The issue is very real. Authors like Alexander Elder have written about Trading becoming an addiction.
There is a stark parallel between an alcoholic and a trader whose account is being demolished by losses. He keeps changing trading tactics, acting
like an alcoholic who tries to solve his problem by switching from hard liquor to beer. A loser denies that he has lost control over his course in the
market.
I find that sometimes I'm unable to pull myself away. I break my trading rules (limit of trades per day), finding it hard to close the terminal.
Have you faced this situation? How did you cope? Or would you have to say anything about this?
Hope this thread can help those traders who want to balance their trading activity.
There is a stark parallel between an alcoholic and a trader whose account is being demolished by losses. He keeps changing trading tactics, acting
like an alcoholic who tries to solve his problem by switching from hard liquor to beer. A loser denies that he has lost control over his course in the
market.
I find that sometimes I'm unable to pull myself away. I break my trading rules (limit of trades per day), finding it hard to close the terminal.
Have you faced this situation? How did you cope? Or would you have to say anything about this?
Hope this thread can help those traders who want to balance their trading activity.
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