So, according to you (based on your actual experience and not theories), Luck factor is a non-entity and the trade & winning or loosing depends ONLY on the Individual's knowledge , training, strategies etc.
I have seen many make incredible efforts to study each of the scrips, how they shall perform etc etc and yet, they end making some mistake and loose money. This could be a nano second decision that may be against all the theories that have been learned.
Now we can say that it is lack of training or pure lack of luck (to have behaved irrationally).
There are also situations where inspite of best of the studies and a perfectly conscious trade went the opposite way for reasons that where never disclosed at the time of placing of order and could be relied completely. Here also we can say for argument sake that the person had not done proper study or should have got out once he learns about the reversal or can say that it was pure lack of luck.
In both cases, the person usually becomes numb due to confusion caused by the unexpected loss or potential huge loss and simply sits dumb out of fear from doing anything to stop the losses piling or taking active steps to reverse the losses.
Is it the limitation of Individual's brain to react in a debilitating manner or the emotional surge that cause the brain to behave such irrational manner?.
Either such person should not take up stock trading or is there any methodology to train themselves so that their brain can function is a way that is most appropriate for a trader?
One point though is that, some persons seems to end up making money though they may have any training or knowledge in stock markets and depend purely on their intuitive powers.
I have seen many make incredible efforts to study each of the scrips, how they shall perform etc etc and yet, they end making some mistake and loose money. This could be a nano second decision that may be against all the theories that have been learned.
Now we can say that it is lack of training or pure lack of luck (to have behaved irrationally).
There are also situations where inspite of best of the studies and a perfectly conscious trade went the opposite way for reasons that where never disclosed at the time of placing of order and could be relied completely. Here also we can say for argument sake that the person had not done proper study or should have got out once he learns about the reversal or can say that it was pure lack of luck.
In both cases, the person usually becomes numb due to confusion caused by the unexpected loss or potential huge loss and simply sits dumb out of fear from doing anything to stop the losses piling or taking active steps to reverse the losses.
Is it the limitation of Individual's brain to react in a debilitating manner or the emotional surge that cause the brain to behave such irrational manner?.
Either such person should not take up stock trading or is there any methodology to train themselves so that their brain can function is a way that is most appropriate for a trader?
One point though is that, some persons seems to end up making money though they may have any training or knowledge in stock markets and depend purely on their intuitive powers.
A professional and newbie will get same treatment from market, the difference is how they handle the 'treatment'.
A professional will loss <1% in those 60-70% scratch trades, make 10-50% returns on those 20% break even trades, and make 100-600% returns in those rare 10% outlier trades.
So the magic is not in 'training, intuition or luck or god's gift'...
the magic is in being prepared to handle the 'treatment' with plans, position sizing and having enough mastery to ride a trend...
This is just one sample, there are other type of professionals too with different set of win rate, win size, time frame etc. but hope you get the essence of the difference between professional and newbie traders.
Now how to change your losing trading pattern into the patterns of winning traders? That needs knowledge, understanding, training, execution perfection, MM, psychology... intuition is nothing but a super fast strong pattern recognition talent without effort full thinking, which comes after hours and hours of watching scripts/charts./market segment.
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