Emotion in Forex trading

Jun 13, 2018 at 10:19
9,946 Visa
308 Replies
Medlem sedan Feb 22, 2011   4862 inlägg
Jan 02, 2019 at 10:50
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
Medlem sedan Mar 02, 2017   50 inlägg
Jan 03, 2019 at 08:53
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!
Medlem sedan Apr 18, 2017   920 inlägg
Jan 10, 2019 at 05:48
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!
Medlem sedan Jan 11, 2019   11 inlägg
Jan 11, 2019 at 11:04
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
Medlem sedan Sep 12, 2015   1948 inlägg
Jan 11, 2019 at 14:12
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".
Medlem sedan Aug 27, 2017   994 inlägg
Jan 13, 2019 at 07:42
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.
Medlem sedan Aug 09, 2017   785 inlägg
Jan 15, 2019 at 11:21
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.
Medlem sedan Jan 15, 2019   11 inlägg
Jan 15, 2019 at 11:55
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
Medlem sedan Feb 22, 2011   4862 inlägg
Jan 16, 2019 at 13:55
Emotions makes us humans.
They also make us so bad traders.
Medlem sedan Aug 27, 2017   994 inlägg
Jan 17, 2019 at 07:34
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.
Medlem sedan Jul 21, 2018   12 inlägg
Jan 20, 2019 at 07:45
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.
Medlem sedan Apr 18, 2017   920 inlägg
Jan 20, 2019 at 10:06
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.
Medlem sedan Nov 07, 2018   17 inlägg
Jan 29, 2019 at 13:00
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;
}
Medlem sedan Dec 28, 2013   171 inlägg
Jan 29, 2019 at 14:53
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.
Medlem sedan Feb 22, 2011   4862 inlägg
Jan 29, 2019 at 16:17
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 :)
Medlem sedan Dec 28, 2013   171 inlägg
Jan 29, 2019 at 16:29
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 ;)
Medlem sedan Feb 22, 2011   4862 inlägg
Jan 30, 2019 at 11:55
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.
dWaverFX
forex_trader_54192
Medlem sedan Nov 21, 2011   13 inlägg
Jan 30, 2019 at 12:50
Establish emotional boundaries between you and the trade, accept personal responsibility for your actions and let it go.
Medlem sedan Apr 18, 2017   920 inlägg
Jan 30, 2019 at 12:57
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.
Medlem sedan Jan 14, 2017   38 inlägg
Jan 30, 2019 at 13:03
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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