What are you caring about instead of how you get in or out?
Why Trading is so Hard
- Thread starter John9999
- Start date
I'm caring about whether I should be in or out, depending on the signal (via limit orders for now 99pct of the time for now, probably a weak spot there...but then again, that'd be another reason why I'm here
)%%
THAT;
except pro league base ball has body physical limits trading never has;
investors do much better as group.
Forex trading can be difficult due to several reasons:
1.Market volatility
2.Lack of regulation
3.Lack of proper strategy
4.Emotional trading
5.Lack of understanding of the market
6.Over reliance on technology
7.Limited access to information and resources
But with proper time and practice you can become better and better at this.
1.Market volatility
2.Lack of regulation
3.Lack of proper strategy
4.Emotional trading
5.Lack of understanding of the market
6.Over reliance on technology
7.Limited access to information and resources
But with proper time and practice you can become better and better at this.
Trading isn't hard. It takes a couple clicks of a mouse to enter a trade and a couple more to exit the trade.
The difficult part is making a profit!!
Human emotion comes into play. We don't like pain and are programmed to avoid it. We tend to spent way too much time playing what if. What if I exit and the trade keeps going in my direction. What if I hold and the trade moves against me. What if I'm wrong, what if I'm right, fear and greed.
Sometimes the market rewards bad behavior and reinforces bad decision making, only to slap you down the next time you make the same decision. It's why in theory a well coded algo should be able to outperform a human trader.
The difficult part is making a profit!!
Human emotion comes into play. We don't like pain and are programmed to avoid it. We tend to spent way too much time playing what if. What if I exit and the trade keeps going in my direction. What if I hold and the trade moves against me. What if I'm wrong, what if I'm right, fear and greed.
Sometimes the market rewards bad behavior and reinforces bad decision making, only to slap you down the next time you make the same decision. It's why in theory a well coded algo should be able to outperform a human trader.
What if I exit and the trade keeps going in my direction.
What if I hold and the trade moves against me.
minute 11:18
https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-15#post-5162295
Yes, I totally agree with you on these points.