Emotion in Forex trading
Členem od Feb 22, 2011
4862 příspěvků
Jan 02, 2019 at 10:50
Arcferreira posted:
There is a big difference between a retail trader and a hedge fund trader. This difference is called market depht. A small retail trader can open a 1 lot trade and ihe will not be noticed by market, because 1 lot is nothing. But a hedge fund can't open 10.000 lots in just one trade. This trade will cause a huge move in market, and his order will be filled in different levels. The other difference is the acceptable volatility. For a retail trader, 25% drawdown is acceptable. For a hedge fund, less than 10%.
Different things... A retail can trade for 10% monthly, an hedge fund for 3%.
That does not happen often
https://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/7862246/How-a-broker-spent-520m-in-a-drunken-stupor-and-moved-the-global-oil-price.html
Členem od Mar 02, 2017
50 příspěvků
Jan 03, 2019 at 08:53
togr posted:Arcferreira posted:
There is a big difference between a retail trader and a hedge fund trader. This difference is called market depht. A small retail trader can open a 1 lot trade and ihe will not be noticed by market, because 1 lot is nothing. But a hedge fund can't open 10.000 lots in just one trade. This trade will cause a huge move in market, and his order will be filled in different levels. The other difference is the acceptable volatility. For a retail trader, 25% drawdown is acceptable. For a hedge fund, less than 10%.
Different things... A retail can trade for 10% monthly, an hedge fund for 3%.
That does not happen often
https://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/7862246/How-a-broker-spent-520m-in-a-drunken-stupor-and-moved-the-global-oil-price.html
Yes, near 1/2 billion caused a destruction in oil market...
Trade safely... Remember, a high Drawdown means a high risk!
Členem od Apr 18, 2017
920 příspěvků
Jan 10, 2019 at 05:48
Arcferreira posted:
There is a big difference between a retail trader and a hedge fund trader. This difference is called market depht. A small retail trader can open a 1 lot trade and ihe will not be noticed by market, because 1 lot is nothing. But a hedge fund can't open 10.000 lots in just one trade. This trade will cause a huge move in market, and his order will be filled in different levels. The other difference is the acceptable volatility. For a retail trader, 25% drawdown is acceptable. For a hedge fund, less than 10%.
Different things... A retail can trade for 10% monthly, an hedge fund for 3%.
Got your point; but there have so many traders who started their trading career as a retail trader but now they are the institutional payers!
Členem od Jan 11, 2019
11 příspěvků
Jan 11, 2019 at 11:04
I don't know of ANY retail trader who went into institutional trading. Never heard or seen of anyone do that. Bank traders come straight out of college and then start trading. Retail traders are usually older and already have a day job
Členem od Sep 12, 2015
1948 příspěvků
Jan 11, 2019 at 14:12
NascarLover posted:I was a retail trader before I got a job as a professional ,I know a few guys who started that way plus its good in an interview.
I don't know of ANY retail trader who went into institutional trading. Never heard or seen of anyone do that. Bank traders come straight out of college and then start trading. Retail traders are usually older and already have a day job
"They mistook leverage with genius".
Členem od Aug 27, 2017
994 příspěvků
Jan 13, 2019 at 07:42
NascarLover posted:
I don't know of ANY retail trader who went into institutional trading. Never heard or seen of anyone do that. Bank traders come straight out of college and then start trading. Retail traders are usually older and already have a day job
It’s not common case mate! But I believe it’s possible! The sky has no limit.
keeping patience.......
Členem od Aug 09, 2017
785 příspěvků
Jan 15, 2019 at 11:21
Greed and emotions almost same. Generally beginners attacked by this common human nature. We can control this by proper trading practice as well great discipline.
Členem od Jan 15, 2019
11 příspěvků
Jan 15, 2019 at 11:55
I think that it helps to start with a very small Lot size and then increase the amount very slowly (I am talking about the period of a year at least going from 0.01 to 0.1). I think that this helps control emotions and get used to trading with real money
Členem od Feb 22, 2011
4862 příspěvků
Jan 16, 2019 at 13:55
Emotions makes us humans.
They also make us so bad traders.
They also make us so bad traders.
Členem od Aug 27, 2017
994 příspěvků
Jan 17, 2019 at 07:34
togr posted:
Emotions makes us humans.
They also make us so bad traders.
True; but we need to make sure enough practice before playing with our own capital; we need to learn the tricks for the live trading.
keeping patience.......
Členem od Jul 21, 2018
12 příspěvků
Jan 20, 2019 at 07:45
Adribaasmet posted:togr posted:
Emotions makes us humans.
They also make us so bad traders.
True; but we need to make sure enough practice before playing with our own capital; we need to learn the tricks for the live trading.
Right. Not all of us get the successful trading for the first time.
Členem od Apr 18, 2017
920 příspěvků
Jan 20, 2019 at 10:06
DFisher posted:Adribaasmet posted:togr posted:
Emotions makes us humans.
They also make us so bad traders.
True; but we need to make sure enough practice before playing with our own capital; we need to learn the tricks for the live trading.
Right. Not all of us get the successful trading for the first time.
No way; in my demo I faced MC for 4-5 times; although I used then 3-4% risk; basically consistent SL was my main problem.
Členem od Nov 07, 2018
17 příspěvků
Jan 29, 2019 at 13:00
togr posted:
Emotions makes us humans.
They also make us so bad traders.
if(emotions makes us humans && emotions makes us so bad traders){
Humans are so bad traders;
}else{
You are in 5%, who have profit;
You are an alien;
}
Členem od Dec 28, 2013
171 příspěvků
Jan 29, 2019 at 14:53
In coming friday, the 1st of February is the NFP release day. I've decided to stay on sidelines until next week. That is emotionally difficult not to take any action. Almost depressing.
I didn't trade so much on demo. Instead, I tried to limit my losses until I get the grip from trading.
I didn't trade so much on demo. Instead, I tried to limit my losses until I get the grip from trading.
Členem od Feb 22, 2011
4862 příspěvků
Jan 29, 2019 at 16:17
iamjacobs posted:togr posted:
Emotions makes us humans.
They also make us so bad traders.
if(emotions makes us humans && emotions makes us so bad traders){
Humans are so bad traders;
}else{
You are in 5%, who have profit;
You are an alien;
}
Human without emotion is not necessarily alien :)
Členem od Dec 28, 2013
171 příspěvků
Jan 29, 2019 at 16:29
togr posted:Yeah. That is called a high functioning psychopath. I'd rather co-operate with a HFA psycho than a borderline who cannot control oneself ;)iamjacobs posted:togr posted:
Emotions makes us humans.
They also make us so bad traders.
if(emotions makes us humans && emotions makes us so bad traders){
Humans are so bad traders;
}else{
You are in 5%, who have profit;
You are an alien;
}
Human without emotion is not necessarily alien :)
Členem od Feb 22, 2011
4862 příspěvků
Jan 30, 2019 at 11:55
niceGLer posted:togr posted:Yeah. That is called a high functioning psychopath. I'd rather co-operate with a HFA psycho than a borderline who cannot control oneself ;)iamjacobs posted:togr posted:
Emotions makes us humans.
They also make us so bad traders.
if(emotions makes us humans && emotions makes us so bad traders){
Humans are so bad traders;
}else{
You are in 5%, who have profit;
You are an alien;
}
Human without emotion is not necessarily alien :)
Or simply you convert your trading idea to robot.
Test it with tick data precision over years
Run it on demo
Run it on small account
Run it big
Became independent trader, trading for living.
That is my story in short.
forex_trader_54192
Členem od Nov 21, 2011
13 příspěvků
Jan 30, 2019 at 12:50
Establish emotional boundaries between you and the trade, accept personal responsibility for your actions and let it go.
Členem od Apr 18, 2017
920 příspěvků
Jan 30, 2019 at 12:57
niceGLer posted:
In coming friday, the 1st of February is the NFP release day. I've decided to stay on sidelines until next week. That is emotionally difficult not to take any action. Almost depressing.
I didn't trade so much on demo. Instead, I tried to limit my losses until I get the grip from trading.
Then now you are using micro account; isn’t? besides, if you are not confident enough; better to leave the news session.
Členem od Jan 14, 2017
38 příspěvků
Jan 30, 2019 at 13:03
togr posted:iamjacobs posted:togr posted:
Emotions makes us humans.
They also make us so bad traders.
if(emotions makes us humans && emotions makes us so bad traders){
Humans are so bad traders;
}else{
You are in 5%, who have profit;
You are an alien;
}
Human without emotion is not necessarily alien :)
Of course not :-)
Human ? (You are in 5%, who have profit) : alien;
But I'm also not sure if aliens have emotions...
