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The Greatest Weakness
Started:September 25th, 2009 (12:44 PM) by George Views / Replies:23,677 / 107
Last Reply:September 18th, 2016 (09:26 AM) Attachments:3

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The Greatest Weakness

Old   #51 (permalink)
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Fear

According to a recent survey over 700 traders, Fear represents 10% of the reasons why it went wrong. Many other aspects are covered at this site suggested by Shodson http://www.traderinterviews.com/content/TraderSurveyResults.pdf

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Old   #52 (permalink)
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Fat Tails View Post
I absolutely agree with your statement, as you did not specify the time it takes to gain the experience. However, many give up, before the time has elapsed.

hahahaha .. Fat Tails, I'm new here. Joined just now. It is quit interesting to note that your favorite instrument is "KEY BOARD" .. would love to take keyboard classes from you .. lol

Sorry friends .. I know I'm little out of way. But, a breather helps some times.

Cheers

HAPS
Meaning of selected Notam

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Old   #53 (permalink)
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haps2trade View Post
hahahaha .. Fat Tails, I'm new here. Joined just now. It is quit interesting to note that your favorite instrument is "KEY BOARD" .. would love to take keyboard classes from you .. lol

Sorry friends .. I know I'm little out of way. But, a breather helps some times.

Cheers

HAPS
Meaning of selected Notam

I have spent some time at a conservatory, and I still use the acquired skills to accompany my children and their friends or to make useless posts a Big Mike's at twice the normal speed.

So indeed, the keyboard is my favorite instrument.

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Old   #54 (permalink)
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Fat Tails View Post
I have spent some time at a conservatory, and I still use the acquired skills to accompany my children and their friends or to make useless posts a Big Mike's at twice the normal speed.

So indeed, the keyboard is my favorite instrument.

How many chars per minute can you make ?

And does it makes you a better trader ?

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Old   #55 (permalink)
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MetalTrade View Post
How many chars per minute can you make ?

And does it makes you a better trader ?

The faster you enter your trades, the more likely you will fall prey to overtrading. Overtrading usually means the accumulation of many small losses that make up for a big loss. Never happened to you?

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Old   #56 (permalink)
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Fat Tails View Post
I have spent some time at a conservatory, and I still use the acquired skills to accompany my children and their friends or to make useless posts a Big Mike's at twice the normal speed.

So indeed, the keyboard is my favorite instrument.

Fat Tails, you still haven't got the point. When they asked about your fav. instrument, it is NOT some cooking or gardening instruments. It must have been asked to know your favorite "financial instrument" ..

I think so. Or .. anyone differs? .. Anyway, "bfn"

Cheers

HAPS

Meaning of selected Notam

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Old   #57 (permalink)
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haps2trade View Post
Fat Tails, you still haven't got the point. When they asked about your fav. instrument, it is NOT some cooking or gardening instruments. It must have been asked to know your favorite "financial instrument" ..

I think so. Or .. anyone differs? .. Anyway, "bfn"

Cheers

HAPS

Meaning of selected Notam

Interesting that you use your keyboard for cooking and gardening, I use it as an instrument to trade.

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Old   #58 (permalink)
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Fat Tails View Post
Interesting that you use your keyboard for cooking and gardening, I use it as an instrument to trade.

OOPPSS!!!! .. got caught on the wrong foot!! .. when u said 'key board', i thought of the musical instrument .. newhich ways .. nice to get some fresh air .. out of all this finance, markets .. etc .. thx for helping me .. lol

Meaning of selected Notam

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Old   #59 (permalink)
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redratsal View Post
According to a recent survey over 700 traders, Fear represents 10% of the reasons why it went wrong. Many other aspects are covered at this site suggested by Shodson http://www.traderinterviews.com/content/TraderSurveyResults.pdf

I think we should come back to the topic. The Trader Survey shows that fear is not the dominant reason for failure, so I do not think that it is the greatest weakness.

The key statement of the survey shows that profits increase over time, only if post trade analysis is done. This is an essential ingredient in learning, you need to organize the feedback process to improve your skills. No feedback leads to no improvement.

So looks like the most tedious of all tasks, the reporting of our doings is the key to success. That said, it is well known that companies that do not use appropriate controlling tools are usually punished by history, as they disappear.

Not only psychology, also book-keeping - this includes book-keeping of emotions and behavioral patterns - is required.

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Old   #60 (permalink)
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Fat Tails View Post
Not only psychology, also book-keeping - this includes book-keeping of emotions and behavioral patterns - is required.

Fat Tails can you give an example of book keeping of emotions and behavioral patterns?

"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
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