Alan,
When I do a lot of trades I am experiencing minimal adrenaline rush. It is when I only do a few trades that I get really tense, heart pumping etc. One book I read advised the following system:
1. Identify opportunity
2. Take action automatically
3. Feel good about the trade
This is what I do. By trading a lot I am teaching myself to execute automatically. I feel this is critical because I have lost way more money on trades that I identified but failed to enter than on ones on entered and had to stop out.
I disagree with the motives you attribute to dealers, ie, that they are trying to suck us in to trading a lot by making the software like a video game. I have never been interested in video games, for one thing. Realtick 3 in my opinion is purely designed to provide the best and fastest information and the fastest executions possible. Period. People who treat it like a video game, well, they'd obviously be better off playing real video games.
If you are a technical analyst and position trader, you are into a whole different world than that of daytrading. My TA consists of the basics. I am not interested in Eliot Wave Theory, triangles or any of that other stuff. It is useless to day trading. So if you disapprove of day trading, then, fine. You are entitled to your view.
Rick |
