How Difficult is it to Trade?

This is a discussion on How Difficult is it to Trade? within the New to Trade2Win forums, part of the Reception category; Originally Posted by piphoe Darn near impossible. The learning curve is brutal, hesitate to say even that because implies that ...

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Old Aug 1, 2016, 12:24am   #113
Joined May 2016
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Originally Posted by piphoe View Post
Darn near impossible. The learning curve is brutal, hesitate to say even that because implies that its 'learnable' at all. Not like becoming a doctor, accountant, a plumber or electrician. Nothing like da da da da da, memorize THIS and you know your stuff. Go make $ Nope.

Biggest problem I have in a trade is not the loosers, I know those. It's the WINNERS! Where do I get out?

I know what your saying, "that's a nice problem to have"?

Well,

Stay in too long give it all back. and then some is a real issue I struggle with.

got to know when to get out your winners as well your loosers!

got to know both sides of YOUR coin, fear & greed (loosres & winners)

they both tug at you all day everyday!

i overcome the fear part, working on the greed part.

Do you have something that tells you when to get out of a losing trade? If so, then why not something that tells you when to take profit?

Do you have a trading plan? If not, then this would help to make those profit taking decisions for you.
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Old Aug 1, 2016, 7:44am   #114
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Quote:
Originally Posted by piphoe View Post
Darn near impossible. The learning curve is brutal, hesitate to say even that because implies that its 'learnable' at all. Not like becoming a doctor, accountant, a plumber or electrician. Nothing like da da da da da, memorize THIS and you know your stuff. Go make $ Nope.

Biggest problem I have in a trade is not the loosers, I know those. It's the WINNERS! Where do I get out?

I know what your saying, "that's a nice problem to have"?

Well,

Stay in too long give it all back. and then some is a real issue I struggle with.

got to know when to get out your winners as well your loosers!

got to know both sides of YOUR coin, fear & greed (loosres & winners)

they both tug at you all day everyday!

i overcome the fear part, working on the greed part.
alongside the other comment in I would also look to split your contracts .................you can then peel out of a position as you make more and more profit.........50% of something is better than 100% of nothing if the trade spikes back on you

also take a look here re exits ........

http://www.trade2win.com/boards/fore...ex-market.html

N
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Old Apr 12, 2017, 2:39pm   #115
Joined Apr 2017
The most important aspect of succesful trading is trading phsychology.Successful trading is 80% psychology and 20% methodology. Phsychology knowledge is a must for every beginner.If they find an edge or a method or any system , it will be totally useless , if they can not execute the edge ,without the right mindset.Human autonomic nervous system is not wired to handle stressful mental activities LIKE TRADING.When your brain does not function (phsychology) in real time , everything else is wort zero , because the brain can not give accurate commands to trade , as required by systems etc.

http://www.trade2win.com/boards/psyc...sychology.html
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Old Apr 12, 2017, 6:16pm   #116
 
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Joined Oct 2015
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Originally Posted by foroom lluzers View Post
The most important aspect of succesful trading is trading phsychology.Successful trading is 80% psychology and 20% methodology. Phsychology knowledge is a must for every beginner.If they find an edge or a method or any system , it will be totally useless , if they can not execute the edge ,without the right mindset.Human autonomic nervous system is not wired to handle stressful mental activities LIKE TRADING.When your brain does not function (phsychology) in real time , everything else is wort zero , because the brain can not give accurate commands to trade , as required by systems etc.

http://www.trade2win.com/boards/psyc...sychology.html
I don't know how anyone can apportion 80% of successful trading to psychology alone. Suggests that a valid edge is only one-fifth of success? The better my edge the less i need emotional fortitude. Your mind can be a steel trap but you will lose winning only 1 out of 5 trades where your (strong)mind is holding on to losing trades. Discretionary traders ie those that are not coded may need a stronger psyche to handle the drawdowns because they can't objectively define where its all going wrong.

I apportion discretionary successful trading at worst 70% edge/30% psyche.
__________________
When you start to think you can create smthg from nothing, it's very difficult to resist

money from nothin!

you can't beat the algos

At the end of the day, the pressure on the human player facing the machine is simply unbearable.

scared $ never makes $

this is not a pip-free zone!
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Old Apr 12, 2017, 8:53pm   #117
Joined Apr 2017
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Originally Posted by piphoe View Post
I don't know how anyone can apportion 80% of successful trading to psychology alone. Suggests that a valid edge is only one-fifth of success? The better my edge the less i need emotional fortitude. Your mind can be a steel trap but you will lose winning only 1 out of 5 trades where your (strong)mind is holding on to losing trades. Discretionary traders ie those that are not coded may need a stronger psyche to handle the drawdowns because they can't objectively define where its all going wrong.

I apportion discretionary successful trading at worst 70% edge/30% psyche.
Technical trading is a very simple process .The hard part is the phsychology

Most people are not successful when it comes to trading. Why?

Van Tharp Phsychologist " At the most basic level, people must trade by processing information. Unfortunately, we're not very efficient information processors , realizing that trading/investing are very simple processes and we human beings try to make it into something much more complex. Those biases are all about adding complexity to the world.

Is it really that simple?

Consider the trading rules that work: 1) follow the trend; 2) let your profits run; 3) cut your losses short; and 4) manage your money (i.e. risk) so you can stay in the game. If you design something around following those rules, you'll make a lot of money. But when a great trader says, "That's what I do," the average person responds, "Yes, but tell me what your real secret is." This all about Trading Psychology , the hard part .
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Old Apr 12, 2017, 9:03pm   #118
 
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Quote:
Originally Posted by foroom lluzers View Post
Technical trading is a very simple process .The hard part is the phsychology

Most people are not successful when it comes to trading. Why?

Van Tharp Phsychologist " At the most basic level, people must trade by processing information. Unfortunately, we're not very efficient information processors , realizing that trading/investing are very simple processes and we human beings try to make it into something much more complex. Those biases are all about adding complexity to the world.

Is it really that simple?

Consider the trading rules that work: 1) follow the trend; 2) let your profits run; 3) cut your losses short; and 4) manage your money (i.e. risk) so you can stay in the game. If you design something around following those rules, you'll make a lot of money. But when a great trader says, "That's what I do," the average person responds, "Yes, but tell me what your real secret is." This all about Trading Psychology , the hard part .
sounds great.

a couple a Q's pls:

Define a trend.

'Define a good stop.

the rubber is where it's meets the road.
__________________
When you start to think you can create smthg from nothing, it's very difficult to resist

money from nothin!

you can't beat the algos

At the end of the day, the pressure on the human player facing the machine is simply unbearable.

scared $ never makes $

this is not a pip-free zone!
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Old Apr 12, 2017, 9:09pm   #119
Joined Apr 2017
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Originally Posted by piphoe View Post
sounds great.

a couple a Q's pls:

Define a trend.

'Define a good stop.

the rubber is where it's meets the road.
This is a homage to those days of 'spank the bucket shop' which I enjoyed but did not participate. The idea was to put £100 into an account get the bucket shop to match it and tard it up to the max. Well they don't do that any more so its all my own money, all £300 (inflation you know).

http://www.trade2win.com/boards/trad...-tard-can.html

This is like trading demo accounts

http://www.trade2win.com/boards/educ...ml#post2890818
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Old Apr 12, 2017, 10:38pm   #120
 
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Originally Posted by foroom lluzers View Post
This is a homage to those days of 'spank the bucket shop' which I enjoyed but did not participate. The idea was to put £100 into an account get the bucket shop to match it and tard it up to the max. Well they don't do that any more so its all my own money, all £300 (inflation you know).

http://www.trade2win.com/boards/trad...-tard-can.html

This is like trading demo accounts

http://www.trade2win.com/boards/educ...ml#post2890818
Its like trading demo accounts?

Apart from the fact
It IS real money and real profits.
It is real fills and not demo fills.

Apart from that its just like trading a demo account

Check out all the people who tried and failed to make it work in the links below. Have YOU tried it? If not you don't really know what your talking about!

Demo trading is easy according to you, and if it is just like demo trading, show us how easy it is and post your efforts.
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