Registered: Jan 2008
12-13-08 09:35 PM
Quote from EricP:
Emotions (such as anger, fits of profanity, screams of joy, etc) are not in the toolbag of most successful traders.
Most the successful guys I know curse. When I"m expecting to lose $250 and some cocksucker sends in a 30,000 share order before I get out of my stock and I'm last in queue and print the low way through the market, and trade through an ECN because I was using a bad route... I will curse... that is normal.
a friend of mine is in a futures office full of extremely successful traders... high 6 and 7 fig guys... and they all scream and whine like little bitches, constantly! Based on the sounds they make, you'd think they're constantly getting their asses handed to them, but at the end of day, especially end of month, they're very very green... they have I guess a high standard for their performance, and motivate themselves by getting pissed off.
At the first firm I started with, the best trader in the group... he would always whine like a little girl, throw his keyboard and break it, bang the desk so that the guys to the side of him got frightened... and he'd sometimes do this when he only lost $40-100! But he was the most consistent and had the biggest numbers...
I'm guessing, since you trade automated, that having any kind of hissy fit really doesn't make sense... since the computer will take the next trade... even if you drop $100k, whining doesn't help. But for us discretionary scalpers, anger and cursing can be the norm and it is OK. We should get pissed when we lose too much money, if it helps motivate us to do better on the next trade.