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Re: "Schadenfreude". *PIC*
By:TT
Date: Wednesday, 5 September 2007, 3:20 pm
In Response To: Re: "Schadenfreude". (coasttrader)

Hey, it's "The Freak of Forecasting". See enclosed pic. Don't feed it, please and keep your hands away from the cage.
Let's check a recent hilarious "essay" on trading:"Paper Trading vs. Real Trading"- by Rick Ratchford
"The only real way to know if your approach is going to hold water is in real trading. How do I define this? Simply, if you make real trades using real money, and your gains and losses are real."

Thanks, Rick. Yes ladies and gents he just defined what real trading is. Real money. What else could it be?

"Of course, this presents a problem to the new trader. Emotions will be higher than normal for the first dozen or so trades,..."

"First dozen trades..."? Rick, try the first dozen years. Real traders are real people with real emotions that never go away. You would know this if you really traded and then there's that sociopath thing.

"Just note how effective your method got you in and out of a trade, and if you usually exited with much more points than you were used as a stop-loss,..."

Oh, so you do recommend a stop loss when paper trading? And your exit SHOULD garner more points than your stop loss size. Expectancy, huh? Net positive trading? So you've done this yourself trading your turn dates. Richard, what's your average stop loss for one of your 20 markets you've taught over your 16 years of trading? A real trader would know this. How about your expectancy per trade for just ONE market for ONE year? Folks, "coastfaker" is stumped.

"Not until you have good control over these emotions should you even think about trading full contracts."

Again, traders don't control emotions, but use them. A soulless paper trader wouldn't know.

Messages In This Thread

Hmmm...Is it right to enjoy another's misfortune?
TT -- Monday, 25 December 2006, 9:53 am
"Schadenfreude".
TT -- Tuesday, 4 September 2007, 11:19 pm
Re: "Schadenfreude".
coasttrader -- Wednesday, 5 September 2007, 8:43 am
Re: "Schadenfreude". *PIC*
TT -- Wednesday, 5 September 2007, 3:20 pm
Re: "Schadenfreude".
coasttrader -- Wednesday, 5 September 2007, 4:29 pm
Re: "Schadenfreude".
rlk -- Wednesday, 5 September 2007, 4:56 pm
Re: "Schadenfreude".
coasttrader -- Wednesday, 5 September 2007, 5:01 pm
Re: "Schadenfreude".
TT -- Wednesday, 5 September 2007, 6:44 pm
Re: "Schadenfreude".
TT -- Wednesday, 5 September 2007, 6:42 pm
Re: "Schadenfreude".
coasttrader -- Wednesday, 5 September 2007, 8:15 pm
Re: "Schadenfreude".
TT -- Wednesday, 5 September 2007, 8:27 pm
Re: "Schadenfreude"./Another down month! LOL!
TT -- Monday, 10 September 2007, 6:11 pm
Re: "Schadenfreude"./Another down month! LOL!
Blind Hog -- Tuesday, 11 September 2007, 4:42 pm

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