Very successful traders are never bored, terrified or even happy, they trade with zero emotion.
And they know they can always find a trend somewhere in less than 15 minutes.
Are traders bored?
- Thread starter traider
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Very successful traders are never bored, terrified or even happy, they trade with zero emotion.
And they know they can always find a trend somewhere in less than 15 minutes.
They are human, but they never let their emotions (good or bad) interfere with their trading.
Reaching that level of self-control requires years of experience, if not decades, as you know.
Just because the emotion is not shown, does not mean it does not exist. It is very hard to be aloof in extreme circumstances like large unrealized drawdowns or large unrealized profits.
Unless yer a freak like Ed Gein or Son of Sam or something crazy like that.
Please re-read my last post, I did not say that successful traders do not feel anything.
Also note that they cannot have "large unrealized drawdowns", since they risk only 1 or 2% of their capital, sometimes even less.
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Their conclusion invariably is that the market makers are unethical and conspiring against them.
They reach that conclusion even on a freaking DEMO account, where no real buying and selling ever take place!
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99% of traders are philosophers, especially after losing money. Their conclusion invariably is that the market makers are unethical and conspiring against them.
LOL, trade long enough, don't really care about anything, it is just a job, check metrics of automation, or manually doing stats by hand. If you still motivated at building knowledge then you might be backtesting some new pattern you discovered. If you are much older, might be allocating funds from risky day trading to swing/longer term/hedged. Stay in this long enough, nothing is new and seen everything few times. After 40 years of this, have no emotions.
Just waiting around for another surgery, carpal tunnel/trigger finger on one hand, yea use mouse too many years does fuck up your hands, wait till one heals to get other one done.
Happy 4th You'all
In zero-sum games (Forex, Futures) there is indeed something unethical going on, in my opinion.
After all, these markets, while legal, are nothing more than a gigantic Poker game, where the smart players make money from the less experienced players.
As Gordon Gekko would say : "We (Forex and futures speculators in this case) create nothing".
On the other hand, buying stocks for the long term helps the economy.
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Does selling stocks for the long-term help the economy?
Is short selling ethical?
Short sellers say it makes the market more efficient (the price of "overvalued" stocks returns to its "normal" level).
Quite frankly I don't know.
What do you think?
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