The real reason trading is difficult

Quote from eagle:

True. This psychology is described by Mark Douglas, Trading in the Zone. A child will cry if his toy is taken away, and he used to cry each time he cannot get what he wanted. But at one moment the child have to realize that he cannot ALWAYS get what he wanted. So he learned to accept. Loss is something we don't want but at one moment we have to learn that we cannot ALWAYS avoid losses.
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Do you think that nationality plays a big part in a Traders ability to cope with loss.

regards
f9
 
Hmmmm! Not sure. I have no information to say yes or no on this subject. But I guess to some degree yes. Germany guys hate to lose, and therefore they won't be a good traders :D. Kidding.

Quote from fearless9:

Do you think that nationality plays a big part in a Traders ability to cope with loss.

regards
f9
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Trading is hard to everyone for different reasons imo.

Some struggle quantifying an edge (and for that matter may not even know it.)
Some struggle with discipline and managing emotions (lows and highs, failures and successes, regrets and anticipations, etc)
Some struggle quantifying a legitimate edge into an algorithm or system, with a legitimate entry and/or exit approach.
Some struggle using inferior technology and/or resources.
Some struggle understanding overall and/or specific market dynamics in general or as they unfold each day.


I can't say that I've found it extremely difficult to make a living for a while, but I continually find all of these things very difficult or challenging to manage or improve on in an ongoing basis.
 
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