Comments on: The art of NOT CARING

By: Chris Dunn

Chris Dunn — Wed, 17 Jun 2009 02:17:15 +0000

There’s another key metric- “Risk-Reward” or “Average Net Trade”. Most 80% “trading robots” have a 5/1 risk-to-reward ratios that make them unprofitable. My 1/3 risk-to-reward takes the pressure off having to be right…

By: atrickpay

atrickpay — Wed, 17 Jun 2009 00:40:45 +0000

“Heck, I’m wrong almost 50% of the time. But I know my risk management structure will make me profitable even if I’m right only 40% of the time.”
That is a very interesting point.

By: Chris Dunn

Chris Dunn — Fri, 17 Apr 2009 13:21:32 +0000

I agree… trading is so counter-intuitive to basic human behavior (for most people). If only we could switch off our emotions completely and become robots during our trading sessions! LOL
Take care Olivier,
Chris Dunn

By: Olivier Tischendorf

Olivier Tischendorf — Thu, 16 Apr 2009 23:29:06 +0000

Chris,
good posting. Exactly the kind of attitude required to be a successful trader. Something to keep in mind is that this journey is a marathon. Goes to show there are several good reasons to strive to be emotionally detached when it comes to trading.
All the best from Germany,
Olivier