Is Trading Itself a Bad Trade? I Analyzed the Industry- Prove Me Wrong

Discussion in 'Trading' started by cityboy12, Feb 24, 2019.

  1. Yes. None of that surprises me. Were you in the military at some stage? Have you suffered some terrible trauma in your life? If you burn through shrinks then perhaps it is because they are telling you things that are too painful for you to bear. 30 seconds for self reflection sounds an excellent start. Well done you for making the effort.
     
    #371     Feb 27, 2019
  2. destriero

    destriero

    I was helped out of a third story (floor to ceiling) window when stationed in Marseille and gravely injured from the fall. 25 broken bones and my achilles was nearly severed. A few reconstructions and lots of PT. It hurt, Bro! Thanks for the support!

    No, you misunderstand. My exit shrink in Bethesda quit the profession after taking me on.
     
    #372     Feb 27, 2019
  3. themickey

    themickey

    Pest_on-steroids attempts to project an image on ET he alone is the alpha male.
    Historically he always attacks anyone who is dispaying trading accumen.
     
    #373     Feb 27, 2019
  4. Well you are doing the right thing. I think you mentioned Swedish blood? I imagine that could well bring its problems? I think depression and trouble with alcohol can be a big problem for those of Scandinavian origin. But hopefully you suffer from neither.
     
    #374     Feb 27, 2019
    murray t turtle likes this.
  5. %%
    Catchy Title Citi12; Zen And The Art of Archery. Fred Bear, founder of Bear Archery Co , loved to shoot instinctive; but most championships are won with sights/complex sight systems. Good things about investing in stocks; dividends + can turn that investment into a trade much easier than; turning a trade into an investment.:cool::cool:
     
    #375     Feb 27, 2019
  6. Was in the military. No trauma, no PSTD or other issues. No 'shrinks' and no issues of any shape or form. Some of the hard training I went through meant I had to develop mental resilience and strength of character and I relied on things like the teaching of Marcus Aurelius/stoicism to get me through.

    I would argue having a strong mind is essential. You do read a lot about trading psychology being crucial (and in most cases this pure charlatanry) but, from what I have seen on this forum (i.e. the emotional, envious and unbalanced posts) I cannot possibly see how any of the posters can handle the stress or risk required to be successful in trading or any other high pressure occupation for that matter.

    I would argue that the absolute first step everyone should do before even opening an account or buying screens is to sit down (for weeks if necessary) and truly understand why they want to trade. Then write down a list.

    When I was working with retail clients I would sometimes tell them before they opened an account to never place a trade unless they had a 'logical dispassionate reason' to do this . I was trying to save them from themselves (for ethical reasons- I actually made less money due to this).

    The vast majority would go on to compulsively trade based on addictive behaviour, hunches, emotional highs and lows etc. If you can't control that part of you...then that part of you will control you.
     
    Last edited: Feb 27, 2019
    #376     Feb 27, 2019
    murray t turtle and zenostiffler like this.
  7. destriero

    destriero

    I don't drink. Perhaps you should start?
     
    #377     Feb 27, 2019
    murray t turtle and zenostiffler like this.
  8. Well done you. Very sensible. No I don't drink or smoke.
     
    #378     Feb 27, 2019
    destriero likes this.
  9. ironchef

    ironchef

    Last time I checked, Einstein didn't graduate from a top university in the US or Europe, he wasn't teaching at a top university when he published his theory of relativity. In fact he was working in the patent office as a patent clerk.
     
    #379     Feb 27, 2019
  10. d08

    d08

    Wrong. If you're fed the wrong information by a supposed authority, it will be very damaging intellectually -- not to mention the loss of money and time.

    I still firmly believe no active trader spends time mentoring for pay, he shouldn't need the money and has better things to do with his time. I know of someone who was mentored but that was a friend doing the mentoring and I think no money exchanged hands. Very different.
     
    #380     Feb 27, 2019