Good observations. Unnecessary actions indeed may harm more than idleness at times.
There's rake in every online poker room or offline poker room, otherwise there's no economical reason to do that for casino. That effectively is...
Right. Easier to make money when you don't do it by taking it from someone not willing to give it to you.
Of course poker does have commissions, aka rake.
That's one of the biggest drawbacks of trading. It's a labor, not a business, which runs whether you work, sleep or dive on the reef (which I did...
Very true. Moreover, the world is getting more globalized and more competitive. Nobody with average skill is comfortable anymore since someone...
That's the case with overall population. About the same % think they are smarter than an average person. :)
Lifestyle is up to a person, but one thing is sure: one should invest, not just save the money. The best state is when you won't even know exactly...
Yea it looks to me to have a decent edge a trader better be ahead of the public. As something is widely known, consider it gone. I had this...
That relates much to my own interest (other than monetary) in financial markets. Understanding the dynamics really makes you very informed and...
My professional background is psychology (MA and practice) and philosophy (near PhD). Not sure how useful in trading compared to math/physics...
Good if you always stick to the rule. Problem with trading is possible development of addiction, which leads to catastrophic results. Same result...
Very interesting point of view, StarDust, thanks a lot for that. With my background being quite different however, I have to talk with my father...
I hear you, but is your "flow" trading state possible to code as a logical algorithm or a set of conscious rules or it is mostly unconscious process?
Very interesting story, StarDust, thanks for that. Could you please elaborate: you consider risk management and psychology to be primary elements...
Most people don't objectively know why they don't. :D
Mostly computers and big institutional money.
Objectively defined system (set of rules for entering/exiting the market, covering every possible condition), which provides positive expectation...
Well applied psychology is key to higher life quality. Well applied money management is key to financial freedom. But key to successful trading...
As far as our limitations would allow. :) True, this is a process with two-way feedback. Of course. In my system of beliefs I found day...
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