>
>
>
> I have a question (unrelated to Metastock) for the experienced traders
> on this forum.
>
> I have now read a dozen books on trading -- not the foo-foo books that
> promise $10M in the next trade, but ones by Tharp (my favorite),
> Chande, Le Beau, Stridsman, Elder, Covel, Schwager (and O'Neil,
> Link,...) and a couple of Tharp's IITM publications on money
> management etc. Will get to Kaufman next. And of course every issue of
> Roy's MSTT which are simply marvellous.
>
> I've put a couple of hopefully positive expectancy systems together
> (discretionary at this point so it's not easy to use the system
> tester). The systems have four stages: 1) setup (to identify market
> trend and stock trend but not entry), 2) entry (looks at timing), 3)
> exit and 4) money management. I have spent quite a bit of time on 3)
> and 4) because I believe they hold the key to being a successful
> trader. I use volatility as a significant determinant in all 4 stages.
>
> So I've done my homework. The odd thing is that none of this has been
> difficult to understand -- not just for me but I'm sure for anyone who
> takes the time and has some patience.... and now I am confused.
>
> 1) Why do so many traders fail? Have they not read these books?
> (Please don't reply that they are undercapitalized and/or they have
> the wrong psychology for trading).
>
> 2) What do reading the next 50 books buy me (besides the enjoyment of
> reading them)? Surely the law of diminshing returns kicks in right
> about now.
>
> 3) At this point, what would the typical causes of failure be?
>
> 4) This is a Metastock forum. Can someone point me to a more
> appropriate forum for this type of discussion (I have not found one).
>
> Thanks!!!
>
>
>
>
>
>
>
>
>
>
>
>
> _____
>
> Yahoo! Groups Links
>
> * To visit your group on the web, go to:
> http://groups.yahoo.com/group/equismetastock/
>
> * To unsubscribe from this group, send an email to:
> equismetastock-unsubscribe@xxxxxxxxxxxxxxx
> <mailto:equismetastock-unsubscribe@xxxxxxxxxxxxxxx?subject=Unsubscribe>
>
> * Your use of Yahoo! Groups is subject to the Yahoo!
> <http://docs.yahoo.com/info/terms/> Terms of Service.
------------------------ Yahoo! Groups Sponsor --------------------~-->
Has someone you know been affected by illness or disease?
Network for Good is THE place to support health awareness efforts!
http://us.click.yahoo.com/Rcy2bD/UOnJAA/cosFAA/BefplB/TM
--------------------------------------------------------------------~->
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
<*> To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|