General discussion : Trading for newbies - Part 5 "Why always me?"

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steven1976
Posts: 1743
Joined: Tue Jan 19, 2010 6:28 am

Sun Sep 01, 2013 11:50 am

Hi Jolly,
Good to see they will have some permanent place as they could soon disappear deep into threads in 6 months and then future newbies may not always see them.

ste

burdo77
Posts: 351
Joined: Sun Jun 09, 2013 4:13 am

Sat Dec 28, 2013 11:44 pm

I might suggest that you should do some brain training games every day.

Luminosity. Com very good place to start.

All games target certain areas of the brain
Any brain game such as "response inhibition" that stimulates the frontal lobe cortex which the primary control is for emotions would be beneficial for traders.

jessicapatel123
Posts: 1
Joined: Mon Dec 05, 2016 10:35 am

Mon Dec 05, 2016 10:38 am

hello
If we break it down simply, you should only be entering trades when you have an idea of where the market is likely to move. So if you're only betting at those opportunities you should be at you max potential. If you sit by hesitating at whether to place bets and they then pass you by it's likely you'd be undertrading, sticking spurious bets into the market on a whim to be involved because nothing clear has cropped up would be considered overtrading.

I'd imagine most traders veer between the two simply because we're either trying new things out or bored/tired of watching the markets. Realistically you're trying to be the most efficient trader you can be on that particular day.

regards
jessica patel

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Mr Undercover
Posts: 221
Joined: Thu Nov 03, 2011 7:22 pm

Sat Mar 25, 2017 6:55 pm

Hi JollyGreen,

Just wanted to echo opinion, fantastic job writing these episodes and surely essential reading for new and seasoned traders alike. It's appreciated the great deal of time it must take to write and edit, you've served our community and forum well Sir!

My only advice to newbies is this is a MUST read series and keep reading over again and again while learning to trade.

cheers

trader44
Posts: 141
Joined: Wed Oct 29, 2014 1:28 pm

Tue May 16, 2017 4:17 pm

have to agree with undercover a great post and a great subject for anyone trading to read :D

GaryCook
Posts: 30
Joined: Sat Jan 27, 2018 6:35 pm

Sat Feb 03, 2018 3:52 am

Good read. Thanks.

Personally, I dont get emotional about gambling or trading.
I accepted that it may not work for me and I just do it for fun with the small chance it could make me money possibly.

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ShaunWhite
Posts: 2711
Joined: Sat Sep 03, 2016 3:42 am

Sat Feb 03, 2018 4:18 am

GaryCook wrote:
Sat Feb 03, 2018 3:52 am
Good read. Thanks.

Personally, I dont get emotional about gambling or trading.
I accepted that it may not work for me and I just do it for fun with the small chance it could make me money possibly.
You won't be emotional if it doesn't mean anything to you.

stueytrader
Posts: 199
Joined: Tue Dec 15, 2015 6:47 pm

Sun Feb 04, 2018 10:36 am

You have to place trading in a context in your life IMO, to avoid the biggest impacts of emotion. If it means everything to you, then taking losses with a cool head is more difficult for sure.

nathanrost
Posts: 3
Joined: Sun Feb 11, 2018 12:04 pm

Sun Mar 25, 2018 11:17 am

Great post for newbies indeed! I would like to add that sometimes it's just better to accept loss and understand that it couldn't had happen in another way, there was the only possible way out of the situation, kind of to believe in fate.

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