Comments on: Outlook Cloudy with a Chance of Bias http://www.triffx.com/trading_psychology/cloudy-with-a-chance-of-bias/ Developing Terrific People into Terrific Traders Mon, 07 Mar 2011 19:50:33 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Triffany Hammond http://www.triffx.com/trading_psychology/cloudy-with-a-chance-of-bias/comment-page-1/#comment-1153 Triffany Hammond Wed, 23 Jun 2010 12:57:31 +0000 http://www.triffx.com/?p=1862#comment-1153 I actually trade better because of my bias. Well, usually. I think especially because I'm a long term trader first finding that big direction has helped me play strong when I'm with that momentum and more conservative when I'm against it. It seems to me that the longer timeframe you go in your trading system, the more a bias becomes prevalent ...and necessary. But I've never known any trader who hasn't had some kind of bias - even when they're willing to trade against it. I actually trade better because of my bias. Well, usually. I think especially because I’m a long term trader first finding that big direction has helped me play strong when I’m with that momentum and more conservative when I’m against it.

It seems to me that the longer timeframe you go in your trading system, the more a bias becomes prevalent …and necessary.

But I’ve never known any trader who hasn’t had some kind of bias – even when they’re willing to trade against it.

]]> By: Triffany Hammond http://www.triffx.com/trading_psychology/cloudy-with-a-chance-of-bias/comment-page-1/#comment-1152 Triffany Hammond Wed, 23 Jun 2010 12:52:17 +0000 http://www.triffx.com/?p=1862#comment-1152 SO true! No matter the reason (bias, fear, fatigue, emotional marketplace,etc.) if you don't see what you need to take a trade you feel confident about...just grab some popcorn and watch the show! ;) SO true! No matter the reason (bias, fear, fatigue, emotional marketplace,etc.) if you don’t see what you need to take a trade you feel confident about…just grab some popcorn and watch the show! ;)

]]> By: Aby David http://www.triffx.com/trading_psychology/cloudy-with-a-chance-of-bias/comment-page-1/#comment-1151 Aby David Wed, 23 Jun 2010 09:34:40 +0000 http://www.triffx.com/?p=1862#comment-1151 Oops I stopped getting email updates on new posts for some reason, so now I am suddenly catching up ... My lingering question to Triffany, who is also a long time long term trader ... how have you found sticking without a bias when trading the longer term charts ? I've always found myself having to take a bias on a signal and having to stick with my bias eventhough I am fundementally whipped from side to side, and if i didn't stick to my bias i would mismanage my trade, either I'm in for the long haul or I'll be in and out at every wave of the move ? Is it possible to not be biased ? Oops I stopped getting email updates on new posts for some reason, so now I am suddenly catching up …

My lingering question to Triffany, who is also a long time long term trader … how have you found sticking without a bias when trading the longer term charts ? I’ve always found myself having to take a bias on a signal and having to stick with my bias eventhough I am fundementally whipped from side to side, and if i didn’t stick to my bias i would mismanage my trade, either I’m in for the long haul or I’ll be in and out at every wave of the move ? Is it possible to not be biased ?

]]> By: yaqui http://www.triffx.com/trading_psychology/cloudy-with-a-chance-of-bias/comment-page-1/#comment-1142 yaqui Fri, 18 Jun 2010 11:35:09 +0000 http://www.triffx.com/?p=1862#comment-1142 No Meatballs today?? ;) Great post and topic!! I admit it's a challenge sometimes, to be predictive in my analysis but not in my execution. Trade what you see, not what you think right! This is a dance where the market always leads and if I'm unable to follow, then I'll happily sit out. I know that there's always another opportunity, and I never have to swing if I don't want. Patience definitely pays, the right pitch will come. If in doubt stay out right? It can be a painful lesson to learn, but it's *always* better to be out of the market wishing you were in, than in the market wishing you were out. ;) Time to enjoy the World Cup now for me... PS. Tornado-chasing, now that would be a thrill!! No Meatballs today?? ;)
Great post and topic!!

I admit it’s a challenge sometimes, to be predictive in my analysis but not in my execution. Trade what you see, not what you think right!

This is a dance where the market always leads and if I’m unable to follow, then I’ll happily sit out. I know that there’s always another opportunity, and I never have to swing if I don’t want. Patience definitely pays, the right pitch will come. If in doubt stay out right?

It can be a painful lesson to learn, but it’s *always* better to be out of the market wishing you were in, than in the market wishing you were out. ;)

Time to enjoy the World Cup now for me…

PS. Tornado-chasing, now that would be a thrill!!

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