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Hi,
I am a student of the easy, still learning.
I do not claim to be a master of anything, let alone a master of the
difficult act of trading with the trend.
I am not a good enough trader to make money trading the trend - I leave
that to the masters of the difficult.
One of my personal problems, which I am actively working on, is a
tendency to look for others motivations. This is
self-destructive, as there is then an inclination to use such an (often
false) assumption as lens to evaluate what they say and do.
False conclusions, more a reflection of myself than reality, are the
result. In trading this means losses.
One of the advantages I find in the following three trading
styles:
- spread
trading,
- volatility
breakout trading,
- market
making,
is I need to make little or no projections. Even
if a forecast proves wrong, a higher probability trade becomes
available. In other words my predilection for false
assumptions through using motivation as a lens has little chance to
undermine my trading results.
Many other traders seem to suffer, to one degree or another, from my
problem of evaluation through a lens of presumed motivation - in fact it
seems to be a rare person that has mostly overcome this
tendency.
Perhaps that is why the majority of traders with consistent 50% plus
annual returns and limited draw-downs use one or more of the above three
trading styles.
But perhaps I am a master of one thing - a master of being wrong for I am
wrong so often, I must be getting expert at it - especially when I look
for others motivations.
And I do love being wrong - it is one of the best ways to
learn.
Unconditional regards, Ric.
www.traderscalm.com
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