Why is Trading So Hard? Buy Low and Sell Higher. What is so Difficult about That? 😓
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- เผยแพร่เมื่อ 8 ก.ย. 2024
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Why is trading so hard? www.financial-s... PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE Buy lower and sell higher. What is so difficult .Trading is very difficult - to have consistent profits in the markets is a challenging prospect.
1) With trading there is no right or wrong thing - even if you do the wrong thing you might make money at times so you could be rewarded for bad behaviour and vice versa. Also there is no holy grail system that will work in the markets all the time in any market condition; at some point you have to adapt and adjust.
2) You are competing against the best in the world. You are trading at the top levels and you are taking money from some very bright minds and competing against institutions. So choose your battles carefully; don't get overconfident or overcocky.
3) The money issue. If you trade with demo money its nothing and you are a genius. As soon as you tie real money to your trading decisions it changes.
4) You can lose what you've made in a short period of time due to bad decisions.
5) There are too many opportunities out there - you can trade any market you want at any time you want.
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#1 it requires patience. #2 You have to be willing to look at yourself honestly and face personal flaws within yourself. #3 It requires upfront sacrifice of time and money, with no surety of returns. #4 You will lose your money on a regular basis which bruises the ego. #5 People are intimidated by things they don't understand, and the market is complicated.
Fear and tight stop loss kills my account
Yes, so true because the market has unpredictable behaviour. It is like dealing with an unpredictable friend.
Because the odds has always been against you. Fundamentally, stocks are supposed to work long term to deliver value. Trading is about hoping that the next buyer is willing to pay a higher price or the next seller is going to sell at a lower price. There is no intrinsic value created or destroyed. You are working with probabilities and against your emotions which can swallow you whole.
4. Because there's an inherent negative edge from the spread and commission.
I love this guy. He's boss.
Another cause of great difficulty is that traders do not know the market! Most traders focus only on strategy. They solution is not looking for the next best strategy but getting to know the markets the person who knows the markets can trade with any strategy, indeed, he can trade with discretion only, without indicators and be consistently profitable.
It is very easy to trade:
I trade like an investor - average down if you trust the investment but you must have adequate capital or funds outside your investment for position size averaging down then take your profits whenever it comes back up. lol. You have to wait! Maybe a long time! Stop losses are the Market Makers profiting. They run and trip stop losses when they want to. I never trade with leverage!
You do not need to double your shares for averaging down just keep your shares till you make the profit! All you need is a maximum amount of funds outside your investment and use this fund sparingly. 50/50 rule is like 50 percent of shares in and 50 percent of funds out. While share price is falling keep the same percentage of shares in averaging. Position sizing is critical - key.
True, position sizing and portfolio management in terms of scalping bits of profit are key when not using stop losses. We should have a certain percentage rule like 5% of the portfolio to trade while having extra funds if a swan crash happens.
I keep saying to myself i should give up.
But my account is still 50 50 so i must be doing something okay
we are really competing against somebody? I never seen things like that, I just put the trades and let it go, I don't care if others are winning or losing. I can't see any competition
It doesn't matter if the best are The participants in the market or not! What is easier? To take 50£ from 100£ bank or 50£ from 5 trillion bank. Of course 50£ from a 5t industry.
The Real challenge really is to beat yourself, your ego and emotions
You couldnt say it better, I totally agree with you. We are overcomplicating trading more than it really is because of the reasons you said. Once you beat yourself, you become successful.
Why is (learning) trading so hard?
-Often hard to decide who knows what they are talking about
-Too many dodgy salesmen
-Difficulties in determining what material to learn. What is important? what is garbage?
-Why does this guy always seem s little tipsy, but I absolutely love his videos?
Because it is very hard to have consistent discipline. I still fall in that trap, but not so often anymore. Everything is about Risk Management and it sound so easy, but it is not. This is why I will never stop learning. Leveraging is very dangerous, only use it when the right moment is there.
"If You don't want to be the best, then don't try to compete."
I think reason nr 1 ppl loose in trading is not having Mental skills and not working on it. So many have good plan but not Mental skills to get to consistant profits.Like Mark Douglas says.-- It’s critical to remember that no matter how good your technical method is at generating wining trades, turning those winners into a consistent income takes the ability to do or not do some things that the method can’t help us with. The method can’t force us to pre-define our risk, or with making the mistake of moving our stop closer and stopping us out prematurely, it can’t stop us from hesitating and getting in too late or from over-trading or from getting out too soon and leaving money on the table. No matter how good the method, if you make mental errors you will lose.
Analysis paralysis, fear of missing out.
Traders biggest enemy is trend flipping on A dime(e.g. 1H/lower time frame trend).Trend on 4H chart is the best trend guide for majority of forex traders( if one keeps trades for 2-5 days). By the time trader realizes that trend on daily chart is up, market has already gone up about 3-5 days & if you ask supercomputer for the mathematical odds, computer tells you that odds are negative right from the start.Trend based on the last 5-10,four hourly candles has enough players/juice behind it so that it would not flip on A dime, so trader has decent chance to make something without buying overpriced asset. Sir, I seek your wisdom?Thank you.
I dunno about #1. Market punishes me for one thing - not following rules. Yes sometimes I had days where I perfectly followed rules and lost money -but it was manageable losses. Going through my journal all the times I lost majorly was because of breaking rules. Same thing with profits - if I strictly followed profit taking rules I would made more money. So I would say feedback is right there
Trading is so hard because everyone hears something different from most instead of sticking to the fundamentals the ground work. The market tells you which way it's going it's up to us to decipher the story it's telling us
THE hardest thing is finding an edge that works overtime. The 2nd is mentally being able to execute it without errors.
Programming is so so helpful.. hard to learn but if you are serious then it opens up a ton of possibilities like automation and backtesting, and takes away much of the reactive emotional decision-making.
You are great !..probably the best channel I came across that perfectly explains trading psychology!!
Partly because stop is way closer than the target (as it needs to be) and you don't *know* what is going to happen
The stock market is a continuous lesson in the ability of men to predict the future. - Bernard Baruch
Trading is not that hard if u want to be succesful comparing to other kind of jobs
The tricky part is not the method but ur emotion and mimdsets,its the game that seems to be playing with those who are better than u but actually in the long run ,u r competing with urself to beat ur emotions and do exactly what ur plan tells u to do
Most of the traders are not successful because in the long run they cant keep the profits that they have got ,they tend to overtrade .As i said that method isnt a big deal what matter is emotions ,as he said that there are many genius demo account trading thats because there is no emotions when u trade demo. This is why whatever strategies u have learned ,doesnt make u to become successful ,what make u to be profitable consistency is Do u do exactly and follow ur plan ? If the answer is yes so u r beating lots of traders out there. This game is about emotions and mindsets
Fear, greed & uncertainty. Or rather up trends, down trends & consolidation. If only there was a way to map or chart these emotions. 🤓
Great Explanation - Cheers
Trading is hard because of spread, commissions and slippage. Backtest without those, even a simple price vs simple moving average crossover will win consistently.
Trading is similar to poker game, people are dynamic and always changing their strategy. in the early days, just playing tight alone will win you money, but right now it will lose money. You have to feel the shift and the change in meta. This comes with experience.
If it was that easy to buy low sell high we would all have money coming out of our butts
have clear rules you apply systematically, and know your expected profit, max drawdown, and alpha decay, with back-testing over at least 100 trades ; anything less than this you'll lose your money
Great points, really.
Yes everything is right but trading needs discipline and patience. Anyone who actually trades is supposed to be very patient because when it comes to forex trade, the patient dog eat the fattest bone
It's not hard just stop holding bags and keep your runners. Only trade consistent winning setups when they come around don't try to force the market
I am horrible on demo
Yeah i have tried long enough and the people who are doing it profitably i commend them, it is not an easy thing to do.
really good video, point 4 is on the spot
wow great video! couldn't say it any better myself
Trading is hard because people focus on that one losing trade and keep dwelling on it. Trading is hard because they do it for the money and not because they are passionate, the challenge and the learning. Trading is hard because trading is complex and it takes time, but the ordinary trader don't want to study, don't want to spend lots of screen time and want to make a million dollars in a short period. Trading is hard because they are doing it on their own, and not emulating someone who has traded consistently and making $. I think it just takes 1 to 2 strategies to make $ consistently. Trading is like preparing for a competition, you have to do what it takes.
I always enjoy your lessons. Valuable info 👍
Brilliant stuff mate.
5:45
Good Video, Thanks
Another great video 👍🏾
the better I do the worse my heartburn gets
good video thanks
Very astute
Overloaded with information..
Supposed to be simple right... only buy & sell.
one way to 'alleviate' this is to take a small amount of your profit from each trade; 5%;10% what you decide is appropriate for you and put it to one side Do the same thing next time with the profit from that trade, &c. Don't spend your 'slush fund'. As it accumultes, buy a bond ..! -- better than a bank account and a lot better than a GIC [ money tied in for 6mons, 12 months, whatever...]At least with a bond you can sell it today or tomorrow....
you should be getting more views.. #TH-camhasfailedyou
When i trade i trade from 5 to 10% of my money 😆
What is his name?
Mark
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Yes everything is right but trading needs discipline and patience. Anyone who actually trades is supposed to be very patient because when it comes to forex trade, the patient dog eat the fattest bone