The most expensive bad habits

Discussion in 'Psychology' started by HungryMind1200, Aug 21, 2015.

  1. Speculate

    Speculate


    Please dont be a plum.

    Eurodollars dwarf CL and FX futs period. And dont bother saying you mean the interbank FX market as you dont have access to that. I dont care what your broker tells you. You only have access to your brokers liquidity as he's on the other side of your trades.

    Further more, making comments like yours tells me you are a small retail trader. Please. I doubt you really have to bother with volume and liquidity trading such small size. It just isnt a concern for you.

    If you mean 'active' you mean volatile, then again, you need to do a bit more thinking. Volatility can be a killer unless you understand what youre doing and whats driving the markets - and its clear many here dont. If they do, its never discussed.

    So why persist in foolish greed? Why not develop a professional, business like approach: Focus on making money with higher certainty with size over taking gambles seeking some sort of emotional high?
     
    Last edited: Aug 29, 2015
    #31     Aug 29, 2015
    Needless Promo and Jones75 like this.
  2. Can we have the website addy please? Thanks for sharing.
     
    #32     Sep 1, 2015
  3. I would appreciate if you can state your comments without calling people names. It's just not necessary. We are all here discussing about trading.

    And yes I am a "small retail trader" and am proud of it. Everybody starts somewhere and not everybody is Warren Buffet. But Just because my trading capital is "small", I still deserve the same respect as the rest of the traders. And your condescending comments toward "small retail traders" are uncalled for.

    And lastly, there are still ways to make money trading volatile instruments. It all depends on how you do it. Just because you don't know how to trade them doesn't mean that other people who do are "taking gambles" on "foolish greed".
     
    #33     Sep 1, 2015
  4. #34     Sep 5, 2015
  5. pinfire

    pinfire

    It is bad habit to trade again and again .Over trading is dangerous for traders. if they had full time to see market it does not means do trading all the time .Only trade in limited amount when you got your target do not trade again. Over trading will make you tired and bored.
     
    #35     Sep 8, 2015
  6. Herbert

    Herbert

    In reality, overtrading can be many things, but one thing is certain: ignoring the potential we have to overtrade will almost surely put us in the position where we have overtraded – and by the time we wake up to this fact, our equity is gone.
     
    #36     Nov 15, 2016
  7. not having a slut on each lap , because that would have prevented me from the phsychological need to be right , and trading , just for the sake of doing something
     
    #37     Nov 15, 2016
  8. Usually my issue is that I'm too far ahead of the curve and I predict gigantic trends months in advance, my mistake is being impatient and letting my confidence deteriorate.

    My other mistakes are usually taking risks on picks that I'm not very confident in the first place. I'd be better off avoiding taking more than 1/3rd exposure more than 2/3rds of the time.

    Making 2% per month is so easy but expecting 15% a month is usually very risky.
     
    #38     Nov 15, 2016