The student is ready
- Thread starter 2_bits
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. . .you've gotta ask yourself one question. "Do I feel lucky?" Well, do ya, punk?
I just found half a case of Busch on my,midday walk in the woods. Wanna split it?
I merely disagreed with your logic that it was a very low probability that his issues were trading related since he had been in the game so long. That is all.
You should have stated such in your other reply.
On that note...I disagree but not only because of my experiences but because I have access to a few psychologists that work with Wall Street and companies that's in the business of "behavior finance" that work with some of the world's biggest institutional trading firms.
Simply, you're wrong and I'm ok with knowing you disagree.
P.S. Specific names and companies given in another discussion about the importance of psychology in the markets. It's a +700 million dollar industry per year and growing. Those that move the markets obviously don't think its "overrated" but maybe because their traders are managing millions of dollars.
You know how it is...money just make people do strange things.
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One thing I know about myself--if I lose,a sense of levity, my sense of humor--i gotta stop trading till I regain awareness. Girlfriend used to catch me getting locked into trades all the time. Couldn't even hear her talk. If it seems heavy it's probably wrong.
When you have no fear of losing, you are there.
When I resumed not so long ago, I had fear for the first few losers, but now, after doing a good few trades, it doesn't bother me one little bit, win or lose, for I know once I don't stop trading, I will make more money than I lose.
You will know when you have no fear of losing.
J_S
I'm more afraid of making impulse trades. THAT causes losing. Quicker to cut those.