What could be the problem here? - page 2.

Uruhara

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Quote from: tvplus006 on August 24, 2023, 12:12:33 PM

Quote from: Uruhara on August 23, 2023, 07:04:40 PM

Beginners tend to do things like that. Because I was in the same situation and condition when I was just learning to trade. I always open positions in a hurry and I also always close positions in a hurry. The point is that everything is too forced and always wants to be done quickly. Well we want to quickly have big profits in a short time...

Everyone was once a beginner and, accordingly, made similar mistakes. Only some gave up trading, while others brought new money in order to test another strategy and eventually found their own, which allowed at least not to lose their money.

Well, many decide to stop trading after experiencing several losses. So that he did not have time to further develop the trade they had started. The point is that in the world of trading everything requires a process and our patience is really tested in this case. All we can do is have to keep learning and evaluating every mistake that keeps us from being able to profit. And as experience and insight increase, becoming a successful trader can definitely be done. It's just that the initial journey is sometimes the most difficult to pass.

tvplus006

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Quote from: letteredhub on August 25, 2023, 02:27:03 PM

Are guys implying that this results from those different trades could be fairly caused by hasty openings of new orders? Maybe I didn't point it out that this person isn't a newbie because he has been tradingfor about three years now, and I have had time sitting with this very person witnessing how he trades, and I never for ones caught a sight on him opening many trades after another, so just somehow unsure it could be that though it's a strong point. And inmay have to ask him to find out about that.

In this case, advise your friend not to rush to open the next order after a profit order. The result of such a pause may be that he will not have time to open a losing trade and the next open order will be as profitable as the previous one.

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Quote from: AnonBitCoiner on August 25, 2023, 12:23:38 PM

There is no fault of newbies because they are new and they feel every movement of market as a new thing so excitement is must but if they continue their trading with same behavior then this will be their mistake.

Unless they learn from the mistakes that they have committed. Things are learned through experience and that's what they need to do, to learn from the experience that they're going to have from it. If the mistakes are consistent and they're not making anything better then they should have just quit. But if they are persistent and has a vision of what they're trying to do, that means that they're able to extract the lessons that they're learning through the process and it's not that hard to obtain even if they're beginners and they're courageous to take those beginner's losses.

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Quote from: AnonBitCoiner on August 25, 2023, 12:23:38 PM

Quote from: tvplus006 on August 23, 2023, 10:50:14 AM

It is obvious that beginners want to earn a large amount of money as soon as possible. Therefore, they believe that if they open new orders more often, the faster their goal will be achieved. The fear of lagging behind the market movement leads to mistakes that entail the loss of money.

As new commers are in desire to get profit soon as possible so because of this haste they losses their money day by day and eventually they stop to do trade. They should be calm because in haste every decision is faulty and correction of time will take time.

Are guys implying that this results from those different trades could be fairly caused by hasty openings of new orders? Maybe I didn't point it out that this person isn't a newbie because he has been tradingfor about three years now, and I have had time sitting with this very person witnessing how he trades, and I never for ones caught a sight on him opening many trades after another, so just somehow unsure it could be that though it's a strong point. And inmay have to ask him to find out about that.

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Quote from: tvplus006 on August 23, 2023, 10:50:14 AM

It is obvious that beginners want to earn a large amount of money as soon as possible. Therefore, they believe that if they open new orders more often, the faster their goal will be achieved. The fear of lagging behind the market movement leads to mistakes that entail the loss of money.

As new commers are in desire to get profit soon as possible so because of this haste they losses their money day by day and eventually they stop to do trade. They should be calm because in haste every decision is faulty and correction of time will take time.

There is no fault of newbies because they are new and they feel every movement of market as a new thing so excitement is must but if they continue their trading with same behavior then this will be their mistake.

No one is a master from the starting stage but try to be master by learning each and every thing is a bold step of trader which will make them expert one day.

dunfida

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Quote from: xSkylarx on August 23, 2023, 08:15:43 PM

Quote from: Uruhara on August 23, 2023, 07:04:40 PM

Quote from: tvplus006 on August 23, 2023, 10:50:14 AM

Quote from: Uruhara on August 22, 2023, 06:47:12 PM

...So the problem is we have to be able to restrain ourselves. And we should only enter into trades when we are truly psychologically prepared. should not be too excited but also should not be too lazy in making analysis and trading. Everything must be done quietly...

It is obvious that beginners want to earn a large amount of money as soon as possible. Therefore, they believe that if they open new orders more often, the faster their goal will be achieved. The fear of lagging behind the market movement leads to mistakes that entail the loss of money.

You are right. Beginners tend to do things like that. Because I was in the same situation and condition when I was just learning to trade. I always open positions in a hurry and I also always close positions in a hurry. The point is that everything is too forced and always wants to be done quickly. Well we want to quickly have big profits in a short time. But over time, when experience increased, I began to understand that we really have to trade in a calm position. And our psychology must be in good shape. And we must limit our trading hours to maintain emotional stability. Well, I'm still learning to this day.

Right timing is really the key, or having an established strategy, because if we hastily put a trade in, meaning we don't have a concrete process on where we trigger the trade because we just think that is the best spot, which turns out not to be, this is really the start of losing, which is again normal for trading. All of us have been through it, but we should learn from it so that it won't happen again. Also, emotions are a big factor in it, which is why if you are in a good mental state, you can trade and decide more.

And able to easily adapt on the time that you would really be that able to encounter such changes on which we know that we do have set a particular analysis and action point whether we are selling or be still holding but

there are circumstances or conditions which might really be able to changed up that on the time that you would be able to encounter certain conditions on which you would really be needing to act fast if you are really that going for short term but if you are basing up on long term then this wont really be an issue since you can simply hold into your position and just wait up for the price to recover. In speaking about emotions then it would really be normal that there would really be those sudden impulse action that would be felt on because we are just human and its normal to have those kind of impulsive reactions which might lead to those actions
that out of our analysis.

Being a trader then you should really be making yourself that versatile because if not then you would really be finding yourself on committing lots of errors and mistakes just because
you would be simply missing out those things which you are really that supposed to take action on.

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Quote from: tvplus006 on August 24, 2023, 12:12:33 PM

Quote from: Uruhara on August 23, 2023, 07:04:40 PM

-snip-

Everyone was once a beginner and, accordingly, made similar mistakes. Only some gave up trading, while others brought new money in order to test another strategy and eventually found their own, which allowed at least not to lose their money.

Some traders will plainly give up because they failed to learn a good trade - while others will take their failure as a lesson and do something better to avoid repeating the same mistake again. Everyone has made mistakes, both big and small - but these mistakes should be part of our journey to success.

Learning new trading strategies is part of how traders grow - but it never guarantees they will be successful with their new strategy. After all, trading may not be better than investing in the long term - the meaning is that a trader can still lose all his profits in just one mistake.

tvplus006

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Quote from: Uruhara on August 23, 2023, 07:04:40 PM

Beginners tend to do things like that. Because I was in the same situation and condition when I was just learning to trade. I always open positions in a hurry and I also always close positions in a hurry. The point is that everything is too forced and always wants to be done quickly. Well we want to quickly have big profits in a short time...

Everyone was once a beginner and, accordingly, made similar mistakes. Only some gave up trading, while others brought new money in order to test another strategy and eventually found their own, which allowed at least not to lose their money.

xSkylarx

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Quote from: Uruhara on August 23, 2023, 07:04:40 PM

Quote from: tvplus006 on August 23, 2023, 10:50:14 AM

Quote from: Uruhara on August 22, 2023, 06:47:12 PM

...So the problem is we have to be able to restrain ourselves. And we should only enter into trades when we are truly psychologically prepared. should not be too excited but also should not be too lazy in making analysis and trading. Everything must be done quietly...

It is obvious that beginners want to earn a large amount of money as soon as possible. Therefore, they believe that if they open new orders more often, the faster their goal will be achieved. The fear of lagging behind the market movement leads to mistakes that entail the loss of money.

You are right. Beginners tend to do things like that. Because I was in the same situation and condition when I was just learning to trade. I always open positions in a hurry and I also always close positions in a hurry. The point is that everything is too forced and always wants to be done quickly. Well we want to quickly have big profits in a short time. But over time, when experience increased, I began to understand that we really have to trade in a calm position. And our psychology must be in good shape. And we must limit our trading hours to maintain emotional stability. Well, I'm still learning to this day.

Right timing is really the key, or having an established strategy, because if we hastily put a trade in, meaning we don't have a concrete process on where we trigger the trade because we just think that is the best spot, which turns out not to be, this is really the start of losing, which is again normal for trading. All of us have been through it, but we should learn from it so that it won't happen again. Also, emotions are a big factor in it, which is why if you are in a good mental state, you can trade and decide more.

Uruhara

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Quote from: tvplus006 on August 23, 2023, 10:50:14 AM

Quote from: Uruhara on August 22, 2023, 06:47:12 PM

...So the problem is we have to be able to restrain ourselves. And we should only enter into trades when we are truly psychologically prepared. should not be too excited but also should not be too lazy in making analysis and trading. Everything must be done quietly...

It is obvious that beginners want to earn a large amount of money as soon as possible. Therefore, they believe that if they open new orders more often, the faster their goal will be achieved. The fear of lagging behind the market movement leads to mistakes that entail the loss of money.

You are right. Beginners tend to do things like that. Because I was in the same situation and condition when I was just learning to trade. I always open positions in a hurry and I also always close positions in a hurry. The point is that everything is too forced and always wants to be done quickly. Well we want to quickly have big profits in a short time. But over time, when experience increased, I began to understand that we really have to trade in a calm position. And our psychology must be in good shape. And we must limit our trading hours to maintain emotional stability. Well, I'm still learning to this day.

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Quote from: Hamphser on August 22, 2023, 04:36:06 PM

Quote from: jossiel on August 22, 2023, 01:24:01 PM

Very similar to gambling.

Let's put it this way, logically, when we trade then we could potentially win and lose. And it's like some sort of belief that when you trade more, you're likely to lose.

And the same goes with gambling, in the end, if you're a day trader OP. When you are in profit, don't lose it and just take it so that you'll see why these situations are fairly normal.

Similar situations on gambling but different in long term involvement on which we know that gambling cant really be that totally be compared to trading since its a different thing. Although in speaking about risks then it is really there and its up to someone whether they would really be accepting it and would really be considering on continuing specially on trading which its true that if you do see that you are really that making profits in the end of the day then it is really just that right that you shouldnt really be that stopping but rather continuing since this is an indicative sign that you are really that progressing in terms of
your trading. Problem? There's no problem as long you are really that sticking with your risks management because if you wont really be that mindful about this then you would really be ending up on
messing up your initial plans that you had made out earlier and possible goals that you had already insighted.

Sticking to the plan you've set and the risk management that you're doing will play the big part on it.

That's why we're chilled when we're excited and upon doing these trades, a lot changes based on the emotional that we're reacting from the trades we do.

And when you're determined to continue yet the results of the most trades you've done are not conducive, it's okay to stop for a while.

tvplus006

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Quote from: Uruhara on August 22, 2023, 06:47:12 PM

...So the problem is we have to be able to restrain ourselves. And we should only enter into trades when we are truly psychologically prepared. should not be too excited but also should not be too lazy in making analysis and trading. Everything must be done quietly...

It is obvious that beginners want to earn a large amount of money as soon as possible. Therefore, they believe that if they open new orders more often, the faster their goal will be achieved. The fear of lagging behind the market movement leads to mistakes that entail the loss of money.

irhact

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Quote from: awik p on August 22, 2023, 01:57:40 AM

sometimes the strategy system is also not in line with the existing market, and I think that is a normal thing, we can only do our best, and then God's hand will work, we just have to wait for the results whether it reaches the target or hits a stop loss. if you continue to experience losses, I think it will be a bad day, and instead of changing the strategy system, maybe examining the advantages and disadvantages of our strategy system would be better

You shouldn't wait on God to do his miracle when you're a professional trader, you have to make sure you do everything right as religion or faith has nothing to do with trading. If you're doing what you said then you have to be a gambler because it's only an individual that's hoping on his day been lucky that'll open a trade and pray to God to help him come out profitable. As a profession trader you should be able see how your trade will go if all your condition are meant.

If you're using a strategy that isn't in line with the current market condition then you have to change that strategy and use another one. We have many strategy that can give you profit, you have to look for which one will work well for you and stick to using it until you perfect it.

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Quote from: letteredhub on August 17, 2023, 04:44:04 PM

What do we think could be the cause for a trader that has been experiencing a win and lose repetitive occurrences in his trades.

Knowledge and experience make traders understand how to take profit positions and because of that traders will look calm even though they have suffered many losses while trading.

Quote from: letteredhub on August 17, 2023, 04:44:04 PM

Like he places a trade today he makes profit and the next day when he places another trade he would lose it, whereas the next day he then makes another profit and lose it the next. And this happen been repeating for more than a month.

That's how difficult it is to go through trading because anyone will experience a loss at a certain moment and it has become normal for this to happen in trading and vice versa regarding profits. Patience, controlling emotions and being calm are efforts that will lead someone to achieve an experience in trading.

Quote from: letteredhub on August 17, 2023, 04:44:04 PM

Has anyone had such experience? If yes! Then how was or could it be solved or stopped?
The situation is getting psychological.

Change the first strategy if in the second step we experience losses and so on try to look at strategic positions to take profit positions, then pay attention to stop-loss limits that must be avoided. Technical matters may need to be studied because we will not be able to read market movements if neither knowledge nor experience. Don't be greedy and don't be in a hurry when you want to cut loss or stop loss, do it with care and consideration.

Uruhara

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Quote from: letteredhub on August 17, 2023, 04:44:04 PM

What do we think could be the cause for a trader that has been experiencing a win and lose repetitive occurrences in his trades.

Like he places a trade today he makes profit and the next day when he places another trade he would lose it, whereas the next day he then makes another profit and lose it the next. And this happen been repeating for more than a month.

Has anyone had such experience? If yes! Then how was or could it be solved or stopped?
The situation is getting psychological.

Actually this is indeed related to our own psychology in trading activities. Well I've experienced it too. Or you could say I often experience it. Based on what I experience about this, when I get 2 or 3 profits in a trade, usually our psychology will start to get disturbed by the appearance of greed which starts to push us to be more involved in trading and hope to get the 4th profit on the same day. Even though mentally we are tired. But our greedy emotions push ourselves too hard to keep us trading even with psychological conditions that are actually starting to be ineffective to continue trading.

So the problem is we have to be able to restrain ourselves. And we should only enter into trades when we are truly psychologically prepared. should not be too excited but also should not be too lazy in making analysis and trading. Everything must be done quietly.

But honestly I don't understand with those who can trade every day. Because I can't trade every day. Because it was too tiring psychologically for me. I think day traders have a tough mentality.

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Quote from: letteredhub on August 17, 2023, 04:44:04 PM

What do we think could be the cause for a trader that has been experiencing a win and lose repetitive occurrences in his trades.

Like he places a trade today he makes profit and the next day when he places another trade he would lose it, whereas the next day he

In trading it's not necessarily mean that you will getting or making profits always, but the objectives of traders is that they will be making profits and whosoever that trade want to make profit..in the aspect of losing in a trade, I will like you to understand what can be major reasons that might contribute for losing in trading whereas you do make profit in trading is lack of concentration, when you lacks concentration in trading, its very obvious that you will lose in trading, you most advocate time to study the movement of candle sticks of chart before investing and when you have not make such sacrifice or pay much attention in such I believe that you will definitely lose in trading

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Quote from: letteredhub on August 17, 2023, 04:44:04 PM

What do we think could be the cause for a trader that has been experiencing a win and lose repetitive occurrences in his trades.

Like he places a trade today he makes profit and the next day when he places another trade he would lose it, whereas the next day he then makes another profit and lose it the next. And this happen been repeating for more than a month.

Has anyone had such experience? If yes! Then how was or could it be solved or stopped?
The situation is getting psychological.

Probably it’s his trading habits that made his trades end up with some profits and losses the following day. While it is known that trading is a combination of some profits and inevitable losses, but if the scenario keeps repeating itself, well then that certain trader should learn to evaluate his trading strategies, if they are still working or not. That way, he will start assessing what strategies to use continuously, and what strategies that need to revise or just develop new trading strategies.

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It is not a psychological issue but lack of understanding. Normally in trading one must win and loss. But for those who are expert of trading is hardly to loss everything because they understand the movement of the market and they know when to place market and when to stop the market but for those who have not mastered the movement of the market, in most time want to make big profit and they are cut to loss everything because they don't know when the market will go down and up. So they are liable to loss. And this as happened to me. So now I am very much be careful with trading.

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Quote from: MFahad on August 22, 2023, 01:09:23 PM

...In my opinion an experienced trader do not face such situation because he knows how to manage the circumstances that are against his hopes and he learned all the things before taking step into trading so if a person is facing such situations then main thing is that he does not understand the market completely so he should stop trading here...

Obviously OP is not an experienced trader, so the fact that he does not lose his money is already positive. After all, we all know that the main thing is not to lose your money, and profit will come to us together with knowledge and experience. Now he needs to carefully analyze his trading to understand the reason for his unsuccessful trades.

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Quote from: jossiel on August 22, 2023, 01:24:01 PM

Quote from: Timmzzy on August 22, 2023, 07:38:24 AM

Quote from: letteredhub on August 17, 2023, 04:44:04 PM

What do we think could be the cause for a trader that has been experiencing a win and lose repetitive occurrences in his trades.

Like he places a trade today he makes profit and the next day when he places another trade he would lose it, whereas the next day he then makes another profit and lose it the next. And this happen been repeating for more than a month.

Has anyone had such experience? If yes! Then how was or could it be solved or stopped?
The situation is getting psychological.

I think with the look of things he or she is overwhelmed with emotions that he makes profit that day and the next day he or she believes it will be the same this this things usually happens when you have too much confidence in a trade, its high time he or she accepts the fact trade can go anywhere at anytime its doesn't go in a straight line as we all know.

Very similar to gambling.

Let's put it this way, logically, when we trade then we could potentially win and lose. And it's like some sort of belief that when you trade more, you're likely to lose.

And the same goes with gambling, in the end, if you're a day trader OP. When you are in profit, don't lose it and just take it so that you'll see why these situations are fairly normal.

Similar situations on gambling but different in long term involvement on which we know that gambling cant really be that totally be compared to trading since its a different thing. Although in speaking about risks then it is really there and its up to someone whether they would really be accepting it and would really be considering on continuing specially on trading which its true that if you do see that you are really that making profits in the end of the day then it is really just that right that you shouldnt really be that stopping but rather continuing since this is an indicative sign that you are really that progressing in terms of
your trading. Problem? There's no problem as long you are really that sticking with your risks management because if you wont really be that mindful about this then you would really be ending up on
messing up your initial plans that you had made out earlier and possible goals that you had already insighted.

Topic: What could be the problem here? - page 2. (Read 703 times)