What problems are you facing as a trader?
Membre depuis Feb 01, 2010
posts 11
Jun 04, 2010 at 18:59
Hi every one!
When trying to solve a problem the first step is to identify the problem, then search the cause, and finally the solution…
I will like to identify the most common problems that traders are having day in day out, please take a few minutes to think:
-what are the things that make me feel emotional pain or frustration in my trading?
-what are the benefits (mental emotional and $$$!) you expect from a good system or strategy?
Please, share your problem and what you think that could be a good solution, or what you did to solve your personal problem.
Thanks!
When trying to solve a problem the first step is to identify the problem, then search the cause, and finally the solution…
I will like to identify the most common problems that traders are having day in day out, please take a few minutes to think:
-what are the things that make me feel emotional pain or frustration in my trading?
-what are the benefits (mental emotional and $$$!) you expect from a good system or strategy?
Please, share your problem and what you think that could be a good solution, or what you did to solve your personal problem.
Thanks!
Membre depuis Jul 18, 2010
posts 26
Jul 30, 2010 at 17:30
Indeed its good questions to be asking. I still trying to find answer to that every day. Mostly I answer it with ' Gotta manage that risk keep drawdown low'
Be open mind, we can learn so much more.
Membre depuis Jul 17, 2010
posts 30
Oct 10, 2010 at 03:13
First , i think you must be have trade skills for a trader, next is the enough trade money ,you can find some investors
Mind+Method+Money= NOTHING IMPOSSIBLE
Membre depuis Jan 30, 2017
posts 12
Feb 15, 2017 at 12:34
There is one problem which seems universal to all the traders which is: Performance anxiety. At times even a single poor performance or group of performances create the view of “downtrend” in the performer’s mind as it leads to the effort of correction which only exacerbate the problem.
However, the other times, even the changed circumstances can also increase the performance anxiety. If the pressure of bring in better results hovers, it all can shift the mindset of the trader. It can also be seen as the change in trader’s mood.
However, the other times, even the changed circumstances can also increase the performance anxiety. If the pressure of bring in better results hovers, it all can shift the mindset of the trader. It can also be seen as the change in trader’s mood.
Feb 16, 2017 at 16:18
I think we all know the answer of the second one “ -what are the benefits (mental emotional and $$$!) you expect from a good system or strategy? “. But the problem comes from the emotional pain as you said and the mentality of the trader. If you go straight in this direction and let your emotions to bring you down – you should stop trading, at least until you have full self-control
Accept the loss as experience
Membre depuis Feb 22, 2011
posts 4862
Feb 17, 2017 at 11:52
FinanSquare posted:
Hi every one!
When trying to solve a problem the first step is to identify the problem, then search the cause, and finally the solution…
I will like to identify the most common problems that traders are having day in day out, please take a few minutes to think:
-what are the things that make me feel emotional pain or frustration in my trading?
-what are the benefits (mental emotional and $$$!) you expect from a good system or strategy?
Please, share your problem and what you think that could be a good solution, or what you did to solve your personal problem.
Thanks!
The only problem of traders is when they abandon trading plan and follow their feelings, emotions, greed, fear or whatever.
If you follow trading plan all problems are reduced to just one. Is my trading plan the good one?
forex_trader_350138
Membre depuis Aug 07, 2016
posts 10
Feb 22, 2017 at 07:50
jameshallow07 posted:
There is one problem which seems universal to all the traders which is: Performance anxiety. At times even a single poor performance or group of performances create the view of “downtrend” in the performer’s mind as it leads to the effort of correction which only exacerbate the problem.
However, the other times, even the changed circumstances can also increase the performance anxiety. If the pressure of bring in better results hovers, it all can shift the mindset of the trader. It can also be seen as the change in trader’s mood.
I think for a trader the subject of mastering anxiety when trading is not seen as expected is a real problem. Especially when the trader is not able to maintain his position without making haste decisions as a result of his emotions.
forex_trader_360314
Membre depuis Sep 14, 2016
posts 10
Feb 25, 2017 at 17:55
The answer to Number 1 is to definitely lose money, it is frustrating when you set certain goals and a strange event for you, political, economic, global, ends up sabotaging or ruining what was planned.
The second answer I reserve it :)
The second answer I reserve it :)
forex_trader_381988
Membre depuis Dec 06, 2016
posts 37
Feb 27, 2017 at 22:31
I think that at first not all traders achieve the desired success, generally, these failures are propitiated by psychological problems, and do not allow progress in the business of the Forex market. What do you think?
forex_trader_376084
Membre depuis Nov 13, 2016
posts 10
Feb 28, 2017 at 08:06
togr posted:FinanSquare posted:
Hi every one!
When trying to solve a problem the first step is to identify the problem, then search the cause, and finally the solution…
I will like to identify the most common problems that traders are having day in day out, please take a few minutes to think:
-what are the things that make me feel emotional pain or frustration in my trading?
-what are the benefits (mental emotional and $$$!) you expect from a good system or strategy?
Please, share your problem and what you think that could be a good solution, or what you did to solve your personal problem.
Thanks!
The only problem of traders is when they abandon trading plan and follow their feelings, emotions, greed, fear or whatever.
If you follow trading plan all problems are reduced to just one. Is my trading plan the good one?
The worst thing a trader can do is to replace their trading plan or end up abandoning it altogether.
Membre depuis Dec 11, 2015
posts 1487
Feb 28, 2017 at 11:47
There’s nothing wrong with replacing a trading plan with a better one, but editing it mid-trading is a poor idea.
forex_trader_376084
Membre depuis Nov 13, 2016
posts 10
Feb 28, 2017 at 13:14
mlawson71 posted:
There’s nothing wrong with replacing a trading plan with a better one, but editing it mid-trading is a poor idea.
I think there is a problem, that is, the trader must devise a plan that is profitable for him and that brings benefits, apply it in a certain period of time and start to see benefits, then you can continue with the same plan AND start new business As 'new plans'. It is assumed that if you devote time and study in the preparation of a plan will be applied, it is your project work and trade.
You can not be a thing today and project yourself in a totally different way the following week. It is not stable!
forex_trader_376084
Membre depuis Nov 13, 2016
posts 10
Feb 28, 2017 at 13:14
@mlawson71 Do not you follow a work plan in your trade?
forex_trader_372845
Membre depuis Oct 31, 2016
posts 36
Mar 01, 2017 at 01:05
nivkyy posted:togr posted:FinanSquare posted:
Hi every one!
When trying to solve a problem the first step is to identify the problem, then search the cause, and finally the solution…
I will like to identify the most common problems that traders are having day in day out, please take a few minutes to think:
-what are the things that make me feel emotional pain or frustration in my trading?
-what are the benefits (mental emotional and $$$!) you expect from a good system or strategy?
Please, share your problem and what you think that could be a good solution, or what you did to solve your personal problem.
Thanks!
The only problem of traders is when they abandon trading plan and follow their feelings, emotions, greed, fear or whatever.
If you follow trading plan all problems are reduced to just one. Is my trading plan the good one?
The worst thing a trader can do is to replace their trading plan or end up abandoning it altogether.
Of course, I agree with you.
Every trader encounters various types of emotions, afraid that they find their expression daily in the markets and often contribute to trade losses unless appropriately unmanaged, they always think of:
Fear of failure
The fear of losing profits
Fear of perdition of everything.
Membre depuis Jan 30, 2017
posts 22
Mar 01, 2017 at 11:13
lee42747 posted:
I think one of the biggest pains comes when you put enough time and efforts to analyse the market and then the price goes in unexpected direction. It's a game of forecasts and this creates uncertainty.
Yes absolutely correct. But this is so usual that movement of market is not certain and forecasts are always uncertain. Emotional pain and the psychology of the trader here come into play and destroy the trading pattern. The only way out is controlling one’s own emotions, although it is really difficult but other than that there is no way out. It’s better to kill your emotions while trading before they kill your trades.
Membre depuis Feb 02, 2017
posts 37
Mar 02, 2017 at 08:18
Failing to plan is planning to fail. This is so true for forex trading.
Emotional trading is one big problem faced by traders. trading is not all about good trading systems and good strategies; emotional management also contributes to one’s success or failure in forex.
Emotional trading is one big problem faced by traders. trading is not all about good trading systems and good strategies; emotional management also contributes to one’s success or failure in forex.
Membre depuis Dec 11, 2015
posts 1487
Mar 03, 2017 at 12:43
darrengreg posted:
Failing to plan is planning to fail. This is so true for forex trading.
Emotional trading is one big problem faced by traders. trading is not all about good trading systems and good strategies; emotional management also contributes to one’s success or failure in forex.
True. Take revenge trading, for example. Yes, you've lost money, and now you're trying to recoup your losses at any cost, regardless of the current situation on the market. It's a recipe for disaster.
Membre depuis Feb 22, 2011
posts 4862
Mar 03, 2017 at 15:07
mlawson71 posted:darrengreg posted:
Failing to plan is planning to fail. This is so true for forex trading.
Emotional trading is one big problem faced by traders. trading is not all about good trading systems and good strategies; emotional management also contributes to one’s success or failure in forex.
True. Take revenge trading, for example. Yes, you've lost money, and now you're trying to recoup your losses at any cost, regardless of the current situation on the market. It's a recipe for disaster.
Yeah. Failing to prepare is preparing to fail...
You can be lucky for short period, even double your account without trading plan, but when your luck disappear...
Membre depuis Dec 11, 2015
posts 1487
Mar 04, 2017 at 10:14
nivkyy posted:
@mlawson71 Do not you follow a work plan in your trade?
Of course I do. I specifically stated that editing a trading plan should happen when one isn’t mid-trading. If they saw there was a problem, that problem should be analyzed, solved and the trading plan should be updated appropriately.
