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If someone starts flaming you PM me with a screenshot of the incident and I will ban them if its legit. Do not flame them back, it makes our work as admins harder figuring out who started it. So if you flame them back, you may get banned too.
@  ZeusDCS : (29 May 2017 - 03:52 PM) Everyone is entitled to an opinion
@  dasa : (29 May 2017 - 03:51 PM) It was an example of a bad deal bins = bad deal
@  ZeusDCS : (29 May 2017 - 03:51 PM) *to risk
@  ZeusDCS : (29 May 2017 - 03:51 PM) @dasa Read lower, i siad bins is a hobby of mine, not to risk 1M on an offshore broker would be stupidity
@  ZeusDCS : (29 May 2017 - 03:50 PM) @Barnabee As I said, EVERY business is a gamble
@  HAWK : (29 May 2017 - 03:42 PM) ;)
@  Barnabee : (29 May 2017 - 03:37 PM) the gamble is is theres world war and a nuke drops on his houses
@  Barnabee : (29 May 2017 - 03:37 PM) every business is not gambling, for example i know a person whos business is buying and renting houses, real estate is basically the safest business on the planet
@  dasa : (29 May 2017 - 03:01 PM) because why would any serious businessman risk for example 100000 of their money to win 80000
@  ZeusDCS : (29 May 2017 - 02:47 PM) Every business is a gamble, so why differentiate it
@  ZeusDCS : (29 May 2017 - 02:46 PM) Alright man, later
@  ZeusDCS : (29 May 2017 - 02:46 PM) Yea bins is basically gambling, that's no prob for me
@  Tripack : (29 May 2017 - 02:45 PM) tc
@  Tripack : (29 May 2017 - 02:45 PM) movie time :P
@  Tripack : (29 May 2017 - 02:45 PM) Oh boy I better stop here I start to sound like loot, lol
@  Tripack : (29 May 2017 - 02:43 PM) when does dealing with money ends being a gamble ?
@  Tripack : (29 May 2017 - 02:42 PM) ok there seems to be a general disconnect between gambling vs hobby, or maube gambling can be a hobby
@  ZeusDCS : (29 May 2017 - 02:41 PM) heh
@  ZeusDCS : (29 May 2017 - 02:41 PM) So how I can stomp you as well?
@  ZeusDCS : (29 May 2017 - 02:41 PM) Yes, bins will be there to make some money

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I did it again :(


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#61 PaititiGold

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Posted 26 December 2016 - 06:27 PM

Read hanover's myth #15, #17 and #20, and alphaomega's excellent post http://www.forexfact...ad.php?t=273035 and his excellent thread here
http://www.forexfact...ad.php?t=566056

that deals deeper into the subject of psychology. Unfortunately many get it incorrect often quoting Mark Douglas superficially without proper understanding.

#62 BrianC

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Posted 29 December 2016 - 04:26 AM

Well it is not black or white, that's for sure, and while I agree on some of the points hanover makes, it really depends on where each trader is on his way to become a successful trader. It is not about putting psychology vs edge/strat in a useless attempt to find out which is more important. To me it was about finding my edge/strat, and once I had that, then work on my discipline/psychology, which for sure has been, is, the most difficult part for me, and it seems to be so for many people. It doesn't make sense to keep searching for others and better strats, and demoing them over and over again, if the real problem is that your state of mind prevents you from being successful on the long term on a live account with any of those strats.

 

Psychology, state of mind, is not the most important factor, but it is probably the one that newbies are less aware about, or less willing to spent time improving, and maybe that is what turns it into the biggest reason for failure for many people.


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