I play 1-2 no limit weekend poker and overall a winner, playing the low limit table I just do all the standard play, fold when odds are against me, and I forget bad beat quickly because I know the odds.
But when I trade future I jump in and out chasing breakout and price action like going all in...
how does algo trader not affect 2, algo trader can make program to daytrade, and computers have no emotion and not getting tire, unlike human they errors due to fatigue and other emotional aspects.
Since trading nowaday is done by Algo and automation, any trader still trade discretionary and think they can beat the Algo in a longrun and trade big size? one mistake could wipe away all your profit in daytrade. How can you compete with emotionless machine, world one day will be dominated by...
bull candle, it'll go up, then bearish candle, go down, another bullish candle engulf the bearish candle, go up, and bearish candle engluf bull candle, we are going down. I can go on all day until we finally get a trend.
I don't daytrade now since I have a fulltime job, maybe 2 3 swing trade per week. I tend to look for homerun trade to try to boost my capital quick, but ended up stopped out for lost most of the time. This is one of my problem I lost so much and was wishhing for a homerun trade. Right now I am...
I think they know some rich dudes who know insider infomation and place bet before news, sometimes they took 20% drawdown and keep holding it till the stock comes back. the guy do well, but he does not disclose the infomation to us all the time, only when he's in the money he would show off, I...
In real life I am kind of a rational person and I dont like gambling since I know the edge are against me, and I tend to do well in poker. but when I am trading, I realized I do act and think like a gambler, its like a devil side of me. any way I can control and fix that?
orbit23,u r 100%right. I am disappointed in myself and at the same jealous that unsophisticated people(trade on tips and held for 20% drawdown) made money. And I know my mental approach toward trading is so wrong,but it's so hard for me to change because it was reinforced over the years of my...
U r right bone,i get disappointed in myself OVer the years trading carelessly I picked up too much bad habits specially in mental approach toward trading. I worried if I don't chase,i would missed a massive move and when I everybody made money,i got jealous. My biggest problem now is I know all...
thanks SimpleMeLike.although they always talks about their winning I know they are just average investors from the content they talked about,they would held for a 20%loser and just wait for another spike to get out so most of the time they would made back their money,I don't think that's how a...
I can't quit. Once you are in it,theres no way out,I tend to be more patience and calm when I play poker,i know trading it's my things,it's sucks when I first start trading I picked up bad habit from penny stock guru like sim syke chasing breakout and shoot for massive return. over the years...
I've been trading for four years parttime on and off,lost a lot of money, now I tried to be trade more systematically and treat it as a business,but over the years,i picked up a lot of bad habit,specially on the mental side. in real life I am a calm and patience person,but in trading I becomes...