Mayfair_Ventures

Trading can be lonely... What do you think...???

Education
BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Although not exactly education - I thought it would be different to ask rather than just post.

As a trader of 21 years, I have gone through various ups and downs. Emotions, stress, pain and success. I thought it would be interesting to ask the question, it doesn't matter if you have traded 40 years, started due to Covid or been learning.

The only competition in trading is with yourself! (and of course your emotions)

With global lockdowns, it's possible trading has been even more singular than usual. So I am asking if you want to share your stories, what you like & dislike about trading. Strategies, mentors, tips you might have learned. Even why and when you started!

Why do you trade? What do you want from trading? are you getting it? what's missing? what's working?

Hope you are all having a good weekend!

Post comments/stories below.


Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

Comments

Thanks for creating this fun "share your journey" post! The comments are fantastic. It's been featured in Editors' Picks & the Weekly Email!
200 coins
+12 Reply
Mayfair_Ventures TradingView
@TradingView, Thank you kindly. Yes I am glad people are sharing. One suggestion was maybe a group for people to share not ideas - but their journey or just how and why they trade etc?
+3 Reply
Love this! I started trading commodities from a Ken Roberts course over 25 years ago with paper charts that came in the mail weekly.. .I immersed myself in commodities and did amazing.. .until I didn't - did great with Gold but lost my shirt between OJ & Wheat! Wasn't able to successfully quit my day job back then, but I retired early (54) two years ago to trade currencies and have largely done well! My biggest problem with trading is sticking with what I know works.. .I get in trouble when I tweak, tweak, tweak, so I am focused on doing what I do and doing it well (no emotion-robotic-no predictions)! Viva la independence ~ in the next year I should be able to pay off my condo and be completely debt free - helping my daughter get into the same state is paramount and then world travel plus starting a charitable foundation are next on my list. Cheers!
+32 Reply
@Hociemocie, Thanks for the comment - yes tweaking can lead to some more confusion sometimes. Sometimes we get it wrong, it's simply statistics. I know some traders sub 50% win rate, proper risk management and making hundreds of millions a year for their funds. Awesome re the Condo and your daughter - love the idea of a charitable foundation. Let me know more in a DM as we work on some philanthropic projects, NGO's and INGO's. Maybe connect some dots.
+2 Reply
John_Q_Public Hociemocie
@Hociemocie, Wow I think you hit on many traders weak spot. Not sticking with what you know works and getting into tweaking then the losses mount up. I still do it. I panic when I feel I'm missing a trade. Never goes well.
+5 Reply
Hociemocie John_Q_Public
@John_Q_Public, I also find that people ask my opinion about this or that market and then I subconsciously feel I need to trade in that direction to defend it or something lol! I find that not talking about it with others and just doing my thing helps me be more successful. I actually broke up with a boyfriend because he started analyzing my trading (he is not a trader!) and I couldn't stand it anymore!!
+5 Reply
@Hociemocie, yes it can easily be the Fear of Missing Out as they call it. Crypto is a great example - I read a tweet recently by some financial analyst and it was along the lines of "you know there's a bubble when your family & friends ask you about it. Then your neighbor, then you hear from a guy you haven't spoken to for 20 years, telling you he just invested in it. At that point, the rally stops" I think under the surface it's simply human emotions. If you have a plan you can stick to what you know, the unknown can be less of a rush to get in.
+3 Reply
Hociemocie Mayfair_Ventures
@Mayfair_Ventures, agreed!!
+1 Reply
Heissman Hociemocie
@Hociemocie, right! Do not try to make sense of how and why I trade. I have to keep the audio off too.
+4 Reply
Hociemocie Heissman
@Heissman, glad to hear I'm not alone in this!
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out