it's an impossible situation. once he goes below his acct min of 5K he's locked out of any trading.
he's dead
he's dead
Your brain, your mind, and death
- Thread starter lilduckling
- Start date
Ok.... so lets just suppose all he has to do is bring the account down to 5k
If he's trading futures it wouldn't matter and he could easily take it down to zero ... like I told you before.
LOL, I don't know why they call this a trading site.
Ive asked this question before and i am always surprised how many people just assume he would lose money.... with out any problem.
I think everyone is so conditioned to the fact that 97% of people fail in trading that they just conclude the above scenario would be the same..... loose money.
But given the above parameters..... this person would indeed have 97% chance of making money.
Which opens up more questions.
For example... could hypnosis have an affect on certain people and their trading??
Can one program their mind to shut off the fear factor of possible failure.
Failure that awaits them if they are not successful in an alloted amount of time new traders give themselves... IE 1 year..... 3 years etc?
I think its interesting when we look at this scenario
I think everyone is so conditioned to the fact that 97% of people fail in trading that they just conclude the above scenario would be the same..... loose money.
But given the above parameters..... this person would indeed have 97% chance of making money.
Which opens up more questions.
For example... could hypnosis have an affect on certain people and their trading??
Can one program their mind to shut off the fear factor of possible failure.
Failure that awaits them if they are not successful in an alloted amount of time new traders give themselves... IE 1 year..... 3 years etc?
I think its interesting when we look at this scenario
Quote from MandelbrotSet:
If he's trading futures it wouldn't matter and he could easily take it down to zero ... like I told you before.
LOL, I don't know why they call this a trading site.
If that is true.... then can one not take their accounts to new heights just as easly if the just reverse their buying or selling decisions?
As you know he will indeed have a better "chance" at profitability under your scenario than he did before. Except of course if he secretly wants out of his marriage.
You're focusing on fear of failure. Few fear failure. We're too used to it. What we truly fear is success.
Success is the true bitch because success means change. Change means separation. Separation from old friends. Family. Familiar places. A change of clothes. Of skin. Maybe literally. Change causes anxiety. Anxiety effects balance. Imbalance causes poor decision making. The rest is history.
Success is the true bitch because success means change. Change means separation. Separation from old friends. Family. Familiar places. A change of clothes. Of skin. Maybe literally. Change causes anxiety. Anxiety effects balance. Imbalance causes poor decision making. The rest is history.
hmmmm yes but, then that would mean that most people lose money trading because they're afraid of making money?
Absolutely.
And professionals-those of us who've been doing it for a zillion years become bored and dissatisfied until we get our ass kicked. We crave the weird adrenaline that only depression brings.
Pick your dream. You're biggest most ambitious be all.
Now get it.
In a month you'll be yearning for something more. Desperately. In a game of risk without rules a less than contented state can be quite dangerous. Angst drives us yet it will ultimately destroy us....
The correct answer to your question is:
He will bring his account to zero.
If you ask why, the reason is: his family will be executed if he doesn't lose all the money, on the condition that his family is more important than $25k.
Lilduckling, it seems that you have done some thinking about trading psychology. It may take your a long time to find the right knowledge. Just like people in other areas involving human contacts, they don't necessarily know the psychological underpinnings, but they do it the right way or simply follow the inherited way. In trading, successful traders may not know the psychological reasons, but they make money.
If you read the popular books on trading psychology, you will NOT get the correct answer, be it Tharp or Steenbarger. Neither of the two authors understands the trading psychology.
I read a few books on trading, only one author (a trader himself) mentioned, very briefly, the right term associated with the correct trading psychology.