Mario Draghi In response to a frrvently curious female cnbc chattrely. We have decided it was enough, period!
Very few people can acknowledge own mistakes, and it accounts for why there are so few consistent winners.
As the size of a traders position increases, the width of our bridge over the Grand Canyon narrows. In the case of the large bond trader, the bridge has narrowed to the size of a thin wire. Obviously, he has to be extremely well-balanced and very focused on each step that he takes. The slightest misstep or gust of wind could cause him to fall off the wire. Next stop, one mile down.
Now, when he's in the trading pit, that tiny misstep or slight gust of wind is the equivalent to one distracting thought. That's all, just a thought or anything else where he allows himself to lose his focus for even a second or two. In that moment of distraction, he could miss his last favorable opportunity to liquidate his position.
The next price level with enough volume to take him out of his trade could be several tics away, either creating a huge loss or forcing him to give a substantial winning trade back to the market.
If producing consistent results is a function of eliminating errors, then it is an understatement to say that you will encounter great difficulty in achieving your objective if you can't acknowledge a mistake.
Now, when he's in the trading pit, that tiny misstep or slight gust of wind is the equivalent to one distracting thought. That's all, just a thought or anything else where he allows himself to lose his focus for even a second or two. In that moment of distraction, he could miss his last favorable opportunity to liquidate his position.
The next price level with enough volume to take him out of his trade could be several tics away, either creating a huge loss or forcing him to give a substantial winning trade back to the market.
If producing consistent results is a function of eliminating errors, then it is an understatement to say that you will encounter great difficulty in achieving your objective if you can't acknowledge a mistake.
The trader's Abilities
1. Trade without fear or overconfidence.
2. Perceive what the market is offering from its perspective.
3. Stay completely focused in the “now moment opportunity flow”.
4. Spontaneously enter the Zone – a strong virtually unshakeable belief in
an certain outcome with an edge in your favour.
1. Trade without fear or overconfidence.
2. Perceive what the market is offering from its perspective.
3. Stay completely focused in the “now moment opportunity flow”.
4. Spontaneously enter the Zone – a strong virtually unshakeable belief in
an certain outcome with an edge in your favour.
The trader's mindset.
1. Anything can happen.
2. You do not need to know what is going to happen in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge.
4. An edge is an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.
1. Anything can happen.
2. You do not need to know what is going to happen in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge.
4. An edge is an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.
What is trading? It's all about one fundamental belief. The belief in uncertainty. They believe (accept) without a shred of doubt or internal conflict that anything can happen. By Mark Douglas.
Thinking in probability.
The best traders, casino owners and experienced professional gamblers understand, accept and believe that
Events that have probable outcomes can produce consistent result If you can get odds at your favour and there is a large enough sample size.
By Mark Douglas, Trading In Zone.
The best traders, casino owners and experienced professional gamblers understand, accept and believe that
Events that have probable outcomes can produce consistent result If you can get odds at your favour and there is a large enough sample size.
By Mark Douglas, Trading In Zone.
Ma guarda intorno a te. Che doni ti hanno fatto. Ti hanno inventate IL MARE. Meraviglioso ... 'Meraviglioso' di Riccardo Pazzaglia.
Ma guarda intorno a te. Che doni ti hanno fatto. Ti hanno inventate IL MARE. Meraviglioso ... 'Meraviglioso' di Negramaro
Russia: Genesis.
God created World and next week was walking along coastline of Baltic Sea. He was very hungry and saw a herring. It was not fresh but was semi-decomposed. However, God had the courage to taste it. In few hours, he had a horrible diarrhea. So horrible that even Adam and Eva could scent it in Edam.
When they went at sea, they could see mountains of liquid excrements with worms and flies drilling tunnels through. They were so numerous that one worm succeeded to penetrate Eva’s womb. She instantly became pregnant. The months passed and she gave the life to a boy and endowed him with the name Ivan (short I am van means empty) since she did not comprise how she could get pregnant without having sex.
The first Russian bogan or white trash was born.
Such was the Russian’s nation origination.
God created World and next week was walking along coastline of Baltic Sea. He was very hungry and saw a herring. It was not fresh but was semi-decomposed. However, God had the courage to taste it. In few hours, he had a horrible diarrhea. So horrible that even Adam and Eva could scent it in Edam.
When they went at sea, they could see mountains of liquid excrements with worms and flies drilling tunnels through. They were so numerous that one worm succeeded to penetrate Eva’s womb. She instantly became pregnant. The months passed and she gave the life to a boy and endowed him with the name Ivan (short I am van means empty) since she did not comprise how she could get pregnant without having sex.
The first Russian bogan or white trash was born.
Such was the Russian’s nation origination.