feeling like the market is gainst you. whats the psychology behind it?

Discussion in 'Psychology' started by mute9003, Jul 26, 2024.

  1. themickey

    themickey

    The bible. Jesus will tell you all about his enemy. :)
    Mate - there's no fucking 'books' to tell you about; "...do ABC and your problem's are solved".
    Work it out yourself!
    If you're constantly getting trapped, then you must be radically reading the market wrong.
    Go back to the drawing board and start again is a suggestion. :)
     
    #11     Jul 26, 2024
    PPC likes this.
  2. mute9003

    mute9003

    Im not saying im feeling like that now.
    But it is fresh for me still when i used to feel like that
    I understand that the market doesnt wait for me to move
    But it feels like it sometimes
    im asking why noobs always get trapped.

    which one is it
    The pros understanding what noobs do and take advantage of that
    Or noobs falling into traps set by the pros.

    What is the psychology behind buying and selling at exactly the wrong time?
     
    #12     Jul 27, 2024
    PPC likes this.
  3. tomkat22

    tomkat22

    What you're perceiving as traps are usually just mistakes made by inexperienced traders. On any given trade there's like 20 mistakes that you can make and when you make one the market usually punishes you for it. Sure there are "entities" that are hoping new traders make those mistakes because they usually profit from it in one way or another.
     
    #13     Jul 27, 2024
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  4. oshjdf

    oshjdf

    Context is important (your direction analysis and entry) when discussing this.

    In general, you may take a look at measured move (you entry after price has reached measured move, thus require certain things to happen before you rejoin the move or you need different entry type) or trend dies usually during the period of your signal (e.g. >= 12pm nyt for intraday). All these requires statistical analysis. A lot of work.
     
    #14     Jul 27, 2024
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  5. comagnum

    comagnum

    Our worst enemy in the market you can see in the mirror.
    upload_2024-7-27_7-15-19.png
     
    #15     Jul 27, 2024
    themickey likes this.
  6. mute9003

    mute9003

    Everyone refers "market" as some magical entity that has its own intelligence. Why?
    Every trader treats market like its alive
     
    #16     Jul 27, 2024
    taowave likes this.
  7. tiddlywinks

    tiddlywinks

    It is the "collective knowledge", presented as a price.

     
    #17     Jul 27, 2024
    HawaiianIceberg and themickey like this.
  8. Zwaen

    Zwaen

    Underestimating volatility/noise, in combination with overestimating your fantasized edge
     
    #18     Jul 27, 2024
  9. The market is against you in a sense as a new trader because so much of what a new trader thinks is correct is going to place trades so late in the move.

    When I started, I thought I was supposed to see the move, something else would confirm the move would continue, then I get in, then because of that confirmation other participants would get in and then I get out with my profit.

    What happens instead is you see the move and what you think is confirmation that the move is going to continue is actually confirmation that the move has run its course so you get in thinking the above and the market reverses direction.

    It is especially bad when the confirmation is a news story or blog article. The new trader lacks conviction in their trade so sits on their hands but is finally motivated to act because a news article or blog post agrees with their thesis. So they finally get in but are basically the last ones to get in and the market instantly changes direction.
     
    #19     Jul 28, 2024
  10. I don't always agree with @tiddlywinks, but he hit the nail on the head in this thread.

    There is no they, there is only YOU.

    If you want to profit from directional moves in the market, then your focus should be to learn how the market moves most of the time. And when you've learned that and are good enough to recognize it in real time/in advance, you can profit from your knowledge and experience. Experience is important, because in your early years your brain isn't likely to be able to see what's happening until after the fact. And that's okay. If you can understand the market after the fact you're well on your way. Expected timeline to learn it would be somewhere around 10 years for a retail trader without a mentor, so for anyone who's considering it that's worth keeping in mind. For most people, though, it's more likely with 10 years of effort that doesn't lead anywhere in the end. Also worth keeping in mind.

    This isn't meant to be negative. It's meant to be realistic.

    The questions in this thread seems like a waste of time to me.
     
    #20     Jul 28, 2024