'To Err is Human', but in trading it regularly occurs that traders will intentionally make calls that create losing trades. Now we aren't talking about losses that come about due to checking out a trading plan or a specific indicator. Nor are we taking a look at straightforward blunders committed only by accident. If our aim is to profit, then why would we do these things that are definitely against what we are right? This phenomenon has many terribly undesirable results that are experienced quite repeatedly in the trading world. Someone's confidence can take a major blow when these conscious mistakes occur on top of the loss of cash. Depending on the dimensions of the blunder, this may wind up in a slightly upsetting cycle that compounds the difficulty and sets the scene for it to occur again. Till the source of the problem is discovered and the trader takes action to address it, the self-sabotaging behavior is likely to happen again. This isn't limited to new traders either. For an example, one such trader ( a real person that we'll call Mark ) of over fifty years had been going thru this month-after-month for over a decade since becoming an individual trader trading from home. Mark has done nearly everything in the futures industry that there is to do. He worked on soybean farms and at the shipping docks loading ships and coordinating loads and orders. Obviously, Mark had tons of experience in trading, apart from nearly 15 years, Mark has been losing money. But why, and why does he keep doing it? Trading is nothing new to Mark. As a broker, he was really successful.
He is's tried pretty much every strategy and system there is. On a standard day, he'd make $600 or lose $800.

When his wife gets home from work ( yes, she's employed at the age of seventy ), he is usually brooding in his lazy boy after kicking himself and calling himself'stupid' or'idiot'. In all these years, he has still to end a year in the black. He is's also worried about how much longer his better half is going to allow him keep on this way.

When asked why he continues to trade this way, and why he does not make use of a system that he knows can make him cash, he simply claims that he doesn't need to because they're uninteresting.

This is true : a well-thought out trade, where you know what you can do before you get in without reference to which way the market moves can be hardly interesting.

However.. When you enter trades without a plan, or if you have departed from your system, the suspense can be especially intense. Why do folks trouble to sit thru flicks instead of going to the end to figure out if the hero victories or fails? Why do loads of people watch baseball games, rather than simply check the scores in the morning? It is the suspense, the thrill of not-knowing the result, that brings the thrill. The moments that are most enjoyed and completely hold our attention are when the ball is in the air and we do not know if it's going to be caught or dropped, when the hero's destiny hangs in the balance. As humans, there's a part in each one of us that craves that excitement. At the conscious level, profits are what everybody wants ( who doesn't? ). Many folks select trading because trading offers the opportunity to realize significant fiscal gain. The genuine risk is that it also offers the thrill that another part of us craves at the subconscious level. Excitement from not-knowing the end result in your trading is where you don't need it.
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