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Old 09-22-2006, 10:47 AM
jackjones jackjones is offline
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Join Date: Jul 2006
Location: Australia, Perth
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Quote:
Originally Posted by Shahzadfx
Thank you for your post, are you talking about two contradicting positions or systems. Like if I m taking E/U short and G/U long, are they contradicting. I do consider this aspect. The only thing I like to care is to take the best setup. Trading is all about mind game. Some time bad trading strategies with good mind game (mm and good setup) is making money.
I trade on long term. I tried different strategies short term but due to time constrain now I day trade.
jackjones, learning is continues process, like TQM. If someone says he is done with his system means that his trading future is about to at end. Market is so dynamic, we have to adjust our strategies to accommodate with market changes. I don't rank traders as beginner, intermediate, and advance. I rank traders based on maturity. Some traders get mature within no time some takes years. It is all about how quick you become mature, and maturity is all about mind game. Get the trading styles which suited you get mature with that and make money. Trading is for making money not for losing, and one more thing we can not control market but we can control our discipline and money mgmt.
Get any trading strategies get mature with that and you will see it is for you.
Regards,
SFX
I agree 100%! ... I wish I was able to put it all into words sometimes but yes. The mind games will destroy you (position trading) and I don't mean to sound paranoid either. I think part of it is to over come the fear that you feel when it's not working as you expect. All you can do is adapt and if that means taking a "contradicting position" then I will as not all pairs are 100% correlated and not all pairs will continue to be... e/u g/u long and short though is a bit silly.

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