What is your biggest weakness when it comes day trading?

Discussion in 'Trading' started by STOCKKBROKER, May 23, 2013.

What is your biggest weakness?

  1. Over trading

    9 vote(s)
  2. Not patient enough

    16 vote(s)
  3. Trading scared

    11 vote(s)
  4. Not letting winners ride

    9 vote(s)
  5. Not cutting losers quickly

    11 vote(s)
  1. 1. Over trading
    2. Not patient enough to wait for your trade
    3. Trading scared / Missing entry / Selling too soon
    4. Can't let winners run
    5. Can't cut losers
  2. tiddlywinks


    Stoopid poll. Only one option: Lack of Discipline.
  3. dom993


    My automated strategies P/F are all in the 1.3-1.7 range, I don't have many of them (only 3 live at this time), and 2 of them trade ultra-low frequency (< 5 trades / week), which essentially means drawdowns can last for months. The last once has better frequency (~ 2 / day), but huge P&L swings, making it a roller-coaster ride.

    On the plus side, I am now able to run all my strategies without any interference, just a few swear words here & there.

    So, my main weakness is my limited edges, not the execution side.
  4. My addiction to Angry Birds. It would be nice to have a World crises edition with Extra Volatility for the best trading experience... See below:


    I would just hope Wile E Coyote would not get upset for using his brand of Genus products...
  5. TILT2


    I don't day trading because of fear?
  6. TILT2


    it looks like he needs a punch..
  7. Succinct and well said Tiddly..
  8. It is nothing a Drone can't fix that look with...
  9. I think the biggest problem for 99% of day traders is not having a winning method.

    The "most people aren't disciplined" answer assumes those people have a winning system to follow in the first place.
  10. Having a day job...

    #10     May 23, 2013