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Psychology The mental aspect of trading

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Old 08-05-2009, 10:46 PM
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Cool Amateur vs Pro Thinking

A list of differences in the thought process.

Amateur - A loss isn't a loss until I take it.
Pro - It doesn't matter a single trade is loss or profit in a series of trades.

More to come, feel free to add your own.
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Old 08-05-2009, 11:02 PM
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Loss is an integral part in the process of day trading,the experienced one try to limit those and wait for the 2nd trade without any remorse or hang over ,even few continous Loss never transforms his objectivity to subjectivity.

The experienced one Trades Price they never ever Trade Indicators.
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Old 09-05-2009, 01:46 PM
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Amateur - Gets excited by profits, breaks down on losses but does not bother to analyze either the profitable trades or the losing ones.

Pro - Keeps calm, doesn't gets swayed by emotions arising out of good or bad trades, continuously monitors / analyzes and improves.

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Old 09-05-2009, 02:27 PM
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amateur wants to predict, pro knows he can't, so he trades
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Old 09-05-2009, 02:43 PM
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Originally Posted by the tape View Post
amateur wants to predict, pro knows he can't, so he trades

That was really a good one! btw, if you don't mind why did you remove your handsome pic?
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Old 09-05-2009, 02:44 PM
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Amateur - The Trapped

Pro - Perpetrator of Traps.

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Old 09-05-2009, 05:22 PM
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Amateur- tries to beat the market, predict the market and so on.
Pro- only bothered about being spontaneous with the market.
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Old 09-05-2009, 06:35 PM
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Amateur :- Blames the market/unknown for the losses

Pro :-Takes the blame and remedies it.
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Whatever may be said;Whosoever may say ; TO FIND THE TRUTH OF IT IS WISDOM-Thirukural
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Old 09-05-2009, 06:45 PM
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in the market no wealth is created. it is merely transferred. transferred from the armatures to the pros
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Old 09-05-2009, 06:59 PM
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Amateur - This glass is half empty

Pro - This glass is half full

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