What is your biggest weakness when it comes day trading?

What is your biggest weakness?

  • Over trading

    Votes: 9 16.1%

  • Not patient enough

    Votes: 16 28.6%

  • Trading scared

    Votes: 11 19.6%

  • Not letting winners ride

    Votes: 9 16.1%

  • Not cutting losers quickly

    Votes: 11 19.6%
  • Total voters
    56
S

STOCKKBROKER

1. Over trading
2. Not patient enough to wait for your trade
3. Trading scared / Missing entry / Selling too soon
4. Can't let winners run
5. Can't cut losers
 
Quote from STOCKKBROKER:

1. Over trading
2. Not patient enough to wait for your trade
3. Trading scared / Missing entry / Selling too soon
4. Can't let winners run
5. Can't cut losers
More...

Stoopid poll. Only one option: Lack of Discipline.
 
My automated strategies P/F are all in the 1.3-1.7 range, I don't have many of them (only 3 live at this time), and 2 of them trade ultra-low frequency (< 5 trades / week), which essentially means drawdowns can last for months. The last once has better frequency (~ 2 / day), but huge P&L swings, making it a roller-coaster ride.

On the plus side, I am now able to run all my strategies without any interference, just a few swear words here & there.

So, my main weakness is my limited edges, not the execution side.
 
My addiction to Angry Birds. It would be nice to have a World crises edition with Extra Volatility for the best trading experience... See below:



I would just hope Wile E Coyote would not get upset for using his brand of Genus products...
 
Quote from Satan's Helper:

My addiction to Angry Birds. It would be nice to have a World crises edition... See below:



I would just hope Wile E Coyote would not get upset for using his brand of Genus products...
More...
it looks like he needs a punch..
 
I think the biggest problem for 99% of day traders is not having a winning method.

The "most people aren't disciplined" answer assumes those people have a winning system to follow in the first place.
 
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