I thought I would take a sample of the one star thread voters, cheers. 
(note-serious poll here)
(note-serious poll here)
Why are you a losing trader?
- Thread starter tenthousandmen
- Start date
Because when the 20-MA crossed the MACD under an ass-face pattern in a market crash, I went long. I just don't understand why the 20-MA crossing the MACD under ass-face failed, it worked every time in those books. The market is rigged by the illuminati and Oprah, man.
The answer is simple - people lose because they are biased and it's just perfectly normal. They see what they want to see , they look for stuff that's not there , they 'see' things that don't exist and look for 'evidence' to support their biased approach. They keep trading because 10 years ago they won some. Countless of reasons - simplified heuristics , they heard stories, they look for similarities that are absent, they follow subjective TA / more like a cult /, etc,etc,etc.. The most important is they stay away from OBJECTIVITY and that takes its toll mercilessly.. On a more positive note, if you lose - no need to see a shrink as you are perfectly normal
Three ways to win / at least not to lose /:
1) being abnormal
2) being lucky
3) staying objective / following scientific methodology/
Amen bothers & sisters
Three ways to win / at least not to lose /:
1) being abnormal
2) being lucky
3) staying objective / following scientific methodology/
Amen bothers & sisters
Quote from clearinghouse:
Because when the 20-MA crossed the MACD under an ass-face pattern in a market crash, I went long. I just don't understand why the 20-MA crossing the MACD under ass-face failed, it worked every time in those books. The market is rigged by the illuminati and Oprah, man.
Oprah? I knew it. Dammit.
Because i am stupid shit.
I am a looser because I had a little amount in my trading account with this amount I want to be rich in no time this risky trading make me a looser. I blow up my account in greed to get more and more. I should make small profits to protect my account.
I used to lose because I didn't have an edge. I didn't even know what an edge was, I placed trades blindly sometimes they went in my direction most of the time they didn't. When they did go in my direction, I got out immediately, when they moved against me, I stayed in the trade forever hoping it would turn around, but it never did, and I used to lose 5% of my equity on one trade, sometimes more. The market was the atlantic ocean for me and I was stranded somewhere between NY and London on a rubber dingy that was quickly taking in water.
But through persistence - yes, persistence, I found my edge, nothing too complicated something simple but it works, and more importantly I realized, once I am in a trade, I am the only one that can give myself profits and I am the only one who can take a small loss. Let me repeat that: I realized I am the only one who has control over my profits and losses. So now, I stay in a trade very calmly not freaking out if the trade goes against me and take the small loss but more importantly when the trade goes in my favor I let it run using a trailing resistance band and when it wants to go no further, I take profits and I guess that is how you win on a small scale in trading.
And oh! yes! I have conviction in my trading plan, full conviction, I know over a large number of trades, I will have more winners than losers. Self confidence is key.
Thanks.
But through persistence - yes, persistence, I found my edge, nothing too complicated something simple but it works, and more importantly I realized, once I am in a trade, I am the only one that can give myself profits and I am the only one who can take a small loss. Let me repeat that: I realized I am the only one who has control over my profits and losses. So now, I stay in a trade very calmly not freaking out if the trade goes against me and take the small loss but more importantly when the trade goes in my favor I let it run using a trailing resistance band and when it wants to go no further, I take profits and I guess that is how you win on a small scale in trading.
And oh! yes! I have conviction in my trading plan, full conviction, I know over a large number of trades, I will have more winners than losers. Self confidence is key.
Thanks.