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Thread: Do you see trading as fun and games?

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    Do you see trading as fun and games?

    “One thing very good traders have is insight into themselves.” - Chris Tate


    FUN AND GAMES
    Recently Louise Bedford and I have been doing the Short Term Trading Magic seminars in a few places and it has been sometime since I did any form of presentation on a semi regular basis. As such it has been interesting to observe people as they work through various trading issues.

    One of the things I have noted is that people take trading far too seriously and this is reflected in a form of desperation. Desperation is the antithesis of the state of mind you need to be in to trade effectively.

    There is no deny that this is a phase everyone enters at some stage in their career but to be successful you need to move beyond this and begin to treat trading as the game that it is. Once I started treating trading as a game then it became so much easier on the soul and my results reflected this. I even have a t-shirt that says that the fewer fucks I give the more I make.

    This is not to say that I am reckless but rather that I am in no way wedded to the outcome of any trade. At its core my life will not change if a trade or even a cluster of trades are winners or losers – they are simply not that important. When compared to real life, trading is nowhere near as important as people think it is.

    It is often commented that children are better are learning new things than adults who seem set in their ways. I am not so certain that this is a reflection of any great cognitive superiority or plasticity that the young may have but rather a reflection of their willingness to be both wrong and to play. Young children have no ego therefore the mistakes that their play generate have no impact upon their sense of self-worth. As adults we lose this resilience because we believe that it is somehow catastrophic to our self-image if we do make mistakes.

    But in trading your mistakes are your own – no one else can see them so you are insulated from the judgment of others. This isolation gives you the freedom to be wrong but the only thing you have to cope with is your own judgment.

    Markets are a wonderful universes for exploration and for play. The presence of micro contracts in various instruments and online trading mean that you experiment very cheaply.

    The price of admission to the fun park is much lower than it used to be and the number of rides has gone through the roof. It is a shame that more traders don’t view trading as little more than a theme park where you can play to your heart’s content and during the process of playing you learn much more than you would if you were consumed by seriousness and desperation.


    Author: Chris Tate

    Article reproduced with kind permission of: http://tradinggame.com.au/


    More trading quotes are below:

    “To my way of thinking trading is an internal endeavour – there is no external enemy who you can deceive or overpower since markets only exist in the most ephemeral way inside your head. Markets may appear to be physical constructs but they are largely an illusion, trading occurs inside your head where your own perceptions and distortions of reality influence your decision making.” – Chris Tate

    “The one thing you shouldn't feel pressured about is trading. If you do feel that way, you probably need to take a step back and reassess. Pressured trade(r)s don't make good trade(r)s.” – Joe Ross


    www.tallinex.com wants you to be a successful trader


  2. #2
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    I consider Forex very serious business and I suggest all to take this seriously because if we don’t then it will be too risky. I always manage things very carefully, it’s easier through broker like FreshForex given they have zero spreads, fast execution and even superb Mega Rebate scheme to help getting up to 20 USD back per lot size trade.


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    Besides seriousness we need to be consistent as well as patient too because sometimes it happens when a good trade become bad as well so we better need to watch out.


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    I have never seen Forex trading as a game but I have enjoyed my trading life and time. I always like to trade with light mood so that even I fail I will be happy. I do not care about the loss because it is part of this work.


  5. #5
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    L'esperienza è un fatto importante per avere successo nel forex trading. Molti trader fanno trading forex da molto tempo, ma non hanno avuto successo. Fondamentalmente il successo è dietro in alcuni fatti. Il trader deve concentrarsi e lavorare su questo. Prima di tutto hanno bisogno del chiaro concetto di trading. Quindi devono unirsi a un buon broker. Sono entrato in TradesFX. Questo broker mi suggerisce quale strategia di trading dovrebbe essere adatta a me.


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    yes we also run a Predict and win contest to make trading interesting.


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    If you really you want to be a millionaire in the forex market please forget about making money easily. You can not make a cold cash in the forex market because that does not exist.


  8. #8
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    Forex is a serious business and we can not consider it as a game. I do Forex as a longterm business and with good strategy and plan. If you want to be a successful trader then you need to learn the basics of Forex and then start trading.

    https://libertex.com/de/currency/gbp-aud


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