• Site Home
  • A Reality Check
  • Blog Posts
  • Store
  • About
  • Contact Us
Blog

How do you talk to the market? – Do you demand or do you ask?

by Osikani Leave a Comment

There are really only 2 ways to look at the market.

One is: “This is how much I want to make, and this is how much I want to risk, because my guru told me to always use a 3:1 ratio.” So give me 600 ticks/pips, because my stop loss is 200 ticks/pips.

The other way is: “I do not know how many ticks/pips I can get on this trade, but how many ticks/pips are you willing to give me, Ms. Market? When I know that, I will decide if this is a good enough trade to take.”

Does the market care about your demands?

Unfortunately, the market does not really care about what we feel, or how much we want to make on the next trade. The market will do whatever it damn well pleases, and those who insist on putting it into a box, usually finally learn that the market is a capricious mistress, out to take their money, and that it usually does so.

In another place and time, I used to do the former, and lost an arm and a leg.  Ms. Market sure as hell took me to the cleaners then: after all, she is a capricious mistress. I once was a losing trader, and I do not hide that information. Now I do the latter, with results that are much more to my liking.

Do you intend to reconsider your approach?

Nobody has a birth certificate that says “Trader” on it. If you want to be a consistently successful trader, you obviously have to learn a good deal about the markets, and even possibly, about trading tools.

Mostly, however,  you will find that you are going to have to learn a great deal about yourself! Trading takes no prisoners: it just obliterates those who do not treat trading with respect.

The NFA statistics say that more than 90% of retail trading accounts are closed within a year of being opened, because the traders who opened them have lost most, if not all, of the money in the account. That is a sobering statistic that apparently has been a fairly steady number for a long while. What this statistic tells us, is that people beginning to trade are either not hearing that statistic, or they do not believe that it applies to them. Obviously, it applies to all of us. If you do not find a way to control your losses, they will eat you alive!

How do you speak to the market? Let me know in the comments below.

If you liked this content, why not share it?
Posted in: Articles, Trading Methods Tagged: attitude, psychology, respect, reward, risk, taking profits
← The Basics for a successful trading method
Trading with Expectation/Expected Value – Part 3a: Find the Target before you enter the trade →
> Articles > How do you talk to the market? – Do you demand or do you ask?

Search the Blog

Recent Posts

  • Trading with Expectation/Expected Value – Part 3b: What Price Behavior Shall We Trade?
  • Trading with Expectation/Expected Value – Part 3a: Find the Target before you enter the trade
  • How do you talk to the market? – Do you demand or do you ask?
  • The Basics for a successful trading method
  • What win rate do you require to make you profitable?

Categories

  • Articles (7)
  • Chart (1)
    • Bars (1)
  • Price Action (11)
  • Statistics (10)
  • Strategies (9)
  • Trading Methods (14)

Archives

  • May 2017 (1)
  • March 2017 (5)
  • February 2017 (7)
  • January 2017 (3)

Recent Comments

  • chico on What does it mean to “trade well”? – Part 1
  • Daniel on Trading with Expectation/Expected Value – Part 3b: What Price Behavior Shall We Trade?
  • Osikani on Trading with Expectation/Expected Value – Part 3b: What Price Behavior Shall We Trade?
  • Daniel on Trading with Expectation/Expected Value – Part 3b: What Price Behavior Shall We Trade?
  • Osikani on What does it mean to “trade well”? – Part 2 – Money Management and Risk Control

U.S. Government Required Disclaimer - Commodity Futures Trading Commission
Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This, and all other information on our website, is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

What we do

OmegaSigma Tradecraft uses NinjaTrader, and NinjaScript to develop innovative software, and execution solutions, for professional traders.

We develop indicators and automated strategies for any price or volume based market event, such as indicator actions like crossovers, volume spikes, or candlestick formations. We, at this time, do not provide any solutions to news-driven events, not even an unconditional quick exit before the event.

Trading Tools

  • All Indicators
  • Osi Exit Suite
  • Osi Ichimoku
  • Osi Bars Suite

Company

  • Home
  • Developments and News
  • Indicators
  • About Us
  • Contact Us

Partners

  • NinjaTrader Platform

Legal Stuff

  • Full Disclaimer
  • Terms and Conditions
  • Refund Policy
  • Privacy Policy

Links

Copyright © 2016-2021 OmegaSigma Tradecraft. All Rights Reserved.

Omega-Custom Theme, as modified by Osikani