Process should be the focus
"I will never go inplay, because it's always better to exit (here)" (cite, longterm backtest)
A good idea in general, though it might be the fact that it automatically 'reds up' that is the issue, unless it always manages to 'green up' in which case, can I buy it please...!
I find a COUPLE of beers CAN help my decision-making process in a positive way; its the 3rd, 4th and 5th that bugger it all up! 'hic!'invisiblelayer wrote: ↑Mon Mar 04, 2019 2:47 pmWouldn't even bother with putting even a tenner in if mixing boozing and gambling.
Going inplay is just like a position taking gambler chasing a loss, can't face a loss so think f@ck it. Nobody can help with that just yourself.
Reminds me of an old episode of Brainiac Science Abuse where they wanted to know: Does lager make you bad at sports?bennyboy351 wrote: ↑Wed Mar 06, 2019 7:49 pmI find a COUPLE of beers CAN help my decision-making process in a positive way; its the 3rd, 4th and 5th that bugger it all up! 'hic!'invisiblelayer wrote: ↑Mon Mar 04, 2019 2:47 pmWouldn't even bother with putting even a tenner in if mixing boozing and gambling.
Going inplay is just like a position taking gambler chasing a loss, can't face a loss so think f@ck it. Nobody can help with that just yourself.
I remember a similar one on a News type documentary many years ago at around the time the breathalyser was introduced where they wanted to show the effect of alcohol on your reactions and therefore your ability to drive safely. They put together a few reaction tests from a simple "press the button when the light flashes" to a more sophisticated (for then) fairground type of dummy car seat and controls in front of a large screen of the road where 'something' happened and the trialists had to react in the 'car'. So the experiment started with everyone doing the tests and their reaction times recorded. Then everyone had a drink and they did the tests again and then another drink and repeated the tests (I think 2 drinks was as far as they got but it may have been 3). Anyway the reaction times were faster the more the trialists had to drink! This gave them a bit of a problem for a live TV experiment so they put it down to familiarity as the tests were retaken. Someone from the audience did ask how you can become more familiar with a light flashing on but they didn't really get an answer to that!
I've done it … and lost it! But … for every loser there is a winner so … there has to be a way to win in-play or you would have nobody to lose to! The problem is finding that pot of gold without chasing a rainbow. I trader makes money in 2 types of markets … a trending market and a volatile market and one that can make money in one of those markets may not be able to make money in the other. I think to be successful in the IP markets you need to be very very fast … BOT fast. So you need an algorithm, the problem is discovering that algorithm, I haven't.
Interesting question is what it does to more 'cognitive' skills such as trading. And, of course, there's also the emotions aspect to consider. Guessing reducing inhibition is a risky area in relation to trading though as a general rule...?firlandsfarm wrote: ↑Thu Mar 07, 2019 7:38 amI remember a similar one on a News type documentary many years ago at around the time the breathalyser was introduced where they wanted to show the effect of alcohol on your reactions and therefore your ability to drive safely. They put together a few reaction tests from a simple "press the button when the light flashes" to a more sophisticated (for then) fairground type of dummy car seat and controls in front of a large screen of the road where 'something' happened and the trialists had to react in the 'car'. So the experiment started with everyone doing the tests and their reaction times recorded. Then everyone had a drink and they did the tests again and then another drink and repeated the tests (I think 2 drinks was as far as they got but it may have been 3). Anyway the reaction times were faster the more the trialists had to drink! This gave them a bit of a problem for a live TV experiment so they put it down to familiarity as the tests were retaken. Someone from the audience did ask how you can become more familiar with a light flashing on but they didn't really get an answer to that!
Agreed LeTiss, sorry if I implied otherwise but I get the feel there is a general shying away from IP trading in the forums. It is a very dangerous area and because of the volatility I suspect the book often goes under-round and then you are competing with the professional BOTs.LeTiss wrote: ↑Thu Mar 07, 2019 8:38 amI didn't say that it wasn't possible to make money IP - I trade IP a lot, but NOT with the level of stakes I use pre-event. The opening post here was about letting a bad trade go IP, because you cannot bring yourself to 'Red Up'. That is something many of us wrestle with, especially those who have gravitated to trading from punting