More random thoughts...hey it is a weekend...we should all be relaxing...
What are the key ingredients to successful daytrading? Is it a high % rate of winning vs. losing trades, is it keeping a tight stop loss on losing trades, is it having a few big gainers that outweigh your cumulative losses - what is the goal to aim for - singles, doubles, triples or home runs.
Why is it that successful traders can not successfully share (or what they share is not absorbed as a "truth learned") their hard earned lessons - pass knowledge on and help prevent loss and discouragement in new traders - what is the weak link in the chain, the student, the teacher, or both - what makes this business so unique as to undermine the successful passing of the torch to other traders, are there any analogous methods in other businesses, ventures, sport, hobbies etc. Vadym you are a chess player, what is the most effective way to mentor, teach, expand the "vocabulary" and skill of a novice - are there any parallels in the study and teaching of chess. Is it that the history of modern daytrading is so short or is it that greed is so all consuming that it prevents new traders from embarking on a systematic approach to a trading education.
Why are there so many horror stories, are all the successful daytraders hoarding their secrets, or are there no secrets that transcend a lack of discipline and loss of emotional control, or do the basic skills or lack thereof transcend any secrets - trading system, holy grail, TA etc..
What would happen if 10 experienced traders were given 10 stocks that were guaranteed to have significant intraday oscillations on a given day, what would the outcome be, would all profit, would all lose,....I wonder...
Cormac |
