Trading with a low self-esteem

[HolyGrail]

Every time a trade does not go in your favor hit yourself with 20,000 volts of electricity. Let's see if that makes you have a higher chance for success, and higher self-esteem.

 

[cabletrader]

Quote from Thunderdog:

I think it's appropriate to delve into patterns or trends in trading performance. Improvements can possibly be made in that context. However, to delve into every trade that didn't go as expected is to invite the kind of trouble that the OP seems to be talking about. You simply cannot hope to explain away every single loss that you have incurred in such a way as to avoid the possibility of its recurrence in the future. As I read it, the OP was at least in part trying to come to terms with the random element that exists in trading and, therefore, in trading performance.

I meant in more broader terms than individual trades, like you say patterns and overall performance.

I read the OP slightly differently at first, reading his post again and taking into account the random element his comments make more sense now!

But I think to be able to say 'it's not my fault' a trader needs to have (justifiable) confidence in his strategy and his ability to trade it so that when trades don't go as anticipated it's genuinely not his fault.

 

[fatrat]

Quote from HolyGrail:

Every time a trade does not go in your favor hit yourself with 20,000 volts of electricity. Let's see if that makes you have a higher chance for success, and higher self-esteem.

There was an article recently about some numb-nuts in Pennsylvania who put alligator clips on his wife's nipples and shocked her for sexual pleasure. He eventually ended up killing her, and I think he now faces manslaughter charges.



Thus, I don't think the expectation on this method of trade management is a good one.

 

[cabletrader]

Quote from achilles28:

Theres a distinction between taking responsibility for losses and berating oneself emotionally.

Agreed.

 

[cabletrader]

Quote from fatrat:



Thus, I don't think the expectation on this method of trade management is a good one.

That's one guaranteed way of ending a losing streak though!

 

[Thunderdog]

It seems we're all fairly in agreement here. Except, of course, for HolyGrail and his booster cables.

 

[HolyGrail]

I believe the idea has merit, I just don't want to be the guinea pig.

 

[cold]

Quote from HolyGrail:

I believe the idea has merit, I just don't want to be the guinea pig.

merit indeed, tested it on me self, while I was drunk with the lads

come to think of it, maybe they were bunch of angry Germans

and maybe, just maybe

I did something to them before........its all fuzzy