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Time to Give Up
Started:March 27th, 2013 (04:47 PM) by Big Mike Views / Replies:56,490 / 429
Last Reply:December 6th, 2016 (10:27 PM) Attachments:4

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Time to Give Up

Old November 22nd, 2014, 09:18 AM   #201 (permalink)
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Yuri57 View Post
just wondering if you can really be in a romantic relationship and fully live your emotions while you are trading for a living. Any thoughts on this?

I think it really depends on the type of trading you do.

If you are an day trader where you are focused for a long time in front of the screen monitoring your trades and taking multiple small dollar value profit/losses I think that you would be devoting more time or focus to trading rather than your romantic interest.

If you are a long term trader, the pressures are different. If you choose wisely you can simply devote a set time of the week to review/updating your stock portfolio. It could be once or twice a week, a few hours on a Saturday afternoon even. The attention during the week would only be a result of that review. You are not focused on stocks 24/7, you can even leave your portfolio for a few weeks for a trip and not be worried of returning and finding you blew your account...in fact you might find the appreciation of your portfolio paid for the trip. A romantic relationship is definitely possible under these circumstances.

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Old November 22nd, 2014, 11:39 AM   #202 (permalink)
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If you are an day trader where you are focused for a long time in front of the screen monitoring your trades and taking multiple small dollar value profit/losses I think that you would be devoting more time or focus to trading rather than your romantic interest.

Being in good mood, optimistic and not under pressure: trade!
If not: PAUSE!

GFIs1

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Old November 22nd, 2014, 03:11 PM   #203 (permalink)
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GFIs1 View Post
Being in good mood, optimistic and not under pressure: trade!
If not: PAUSE!

GFIs1

??? sounds like it is "either/or" but not "both" for you. I think there is a place for "both"

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Old November 22nd, 2014, 04:11 PM   #204 (permalink)
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??? sounds like it is "either/or" but not "both" for you. I think there is a place for "both"

My answer was just meant result oriented. If you are not looking at results you may trade always...

Great weekend
GFIs1

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Old November 22nd, 2014, 05:35 PM   #205 (permalink)
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I think it really depends on the type of trading you do.

If you are an day trader where you are focused for a long time in front of the screen monitoring your trades and taking multiple small dollar value profit/losses I think that you would be devoting more time or focus to trading rather than your romantic interest.

If you are a long term trader, the pressures are different. If you choose wisely you can simply devote a set time of the week to review/updating your stock portfolio. It could be once or twice a week, a few hours on a Saturday afternoon even. The attention during the week would only be a result of that review. You are not focused on stocks 24/7, you can even leave your portfolio for a few weeks for a trip and not be worried of returning and finding you blew your account...in fact you might find the appreciation of your portfolio paid for the trip. A romantic relationship is definitely possible under these circumstances.

Absolutely.
IMO, you can be any style trader and flourish. There are many professions that require an amazing amount of focus while you're preforming your duties, and people do it every day while in, or out of relationships.

I would say it is just as dangerous, of not more so, to be distracted by a crap relationship, than a romantic relationship. An intelligent partner would send their significant other to work feeling invincible.

Head up and keep your stick on the ice!
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Old November 29th, 2014, 10:14 AM   #206 (permalink)
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luck not favoring time to give up?

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the price moves just to hit my stoploss.


Last edited by umang; November 29th, 2014 at 10:16 AM. Reason: image not displayed
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Old November 29th, 2014, 10:20 AM   #207 (permalink)
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umang View Post
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the price moves just to hit my stoploss.

@umang

you gained valuable experience on that trade

1) you used a very long term 15min candle (uh, perhaps rethink this in the future)
2) you believed what you probably read, regarding bull flag candles
3) you took a 3 second trade on a 15 min candle (what seems out of context there?)

hope you didn't loose that much, and hope you have some means of adjusting your taxes accordingly

I don't know what offshore accounts get to do regarding profits / losses on trading accounts....

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Old November 29th, 2014, 10:32 AM   #208 (permalink)
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@umang

you gained valuable experience on that trade

1) you used a very long term 15min candle (uh, perhaps rethink this in the future)
2) you believed what you probably read, regarding bull flag candles
3) you took a 3 second trade on a 15 min candle (what seems out of context there?)

hope you didn't loose that much, and hope you have some means of adjusting your taxes accordingly

I don't know what offshore accounts get to do regarding profits / losses on trading accounts....

Thanks for reply kronie ji Next day I brought seeing the breakout and positive divergence in MACD .Also I wanted to take revenge of past day(though heard it 1000s of times that we must not). But it hit my stoploss. Then I dint have guts to buy again when there was buy confirmation .

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Old November 29th, 2014, 10:59 AM   #209 (permalink)
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umang View Post
Thanks for reply kronie ji Next day I brought seeing the breakout and positive divergence in MACD .Also I wanted to take revenge of past day(though heard it 1000s of times that we must not). But it hit my stoploss. Then I dint have guts to buy again when there was buy confirmation .

@umang

we have an expression in the US, "you can't fix stupid"

we have a notion in trading investments (stocks, bonds, options, futures, currencies): "you can go broke being proved right"

as Bruce Lee might have said: "be neutral, my friend"

who cares, whether you were right, left, wrong or correct?
who cares whether you caught the bottom, or momentum traded with the trend and came in late.

your family (who doesn't get to eat does), your banker (who loses your business), your real estate agent (who can't sell your house fast enough...)

got it?

those ought to motivate you enough to take all this seriously!

I gave you a big hint?

it was context

it takes roughly 3 seconds to enter and confirm an order
you showed us a 15min interval chart from which you were making trading decisions

what seems out of context to you?

start there!
trade simulated...
get some new indicators and charts, just like you see here, that will show you better entries and opportunities...

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Old November 29th, 2014, 11:56 AM   #210 (permalink)
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time to give up?


Thanks for your advice on regarding adding new charts and indicator kronie ji. I have a trading system that's working fine for me (not shown in above chart) only thing I wanted to show in my reply above is how my luck is not with me which brings in me feeling of giving up trading sometimes . The topic of this Thread is Time to Give Up. I just want to tell what things are bringing in me the feeling of giving up.
one more example:- below

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