Why You Hesitate to Open Trades (And How to Fix It)

Discussion in 'Psychology' started by Frederick Foresight, Mar 15, 2025.

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  2. MarkBrown

    MarkBrown

    Why Fredrick Foreskin Hesitate to Open Trades (And How "They" propose self help in a public forum)
     
    Last edited: Mar 15, 2025
    ChipShotTrader likes this.
  3. Hey, Bently, what’s shakin’? Find the wind-up key yet?
     
  4. Good Morning Frederick Foresight,

    Very easy answer.

    Traders hesitate to take trades because the trader don't want to tell friends and family they are a loser day trader and they loss money day trading. Then the trader is look at as a failure and gambler who just loses money and waste time.

    I dont have these issues because noone in my family or friends knows I'm a day trader/gambler. So trading is very fun and relaxing to me, I have ZERO pressure. I just click until my fingers are tired.

    It is an amazing feeling to click at ease.
     
    Last edited: Mar 15, 2025
    TheMordy likes this.
  5. jnbadger

    jnbadger

    I care about long term success. Paradoxically, that's only happening because I don't care about short term results. I accept how patient I need to be for a good set up, and I accept the fact that multiple losses in a row are occasionally going to happen.

    In short, I don't care if the current trade works because I've already proven that the strategy works in the long run.

    Just wait until you're confident that if you take the current set up 100 times in a row you'll be just fine. If you find yourself praying that the next trade works, it's time to shut off the computer for the day. Or longer.
     
    Onra, MACD and Frederick Foresight like this.
  6. Good post. :thumbsup:
     
  7. As an aside, this is the Psychology forum. What would you have us discuss? Your fascination with scatology?
     
    Last edited: Mar 15, 2025
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  8. MarkBrown likes this.
  9. Cabin1111

    Cabin1111

    Investor here...

    99% (not kidding) of my wife's and my trades are done together.

    Both of us have to agree on the trade.

    This creates a check and balance system...Almost like a peon going to the investment banker, asking to make a trade. Another example...Like a pension fund making a trade!!

    Sometimes I will make a small trade on my own...Covered call in my Roth IRA.

    When the trade goes south...We both own the actions we've made.

    Makes for a consistent marriage...
     
    themickey likes this.
  10. @Frederick Foresight Just give up, and move on. You truly don't want to become my personal "piñata". You don't want that shit.

    Trust me.
     
    #10     Mar 15, 2025
    MarkBrown likes this.