Yeh, you're harming me. It's called a fucking headache. If you'd understood any of my posts you'd know I'm trying to look at the wider issue of the industry as a whole and the Myth it perpetuates. The idea that psychologically flawed or not you will wind up poorer and unhappier down the line. If you were 'normal' when you started this futile pursuit you're sure going to wind up depressed and nuts. Just look around this place, for Christ's sake. Anyway, I await your next installment with bated breath.
Compulsive Trading Disorder
- Thread starter cap'ncod
- Start date
Yeh, you're harming me. It's called a fucking headache. If you'd understood any of my posts you'd know I'm trying to look at the wider issue of the industry as a whole and the Myth it perpetuates. The idea that psychologically flawed or not you will wind up poorer and unhappier down the line. If you were 'normal' when you started this futile pursuit you're sure going to wind up depressed and nuts. Just look around this place, for Christ's sake. Anyway, I await your next installment with bated breath.
I think the truth is that Financial Gambling, euphemistically called 'Trading', feeds beautifully into this paradigm. It promises that with enough knowledge and the correct mental attitude etc, we can become wealthy, independent and happy. A true narcotic. Trading creates failure. Human's do not. We are capable of achieving wonderful things but the 'hook' of Trading and it's extensive mythology is literally anti-achievement. As we strive in a vain pursuit of extracting money from the markets (which are controlled and driven by those whose aim is literally to take money from the weaker (read retail) players, our constant losses and set-backs set us up for a cycle of failure, frustration, anger and ultimately self-hatred. We're on the hook and are given just enough dope of hope that it's knowledge and self-control that is lacking. If we change platforms; read this or that book, forum, blog etc. Find the secret, the Grail. It never ends and our misery is waiting in the wings while we play with the latest futile idea.
Just to reiterate.
Just to reiterate.
With all due respect, it seems you are trying to convince yourself. "Trading creates failure" is complete nonsense, the entity itself has no objectives.
It's simply a platform with odds against you, nothing more and nothing less.
Trading is not for you, nothing wrong with that. You might have the talent to be the best boat builder or rugby player in the world and just not know about it.
I liked playing basketball but was never any good at it. I could've just said that it's impossible to become a great at it but Michael Jordan showed me why I couldn't make such a claim.
A childish example but it does apply.
It's better to accept your faults and move on to something else and not become stuck.
It's simply a platform with odds against you, nothing more and nothing less.
Trading is not for you, nothing wrong with that. You might have the talent to be the best boat builder or rugby player in the world and just not know about it.
I liked playing basketball but was never any good at it. I could've just said that it's impossible to become a great at it but Michael Jordan showed me why I couldn't make such a claim.
A childish example but it does apply.
It's better to accept your faults and move on to something else and not become stuck.
do8, thanks for the input. With all due respect returned, I don't think you understand what I'm saying. When you create something you achieve 'success' (a nebulous concept but we'll use it in terms of gaining some sort of achievement. You are dealing with known and knowable parameters, such as materials and tools, rules and bounderies etc. My assertion (and I don't think you've read this entire thread) is that in terms of trading, in the long run, you will fail because the game is rigged against you. You are playing against loaded dice my freind. Building that boat out of cardboard. In other words: setting yourself up for failure. Now this is my personal view BUT nobody has brought a single scrap of evidence to disprove it and throughout the six years I've prowled this forum and others like it I have yet to see evidence that makes me believe the small retail trader of leveraged commodity derivates can make any meaningful income in the long run. The problem is that we are kept on the hook by various subtle ruses and the Myth gets perpetuated. You cannot take on a gorilla in a wrestling match. Walk away. Painful as it may be, it's nothing to having the Silverback rip your balls off.
They might be the gorilla but you can be the fox. More size and power isn't always a good thing - you can use the nimbleness to outmanoeuvre the gorilla.
The markets (well, many markets) are not rigged but there is a lot of corruption, this needs to be treated simply as noise and it's just inevitable as it involves people. Profit is made during times of no corruption (manipulation) if you are not the one corrupting that market. Similarly, some of it is lost due to corruption.
I used to think like you but it was just a phase, it's all too easy to say it's all rigged without any proof.
You might be right about leveraged commodity derivatives as it's not something I've touched personally.
This comment is not about Compulsive Trading Disorder( Psychopaths). It is obvious your mind is not organized. Reread your post in this thread and figure out what is going on in your mind.
Back to your comment above, small traders trading in the futures/fx markets will lose regardless in the short or long run. Why
1) Undercapitalized
2) Lower Educated ( Lack of higher education)
what makes small trader not give up and keeps reloading his/her account constantly and consistently for 20 plus years? They read too many biography books about how this person made a millions with a tiny account.
These books/ebooks keep small traders reloading their accounts over and over again believing they will reach the holy grail. That is what i called delusion thinking. The real holy grail is
Higher Education
that is where the real traders are at working in a trading firm.
Quote from steve.k.tang:
For the people who want a serious trading job here's my advice. You need solid programming skills, preferrably in C, Python or VB and strong excel skills. A passion for trading and programming skills will get u a job as a developer on the trading desk. This will help open your mind to trading ideas as well as properly test your strategies. Its hard to backtest using daily data when you want to trade intraday. Are trades stopped out before they become profitable? So do I have to trade intraday? You'll notice that many smaller firms don't have the risk limits to allow you to hold overnight. Hope that helps
More than 90% of small traders lose. They just lose!!