The most expensive bad habits

[Speculate]

Well CL and FX are the most active futures contracts out there with most volume. Otherwise how else are we going to make money?

Please dont be a plum.

Eurodollars dwarf CL and FX futs period. And dont bother saying you mean the interbank FX market as you dont have access to that. I dont care what your broker tells you. You only have access to your brokers liquidity as he's on the other side of your trades.

Further more, making comments like yours tells me you are a small retail trader. Please. I doubt you really have to bother with volume and liquidity trading such small size. It just isnt a concern for you.

If you mean 'active' you mean volatile, then again, you need to do a bit more thinking. Volatility can be a killer unless you understand what youre doing and whats driving the markets - and its clear many here dont. If they do, its never discussed.

So why persist in foolish greed? Why not develop a professional, business like approach: Focus on making money with higher certainty with size over taking gambles seeking some sort of emotional high?

 

[Back To The Futures]

There's a website that list every month the most active trading products. Based upon volume and liquidity...CL and FX are in the top 10 but not the most active.

Every year (for the past 7 years) it consistently has been Emini ES futures, Treasury futures, Euro BUND, Brent Oil, Eurodollar and 3 month Euribor. Sometimes DJ EuroStoxx sneaks in there but I haven't looked at the lists in a few months.

I wouldn't be surprise if we see a few new names in the top 10 by end of year due to the fiasco in Greece and China.

Can we have the website addy please? Thanks for sharing.

 

[Back To The Futures]

Please dont be a plum.

Eurodollars dwarf CL and FX futs period. And dont bother saying you mean the interbank FX market as you dont have access to that. I dont care what your broker tells you. You only have access to your brokers liquidity as he's on the other side of your trades.

Further more, making comments like yours tells me you are a small retail trader. Please. I doubt you really have to bother with volume and liquidity trading such small size. It just isnt a concern for you.

If you mean 'active' you mean volatile, then again, you need to do a bit more thinking. Volatility can be a killer unless you understand what youre doing and whats driving the markets - and its clear many here dont. If they do, its never discussed.

So why persist in foolish greed? Why not develop a professional, business like approach: Focus on making money with higher certainty with size over taking gambles seeking some sort of emotional high?

I would appreciate if you can state your comments without calling people names. It's just not necessary. We are all here discussing about trading.

And yes I am a "small retail trader" and am proud of it. Everybody starts somewhere and not everybody is Warren Buffet. But Just because my trading capital is "small", I still deserve the same respect as the rest of the traders. And your condescending comments toward "small retail traders" are uncalled for.

And lastly, there are still ways to make money trading volatile instruments. It all depends on how you do it. Just because you don't know how to trade them doesn't mean that other people who do are "taking gambles" on "foolish greed".

 

[mschwartz]

Here you can read to stop overtrading http://www.decisiveinvesting.com/blog/emotional-control/how-to-deal-with-overtrading/ You can use the same method to get rid of other bad habits

 

[pinfire]

It is bad habit to trade again and again .Over trading is dangerous for traders. if they had full time to see market it does not means do trading all the time .Only trade in limited amount when you got your target do not trade again. Over trading will make you tired and bored.

 

[Herbert]

In reality, overtrading can be many things, but one thing is certain: ignoring the potential we have to overtrade will almost surely put us in the position where we have overtraded – and by the time we wake up to this fact, our equity is gone.

 

[Trading Education Buyer]

not having a slut on each lap , because that would have prevented me from the phsychological need to be right , and trading , just for the sake of doing something

 

[Needless Promo]

What are some of your dumb ass mistakes, and how long did it take you to finally stop making the mistakes, or do you still make them every now and then...?

Usually my issue is that I'm too far ahead of the curve and I predict gigantic trends months in advance, my mistake is being impatient and letting my confidence deteriorate.

My other mistakes are usually taking risks on picks that I'm not very confident in the first place. I'd be better off avoiding taking more than 1/3rd exposure more than 2/3rds of the time.

Making 2% per month is so easy but expecting 15% a month is usually very risky.