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BrentinUtahsDixie wrote:
>
> RT's,
> This whole discussion reminds me of the search for RISK FREE trading(When
> you find it, you wont make or lose money!).
This goes to the core of the issue. Some of the desire to improve our
approach to trading is well founded ie. $ management, trade selection
etc. However I believe much of it comes from the fear of losing trades-
the failure to accept that losses are an INTEGRAL part of the game and
being okay with that in the real world of trading.
Every time I find myself attracted to a "new" something a little voice
warns me to be carefull not to get side tracked.
The way I implement and handle what I already "know" versus a seasoned
trader would be like chalk and cheese. I will only get the right kind of
experience by doing it over and over again.
This has been mentioned by some of the more experienced traders on this
list on many occassions.
This is about probabilities.
How true this is.
> One should never trade if he cannot say "I know that the probabilities are
> on my side". If an indicator helps you to "know" that, then OK. Debating
> trend following versus breakout systems is like debating whether apples or
> oranges are best.
> So many traders get soured on something and then they take up a crusade
> against it, why don't they spend their energy trying to find a better
> answer for themselves.
I agree. There literally hundreds of ways to trade successfully although
they would probably share certain characteristics.
>
> Best Regards,
> Brent
>
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