Passionate Trading

[peedee]

I personally think about trading all the time, i can look at my charts all night long ( although it annoys my girlfriend! ). Trading should not be a means to make a quick buck, although making money is the idea behind the whole thing. Personally i think you either get into trading or you dont. I am a novice and i am still trying to find my feet, but its the best interest ive ever been into. Anythoughts, PeeDee.

 

[peedee]

P.S. Are there any meetings going on in the NorthWest area. PeeDee.

 

[FTSE Beater]

Hi Peedee

You have to be careful a passion doesn't turn into an obsession. I for one have been addicted to the markets which is a very dangerous thing and it can quickly take over your life.

They say trading finds your weakness and exploits it - well it got me.

Nothing wrong with being passionate, but everything in proportion.

 

[peedee]

FTSEBeater, have the markets gone the opposite way to what you believe, if so have you ever reversed your ideas only for the markets to obey your methods. Sound crazy i know, but beginners may try this. PeeDee.( SUICIDE! ).

 

[FTSE Beater]

Hi Peedee

It has done in the past, but now experience has taken over

If I'm long and the market then falls below my stop I'm out of the trade. If I then want to go short - the trade MUST!!! stand up for itself and certainly is not a "revenge" style move.

When I say it must stand up for itself I mean that if I was to have seen that chart for the first time would I go short - and the answer would have to be yes.


ah just read your question again. Are you referring to the above or are you talking about a complete method flip when the markets going against you:?:

 

[peedee]

No, you have answered my question, cheers. It wasnt a question as such i was trying to get to grips with what traders think sometimes. Cheers, PeeDee.