Difference between amateurs and professionals

This is a discussion on Difference between amateurs and professionals within the First Steps forums, part of the Reception category; Originally Posted by foroom lluzers Professional trader:Good trading is boring , I have nothing to do all week except wait ...

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Old Apr 30, 2017, 1:46pm   #9
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Originally Posted by foroom lluzers View Post
Professional trader:Good trading is boring , I have nothing to do all week except wait wait wait patiently , for the righ entry

Professionals understand trading phsychology

Amateur :Good trading is exciting: being scalped 3 times a day , then taking small profits and large losses getting scalped.Stress is good ,Let's say you're walking down a path and a tiger jumps out at you. Instantly, you perceive a threat and adrenaline is released. The tiger emotions is exciting , you fear ,get attacked by market , then I win .It is more like the exciting chase before the sex.

Amateurs are driven by their emotions , stress ,mistakes and ambitions , they don't understand trading psychology.

http://www.trade2win.com/boards/psyc...sychology.html

http://www.trade2win.com/boards/firs...at-mentor.html

http://www.trade2win.com/boards/firs...ml#post2893944

Yes I agree. Trading is boring as **** most of the time.Waiting for the right setup. Sometimes a whole day doing nothing. Then pouncing on the right setup. Snooze and lose.
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Old Apr 30, 2017, 5:13pm   #10
 
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Yes I agree. Trading is boring as **** most of the time.Waiting for the right setup. Sometimes a whole day doing nothing. Then pouncing on the right setup. Snooze and lose.
While waiting use that time to evaluate other strategies on a separate system.

Place another desk at right angle, a separate computer and displays. A slight turn of head to watch for your setups while you play around.
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if you have a little volatility, half an idea where sh^t will turn, and a reasonable stop, I might be able to start making $ off this venture
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Old Apr 30, 2017, 5:29pm   #11
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While waiting use that time to evaluate other strategies on a separate system.

Place another desk at right angle, a separate computer and displays. A slight turn of head to watch for your setups while you play around.
With all due respect , I have spent the last 12 years doing so and I learn something new everyday. And no doubt I will carry on learning.
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Old Apr 30, 2017, 5:34pm   #12
 
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With all due respect , I have spent the last 12 years doing so and I learn something new everyday. And no doubt I will carry on learning.
ok. thats great didn't mean to suggest otherwise or offend. i think too many may try to do too much on one setup. computers, displays and desks are cheap...i setup a separate sys just for fooling around with ideas.
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if you have a little volatility, half an idea where sh^t will turn, and a reasonable stop, I might be able to start making $ off this venture
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Old Apr 30, 2017, 5:41pm   #13
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ok. thats great didn't mean to suggest otherwise or offend. i think too many may try to do too much on one setup. computers, displays and desks are cheap...i setup a separate sys just for fooling around with ideas.
No problem. I totally agree that it takes constant testing new strategies and refinement. I like to keep things simple with not to much clutter on the charts. But so many ways to skin a cat.
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Old Apr 30, 2017, 8:30pm   #14
 
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the true difference b/w ...proffs have proffs peers to draw from. IN THE PROP OFFICE. retail, well we are mostly alone to fend for ourselves.

we can do ok too though
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Old Apr 30, 2017, 8:37pm   #15
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the true difference b/w ...proffs have proffs peers to draw from. IN THE PROP OFFICE. retail, well we are mostly alone to fend for ourselves.

we can do ok too though
Was in a prop shop for 4 years before it went tits up. Cft financials in London. Better of at home so to not overtrade.
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Old May 1, 2017, 8:47am   #16
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Yes I agree. Trading is boring as **** most of the time.Waiting for the right setup. Sometimes a whole day doing nothing. Then pouncing on the right setup. Snooze and lose.
Fear and greed are potent influences on trading, but the greatest trading problems, I find, are addictive in nature. Successful traders really want to trade; they have a passion for trading. Addictive traders need to trade; they have a passion for action and excitement.

An addictive trader will not manage his risk. That is because risk is part of the high.

Advice/opinion from a phd doctor (real doctor)
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