What are the biggest mistakes a trader should avoid in stock trading?
- Thread starter Vincent S. Ashmore
- Start date
That is so UNTRUE. The markets are affected by PEOPLE and their FEAR and GREED. A random number generator has zero emotion. You can absolutely cannot compare market data with randomly generated numbers.
People to a certain degree are predictable, and so are the markets. For instance, if a trend is intact, you can expect it to continue: if the SPX holds steady its Christmas rally, and does not lose a lot of ground before the end of the year, there will be a candlestick "piercing pattern" on the quarterly chart. This means "probably" (never for certain, just probably) that January will continue higher and so will 2016.
Sorry perma-bears!
Thinking one can trade any thing..., or any way - other than their beliefs - is also a huge mistake
Operating against one's beliefs may work for a short time..., in spurts..., or when things are unfolding in a relatively quiet manner
But over the long haul / when all hell breaking loose in the mkt - that way of operating is simply unsustainable
Beliefs are the subconscious' default way of being / operating
Either they are in alignment - or we are spastic..., unnecessarily stressed..., and ultimately screwed
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Anyone who thinks they can fight their self (go / operate against their beliefs) - yet still trade consistently and effectively throughout every thing the mkt dishes out
Simply ain't happening
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Believe it...., or not
RN
Thinking one can trade any thing..., or any way - other than their beliefs - is also a huge mistake
Operating against one's beliefs may work for a short time..., in spurts..., or when things are unfolding in a relatively quiet manner
But over the long haul / when all hell breaking loose in the mkt - that way of operating is simply unsustainable
Beliefs are the subconscious' default way of being / operating
Either they are in alignment - or we are spastic..., unnecessarily stressed..., and ultimately screwed
==============================
Anyone who thinks they can fight their self (go / operate against their beliefs) - yet still trade consistently and effectively throughout every thing the mkt dishes out
Simply ain't happening
=========================
Believe it...., or not
RN
Got to disagree strongly in that 1, or beliefs concious are TA / PA work and use them, but it's our subconscious which is actually doing the work which is likely based on its own pattern recognition and you don't even realise, the rest is merely a distraction.
Sadly, my subconscious is a bad trader, i have to fight hard to ignore it.
Must because some one claims to be profitable and using TA or PA doesn't mean that either side is true.
That takes one hell of a terrible toll Turv (as I am sure you know)
Be sure to care for yourself / your well being Sir - stress will age / kill a person quicker than shit
RN
It does, stresses me so badly, when trading well so much, a few hours and just shattered for 48hours literally.
Why i don't trade, often and totally lack focus.
Method works well got to keep plugging at it.
Based on how its affecting you / your well being - I would disagree
But then..., I don't know anything..., anyway
RN
Moved to a new method about 6 weeks ago, 12 trades in no losers, tight SLs, but not had a trading day, just random set ups here or there.
So we shall see, when i get a free day, if better or same.
Educated guessing with real money is never easy, that's the game we are in simple as.
p.s. you posted some actual okay trade logic in a thread somewhere, so you can possibly trade (although doubt the amounts you claim to make still), why you just didn't do that at the time, guess I'll never know, not a newbie troll that'll ignore everything.
So Sorry for misjudging you in some ways maybe!