cold feet after a successful period

Discussion in 'Psychology' started by kenten, Jun 10, 2009.

  1. Redneck

    Redneck

    Are you a trader or not??

    If you are then get back on your horse and ride it – otherwise go find another hobby


    It can be no other way

    Regards

    RN
     
    #11     Aug 27, 2009
  2. should have never have loss 25%
     
    #12     Aug 28, 2009
  3. elomich

    elomich

    Good, simple advice, yet hard to actually do in my opinion. But if you are not able to do it, in my book you are not a professional.

    On a side note, do you believe someone can become a successful trader if it is merely a hobby to them?
     
    #13     Aug 28, 2009
  4. kenten

    kenten

    that was pure ET gold.
    unfortunately didnt take the advice, i wld have 50 time more money , lots more tail , maybe some kind of addiction.
     
    #14     May 16, 2017
  5. %%
    Sounds like wise words,ken10;
    more reading......A 25 %% draWdown sounds fine; but do NOT compare monthy income to a monthly business loss.

    MUCH MORE TROUBLING TO ME WAS YOUR stock ''break even''FOR 10 YEARS .
    I had a much bigger draWdown+ loss than 25% my first year.I would not trade derivatives @all until i found out why a break even eocured , for 10 years; if you are gong with the main trend, most likely too much trading -commissions. Good question
     
    #15     Jun 14, 2017
  6. This should help

     
    #16     Aug 18, 2017