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Why Traders Intentionally Make Mistakes

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Uploaded by on Feb 28, 2007

www.insideouttrading.com/pit/

Brian McAboy explores the question why traders intentionally make mistakes that cost them money - repeatedly. To become a great trader, go to Inside Out Trading dot com.

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  • I am a Buddhist when it comes to trading, when I get excited I ride my bike fast in seoul traffic and sit back down and be bored here. Everything has its own time. It's not about the money, it's about being competent. Everybody hates incompetence. Do you want to be a competent trader?

  • Yes, trading is really boring. You enter a position at 11am and then the market moves sideways for half and hour, then almost stops you out, and finally after an hour or so it reaches your profit target and you have to close out the position. But part of you wants to keep it open hoping that it will keep going higher (or lower). And in the blink of an eye a 15-point profit gets sliced in half.

    I wish they had some kind of drug to prevent people from taking huge risks.

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  • TA baby -- No, not technical analysis.

    TA would mean -- Traders Anonymous.

    A simple cure would be to put down the mouse and delve headlong into another enjoyable persuit: list many exciting things that there are out there and build your enthusiasm for one, two or more of these things; for, as the video indicated that the above mentioned was that he is putting his families financial health in jeopardy. This is an illness and is in dire need of treatment. Subconciously he is punishing himself.

  • wow

  • you've just talked about me really..

  • This lesson i what sometimes comes up with me. Good lesson.

  • very true

  • true.

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