What makes you feel better?

[new_trader]

I didn't have permission to create a poll, so here is the question:

What makes you feel better?

1) Placing a trade that results in a Profit
2) Missing a trade that would have resulted in a Loss
3) Neither

 

[Vorbis]

I would say that it depends on the magnitude of the win. If you practice good risk control the potential loss should be small of course.

 

[damianoakley]

I didn't have permission to create a poll, so here is the question:

What makes you feel better?

1) Placing a trade that results in a Profit
2) Missing a trade that would have resulted in a Loss
3) Neither

As a professional trader, you are supposed to remain emotionless and neutral, but we are humans not robots, so I would say it is human nature that number 1 would always feel better.

Personally, I would not feel good about missing any trade that I should have taken as per the rules of my strategy, as it would show that my state of mind is not 100% on the game.


Thanks

Damian

 

[wasp]

I didn't have permission to create a poll, so here is the question:

What makes you feel better?

1) Placing a trade that results in a Profit
2) Missing a trade that would have resulted in a Loss
3) Neither

4) Trading my plan precisely, week in, week out.

I know if I do that, 1), 2) and 3) become completely irrelevant.