Traders Lose Due To "tilt"
- Thread starter limitupmike2
- Start date
Are you referring to her?
Sorry you couldn't learn to control your emotions. Some of us can though. You should respect that.
ok, and?
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To Limitupmickey... So last week you advised against reading/learning about emotions control & discipline: http://www.elitetrader.com/vb/showthread.php?s=&postid=2727163#post2727163 and now you want to teach us that? you've got to be kidding me.
I wonder if some of the guys here actually TRADE or if they're just wanna be traders playing online poker from mom's basement.
Good tilt.
absolutrly loved the hijack.. grat puick of a chick on tilt on the pinbl machine.. yeah!
I am not about to get bent out of shape over a thread hijack.. i do not consider it my personal proepty or anything.. i post and anyone can do anythign they want with the info or with the post.. that is why this is an "OPEN" forum. Rate it, rip it, read who gives a crap.
I am not about to get bent out of shape over a thread hijack.. i do not consider it my personal proepty or anything.. i post and anyone can do anythign they want with the info or with the post.. that is why this is an "OPEN" forum. Rate it, rip it, read who gives a crap.
Who is more of a failure? The undercapitalized trader who lost his entire $2,000 account, or the seasoned trader who lost $2,000 out of her $100,000 account?
I think when people focus too much on failed undercapitalized traders, they are missing the bigger picture.
Both traders, with my understanding so far, took equal risk. It's just one has more to lose while the other has to take a break flipping burgers for a while before continuing to trade again.
The article the OP posted may say the undercapitalized player is being too aggressive, but I say that player is just being as aggressive as the player with the larger pile of chips.
Comparing trading to poker is misleading. If the name of the trading game is to simply keep trading, then by all means risking the entire undercapitalized account is the wrong thing to do. But if the name of the trading game is to make money, which it is, then the right thing to do is make trades that make money, which means risking large portions of the account if the account is small.
Undercapitalized just means it takes longer to earn rewards. Nothing more.
I think when people focus too much on failed undercapitalized traders, they are missing the bigger picture.
Both traders, with my understanding so far, took equal risk. It's just one has more to lose while the other has to take a break flipping burgers for a while before continuing to trade again.
The article the OP posted may say the undercapitalized player is being too aggressive, but I say that player is just being as aggressive as the player with the larger pile of chips.
Comparing trading to poker is misleading. If the name of the trading game is to simply keep trading, then by all means risking the entire undercapitalized account is the wrong thing to do. But if the name of the trading game is to make money, which it is, then the right thing to do is make trades that make money, which means risking large portions of the account if the account is small.
Undercapitalized just means it takes longer to earn rewards. Nothing more.