Hi! I’m Mr Short and I’m a bad forex trader! (the AA for bad traders) | Page 3 | Forex Factory

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Hi! I’m Mr Short and I’m a bad forex trader! (the AA for bad traders)

  • #41
  • Feb 28, 2013 4:28am Feb 28, 2013 4:28am
Quoting mr.marketz
The bad news is people with your type of psychological makeup are drawn to markets like moths to a flame. Which is unfortunate due to your/their self-destructive nature.

Consider that last 4 years as the amount of time it took you to become conscious of your ailment. Now it's time to work the 12 step. Hang in there long enough, and it's yours.
Quoting Stephen Thom
Hi Mr Short,
Great post (and all the other guys)... Getting into a trade is simple but MM once in the trade is everything. Very entertaining post and i wish you every success with your trading.
Quoting forexsaint
Very good read; most new traders would see something in common there.

Get RID(/fix) of all of them else RID yourself off the markets.
Quoting BBCMicro
I'm gonna back up the dummy here - If you can't demo trade sucessfully you absolutley will not trade profitably live. If you can demo trade sucessfully then you will probabely still fail to trade sucessfully live.

Breaks the whole adventure up into smaller bite sized chucks

BBCMicro

Thank you guys,

I really appreciate the feedback and the support!

I think all of you have different but important views about these issues!

I can assure you one thing... I'll keep at it, calmly but surely!
Until it works!
Cheers to you, fellow traders!
  • #42
  • Oct 4, 2013 7:56am Oct 4, 2013 7:56am
This is such a great thread so I just wanted to bump it.

Hilarious! It's made a boring day, with no trades, brighter.
  • #43
  • Oct 4, 2013 7:59am Oct 4, 2013 7:59am
Quoting jen101
This is such a great thread so I just wanted to bump it. Hilarious! It's made a boring day, with no trades, brighter.
Thank you for the support jen101. The thread is still alive...

Cheers
Mr Short
  • #44
  • Oct 4, 2013 8:07am Oct 4, 2013 8:07am
Hello Mr Short. How is the trading these days?
  • #45
  • Oct 4, 2013 8:14am Oct 4, 2013 8:14am
Quoting jen101
Hello Mr Short. How is the trading these days?
My day job demanded too much of me. I had to make a choice.

I wasn't giving trading enough time and discipline. So I decided that, for the meantime, I should stop trading.


I still look at charts and try to get the feel. But I don't put in the trades...



But i am glad to say that every since the beginning of this thread my trading skills improved immensely. I have been getting positive results. loosing a few, winning a few, but the wins covered for the losses, so... not bad
  • #46
  • Oct 4, 2013 8:20am Oct 4, 2013 8:20am
Good for you! Thanks for the entertainment though... at your own expense
  • #47
  • Oct 4, 2013 8:34am Oct 4, 2013 8:34am
Quoting jen101
Good for you! Thanks for the entertainment though... at your own expense
I think that, unconsciously, I’m still looking for the wholly grail, unfortunately.
Looking for the definite method is natural and instinctive… the way our brain reacts to a problem… it tries to solve it in a definite way…


The thing is that in trading conditions, randomness presents us with a definite and unbreakable problem. We cannot know what is going to append next.


For an intellectual arrogant, trading is the definite humbling game! That’s what I love about it. Gets my butt kicked every timeJ
  • #48
  • Oct 4, 2013 8:59am Oct 4, 2013 8:59am
from your post i can see you have what it take to join the 5% club.
you may need however still some time to stabilize the up and down emotional cycle (maybe some years?) and get some more experience in the process.
in other words, you are in the good path, it just need time.

Cheers!
  • #49
  • Oct 4, 2013 9:08am Oct 4, 2013 9:08am
Quoting spaceduck
from your post i can see you have what it take to join the 5% club. you may need however still some time to stabilize the up and down emotional cycle (maybe some years?) and get some more experience in the process. in other words, you are in the good path, it just need time. Cheers!
Thank you for your words, Spaceduck.

I hope you have found the way and got to the 5%

Cheers and good trades 4 you
Mr Short
  • #50
  • Oct 4, 2013 9:17am Oct 4, 2013 9:17am
In my humble opinion, you have many good traits to become a profitable trader. The one u need to lose is
arrogance. Learning to take a loss and and accepting it is very important in my opinion.
  • #51
  • Oct 4, 2013 9:23am Oct 4, 2013 9:23am
Quoting garymiles
In my humble opinion, you have many good traits to become a profitable trader. The one u need to lose is arrogance. Learning to take a loss and and accepting it is very important in my opinion.
I tottaly agree with you Garymiles. Working on it

Losing arrogance is not easy...

Cheers
Mr Short
  • #52
  • Oct 4, 2013 10:07am Oct 4, 2013 10:07am
Quoting MrShort
{quote} I think that, unconsciously, I’m still looking for the wholly grail, unfortunately. Looking for the definite method is natural and instinctive… the way our brain reacts to a problem… it tries to solve it in a definite way… The thing is that in trading conditions, randomness presents us with a definite and unbreakable problem. We cannot know what is going to append next. For an intellectual arrogant, trading is the definite humbling game! That’s what I love about it. Gets my butt kicked every timeJ
There is an interesting thread going at the moment about personality types. It would be interesting to see where you fit in. I'm not sure if being an intellectual is a help or hindrance. Intellectuals tend to be perfectionists - hence you look for the holy grail. Also perhaps a tendency to over analyse? Over complicate things? More complicated doesn't mean better, it means more complicated. You will never get perfection in trading, probably not even close. What I have learnt is that profitability of any sort (no matter how crap) is to be appreciated .
  • #53
  • Oct 4, 2013 10:15am Oct 4, 2013 10:15am
Whoever wrote this article its all about me.
simple is better
  • #54
  • Oct 4, 2013 11:07am Oct 4, 2013 11:07am
I must say this is a best thread in FF. thumb up.
SVT refer to mql5 link
  • #55
  • Oct 4, 2013 12:28pm Oct 4, 2013 12:28pm
Quoting SubheadSeven
I must say this is a best thread in FF. thumb up.
Thank you for your kind words SubheadSeven!

Cheers and good trades 4 you!

Mr Short
  • #56
  • Oct 4, 2013 12:29pm Oct 4, 2013 12:29pm
Quoting kampred
Whoever wrote this article its all about me.
I think it's all about all of us

Cheers
Mr Short
  • #57
  • Oct 4, 2013 12:44pm Oct 4, 2013 12:44pm
Quoting jen101
{quote} More complicated doesn't mean better, it means more complicated. You will never get perfection in trading, probably not even close. What I have learnt is that profitability of any sort (no matter how crap) is to be appreciated .
I agree with you jen101. The tendency to complicate comes from our need for control! When things turn around exactly the opposite way we thought it would and all the complicated gadgetry we used seems useless, you get desperate. Desperation come from the evidence that you don't have control. Intellectuals most of the times are control freaks...

The need for control is something we should overcome when trading! The only thing we can control is ourselves!
  • #58
  • Oct 4, 2013 2:31pm Oct 4, 2013 2:31pm
So probably the best place to be is somewhere between intellectual and stupid
  • #59
  • Oct 4, 2013 2:44pm Oct 4, 2013 2:44pm
You probably want to trade in higher time frames in order to get better results. At least that worked with me. Look at the big picture, like weekly charts then go down to the daily and from there make your trading decision. Find out on the charts your support and resistance and where price is between those two. I hope that helps a little bit for now.

Take care!

Magic
  • #60
  • Oct 4, 2013 3:40pm Oct 4, 2013 3:40pm
Quoting jen101
So probably the best place to be is somewhere between intellectual and stupid
LOL... you know, intelectual doesn't mean smart... many times means the exact opposite

Rationalisation is a defense mechanism! Ask Freud!

Simplicity should be the key!
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