"They trade instruments they do not understand, they enter markets they should not at their level of knowledge and experience enter, they start to trade in multiples that they cannot afford, they put on positions without stoploss protection and saunter off to mow the lawn, they refuse to be self disciplined,
they get agitated at a loss and have another go and another and another, and all of this I mention above WITHOUT USING STOPS, and then they start to create problems by blaming everybody except themselves."
Socrates,
I think Dr. Van Tharp would have something to say about this lack of discipline, and would concur with the comment that you make in this respect, although I accept, of course, that Dr. Van Tharp's beliefs are not applauded by all who subscribe to this board.
I have just completed my first read of "Trade your way to Financial Freedom," written and edited by Dr. Van Tharp, and consequently I need, therefore, to adorn my eyelids with slices of cucumber and retire to a darkened room to sleep, perchance to dream!
Seancass