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
Quote from 1a2b3cppp:

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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Even the simplest methods "WorK". Most traders don't have the discipline to take the drawdowns that are part of the methods.

It simply comes down to cutting your losses and letting your winners run.
 
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
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Lest we forget bathroom breaks

just sayin :)

RN
 
Sports gamblers lose because the pick the wrong team.

so you must know bullish or bearish......

then the gamblers get cute and do the over/under...

don't complicate the trade....

then the gamblers bet on 5 different games...

don't do that...

so what have we learned... YOU MUST KNOW DIRECTION!!!!!

oh yea, that is impossible to know with 100% certainty.

so then try to know with 55%......

now how far will the market go? Impossible to know...

ok.....so biggest weakness is having no edge, ever....

so the only thing remains is to bet big at first....

if you truly have an edge, you should have 1 billion dollars.
 
Quote from BlueTurtle:


if you truly have an edge, you should have 1 billion dollars.
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Not necessarily. Perhaps part of your edge is using small size. Operating under the radar.It may not be scalable.
 
Quote from BlueTurtle:


if you truly have an edge, you should have 1 billion dollars. [/B]
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Do you truly have an edge? Do you have 1 billion dollars?
:D
 
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...

You need a #6) Staying awake

By far toughest problem in ES, bars get 1-3 ticks and go sideways, like watching paint dry.
 
Quote from tiddlywinks:

Stoopid poll. Only one option: Lack of Discipline.
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Well, I certainly don't agree with THAT. In my overly humble opinion, it is one of a small handful of brilliant ET polls. Go back to your tiddling.
 
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