And would you believe it? I used to wear a permabear badge myself.
The problem is that a lot of traders are inflexible. Once they set their mind on one direction, they rather see their kids go hungry than to change their minds. Sad, really.
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
The problem is that a lot of traders are inflexible. Once they set their mind on one direction, they rather see their kids go hungry than to change their minds. Sad, really.
And would you believe it? I used to wear a permabear badge myself.
The problem is that a lot of traders are inflexible. Once they set their mind on one direction, they rather see their kids go hungry than to change their minds. Sad, really.
I’m not even close to being a permabear…I lost that classification somewhere between 2009-21…In fact, I don’t even enjoy being short the market, I was also going long yesterday during that manufactured waterfall decline, but didn’t hold on
There is no chance of any default. It is constitutionally mandated that debt payments will be made. The default warning is a canard.
Bruh:
You are about the most flexible trader out there -- I love it!
Permabear mentality comes from the need to right. As well as the fact that you have to completely go against your instincts a lot of the time to actually profit on the long side because when the time comes to buy, you wont want to -- and there are no logical explanations for the market advancing. You have to step back and say to yourself stuff like, "they just attacked the world trade center with planes 2 weeks ago and now anthrax is at the post office but all my market indicators say I need to buy."
You are about the most flexible trader out there -- I love it!
Permabear mentality comes from the need to right. As well as the fact that you have to completely go against your instincts a lot of the time to actually profit on the long side because when the time comes to buy, you wont want to -- and there are no logical explanations for the market advancing. You have to step back and say to yourself stuff like, "they just attacked the world trade center with planes 2 weeks ago and now anthrax is at the post office but all my market indicators say I need to buy."
And would you believe it? I used to wear a permabear badge myself.
The problem is that a lot of traders are inflexible. Once they set their mind on one direction, they rather see their kids go hungry than to change their minds. Sad, really.
Man, you're quick to jump to conclusion. I said "even IF...".
The inference is that you acknowledge that it's a possibility ----it's not.Man, you're quick to jump to conclusion. I said "even IF...".
Actually, I can still get downright stubborn--even these days. It's a hard habit to break. I think it's the doubt factor that clouds the judgment, not so much the need to be right. After all, we're all in this to make money, not just to stoke our ego. But when the crucial time comes, we freeze like the deer in a headlight, not knowing what to do. Then the self-doubt creeps in. It's a terrible place to be in.
Where are you getting this info? Show me the link.
Based upon your trading patterns, and your constant flipping, I don't see stubborness in your directional decisions at all. If anything, it shows that you are stubborn on believing the market will be having many intraday reversals on any given trading day. Which works on many days in fact!
An even harder pattern to break is being a permabull like me. I can never seem to flip short on days when the market keeps tanking, because I have so many memories of the market reversing intraday and going higher into the close. Like today. But now I have been scared out of any direction, because the patterns are changing day-to-day very rapidly. So hard for me to read.
So you keep on doing your schizo thing, because it seems to be working for you, I reckon'.