FALSE.
I quickly put on a few trades so as to turn my day into a good one.
nononsense
PS: if it wouldn't work for you, you shouldn't be in trading.
True or False
- Thread starter GetReal
- Start date
I quickly put on a few trades so as to turn my day into a good one.
nononsense
PS: if it wouldn't work for you, you shouldn't be in trading.
You can only answer that yourself after maintaining a detailed journal that contains info about your psychological state prior to the first trade.
For example...if your stats show that you have a high probability chance of losing money that trading day if you had a heated argument with the spouse prior to the first trade...
May be a good idea to either stay on the sidelines the next time you get into a debate with the spouse or resolve these issues prior to the first trade.
Simply, one particular personal problem may have impact on one trader while the same type of problem may have no impact on another trader.
Thus, the answer is true and false depending upon the trader and particular problems that are either consistent or chronic.
* Marital Problems
* Debt Delinquency
* Stress from another job
* Roommate Problems
* College Academic Problems
* Health Problems
* Mental Illness (depression et cetera)
* Many other things
Therefore, a trade journal that only keeps track of stuff like win/loss ratios et cetera and has no psychological information...
http://www.elitetrader.com/vb/showthread.php?s=&threadid=60132
Is a trader that may realize too late the real reason why they are in a drawdown or trading poorly.
Mark
(a.k.a. NihabaAshi) Japanese Candlestick term
Seems like you've misunderstood the question.
The thread starter is trying to determine what could be a bad trading day prior to the first trade...
Not via hindsight conclusion at 3:59pm especially when many traders trade beyond 3:59pm...only ones I know that don't are stock day traders.
Mark
(a.k.a. NihabaAshi) Japanese Candlestick term
Who has time to trade?
When I get the flu I quit trading. I might stop trading, even exit short term positions if something happens that makes me feel confused (like I can't think clearly).