Do you see trading as fun and games?

ituglobal

Master Trader
Apr 17, 2013
482
23
59
“One thing very good traders have is insight into themselves.” - Chris Tate



FUN AND GAMES

Recently Louise Bedford and I have been doing the Short Term Trading Magic seminars in a few places and it has been sometime since I did any form of presentation on a semi regular basis. As such it has been interesting to observe people as they work through various trading issues.


One of the things I have noted is that people take trading far too seriously and this is reflected in a form of desperation. Desperation is the antithesis of the state of mind you need to be in to trade effectively.


There is no deny that this is a phase everyone enters at some stage in their career but to be successful you need to move beyond this and begin to treat trading as the game that it is. Once I started treating trading as a game then it became so much easier on the soul and my results reflected this. I even have a t-shirt that says that the fewer fucks I give the more I make.


This is not to say that I am reckless but rather that I am in no way wedded to the outcome of any trade. At its core my life will not change if a trade or even a cluster of trades are winners or losers – they are simply not that important. When compared to real life, trading is nowhere near as important as people think it is.


It is often commented that children are better are learning new things than adults who seem set in their ways. I am not so certain that this is a reflection of any great cognitive superiority or plasticity that the young may have but rather a reflection of their willingness to be both wrong and to play. Young children have no ego therefore the mistakes that their play generate have no impact upon their sense of self-worth. As adults we lose this resilience because we believe that it is somehow catastrophic to our self-image if we do make mistakes.


But in trading your mistakes are your own – no one else can see them so you are insulated from the judgment of others. This isolation gives you the freedom to be wrong but the only thing you have to cope with is your own judgment.


Markets are a wonderful universes for exploration and for play. The presence of micro contracts in various instruments and online trading mean that you experiment very cheaply.


The price of admission to the fun park is much lower than it used to be and the number of rides has gone through the roof. It is a shame that more traders don’t view trading as little more than a theme park where you can play to your heart’s content and during the process of playing you learn much more than you would if you were consumed by seriousness and desperation.



Author: Chris Tate


Article reproduced with kind permission of: Tradinggame.com.au



More trading quotes are below:


“To my way of thinking trading is an internal endeavour – there is no external enemy who you can deceive or overpower since markets only exist in the most ephemeral way inside your head. Markets may appear to be physical constructs but they are largely an illusion, trading occurs inside your head where your own perceptions and distortions of reality influence your decision making.” – Chris Tate


“The one thing you shouldn't feel pressured about is trading. If you do feel that way, you probably need to take a step back and reassess. Pressured trade(r)s don't make good trade(r)s.” – Joe Ross


Posted by: Tallinex.com
 
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Michelle Yeoh

Trader
Jul 9, 2017
83
10
9
44
Forex trading is my main way of income! So, there is no way to make fun in my trading session! I like this profession so seriously! Even, I don’t allow in my trading room during making my trading analysis! Basically, Forex trading business is too much serious profession and I am serious too!
 
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Reactions: dotinah

Ary Barroso

Active Trader
Jul 9, 2017
908
70
39
33
I really appreciate your efforts! By the way, I am very serious when I do my analysis & trading! Even, always open my chart after doing 15-20 minutes meditation. So, for me it’s not fun.
 

epicresearch

Trader
Jul 18, 2018
28
2
24
32
Malaysia
yes for experienced trades its fun to analysis tracksheet, prepares live charts, make strategy and indicators in forex.

[URL deleted]
 
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freezfx

Trader
Jan 16, 2017
62
4
19
32
Forex trading is my main way of income! So, there is no way to make fun in my trading session! I like this profession so seriously! Even, I don’t allow in my trading room during making my trading analysis! Basically, Forex trading business is too much serious profession and I am serious too!
Yeah, you too the words out of me and posted it here. Anything that involves gaining or losing money is always serious. Gambling can be a game for those who have money to throw away, but Forex is for serious minded people who want to work and earn.
 

Vudokasa

Trader
Apr 12, 2020
3
1
6
34
It seems to me that something like this can happen to every trader, even if you take trading with great seriousness right away. It's not a big deal or a big deal, the main thing is to decide right away why it happened to you and what you can do so that it wouldn't happen again. In many ways it happens just when you start trading with high dynamics and see a great result. It seems to you that this will always happen and you will always close your trading session with a solid profit. But even if you really managed to get a large profit at once, it does not mean that this will always be the case, of course it is difficult to control yourself. But we are traders and we just have to be strong. Otherwise, we will never see profit...
 

dotinah

Trader
Apr 23, 2020
12
2
9
Forex trading is my main way of income! So, there is no way to make fun in my trading session! I like this profession so seriously! Even, I don’t allow in my trading room during making my trading analysis! Basically, Forex trading business is too much serious profession and I am serious too!
Yeah, you too the words out of me and posted it here. Anything that involves gaining or losing money is always serious. Gambling can be a game for those who have money to throw away, but Forex is for serious minded people who want to work and earn.
Spot on. I dont joke with my hard earned money.
 

Kingston

Trader
Mar 20, 2020
30
3
9
33
“One thing very good traders have is insight into themselves.” - Chris Tate



FUN AND GAMES


Recently Louise Bedford and I have been doing the Short Term Trading Magic seminars in a few places and it has been sometime since I did any form of presentation on a semi regular basis. As such it has been interesting to observe people as they work through various trading issues.


One of the things I have noted is that people take trading far too seriously and this is reflected in a form of desperation. Desperation is the antithesis of the state of mind you need to be in to trade effectively.


There is no deny that this is a phase everyone enters at some stage in their career but to be successful you need to move beyond this and begin to treat trading as the game that it is. Once I started treating trading as a game then it became so much easier on the soul and my results reflected this. I even have a t-shirt that says that the fewer fucks I give the more I make.


This is not to say that I am reckless but rather that I am in no way wedded to the outcome of any trade. At its core my life will not change if a trade or even a cluster of trades are winners or losers – they are simply not that important. When compared to real life, trading is nowhere near as important as people think it is.


It is often commented that children are better are learning new things than adults who seem set in their ways. I am not so certain that this is a reflection of any great cognitive superiority or plasticity that the young may have but rather a reflection of their willingness to be both wrong and to play. Young children have no ego therefore the mistakes that their play generate have no impact upon their sense of self-worth. As adults we lose this resilience because we believe that it is somehow catastrophic to our self-image if we do make mistakes.


But in trading your mistakes are your own – no one else can see them so you are insulated from the judgment of others. This isolation gives you the freedom to be wrong but the only thing you have to cope with is your own judgment.


Markets are a wonderful universes for exploration and for play. The presence of micro contracts in various instruments and online trading mean that you experiment very cheaply.


The price of admission to the fun park is much lower than it used to be and the number of rides has gone through the roof. It is a shame that more traders don’t view trading as little more than a theme park where you can play to your heart’s content and during the process of playing you learn much more than you would if you were consumed by seriousness and desperation.



Author: Chris Tate


Article reproduced with kind permission of: Tradinggame.com.au



More trading quotes are below:


“To my way of thinking trading is an internal endeavour – there is no external enemy who you can deceive or overpower since markets only exist in the most ephemeral way inside your head. Markets may appear to be physical constructs but they are largely an illusion, trading occurs inside your head where your own perceptions and distortions of reality influence your decision making.” – Chris Tate


“The one thing you shouldn't feel pressured about is trading. If you do feel that way, you probably need to take a step back and reassess. Pressured trade(r)s don't make good trade(r)s.” – Joe Ross


Posted by: Tallinex.com
What a great post! Thanks for sharing.
 

CharlesV

Trader
May 18, 2020
5
0
6
37
I don't think it could be taken funny because many people have forex as their main income. I'm agree about trying to keep a clear mind about it, but take it as a game won't be possible for everyone
 

danmm

Newbie
May 18, 2020
5
0
1
32
From my point of view, trading is like a game, a game in which you have to earn money like the child who wants to be a basketball player since childhood, but first he must play and learn and then it becomes his passion and a job, I think trading is about the day to day and have fun and then you'll see.
 

Zeenat shein

Banned
Apr 11, 2020
56
12
24
25
Trader who likes to play Chess may also find forex a good platform as they have to use their tack ticks to get profit from the market.