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Trading is Extremly hard!

  • #81
  • Apr 6, 2017 3:50pm Apr 6, 2017 3:50pm
Quoting HeyYou
{quote} Starting is always difficult. If you could just remember your first breath...
cant remember this time ;-). but trading is not so difficult if you know math, nothing more difficult then playing backgammon (but of course with much much more risk against backgammon), you only need to find your strategy. doing it complicated is possible way , but all i have seen doing it easy way had no problems and emotions problems (the most easy problem in trading by the way) did not come in general. its often just a matter of how you do it, what steps you do, how good you are in math to help you not get greedy,....

i cant speak only for what i have seen.
  • #82
  • Apr 6, 2017 4:01pm Apr 6, 2017 4:01pm
Quoting dukas_trader
{quote} cant remember this time ;-). but trading is not so difficult if you know math, nothing more difficult then playing backgammon (but of course with much much more risk against backgammon), you only need to find your strategy. doing it complicated is possible way , but all i have seen doing it easy way had no problems and emotions problems (the most easy problem in trading by the way) did not come in general. its often just a matter of how you do it, what steps you do, how good you are in math to help you not get greedy,.... i cant speak only...
so why not showing a live te, IMO it doesn't matter how good you are in THEORY.
  • #83
  • Apr 6, 2017 4:33pm Apr 6, 2017 4:33pm
Quoting HeyYou
{quote} so why not showing a live te, IMO it doesn't matter how good you are in THEORY.
because for what, i dont look for money to manage.
for need questions about entries? discuss about details of strategies that are combined together to one big so i would need to speak about all that you can understand? when many trade same edge, there isnt any edge anymore.

i will answer your questions if you have any, but i dont want tell entries.
i dont know why people show here entries , maybe because they dont have problems to get their trading amounts filled, because they look for managing accounts or money, or because they need help with their trades.
for me the questions is more, why someone is showing te, not why not showing.
  • #84
  • Edited 1:53am Apr 7, 2017 12:41am | Edited 1:53am
Quoting dukas_trader
{quote} because for what, i dont look for money to manage. for need questions about entries? discuss about details of strategies that are combined together to one big so i would need to speak about all that you can understand? when many trade same edge, there isnt any edge anymore. i will answer your questions if you have any, but i dont want tell entries. i dont know why people show here entries , maybe because they dont have problems to get their trading amounts filled, because they look for managing accounts or money, or because they need help...
Yea I mean a live myfxbook ... also fxblue and fxstat allow you to hide the trade history... it's just to prove your point !

Lets put it this way: gambling is easy, trading is a profession or a hobby that requires time and effort to learn.. it cannot be easy immediately , EVENTUALLY after years of "tears" it can become easy.
  • #85
  • Apr 7, 2017 2:22am Apr 7, 2017 2:22am
Uncontrolled emotions that make trading becomes difficult
  • #86
  • Edited 10:36am Apr 7, 2017 2:32am | Edited 10:36am
Quoting dian1307
Uncontrolled emotions that make trading becomes difficult
Let it flow. the key is being aware of them so that you get to know yourself, then you can find something that works for you.
  • #87
  • Edited 6:37am Apr 7, 2017 6:04am | Edited 6:37am
Quoting dian1307
Uncontrolled emotions that make trading becomes difficult
in general this can not really happen, if it happen you did something wrong. emotions are really the absolute smallest important thing in trading.

there are only 5 possibilities you can get in to much emotions and think its your biggest problem:

- you are wrong and its not the biggest problem
- you trade with to high lots, big risks, money you cant lose.... at the end to much money for get your mind not thinking about
- you have some psychological problems because of burn out, desease or whatever
- you have reached all your goals so this smallest problem is on the end your biggest problem, because all other is done after getting experience and very good profits over time
- a flash crash, special unlucky big news (like atom reactor break, war,...)

i have never seen it different way. i cant really understand why people hold on the smallest problem in trading so much, many had wrong teachers or read to much in wrong books or wrong threads. losses are part of the game, every good trading system has its drawdown periods. many have more problems with wrong bad trading systems and thatswhy their emotion problems, or bad math knowledge, extrem martingale user, to greedy, stupid wrong done backtests, to less market knowledge,........ and so on. emotion problems are only the result not the source.

on the end, if emotions are not someones smallest problem (without the 5 reasons) , he did something really wrong. he simple need to find what it is. not without a reason there is one big investor rule: never ever believe in someone who has emotion problems by trading. when the smallest problem is for him the biggest, you cant trust in his trading style.

if you see some people in seminars or what ever speak about controling emotions, you know you have a stupid teacher in front of you and start running away. in genereal it should not be possible ,without some special market extrem conditions, that an emotion can be a problem when someone teachs trading. this can onyl happen when teached wrong. so when he is speaking about controling emotions, you know allready that this person have no clue about trading process done in correct way.
  • #88
  • Apr 7, 2017 6:36am Apr 7, 2017 6:36am
Quoting michisuperfr
First it's extremely hard and then it's extremely boring
I don't think that making money can ever be boring. Profiting is never boring to me.
  • #89
  • Apr 7, 2017 8:11am Apr 7, 2017 8:11am
Quoting mlawson71
{quote} I don't think that making money can ever be boring. Profiting is never boring to me.
it can be boring, because you get used to it. in the beginning is 1000 normal for you, then 10000, then 100000. its just normal after some years.

and trading can be boring when all is running very good, you simple wait, put some SL on new points and do many other things same time to enjoy live.
when trading is not running very well, you are not bored, but better other way.

some are also using many expert advisors, this people are much bored even faster, because even less work to do.
  • #90
  • Apr 7, 2017 8:49am Apr 7, 2017 8:49am
Quoting dukas_trader
{quote} it can be boring, because you get used to it. in the beginning is 1000 normal for you, then 10000, then 100000. its just normal after some years. and trading can be boring when all is running very good, you simple wait, put some SL on new points and do many other things same time to enjoy live. when trading is not running very well, you are not bored, but better other way. some are also using many expert advisors, this people are much bored even faster, because even less work to do.
amen to that... I manage my EA once per week, I watch my EA, sometimes I design a new EA (that is the fun part) the rest is either boring, while making money or frustrating during the inevitable draw down periods, there is a feeling about 90% of the time that at one point I had a higher balance, such problems I have
I live entirely from the growth of my personal trading account
  • #91
  • Apr 7, 2017 9:44am Apr 7, 2017 9:44am
Quoting GuyBaker
{quote} amen to that... I manage my EA once per week, I watch my EA, sometimes I design a new EA (that is the fun part) the rest is either boring, while making money or frustrating during the inevitable draw down periods, there is a feeling about 90% of the time that at one point I had a higher balance, such problems I have
after each new trade start i have had a higher balance some seconds before
  • #92
  • Apr 7, 2017 10:10am Apr 7, 2017 10:10am
Quoting dukas_trader
{quote} it can be boring, because you get used to it. in the beginning is 1000 normal for you, then 10000, then 100000. its just normal after some years. and trading can be boring when all is running very good, you simple wait, put some SL on new points and do many other things same time to enjoy live. when trading is not running very well, you are not bored, but better other way. some are also using many expert advisors, this people are much bored even faster, because even less work to do.
Dukas_Trader,

Good advice as usual from you...

In our previous interaction did i ask you for how many years you were trading? Just curious...

Thanks
  • #93
  • Apr 7, 2017 10:11am Apr 7, 2017 10:11am
Quoting dukas_trader
{quote} after each new trade start i have had a higher balance some seconds before
Very good, my last account high was 20 December, I think it will break a new high next week though.
I live entirely from the growth of my personal trading account
  • #94
  • Apr 7, 2017 10:13am Apr 7, 2017 10:13am
Quoting GuyBaker
{quote} Very good, my last account high was 20 December, I think it will break a new high next week though.
ah no, it doesnt mean i have no drawdown, it was just a joke for paying spread and commssion ;-).
  • #95
  • Apr 7, 2017 10:14am Apr 7, 2017 10:14am
Quoting aaven
{quote} Dukas_Trader, Good advice as usual from you... In our previous interaction did i ask you for how many years you were trading? Just curious... Thanks
20 and some years working as banker before.
  • #96
  • Apr 7, 2017 10:28am Apr 7, 2017 10:28am
Quoting dukas_trader
{quote} 20 and some years working as banker before.
That's impressive. A true veteran. Take a bow Dukas_Trader...
  • #97
  • Apr 7, 2017 10:39am Apr 7, 2017 10:39am
Profitable trading is very boring....that's why many people's not want to get bored......
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -745
  • #98
  • Apr 7, 2017 10:53am Apr 7, 2017 10:53am
I edited my previous post.. as we deal with uncertainty and risk (take a black swan for instance), it's absolutely normal to experience fear or anxiety, in fact these are essential parts of our survival mechanism! obviously our trading decisions will be affected by them but that's not an issue if we just trust them instead of pretending they don't exist.
  • #99
  • Apr 7, 2017 10:59am Apr 7, 2017 10:59am
Quoting aaven
{quote} That's impressive. A true veteran. Take a bow Dukas_Trader...
thanks, long time. but not boring at all when you do things next to it an plan step for step.
  • #100
  • Apr 8, 2017 5:48am Apr 8, 2017 5:48am
Quoting dukas_trader
{quote} it can be boring, because you get used to it. in the beginning is 1000 normal for you, then 10000, then 100000. its just normal after some years. and trading can be boring when all is running very good, you simple wait, put some SL on new points and do many other things same time to enjoy live. when trading is not running very well, you are not bored, but better other way. some are also using many expert advisors, this people are much bored even faster, because even less work to do.
I think this is something very subjective. I could never find profiting boring, even if I were to get used to it. I'd always be very pleased, which would preclude me from feeling bored.
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