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TFC Commodity Trading Forum

Re: Risk: Our Achilles Heel
In Response To: Risk: Our Achilles Heel ()

I agree. I've always accepted the saying a chain is only as strong as its weakest link. And we all have at least a couple of weak links. Unfortunately many try to overcome their weak links by increasing risk. And that ends up much the same way each time,badly. So even if traders stop trading for the 'rush' and stop trading to 'get rich' or stop trading to 'stroke their ego' or stop trading to 'impress others' they still have many issues to deal with. Especially 'fear of losing' with overcautious tight stops, over confident with no stops, underfunded account as the brokerage and every book out there told them to only risk what you can afford to lose. Most people can't really afford to lose much at all. Including rich people when it comes to trading accounts. So then everyone opens up a small account with tight stops and watches it get stopped out until it's all gone. That's what the experts said to do! And ultimately he biggest problem then with all these elements there is no plan because there can't be a plan with these circomstances. But what the hell do I know for sure............

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Re: Risk: Our Achilles Heel