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Emotion in Forex trading
Jan 02, 2019 at 10:50
Anggota Sejak Feb 22, 2011
4862 pos
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
Anggota Sejak Mar 02, 2017
50 pos
Jan 03, 2019 at 08:53
Anggota Sejak Mar 02, 2017
50 pos
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
Yes, near 1/2 billion caused a destruction in oil market...
Trade safely... Remember, a high Drawdown means a high risk!
Jan 10, 2019 at 05:48
Anggota Sejak Apr 18, 2017
920 pos
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%.
Got your point; but there have so many traders who started their trading career as a retail trader but now they are the institutional payers!
Anggota Sejak Jan 11, 2019
11 pos
Anggota Sejak Sep 12, 2015
1948 pos
Jan 11, 2019 at 14:12
Anggota Sejak Sep 12, 2015
1948 pos
NascarLover posted:I was a retail trader before I got a job as a professional ,I know a few guys who started that way plus its good in an interview.
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
"They mistook leverage with genius".
Anggota Sejak Aug 27, 2017
994 pos
Jan 13, 2019 at 07:42
Anggota Sejak Aug 27, 2017
994 pos
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
It’s not common case mate! But I believe it’s possible! The sky has no limit.
Anggota Sejak Jan 15, 2019
11 pos
Jan 15, 2019 at 11:55
Anggota Sejak Jan 15, 2019
11 pos
I think that it helps to start with a very small Lot size and then increase the amount very slowly (I am talking about the period of a year at least going from 0.01 to 0.1). I think that this helps control emotions and get used to trading with real money
Anggota Sejak Aug 27, 2017
994 pos
Jan 20, 2019 at 07:45
Anggota Sejak Jul 21, 2018
12 pos
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.
Jan 20, 2019 at 10:06
Anggota Sejak Apr 18, 2017
920 pos
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.
No way; in my demo I faced MC for 4-5 times; although I used then 3-4% risk; basically consistent SL was my main problem.
Jan 29, 2019 at 14:53
Anggota Sejak Dec 28, 2013
171 pos
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.
I didn't trade so much on demo. Instead, I tried to limit my losses until I get the grip from trading.
Jan 29, 2019 at 16:17
Anggota Sejak Feb 22, 2011
4862 pos
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 :)
Jan 29, 2019 at 16:29
Anggota Sejak Dec 28, 2013
171 pos
togr posted:Yeah. That is called a high functioning psychopath. I'd rather co-operate with a HFA psycho than a borderline who cannot control oneself ;)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 :)
Jan 30, 2019 at 11:55
Anggota Sejak Feb 22, 2011
4862 pos
niceGLer posted:togr posted:Yeah. That is called a high functioning psychopath. I'd rather co-operate with a HFA psycho than a borderline who cannot control oneself ;)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 :)
Or simply you convert your trading idea to robot.
Test it with tick data precision over years
Run it on demo
Run it on small account
Run it big
Became independent trader, trading for living.
That is my story in short.
Jan 30, 2019 at 12:57
Anggota Sejak Apr 18, 2017
920 pos
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.
Then now you are using micro account; isn’t? besides, if you are not confident enough; better to leave the news session.
Jan 30, 2019 at 13:03
Anggota Sejak Jan 14, 2017
38 pos
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 :)
Of course not :-)
Human ? (You are in 5%, who have profit) : alien;
But I'm also not sure if aliens have emotions...
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