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Why Trading is so hard
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Why Trading is so hard

  #11 (permalink)
Trading for Fun
Geelong Victoria
 
Futures Experience: Advanced
Platform: Dealbook 360/ Trader Workstation
Broker/Data: I-Deal, Interactive Brokers
Favorite Futures: Index Futures & Options
 
Posts: 113 since Jan 2015
Thanks: 45 given, 88 received


TickedOff View Post
I would argue that trading can be a painful process and is most certainly challenging for pretty much everyone, even seasoned pros have periods of drawdown as well, and income is by no means steady. On top of this you have to continually adapt your trading methodology to changing market conditions. Look at the lack of volatility in early 2014 compared to the post 2008 crash period, gains during 2014 would have been much much smaller in comparison and then within years there will always be weeks with relatively low volatility and high volatility.

I tend to agree. I am constantly evaluating and balancing risk, there is no such thing as only taking the perfect setup. I trade for a living in an uncertain environment, consequently drawdowns are a fact of life, not trading creates it's own drawdown in the form of overheads. Many times I have gone to sleep with my positions up only to wake up with them now deep in the red, that takes some real mental gymnastics to remain centred. It is not that I am distressed as I have good risk management but rather constantly under preasure to perform. I believe that this is a trading reality as several other full time traders I know experience a similar reality, learn to deal with it.

Cheers John


Last edited by Johno1; February 5th, 2015 at 08:40 PM.
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  #12 (permalink)
Trading for Fun
Geelong Victoria
 
Futures Experience: Advanced
Platform: Dealbook 360/ Trader Workstation
Broker/Data: I-Deal, Interactive Brokers
Favorite Futures: Index Futures & Options
 
Posts: 113 since Jan 2015
Thanks: 45 given, 88 received


sptrader View Post
* I suspect that the reason most rookie traders fail, is that Traders with accounts too small cause emotional stress, because you're afraid to lose and it has a huge negative effect on trading results.. (been there done that)..
.
If you had a $5k account, would you be stressed out over a $1000 loss ? yes..
If you had a $1million dollar account would you still worry about a $1000 loss ? no ....

The chances are that if you don't have100K+ and sufficient skill then you are probably not going to make it trading for a living.
Cheers John

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