Why we comfortable to scalp profit but let losses run not the other way round?

[slingshotpro]

Is anyone like me?

 

[hfts_james]

comfortable letting losses run??

 

[felixleong]

for most humans I think its like that maybe
cause to realize a loss is twice as pain compared to the joy of a gain

for trading, always good to set auto stop loss, remove out your emotions

 

[Sinkie]

for most humans I think its like that maybe
cause to realize a loss is twice as pain compared to the joy of a gain

for trading, always good to set auto stop loss, remove out your emotions

Maybe also human don't like losses , don't like losing commission to broker, and don't trust their own instinct.

For once I thought this is whakao new thread

 

[linxiaobei]

Like what Felix has wrote. Its more painful to realize a loss, so will tend to be more optimistic about the future and hope that it will rebound back and let u breakeven.

To sinkie, lol same!

 

[slingshotpro]

for most humans I think its like that maybe
cause to realize a loss is twice as pain compared to the joy of a gain

for trading, always good to set auto stop loss, remove out your emotions

Do u use trailing stop loss or normal stop limit for every trades?

 

[coloumbiaGames]

Maybe also human don't like losses , don't like losing commission to broker, and don't trust their own instinct.

For once I thought this is whakao new thread

Sent from GAGT Android App

 

[felixleong]

Do u use trailing stop loss or normal stop limit for every trades?

I nowadays no longer doing any more trading, now only value investing.

However last time when i was working as a trader doing US market, all intra day trades auto will set 2% stop loss ( so that within that market day u wouldn't lose more than 2% for that trade) also since scalping will not hold positions over night (in case gap down 5-10% next day is up lorry liao)

For swing trades (those that can hold as inventory as taking longer time frame) , normally will use trailing stop ( mainly to protect gains)

Cheers

 

[wahkao3]

ello every1
i come here see see look look

 

[alexchia01]

Is anyone like me?

Fear of missing the boat causes them to enter the wrong trade.

Fear of losing money causes them to take profit too early.

Fear of realising their loss causes them to hold too long.

Take Fear out of the equation and you have half the winning formula.

 

[felixleong]

Fear of missing the boat causes them to enter the wrong trade.

Fear of losing money causes them to take profit too early.

Fear of realising their loss causes them to hold too long.

Take Fear out of the equation and you have half the winning formula.

Yeah, to be a successful trader or investor must really know how to control their emotions

 

[peterchan75]

Justin Mamis's 2 books :
1)How to buy
2)When to Sell

Notice the how and when. Hopefully, one can turn buying and selling into a mechanical process.