Confessions of a loser who need to quit
- Thread starter Pension_Admin
- Start date
Maybe adaptation wasn't the problem. Maybe he killed the goose that laid the golden egg. Like a partner, a piece of software he wasn't able to update, an edge that was arbitraged out of the market.
Hi Everyone,
Thanks for digging this up. It has been a little more than 2 years since I made this thread, and I am surprise it is still got some readerships in it.
There are many things going on in my life over the past 2 years, but unfortunately trading wasn't one of them. I have closed out my account and focused on my career. However, I still love trading, and I love the feeling I get when I build up pyramids, but with a small account that I had, it wasn't worth my while. I know I need a larger account, and a different instruments to make it worth my while.
Trading forex was a good learning experience. I learned to manage leverage and maintain discipline in my stops. Regardless, forex is not for me, since the spread is just too high which mess up my expected risk and reward for each trade. If I trade it for longer time frame to bring down the spread relatively to the expected risk and reward, then it would take too long for the trade to close. Managing multiple forex positions in long time frame doesn't work for me either, since most of the time, the pairs are too correlated (eg. If one pair does a big move, the other pairs would have done a big move as well). Most importantly, forex doesn't seem to trend well compare to stock (eg: MCD, AAPL, etc).
Anyway, I am now trying to save up enough money to trade stocks and futures. Hopefully it would be more fulfilling than trading forex.
PA
Thanks for digging this up. It has been a little more than 2 years since I made this thread, and I am surprise it is still got some readerships in it.
There are many things going on in my life over the past 2 years, but unfortunately trading wasn't one of them. I have closed out my account and focused on my career. However, I still love trading, and I love the feeling I get when I build up pyramids, but with a small account that I had, it wasn't worth my while. I know I need a larger account, and a different instruments to make it worth my while.
Trading forex was a good learning experience. I learned to manage leverage and maintain discipline in my stops. Regardless, forex is not for me, since the spread is just too high which mess up my expected risk and reward for each trade. If I trade it for longer time frame to bring down the spread relatively to the expected risk and reward, then it would take too long for the trade to close. Managing multiple forex positions in long time frame doesn't work for me either, since most of the time, the pairs are too correlated (eg. If one pair does a big move, the other pairs would have done a big move as well). Most importantly, forex doesn't seem to trend well compare to stock (eg: MCD, AAPL, etc).
Anyway, I am now trying to save up enough money to trade stocks and futures. Hopefully it would be more fulfilling than trading forex.
PA
It will be. Until forex becomes more transparent, i wouldn't touch it.
Quote from nazzdack:
1) Deep down, you probably never really believed that you could succeed and were focused too much on "eventual" failure and leaving yourself escape routes for what you ultimately expected to happen. Because of that, you were never fully-invested, balls-to-the-wall, assholes & elbows, all in, entire liquid networth in your trading account, committed to the task.
2) Trading can be a form of "entertainment" for you as long as it doesn't get too "expensive".
I don't think any of this psychological stuff matters unless you're a manual trader. I find that when I am wrong, I'm consistently wrong for a reason. I just let the errors guide my behavior.