Full time traders
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
Anything will happen
But the more confidence you have in your edge and the more disciplined you are, the less toughness you need.
But the more confidence you have in your edge and the more disciplined you are, the less toughness you need.
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- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
Think most traders I know are pretty laid back and rely on their edge more than being mentally tough, not sure I'd call myself "mentally tough" and seem to do OK.
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
I'm not sure if I built my mental toughness or just didn't need so much.
tbh I prefer to leave things to bots these days, that way I can be as flakey as I want
I agree with you though....Winning is the easy part, it's getting kicked in the arse and giving it back that really tests your mettle.
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
Several decades of clogging up your serotonin receptors helps Nicely rounds off the corners of any emotional spikiness.
It might be more a case of not being mentally weak, or just having the mental fitness to cope with losses and not make the daft mistakes most of us made when we started out trading.spreadbetting wrote: ↑Wed Apr 24, 2019 3:39 pmThink most traders I know are pretty laid back and rely on their edge more than being mentally tough, not sure I'd call myself "mentally tough" and seem to do OK.
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- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
I don't think a lot of people realise just how easy it is either.
I think in fairness; anything is easy once you know how*spreadbetting wrote: ↑Thu Apr 25, 2019 6:31 pmI don't think a lot of people realise just how easy it is either.
The first step is not losing.
With automation and large sample sizes of bets, this is relatively easy as long as the initial entry is sound.
With book percentage close to 100% you wont lose much in developed markets betting at random and then honing and refining.
Id argue that it is harder doing things manually; each to their own
Regards
Peter
* Even Knowing how to do it isn't always enough; its about execution too. EG, I love playing snooker and know what to do, but getting over a 30 break still isn't easy after many years of playing!