We're day traders, OF COURSE we're going to... | Humbled Trader Reacts To TikTok Trading Advice
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We're Day Traders, OF COURSE We're Going To... | Humbled Trader Reacts To TikTok Trading Advice
We’re traders. We’re going to have a trade plan and not follow it. As traders, we have days where making a doctor's salary in a day is possible, only to lose it the next day. The peculiar world of trading is filled with such paradoxes and unpredictabilities.
We round down when we lose, and we round up when we win. Many of us say we're going to stop out but don't actually follow through. The sting of losing $ 20 in a hand of blackjack can be more intense than losing $ 20,000 on a trade where, somehow, we feel nothing.
We say we’re not going to trade today, but we’ll secretly check our phones and end up staying depressed all day. We lie to ourselves and others about our losses, always trying to feel good about our earnings until we compare them to someone like Jack Kell.
Long weekends are particularly hard for traders, often bringing a sense of unease and depression. The highs of trading—whether it’s the wins or crafting a good trading plan—never quite match the lows.
I can make $ 100,000 in one trade, like I recently did with Nvidia, and not feel much emotionally. But if I lose $ 10,000 the next day, it feels monumental. That’s one aspect of trading that remains elusive to most: the eventual desensitization to money. Yet, the losses, they still cut deep.
Keywords
- Trade Plan
- Doctor Salary
- Blackjack
- Secretly Check Phone
- Jack Kell
- Long Weekends
- Wins and Losses
- Desensitization
- Emotional Impact
FAQ
Q: What is the main challenge traders face according to the article?
A: The main challenge traders face is dealing with the emotional highs and lows, particularly how losses often feel significantly more impactful than wins.
Q: How do traders often handle their losses?
A: Traders often round down when they lose and tend to lie about their losses both to themselves and others, trying to minimize the emotional impact.
Q: Why do long weekends feel particularly difficult for traders?
A: Long weekends can feel difficult because the absence of trading leads to unease and added depression, making the break from the routine challenging.
Q: What is a peculiar contrast mentioned in the behavior of traders?
A: Traders might feel more upset about losing a small amount in a game like blackjack than they do about losing a significantly larger amount on a trade.
Q: How does desensitization to money impact traders over time?
A: Over time, large earnings can feel less emotionally significant, but the losses continue to feel particularly damaging and hard to cope with.