Sucker plays
- Thread starter Sucker
- Start date
If they told you who they are and why they do it, they might not get your money anymore. Sounds like a losing proposition for them.
Let's see how much "truths" we can draw from them.Originally posted by Sucker
Do you mean all of them were suckers for a long time, just like me?
No, just until they began reading this website.
Or, was that after...
- goes for singles, not homeruns
- exits positions without even thinking about it when they don't go my way
- doesn't trade just for the sake of trading
- does not take positions if they don't fully meet my criteria
- does not get attached to the stocks I trade so it will be easier to close them out should they move against me
- is equally skilled and willing to go either short or long depending on the day and the day's market conditions
- never lets profitable positions turn into losing ones
- never trades against the stock's trend
at least, I *try* to be that person.
- exits positions without even thinking about it when they don't go my way
- doesn't trade just for the sake of trading
- does not take positions if they don't fully meet my criteria
- does not get attached to the stocks I trade so it will be easier to close them out should they move against me
- is equally skilled and willing to go either short or long depending on the day and the day's market conditions
- never lets profitable positions turn into losing ones
- never trades against the stock's trend
at least, I *try* to be that person.
Tomorrow I may ask my best friend to punch me in the face and give me a bloody nose. If I get punched in the face enough times, I will learn to deal with the pain and suck it up like a man.
The reason the statistics are at 90% is probably because 10% have stuck around long enough to learn and adapt.
If you get punched in the face enough times, you'll soon learn how to dodge a flying fist.
Tomorrow I will probably get sucker punched yet again by the market. However, I'm going to keep at this until I can deal with my own emotions.
I'd say emotions are #1 for losing money. I am re-reading Douglas' book and I must say that I'm now starting to understand some of this psychology. I need to learn that I am capable of pulling money out of the market. (I am certainly capable of giving the market my money -- well beyond commissions -- so that is emotions for you).
Just find a nice solid brick wall and smack your head against it until it hurts too much to do it again -- that's what I'm doing with the market right now.
The reason the statistics are at 90% is probably because 10% have stuck around long enough to learn and adapt.
If you get punched in the face enough times, you'll soon learn how to dodge a flying fist.
Tomorrow I will probably get sucker punched yet again by the market. However, I'm going to keep at this until I can deal with my own emotions.
I'd say emotions are #1 for losing money. I am re-reading Douglas' book and I must say that I'm now starting to understand some of this psychology. I need to learn that I am capable of pulling money out of the market. (I am certainly capable of giving the market my money -- well beyond commissions -- so that is emotions for you).
Just find a nice solid brick wall and smack your head against it until it hurts too much to do it again -- that's what I'm doing with the market right now.