"End Game" Fututres Trading Message Board

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Non-Tech : "End Game" Fututres Trading

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From: Sojourner Smith	5/30/2006 6:30:23 PM
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I ask: Are you considering buying a trading course or are you fed up with them? Most courses are based on a mechanical entry, exit, and stop loss. (And most, that I have seen in practice, drift from the mechanical discipline and especially fudge on the stops.) Some examples I have seen: Combination of lagging technical indicators Pivot points Historical patterns Time of day reversals Many systems, like I described above, have to make the biggest moves when they are right - to make up for the stop losses when they are wrong. Well, my experience (and probably yours) is that they do not succeed at their goal. If they do, they eventually take a big hit. I have only seen a few people (out of hundreds) succeed using the above methods. They told me to just think about the trade, and not about the money. In other words, ignore losses and just stay with the plan. The best day trader I ever saw, gave much of the credit of his success to his trading psychologist.

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