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Emotion in Forex trading
Ahli sejak Feb 22, 2011
4573 hantaran
Jan 02, 2019 at 10:50
Ahli sejak Feb 22, 2011
4573 hantaran
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
Ahli sejak Mar 02, 2017
46 hantaran
Jan 03, 2019 at 08:53
Ahli sejak Mar 02, 2017
46 hantaran
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!
Ahli sejak Apr 18, 2017
700 hantaran
Jan 10, 2019 at 05:48
Ahli sejak Apr 18, 2017
700 hantaran
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!
Ahli sejak Jan 11, 2019
11 hantaran
Jan 11, 2019 at 11:04
Ahli sejak Jan 11, 2019
11 hantaran
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
Ahli sejak Sep 12, 2015
1933 hantaran
Jan 11, 2019 at 14:12
Ahli sejak Sep 12, 2015
1933 hantaran
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
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.
"They mistook leverage with genius".
Ahli sejak Aug 27, 2017
875 hantaran
Jan 13, 2019 at 07:42
Ahli sejak Aug 27, 2017
875 hantaran
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.
keeping patience.......
Ahli sejak Aug 09, 2017
598 hantaran
Jan 15, 2019 at 11:21
Ahli sejak Aug 09, 2017
598 hantaran
Greed and emotions almost same. Generally beginners attacked by this common human nature. We can control this by proper trading practice as well great discipline.
Ahli sejak Jan 15, 2019
11 hantaran
Jan 15, 2019 at 11:55
Ahli sejak Jan 15, 2019
11 hantaran
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
Ahli sejak Feb 22, 2011
4573 hantaran
Jan 16, 2019 at 13:55
Ahli sejak Feb 22, 2011
4573 hantaran
Emotions makes us humans.
They also make us so bad traders.
They also make us so bad traders.
Ahli sejak Aug 27, 2017
875 hantaran
Jan 17, 2019 at 07:34
Ahli sejak Aug 27, 2017
875 hantaran
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.
keeping patience.......
Ahli sejak Jul 21, 2018
11 hantaran
Jan 20, 2019 at 07:45
Ahli sejak Jul 21, 2018
11 hantaran
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.
Ahli sejak Apr 18, 2017
700 hantaran
Jan 20, 2019 at 10:06
Ahli sejak Apr 18, 2017
700 hantaran
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.
Ahli sejak Nov 07, 2018
17 hantaran
Jan 29, 2019 at 13:00
Ahli sejak Nov 07, 2018
17 hantaran
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;
}
Ahli sejak Dec 28, 2013
160 hantaran
Jan 29, 2019 at 14:53
Ahli sejak Dec 28, 2013
160 hantaran
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.
Ahli sejak Feb 22, 2011
4573 hantaran
Jan 29, 2019 at 16:17
Ahli sejak Feb 22, 2011
4573 hantaran
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 :)
Ahli sejak Dec 28, 2013
160 hantaran
Jan 29, 2019 at 16:29
Ahli sejak Dec 28, 2013
160 hantaran
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 ;)
Ahli sejak Feb 22, 2011
4573 hantaran
Jan 30, 2019 at 11:55
Ahli sejak Feb 22, 2011
4573 hantaran
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 ;)
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.

forex_trader_54192
Ahli sejak Nov 21, 2011
12 hantaran
Jan 30, 2019 at 12:50
Ahli sejak Nov 21, 2011
12 hantaran
Establish emotional boundaries between you and the trade, accept personal responsibility for your actions and let it go.
Ahli sejak Apr 18, 2017
700 hantaran
Jan 30, 2019 at 12:57
Ahli sejak Apr 18, 2017
700 hantaran
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.
Ahli sejak Jan 14, 2017
35 hantaran
Jan 30, 2019 at 13:03
Ahli sejak Jan 14, 2017
35 hantaran
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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