Forum Archive Index - October 2003

[fntradingsolutions <fntrade@bigpond.net.au>]

If one knows ones self well  but not thine enemy, one can conquor many
times:
If one knows the enemy well but not thine self, one can conquor many times:
However if one knows ones self well and thine enemy well, one will always
conquor.

sun tsu
 Maybe not Black and White for you, however one day when your trading
reaches a level that pleases you both Financially
and satisfactorily, on that day you WILL choose black or White.

I have taken many years to develope my system. It suits me! Of course I lose
trades but the law of probability works in my favour. I enter a trade based
on my criteria, if the trade fails I immmediatly exit at a minimum loss. It
is akin to the theory of blackJack. You play for a Win or Breakeven point,
you try to eliminate loss. If you breakeven enough times then a Win must
come your way. i.e. A system must be developed over experience and time and
when that system reaches a level that suits the Trader then the Trader MUST
believe 100% in that system, otherwise it will never work.

 MONEY MANAGEMENT is the real key to being a successful trader. Knowing when
to enter a trader is great, However it pails into significence the ability
to know When Not to Trade and When to Exit if in a Trade and Most important
Cut your losses and let your profits run!!!!

Woody
----- Original Message -----
From: "Robin Benson" <rob@hammerheadmedia.co.uk>
To: <sharechat@sharechat.co.nz>
Sent: Monday, October 13, 2003 1:34 AM
Subject: Re: [sharechat] TA/FA Debate! Robin


> Hi Woody
>
> > If one does not believe 100% in ones trading system then one is a fool
> > to
> > trade.
>
> If this were true, it would be silly for people to experiment while
> developing their trading system. I suspect that many successful traders
> or investors try new strategies/systems without 100% knowledge that
> they will be successful. Again, no black and white for me. Emotional
> reactions to different scenarios (i.e. "know yourself") seems to be
> quite an important thing for traders. Maybe we're talking about similar
> things.
>
> > I make my decisions to trade based on MY research, MY system
>
> This is an admirable discipline. You have obviously taken time to
> develop your system and learnt to trust it. It seems to be worthy of
> your trust.
>
> > and I
> > must believe 100% in  that system or else I am wasting my time.
> > As for the religious analogy that in my opinion is very wrong.
> > Religion is
> > not trading, and if ones religion is trading then one has lost the
> > focus. To
> > me religion is for between myself and my God. It is my way of life>
> > Trading
> > is a passion and my way of income. After all fanatically religious
> > people
> > are called Fundamentalists!! arn't they?
>
> With respect, I think you misunderstood the analogy. I was simply
> pointing out that belief that there is only one approach to life, for
> example a religion, and the position that there is only one way to
> trade/invest (TA or FA for example), are equally misguided. Different
> people have different needs from the market, whether they are aware of
> them or not. For some people, a loss in trading is a lesson or an
> experience. Maybe they learn from their experiences. Maybe they don't.
> For some it is all about making as much money as possible. All or
> nothing. For others, perhaps like you, there is some
> enjoyment/challenge in participating in the market (an expression of
> desires, judgements, beliefs, etc., so a very "human" thing) and making
> a modest and comfortable income from this activity.
>
> Gianni Vattimo's "The End of Modernity" might be an interesting read
> for you.
>
> Regards
>
> Robin
>
>
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