One more thing that I never was able to figure out. She is a doctor and she is a smart woman. I have asked her this simple question: Why can't you see a simple trend in a stockchart? Be it uptrend or downtrend. You are a smart person who should be able to figure out the trend of a stock on a stockchart by just looking at it! It is not rocket science or anything hard. To this day, she still has that problem.
How to find a guide For trading
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One more thing that I never was able to figure out. She is a doctor and she is a smart woman. I have asked her this simple question: Why can't you see a simple trend in a stockchart? Be it uptrend or downtrend. You are a smart person who should be able to figure out the trend of a stock on a stockchart by just looking at it! It is not rocket science or anything hard. To this day, she still has that problem.
Thank you so much for explaining.. the parlayed with fear makes a strong point..
The unwillingness to adjust is also a major psychological error..
I’m sorry that she lost so much money..
Please know that I will read these posts again.. great reinforcement to dump the losing positions .
Greg
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The frustrating part in all this for me is she had $1,000,000 and wasted it! She could have made hundreds of thousands of dollars easily. If only she listened to me! Arrogance and Ego got in her way! She could not accept that her trades were bad and need to be cut to save capital. Ignoring risk management parameters in our trading plan which is 2% limit per trade. If she just stuck to the risk management portion of the trading plan, she would have still lost monies but, not $1,000,000. Maybe, she would have lost a couple of tens of thousands instead!
$1,000,000 x 2% is $20,000 per trade. That should have been her proper trade size. Not hundreds of thousands per trade!
It’s going to take work. The “holy grail,” is staring you in the face.
It's my understanding under Federal Law that dealer desks and hedge funds must accept all candidates and any discrimination due to lack of intelligence, pedigree, education or lack of market knowledge is strictly prohibited under statute 97.1 of the US Labor Law.
Women don't make good traders. It's biology and statistics, not misogynistic.
Any sources for this opinion?
There are good traders out there who are women including, day traders. My friend who is a woman failed because she refused to follow the trading plan. She tried to wing it on her own.
Her total disregard for risk management, not risking more than 2% per trade is single largest reason she lost so much. If she observed risk management, she would not have lost $1,000,000. Maybe, $100,000 at the most or even less that!