Psychological Aspects of Trading from the Perspective of Successful Traders

Discussion in 'Psychology' started by expiated, Feb 15, 2025.

  1. expiated

    expiated

    Is Cognitive Dissonance Destroying Your Trading?

     
  2. nursebee

    nursebee

    Are they successful at anything other than uoutube?

    their 2024 yr in review did not review their year…

    I don’t trust them
     
  3. SunTrader

    SunTrader

    Squiggly line and blue dots (Parabolic SAR?) but ......... no indicators lol.
     
  4. no live trade room and no track record makes their claims pretty much worthless. They are just a sales room and you are right not to trust them.
     
  5. Handle123

    Handle123

    LOL, what messes up many traders is they constantly think about the money and have impossible dreams of grandeur. Many want to be rich without putting in the work. They think they are smarter than the 99.5% that put in heavy amount of hours/years who are successful.

    I came to trading as a challenge of me against me, took out several loans early on when i got into futures. In my beginning there was only handful of books on trading and no home PC's. Stocks were much easier to learn, fundamentals were more honest and now...but most hedge funds trade stocks most likely cause no fees and kept long term collecting dividends and covered calls. Do you see Buffet doing forex or Cattle?

    Am not saying all cause their very gifted traders on ET, they put in the work. There is just too much junk out there, youtube makes it worse, hand picked wins. Forex is a given you will most likely lose, spreads too wide and dealer makes the data. It is ok for long term. What is a better deal, if you think long term the Euro has bottom, open an account and transfer dollars into Euro but leave it in Euros, you can then trade Europe markets. When you think long term Euro has peaked, then convert back into dollars. So it is like having a future's position without paying rollovers for few years plus conversion fees stop to scalp DAX.

    Trading is often the "little things" you learn doing the hours.

    Enjoy the snowy weekend all, cept LA is 65 and humid.
     
    SimpleMeLike and ironchef like this.
  6. ironchef

    ironchef

    :thumbsup::thumbsup::thumbsup:
     
  7. SunTrader

    SunTrader

    85° partly sunny here in SFLA.
     
  8. MarkBrown

    MarkBrown

    there is no psychology to trading if you have a edge and use it properly.
     
    expiated likes this.
  9. ironchef

    ironchef

    What about from the perspective of an unsuccessful retail trader? :banghead::D:p:cool:
     
  10. expiated

    expiated

    Theoretically, I would agree, except I could see making the argument that there might be any number of traders who are using their edge properly who can, at least in part, chalk this up to possessing the right psychology.
     
    #10     Feb 17, 2025
    MarkBrown likes this.