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)
    16.1%
  2. Not patient enough

    16 vote(s)
    28.6%
  3. Trading scared

    11 vote(s)
    19.6%
  4. Not letting winners ride

    9 vote(s)
    16.1%
  5. Not cutting losers quickly

    11 vote(s)
    19.6%
  1. deaddog

    deaddog

    Even the simplest methods "WorK". Most traders don't have the discipline to take the drawdowns that are part of the methods.

    It simply comes down to cutting your losses and letting your winners run.
     
    #21     May 26, 2013
  2. Redneck

    Redneck

    Lest we forget bathroom breaks

    just sayin :)

    RN
     
    #22     May 27, 2013
  3. Sports gamblers lose because the pick the wrong team.

    so you must know bullish or bearish......

    then the gamblers get cute and do the over/under...

    don't complicate the trade....

    then the gamblers bet on 5 different games...

    don't do that...

    so what have we learned... YOU MUST KNOW DIRECTION!!!!!

    oh yea, that is impossible to know with 100% certainty.

    so then try to know with 55%......

    now how far will the market go? Impossible to know...

    ok.....so biggest weakness is having no edge, ever....

    so the only thing remains is to bet big at first....

    if you truly have an edge, you should have 1 billion dollars.
     
    #23     May 27, 2013
  4. deaddog

    deaddog

    Not necessarily. Perhaps part of your edge is using small size. Operating under the radar.It may not be scalable.
     
    #24     May 27, 2013
  5. jimbogf

    jimbogf

    Not being patient and waiting for quality/high probability setups. Instead I find myself trying to trade poor setups.
     
    #25     Aug 9, 2013
  6. my big issue is not day trading. I hate day trading.
     
    #26     Aug 9, 2013
  7. trendo

    trendo

    Do you truly have an edge? Do you have 1 billion dollars?
    :D
     
    #27     Aug 9, 2013
  8. Handle123

    Handle123

    You need a #6) Staying awake

    By far toughest problem in ES, bars get 1-3 ticks and go sideways, like watching paint dry.
     
    #28     Aug 10, 2013
  9. pma

    pma

    OMG-that is hella funny!
    :D
     
    #29     Aug 10, 2013
  10. piezoe

    piezoe

    Well, I certainly don't agree with THAT. In my overly humble opinion, it is one of a small handful of brilliant ET polls. Go back to your tiddling.
     
    #30     Aug 10, 2013