What is Your Biggest Weakness As a Trader?

[Stefan 10]

Most humans are "designed" to lose in markets (Kahneman-Tversky's prospect theory: Risk seeking with losses and risk-avoiding with profits).

[Obsidian 10]

Most humans are "designed" to lose in markets (Kahneman-Tversky's prospect theory: Risk seeking with losses and risk-avoiding with profits).

 

I am not sure if I should blame my designer or not hmm...

[Angelnish 10]

Patience and emotion

[obradovicmilica 10]

I think that my biggest weaknes will be that I usually get very much emotional and will be unable to cut my losses - i think that Every trader has this problem and if he is able to cut the losses that is a turning point.

[obradovicmilica 10]

spending too much time watching the market made me impatient

[Jack Francisco 10]

So far ,

 

1. Greed

 

2. Trading without stop loss

 

3. Emotions

 

Most traders said that these are the three main greatest weaknesses in Forex trading.

 

We must find ways to tackle that.

[Lavazza 10]

Emotions -> Thinking I 'know the market'

Continue to try coping with that.

[Angelnish 10]

I think greed is my biggest weakness. Although I try my best to control this but still I feel that lot of work is required to control my greedy behaviour. It is necessary to control it because sometimes greed causes loss in crucial stages.

[tenfold 10]

Are you successful now? How did you overcome yourself as your weakness? There must have been a turning point when you said, "Aha! I've got it now. This is what I need to do!"

 

Please elaborate what weaknesses do you have in order to get rid of it?

 

There is this little imp living in me, his name is Greed.

 

He ask me to stomach positions bigger than i can afford.

 

He is very bad.

[jiken 10]

My weakness is impatience. As i can't wait for long to get profit. But now, I am learning to read a long term chart.

[Thomas012 10]

Hi

Sometime its very difficult to judge how trading fluctuates with market inflow and outflow.

However various means and measures are avilable in the market to allure us of short term benefits incurring minimal loss. However hard it might seem most of the time either its a fraud case or huge loss.

 

Thanks

[Jack Francisco 10]

My weakness is impatience. As i can't wait for long to get profit. But now, I am learning to read a long term chart.

 

i am agree with and i have the same problem, i tried to control my self, my emotion but most of the i failed to control it

 

I am trying still:missy:

[ChinaCommodity 10]

Nice Question:

 

I have been trading from last 5 years and my biggest weakness was that I usually get very much emotional and was unable to cut my losses - Every trader has this problem and if he is able to cut the losses that is a turning point.

 

When I started trading with strict stop losses and was able to cut positions in losses that was the turning point and It started to pay me - I paid a lot of price for that in thousand of dollars and wish no one pay such.

 

Cut your losses when they are small and float your profits.

 

Happy Trading

 

 

I feel the most horobal mistake is not trusting your wining experience. Unable to insist what you prepared and planned. But for biginners just need to cut the loss even profit frequently so you cant go too worse.

[jiken 10]

My biggest mistakes is sometimes I have no time in waiting the chart, and I lost some reading. Therefore it is difficult to get profit once I'm lost in reading.