Has trading made you cry like a baby?

[JRP2891]

This is the one to guarantee your anonymity, if you don't want to to admit your trading Niagara falls. Has trading reduced you to tears?

 

[Black Swan]

never reduced me to tears but the swearing/talking (shouting) to or at myself was choice in the early days, banging my head against the keyboard and looking at the line graph through fingers was another, but we all do that right guys....don't we...?...Now I just shrug shoulders and go again.

 

[barryb]

Yes it has, not my finest hour.

 

[Black Swan]

where's that infamous video clip of it all going Pete Tong for a day trader in the US, it did the rounds a year or so back?

 

[karl6666]

Nearly

Blow £3000 in 20 mins on the DOW

 

[karl6666]

correct

At the end of the day it's just a bloody job and it's just money. The day trading makes me cry is the day I quit. Forever.

PEOPLE however can make me very unhappy. Not a big fan of office politics etc when it all goes bad, but if a trading situation makes you cry then you're taking it waaaaaayy too personally imho.

GJ

Correct Gammajammer

If your crying you are definately not upto it, I blow my brains out on that trade because I didnt know what I was doing, manage the dosh properly and no tears.....

karl

 

[DaxDestroyer]

Swearing, yes

Crying? No reason for.

Sentiments disrupt trading usually. So if I get emotional (on BEARnanke i.e.), I make a break.

The worst emotion though is overconfidence paired with complacency.

This can be costly, so be aware of it.

 

[Black Swan]

Swearing, yes

Crying? No reason for.

Sentiments disrupt trading usually. So if I get emotional (on BEARnanke i.e.), I make a break.

The worst emotion though is overconfidence paired with complacency.

This can be costly, so be aware of it.

Anger's good though eh if used constructively? Early days, when I went through a rights of passage, I was utterly fookin determined to make it work, to not lose. I remember going on a run in the freezing cold with the wind and rain blasting me back and feeling like I'd never stop (it was wet dripping down my face, but it could have been tears I was that livid with myself). I felt my heart would burst I was that angry, but it helped me focus/purge my own demons. I knew there had to be a better way to trade using TA and I found it, finally found my edge and discovered a lot about myself too..

In some ways I re-discovered a healthy aggressive tendency that is essential to making my trading work. Keep your discipline, manage your money but get the fook in there and make it happen. This is not a passive exercise, it is not a drill, it's real it's raw and if/when you get it right it's to die for...or die trying.

 

[porph]

I don't think I've cried. I've had that feeling when things go bad and it feels like all the air has been sucked out of you. That must have been a good 18 months ago at least.

I have felt far worse during/after a football game then due to trading.

 

[shadowninja]

where's that infamous video clip of it all going Pete Tong for a day trader in the US, it did the rounds a year or so back?

Somewhere in my sig, I think.

 

[graz]

I was gold-fingered (yup the middle one) only last week...
I was following the trends...(forgot to check the news the fed were introducing QE)
Must be a short on gold...
Placed my trade at 6:14..
Then my titanic hit the iceberg at 6.15..
Gold rocketed like a Saturn 5..
Luckily i had gone long on GBP/USD..
You win some you lose some..!!

 

[DDR]

Trading madness

Glad I'm not the only one that vented serious frustration.
It was no the markets fault that my LCD screen grew wings and flew through the office door !! I guess I should have unplugged it first ... lol
Early days ...... Now if not in sinc with markets I just close down for the day its saved me thousands.

 

[new_trader]

There are things worse than crying. I call them my dark days which often go on for a week or more. This is where I barely have the enthusiasm to get out of bed and things get neglected, I haven’t opened some of my mail for weeks! Trading has put me there many times but it has nothing to do with losing money. I think it goes beyond the losses. It is the feeling of failure and despair because everything you try seems to fail and you can’t figure out why. My most uttered phrase both in live trading and practice has been: “How do they know what I’m doing???”

 

[donaldduke]

This is the one to guarantee your anonymity, if you don't want to to admit your trading Niagara falls. Has trading reduced you to tears?

If you are trading with money you cannot afford to lose then trading will make you cry.

Otherwise its easier to be robocop.

 

[DDR]

Trading and You

There are things worse than crying. I call them my dark days which often go on for a week or more. This is where I barely have the enthusiasm to get out of bed and things get neglected, I haven’t opened some of my mail for weeks! Trading has put me there many times but it has nothing to do with losing money. I think it goes beyond the losses. It is the feeling of failure and despair because everything you try seems to fail and you can’t figure out why. My most uttered phrase both in live trading and practice has been: “How do they know what I’m doing???”

The real challenge is to keep well away from those things that put us in these dark places.
I understand your views. I've been there ... usually because of trading against the trend, moving out of stops or impulse trading. It is my opinion that if your trading plan which includes entry criteria money management and exits, if these things are not CONCRETE in your being then it is likely we will all go there again. Lessons will repeat over and over until you either quit or get mentally ruined. Trading anything less than 15 min charts can conflict with many traders without them knowing it. It all depends on how your brain is wired. Short term trading such as daytrading 5 min charts can completely demorilize a trader not because of his inexperience but because the mind processing speed of signals needs to happen very quickly. Maybe your not wired this way ..... If your not accustomed to this then your trading will suffer. On the other hand if trading daily charts gives you a feeling of being able to realisticly trade with confidence then this is the missing link to your trading delema. A good trading plan should be universal on any time frame. Try daytrading later. If a proper entry is executed on a daily chart you trade less which means less screen watching time wasted and your points gain will go up. For example in this chart I would daytrade all the way down ocassionally trading against the trend as I unexplanably do some times so my profits would be given back at some stage..... WASTE OF TIME.... realised. Not to mention the "not seeing the forest from the trees syndrome" When the trend finally changes.
Now if I just checked daily charts 1 hour before close everyday you would have more chance of spotting the CHANGE IN TREND. You would have remained objective and thats very important intrading !
Your gain would grow exponentially in 2 ways 1 in points gains and 1 in less time involvement for the gain.
This post is mainly about my own realisations .... Perhaps I'm alone in these thoughts but if not then I hope it can assist others to not make the same mistakes.
Its much cheaper to learn from other traders mistakes.

Cheers
DDR

 

[new_trader]

Study, practice and realisations! Good post.

A good trading plan should be universal on any time frame.

Yes.

This post is mainly about my own realisations .... Perhaps I'm alone in these thoughts but if not then I hope it can assist others to not make the same mistakes.

You are not alone.

Good post.

 

[case777]

No. It has made me laugh though.

 

[yacarob1]

Trading has never made me cry but I did have to go out a couple of years ago and buy a few pairs of brown trousers and bicycle clips.

 

[DaxDestroyer]

Trading has never made me cry but I did have to go out a couple of years ago and buy a few pairs of brown trousers and bicycle clips.

My first day on the floor I felt like death was lurking around the corner to get me

 

[Joey25]

This is the one to guarantee your anonymity, if you don't want to to admit your trading Niagara falls. Has trading reduced you to tears?

Feel like it at the minute mate.

I've switched to going for home runs at the compromise of a lower win rate, no scaling out either, and it's so stressful.

Keep having to check the a/c balance because I feel awful...