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You sure blabber alot considering your site is named Traderscalm.
Geez.
--- In realtraders@xxxx, ric ingram <ringram@xxxx> wrote:
> Hi,
>
> Imagine you have identified a particular market behaviour in your
favourite
> market.
>
> The behaviour occurs about once or twice a day, and is readily
> identified. A particular follow-up behaviour of your market
occurs with
> an almost uncanny 80% probability.
>
> You design a trading system to exploit these regular behaviours and
their
> common follow-up behaviours. You paper trade this for a few
months,
> back-test on 25 years data and feel you can make some money.
>
> You trade your system with real money, starting with very small
units, find
> there are some unexpected difficulties and you:
>
> - partly overcome the difficulties,
> - start making some money,
> - increase your trade size steadily,
> - have, on average 5 profitable trades a week,
> - have, on average 3 losing trades a week,
> - make good money after expenses.
>
> Would you feel any compulsion or need to share your market
behaviours or
> trading ideas with other traders with a view to helping others or
getting
> improvements suggested by others? Maybe.
>
> Would you find value in sharing example trades/series of trades for
the
> purpose of illustrating your system? Maybe.
>
> As you have many winning trades a week, would you feel any
compulsion or
> need to share an individual planned or successfully completed trade
with
> others for obtaining emotional strokes? No.
>
> As you have many losing trades a week, would you feel any
compulsion or
> need to share an individual failed trade with others for obtaining
> emotional strokes? No.
>
> So when you see others talking about one great victory or giving a
trade
> forecast or detailing a big losing trade they have made, what does
this
> tell you?
>
> Perhaps it suggests that they have avoided doing several things
first:
>
> - identifying their favourite market behaviours,
> - designing a trading system to exploit them,
> - thoroughly paper testing it on reasonably
extensive data,
> - trying it with real money using a small trade size,
> - refining their trading system,
> - making some money,
> - increasing trade size,
> - looking for improvements.
>
> Probably they have not done what you have done.
>
> And they take a suggestion that something else needs to be done
first as a
> challenge or a rejection.
>
> But what a suggestion to do something else first may in reality be
a
> constructive and well-intended description of the others needs.
>
> But, if not taken as such, this does not change the intention.
>
> Unconditional regards, Ric.
> www.traderscalm.com
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