Quote from Roman Candle:
To keep from having to deal with the consequences of bad trading decisions (or indecision), some traders will put off placing the trade all together. Others will go as far as holding a losing position, hoping the market will turn in their favor to prove their judgments right.
Why do we have such a hard time accepting criticism? For one, criticism has negative connotations, usually associated with poor performance, doing something wrong, or not being sufficient enough in the task at hand. Most people, traders included, don't take well with negative feedback or comments. Some of the psychological aspects of the way we now deal with criticism are deeply rooted in our past, from experiences with our parents and school teachers. They were in the position to correct us and tell us when we were wrong, and some were more extreme than we liked with their criticism. They definitely had a psychological impact on us was there, with many of us now transferring those experiences to our trading. [/QUOTsal is on a bad streak as of the last 3 weeks or more, (pardon me sal 4 using u as an exam;le) ,he is having a sike break down which eventually turns to a breakthru, have to crash before you meta morph into a butterfly. Criticism on a trading forum can never be as harsh as your p/l statement which can b a lot more brutal than your rudimentary start in life,so whoever is buying this bs,is a novice,sal u r not a novice or buying this criticism, trading is a harsh mistress and there is no love , only numbers, which count at the bank , but not in sike, the object of any profession is to do as well as your peers and better than u thought u could,so on a personal note ,Sal,this aint the first time u saw this chapter and wont be the last,RC, your ego is gonna do u in ,check it at the door, this business has a way of humbling all of us and u dont want to be in the humble me please line, (how do u spell sike)