You have to be careful about that. if you hate losing then you may be willing to do things to avoid losing (like moving your stop, turning a scalp trade into a swing trade, not cutting losses short, etc.).
Losing is the reality of trading. As long as you keep loses small they cannot hurt you, so there is no reason to fear or hate them.
I found your thoughts on this very interesting.. I am not really well versed in all this; though, I'm reading up.. I have been trying to think ahead in a similar way. This may not be the right place on All You Need, but if inflation takes off, if the dollar tanks and/or gets replaced as the world wide currency, and if one trades the European and Asian bond markets, by trading these instruments, is this a way to trade in another currency and cash out in that currency? Is there a way to do something like that? I am trying to think ahead to ways to trade or invest if the dollar becomes a problem.. instead of ending up with a wheelbarrow of "a lot of nuthin'," potentially.
Even people trading gold or the gold ETF, they don't have gold bars in possession.. they are still (if they live in the U.S.), are cashing out in dollars.. Maybe this seems a bit extreme but any thoughts anyone?
I found this quote from Websouth on the "Frustrated Sucker Game?" thread and thought it was one of the most profound things that has ever been said on the Big Mike Forum. Here it is..........
This is really all you need to look at. All the oscillators and overbought oversold indicators just really show this. I am a visual person and this works for me. Settle on this and tell yourself that you have no other options. This is "the view" of the market you have. You can zoom or pan but this is it. Stop searching. You found it. Now practice trying to take a piece of it
The previous quote is #10 on the "Frustrated Suckers Game?" thread. I particularly like the line where Websouth lays it down......"Settle on this and tell yourself that you have no other options. This is "the view" of the market you have. You can zoom or pan but this is it. STOP SEARCHING. YOU FOUND IT."
The sooner traders figure this out....the sooner they will become profitable.
Just my 2 cents worth. Thanks Websouth.
The following user says Thank You to Jeff Castille for this post:
I like the look of those stats etc. Does anyone know where I can get that indicator? Not only would l like to have those particular stats, but I could use it as a template to code some other things. That thread started off in this one, I think, so it's not totally off topic!