You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
My recent trading deserves a Bill Lumbergh meme...
- Thread starter jnbadger
- Start date
Thanks for this thread, it’s a nice change seeing the older(wiser) still make trading infractions.View attachment 319253
Anybody else with 25+ years of experience still trade like a total dumb ass once in awhile?
I can imagine a scene in a movie called Top Trader when Goose says to Maverick, "The stock exchange regrets to inform you your son is broke because he was stupid."
I'm only down a couple hundred bucks this week, but Jesus. What a waste of 3 days chasing stocks I wouldn't even touch while missing some nice moves in others.
Maybe holding myself publicly accountable will wake my ass up.
is there anything worse than fat fingering a trade??
Yesterday I started buying calls on a stock that was starting to move. Stock jumps $6 points and when I head to ring the register there’s a gapping loss! I bought the puts, that’s bad! Getting new glasses today and triple verification.
Another blunder, impatient with 9,000 XXII at $5.30. Took out $6.90. I am dumb! We must not realize how easy fatigue gets playing war daily.,is there anything worse than fat fingering a trade??
This is so true. This is why it's important for me to work out in the morning. And after putting a lot of thought into this, as well as reviewing stats, I'm going to set an alarm for 11:00am (central, which might actually be a little late). After that, I won't trade until the last hour of the day.Another blunder, impatient with 9,000 XXII at $5.30. Took out $6.90. I am dumb! We must not realize how easy fatigue gets playing war daily.,
We're so incredibly programmed in our society to be productive as possible. We need to let that go as traders. Yes, we need to back test (if applicable), review stats, and do prep work. But the actual trading should take a small portion of our time.
Tom Hougaard's book is the best trading book I've ever read. He goes pretty deep into how he religiously reviews his stats. Toward the end of the book, he said he now only trades the first hour and a half, and he doesn't trade on Fridays.
I haven't done one trade today, and I'm writing this as there 68 minutes left in the day on a Friday. I'm not even going to log into my platform.
New guys, don't ever feel guilty about under-trading. Trust me, it's much more profitable than over-trading. And if a firm ever tells you you're not trading enough, walk out the fucking door. Immediately.