The End. Tales, ramblings and other stuff from a Full-timer (ex)

Piece of chewing gum stuck a park bench, do you...?


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cablemonster

0 0
If you try a bit of Buddhism like cv, perhaps things will suddenly be all clear. Buddhist meditation could well be effective in a loosing streak also.

nah that's not my bag. I prefer to troll the internet for kicks. ;)
 
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VielGeld

Experienced member
1,421 179
this raises interesting questions about why we go 'on tilt'. Is it to 'win' the money back, is it because we find it hard to be wrong. Are we self sabotaging ourselves? are we addicted to the rush of winning and losing, are we gambling? are we addicted to gambling? why are we trading, find life boring? trading is a constant voyage of self discovery and it takes someone special to remain calm and rational at all times, very hard to unlearn bad habits and manage existing character traits. trading is tough. good luck OP

I think it happens if you lose too much, too many times. That snapping point is different for everyone, but we all have it. The key is having the maturity to recognize that point, turn off the computer, and just walk away for a while self-destructive tendencies go away.

I've been there myself, and it ain't pretty. Just this past week or two I had some -100 pip trades which is out of proportion for me, but I'm also re-evaluating my trading to ensure these don't happen again.

And yes, it is a journey -- hopefully one you don't blow out on.
 

BeginnerJoe

Senior member
3,329 350
I've been there myself, and it ain't pretty. Just this past week or two I had some -100 pip trades

I never been there. I was up and down 150 pips recently in a 300 pips move. It didn't move me the slightest. I was calm like a buddhist. There may be some truth to my greed. I was hoping for a 1000-2000 pips move. Maybe I should have been content and happy like everyone else for getting 20 pips.
 

VielGeld

Experienced member
1,421 179
I never been there. I was up and down 150 pips recently in a 300 pips move. It didn't move me the slightest. I was calm like a buddhist. There may be some truth to my greed. I was hoping for a 1000-2000 pips move. Maybe I should have been content and happy like everyone else for getting 20 pips.

From what I've seen of your account, you trade quite small, so I don't doubt your claim of Zen serenity, which brings me to ask if you have you ever lost thousands of dollars in a single trade (especially when you couldn't afford it)?

It's a singular experience I hope you don't get to experience. It is also quite the sickening punch to the gut that can be hard to recover from. You definitely would need to be a Buddhist to keep calm.
 
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BeginnerJoe

Senior member
3,329 350
From what I've seen of your account, you trade quite small, so I don't doubt your claim of Zen serenity, which brings me to ask if you have you ever lost thousands of dollars in a single trade (especially when you couldn't afford it)?

I can't eliminate the element of gambling from the market casino, especially with my view on price manipulation, so I don't bet 1000's. I'd like to see someone else here do it in forex though.
 

random12345

Established member
793 280
Time to show of my masochistic personality disorder:rolleyes:

Right then, this is where stubbornest,ignorance,frustration (outside of teh tarding) and a healthy dose of a full on meltdown will get you after pretty much 5 years of teh trading managing to avoid such situations and gradually making more paper than I louost n like surviving n stuff.
Looking back on the occasion I can see where I went wrong, ****ing everywhere! I had no right to be gambling like **** and should have wrapped up for the year but no c*ntyboy was gonna see out the year with a big un and look at buying a house. YSLC. you stupid little ****, what a dumb ****! I was over doing crazy **** like this a couple of years ago and never did I rack up 300pp pozzy and hold on for dear life. Guess I did the right thing eventually, if I was still holding on now I would be boned hard right in the ****ter.

Below is what an irrational, frustrated, and extremely stubborn ***** statement looks like after going on tilt and flipping like a cheese omelette. Probably best avoid doing this as it's kind of painful.
I have another account (hedging acc. in case of broker probs.etc. not used for hedging on this occasion though. YSLC) to bring my total losses for six weeks up to an amount which will make my todger limp for the next 3 years!

Right then, this is not for the faint of heart so don't look if you're a pussy faggot with shriveled up knadgers. If you want some lulzy shiz av a gander!
None of ya photoshop 300000% after work whilst banging the neighbours wife here. Just real, hard pain fool.
Don't let it happen to you! YSLC's

Oh yeah I'm offering mentoring services if anyone's interested, seems like the dun thing wen this **** happenz(y)

Kin hell sharky's sent a arthritic carrier pigeon with cataracts to collect the the attachments. can't upload those mo-fo's atm. (n)

That's an impressive losing streak you've put together, sorry to see that. Though it's even more impressive that you managed to extract 5 years of value out of the FTSE in the first place....
 

Lee Shepherd

Senior member
2,164 573
How very true, especially on a loosing streak. Naturally I am not talking about the OP. When someone can admit his error, his error is already fixed.

I would strongly disagree with this statement when it comes especially to the financial markets, although I have seen it in many other fields and walks of life.

I know personally of 3 (trading) people over the last few years that know exactly what they done wrong, they blamed themselves, called themselves a c**t, analysed the trades and everything else related for them to understand where and how they went wrong.

Needless to say, when they traded again and within a very short time were back doing the exact same thing, hence they got the same result again and again.

Now this really is true madness.
 

Vasco da Banana

Established member
699 121
I would strongly disagree with this statement when it comes especially to the financial markets, although I have seen it in many other fields and walks of life.

I know personally of 3 (trading) people over the last few years that know exactly what they done wrong, they blamed themselves, called themselves a c**t, analysed the trades and everything else related for them to understand where and how they went wrong.

Needless to say, when they traded again and within a very short time were back doing the exact same thing, hence they got the same result again and again.

Now this really is true madness.

Is one of these three (trading) people you, by any chance? :)
 

Lee Shepherd

Senior member
2,164 573
Is one of these three (trading) people you, by any chance? :)



:LOL:

Fortunately not, or maybe unfortunately - its an experience I can live without though. I was very blessed that I had my dad guide me when I was 13 years old so I was lucky to be taught all the usual bad habits from a young age. Trading ways (not the principle) was a very different game back then, however, the people involved were not.

Lee
 

Shakone

Senior member
2,458 665
:LOL:

Fortunately not, or maybe unfortunately - its an experience I can live without though. I was very blessed that I had my dad guide me when I was 13 years old so I was lucky to be taught all the usual bad habits from a young age. Trading ways (not the principle) was a very different game back then, however, the people involved were not.

Lee

It's tough when you have personal flaws, compulsive behaviour, self-destructive habits and so on. Bad habits can be a killer in this game.

I've certainly struggled with some over the years. The good news is that you can change your behaviour if you want it enough.
 

Lee Shepherd

Senior member
2,164 573
It's tough when you have personal flaws, compulsive behaviour, self-destructive habits and so on. Bad habits can be a killer in this game.

I've certainly struggled with some over the years. The good news is that you can change your behaviour if you want it enough.

Hi Shakone,

That's a tough one, about changing the behaviour. I would like to believe so but I really think its far more harder than anyone (even I) thinks.

Behaviour traits are so distinct but yet can be so hidden. Going down an extreme avenue but why do some kill, some get depressed (manically or otherwise, chemically or emotionally), some go into organised crime and do very well and some go into (legal) management and do really well....whilst others can try but are simply not cut out for it.

Psychology is a very interesting subject that even most psychologists don't even understand parts or all of.

This is the real and main part of trading, after all its only numbers going up and down. How hard can it be.

Lee
 

Shakone

Senior member
2,458 665
Hi Shakone,

That's a tough one, about changing the behaviour. I would like to believe so but I really think its far more harder than anyone (even I) thinks.

Behaviour traits are so distinct but yet can be so hidden. Going down an extreme avenue but why do some kill, some get depressed (manically or otherwise, chemically or emotionally), some go into organised crime and do very well and some go into (legal) management and do really well....whilst others can try but are simply not cut out for it.

Psychology is a very interesting subject that even most psychologists don't even understand parts or all of.

This is the real and main part of trading, after all its only numbers going up and down. How hard can it be.

Lee

Certainly it is tough Lee, and not done in a day or a week. But there are techniques that can help you change. And they can make startling differences to your everyday life, and your reactions to situations. As a simple example for the short term, people's reactions and feelings can be affected just by a good night's sleep, some sunshine, healthy food and some exercise.

Some people perhaps have no such issues, and you may be one of them, so you won't have needed to worry about this. As you say, it is an interesting topic. I don't know what % of people have phobias, anxieties, bad habits etc. but I'd guess it's pretty high.
 
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cablemonster

0 0
whether you think you can change or not you are probably right;)

when I last saw my brother he lit up a cigarette, he said it was his last pack and it was a temporary blip. I have lost count how many times he has said something similar. :LOL: still smoke like a trooper.
 
 
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