Why did you fail at trading ?

Discussion in 'Risk Management' started by traitor786, Jan 28, 2013.

In the face of new ideas or information what Is the best thing to do ?

  1. Ignore long (new data) term info

    4 vote(s)
    28.6%
  2. Take in to account new data

    6 vote(s)
    42.9%
  3. Stop and rebuild

    2 vote(s)
    14.3%
  4. Make a system with quick exits as soon as weakness is seen

    0 vote(s)
    0.0%
  5. Worry not about effecting your "stats" and follow your hart.

    2 vote(s)
    14.3%
  1. Redneck

    Redneck

    You’re on a very dangerous thought path (the if I could only trade better/ read the mkt better syndrome)


    Losing well is a core skill to ultimately succeeding

    ===================================

    Maybe your market analysis sucks… maybe your risk management sucks – I've no clue…

    But I can assure you this;

    No matter how good a trader we become – no matter how sharp we hone our market analysis – no matter how much money we make…

    We all have losing trades

    Being able to lose willingly / easily/ small – ultimately defines and determines – our trading success.

    It also does wonders for our risk management


    Protect capital first - make money second - period


    Something to embrace - or not

    RN
     
    #11     Jun 27, 2013
    DDR and Vindago like this.
  2. DDR

    DDR

    In any research on the greats and in all interviews risk management is at the core for the ones that are consistent. I think ppl that break these rules are the ones chasing losses, what other reason is there. But in my own understanding of trading opportunities along with signals there are times when you can increase your risk. Times when the market is so directional that it is screaming at you "all in short or all in long"
     
    #12     Feb 5, 2016
  3. I was impatient with the market. I was fighting it lol.
     
    #13     Dec 20, 2016