cold feet after a successful period

[Redneck]

Are you a trader or not??

If you are then get back on your horse and ride it – otherwise go find another hobby


It can be no other way

Regards

RN

 

[nukethewhales31]

Quote from kenten:

At some point in April, I lost %25 of the portfolio . Coincidentally after one week it went back to a new high. But it was a bad experience. I remember comparing my monthly income from day job to the loss and hating myself :-(

now i am making a reading list about the topic.

should have never have loss 25%

 

[elomich]

Quote from Redneck trader:

Are you a trader or not??

If you are then get back on your horse and ride it ? otherwise go find another hobby


It can be no other way

Regards

RN

Good, simple advice, yet hard to actually do in my opinion. But if you are not able to do it, in my book you are not a professional.

On a side note, do you believe someone can become a successful trader if it is merely a hobby to them?

 

[kenten]

Are you a trader or not??

If you are then get back on your horse and ride it – otherwise go find another hobby


It can be no other way

Regards

RN

that was pure ET gold.
unfortunately didnt take the advice, i wld have 50 time more money , lots more tail , maybe some kind of addiction.

 

[murray t turtle]

At some point in April, I lost %25 of the portfolio . Coincidentally after one week it went back to a new high. But it was a bad experience. I remember comparing my monthly income from day job to the loss and hating myself :-(

now i am making a reading list about the topic.

%%
Sounds like wise words,ken10;
more reading......A 25 %% draWdown sounds fine; but do NOT compare monthy income to a monthly business loss.

MUCH MORE TROUBLING TO ME WAS YOUR stock ''break even''FOR 10 YEARS .
I had a much bigger draWdown+ loss than 25% my first year.I would not trade derivatives @all until i found out why a break even eocured , for 10 years; if you are gong with the main trend, most likely too much trading -commissions. Good question

 

[BoyBrutus]

This should help