Emotion in Forex trading

Arcferreira posted:
There is a big difference between a retail trader and a hedge fund trader. This difference is called market depht. A small retail trader can open a 1 lot trade and ihe will not be noticed by market, because 1 lot is nothing. But a hedge fund can't open 10.000 lots in just one trade. This trade will cause a huge move in market, and his order will be filled in different levels. The other difference is the acceptable volatility. For a retail trader, 25% drawdown is acceptable. For a hedge fund, less than 10%.

Different things... A retail can trade for 10% monthly, an hedge fund for 3%.

togr posted:

Arcferreira posted:
There is a big difference between a retail trader and a hedge fund trader. This difference is called market depht. A small retail trader can open a 1 lot trade and ihe will not be noticed by market, because 1 lot is nothing. But a hedge fund can't open 10.000 lots in just one trade. This trade will cause a huge move in market, and his order will be filled in different levels. The other difference is the acceptable volatility. For a retail trader, 25% drawdown is acceptable. For a hedge fund, less than 10%.

Different things... A retail can trade for 10% monthly, an hedge fund for 3%.

That does not happen often
https://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/7862246/How-a-broker-spent-520m-in-a-drunken-stupor-and-moved-the-global-oil-price.html

Arcferreira posted:
There is a big difference between a retail trader and a hedge fund trader. This difference is called market depht. A small retail trader can open a 1 lot trade and ihe will not be noticed by market, because 1 lot is nothing. But a hedge fund can't open 10.000 lots in just one trade. This trade will cause a huge move in market, and his order will be filled in different levels. The other difference is the acceptable volatility. For a retail trader, 25% drawdown is acceptable. For a hedge fund, less than 10%.

Different things... A retail can trade for 10% monthly, an hedge fund for 3%.

NascarLover posted:
I don't know of ANY retail trader who went into institutional trading. Never heard or seen of anyone do that. Bank traders come straight out of college and then start trading. Retail traders are usually older and already have a day job

NascarLover posted:
I don't know of ANY retail trader who went into institutional trading. Never heard or seen of anyone do that. Bank traders come straight out of college and then start trading. Retail traders are usually older and already have a day job

togr posted:
Emotions makes us humans.
They also make us so bad traders.

Adribaasmet posted:

togr posted:
Emotions makes us humans.
They also make us so bad traders.

True; but we need to make sure enough practice before playing with our own capital; we need to learn the tricks for the live trading.

DFisher posted:

Adribaasmet posted:

togr posted:
Emotions makes us humans.
They also make us so bad traders.

True; but we need to make sure enough practice before playing with our own capital; we need to learn the tricks for the live trading.

Right. Not all of us get the successful trading for the first time.

togr posted:
Emotions makes us humans.
They also make us so bad traders.

iamjacobs posted:

togr posted:
Emotions makes us humans.
They also make us so bad traders.

if(emotions makes us humans && emotions makes us so bad traders){
     Humans are so bad traders;
}else{
    You are in 5%, who have profit;
    You are an alien;
}

togr posted:

iamjacobs posted:

togr posted:
Emotions makes us humans.
They also make us so bad traders.

if(emotions makes us humans && emotions makes us so bad traders){
     Humans are so bad traders;
}else{
    You are in 5%, who have profit;
    You are an alien;
}

Human without emotion is not necessarily alien :)

niceGLer posted:

togr posted:

iamjacobs posted:

togr posted:
Emotions makes us humans.
They also make us so bad traders.

if(emotions makes us humans && emotions makes us so bad traders){
     Humans are so bad traders;
}else{
    You are in 5%, who have profit;
    You are an alien;
}

Human without emotion is not necessarily alien :)

Yeah. That is called a high functioning psychopath. I'd rather co-operate with a HFA psycho than a borderline who cannot control oneself ;)

niceGLer posted:
In coming friday, the 1st of February is the NFP release day. I've decided to stay on sidelines until next week. That is emotionally difficult not to take any action. Almost depressing.

I didn't trade so much on demo. Instead, I tried to limit my losses until I get the grip from trading.