What would you consider impetus behind market movement? nice post but not sure I understand... Hey 4D, no biggie... all of our accounts will go to zero at the END anyway. good trading.
haha, I don't think talking has any impact on me. But I feel my talk may have some negative impact on those who are in the same boat as me, so I've come to post some of my thoughts. I don't want them to be discouraged by my talk of quitting. Trading success can be achieved, it's not rocket science fortunately. But it's unfortunate in the mean time that trading is unlike rocket science, because it involves human emotions. I cannot over-emphasize human emotions' role in trading. Every trading day is a fight with your emotions. Different people have different levels of intensity of emotions. It happens that I am an extremely competitive person. It's good for other things, but very bad for trading. Here is the logical sequence: competitiveness = ambition = greed. If you have traded a few months, you know greed is very detrimental to your trading. And greed is not the only emotion you need to deal with. In one sentence, trading is not about the market, it's about yourself. Next time, you see an only child attempting trading, tell him to stop. A child growing up in a family of at least 3 children may have a chance. An only child is just too damn controlling, competitive, greedy...... While I have your attention, what do you think of my losing $10,000 in one week by trading 10 contracts of NQ: $2000, $3000, $4000, $1000? Is it a big deal?
Don't give up yet. It took me 8 years just to find out what type of a trader I am. You have to give it more time. 1 year is nothing. You have to discover your personality first.
Interesting " An only child is just too damn controlling, competitive, greedy......" Never heard this before. As far as what you lost in the NQ that depends on your net worth. If you have 100k and lost 10 then not the end of the world. If you have under 50k and lost money like that then not a good thing. Best of luck in whatever career you choose.
Does anyone else here actually think that having a highly competitive personality is a <b>negative</b> trait for a trader to have?!
Kill this thread, 4D is done and so is this thread. 4D, next time trade small, an repeat 4 times, discipline, discipline, discipline, discipline. 4D Over and out,, EF
I thought that was a strange observation as well. I cannot think of any worthwhile pursuit where a competitive personality is a disadvantage.