Impulse Trading

Discussion in 'Psychology' started by miracletech, Dec 30, 2008.

  1. JEB


    Interesting perspective. Though I am in no way an expert on psychology, from personal experience I believe that the urge to impulse trade has similarities to urges to engage in other self-destructive activities.

    The tricky part, as you point out, is to catch yourself before engaging in these activities. Easier said than done!

  2. Impulse trading is basically the inability to recognize a faulty trading method. If out of 20 trades using a strategy you lose money you will most likely lose money with 500 trades using the same strategy. Impulse traders who recognize that they keep doing it shouldn't even think about buying and selling a stock or anything else within the same day.
  3. My biggest shortcoming in trading of all..... the BEAST... thanks for the write-up