Quote from: Forsyth Jones on April 04, 2025, 02:34:20 AM

Quote from: Rruchi man on April 03, 2025, 04:43:13 PM

Do you know how many people lack the ability to take a step back when they know the market is volatile? They keep trying to beat the market, forgetting that staying out of the market when the market is volatile to avoid loss is also you winning.

Do you think this ability to take a step back from the market in volatile times is something that is developed or an inborn ability?

I think it all depends on your ambition, which must be controlled. Sometimes staying out of the market when investors are undecided which way to go is the best thing to do and avoids losing money.

Having ambition is good up to a point, but too much ambition can directly influence our trading performance and cause us to lose money. This is something I'm learning little by little, as it's a process that takes time.

Having too much ambition is not a problem. We should never stop ourselves from becoming overambitious, but rather we should train ourselves to exercise self-control while we are ambitious. Ambition without self-control will lead to lessons.

Quote from: Forsyth Jones on April 04, 2025, 02:34:20 AM

It's funny that when I do futures trades on BetFury, I don't get as apprehensive as if I were trading on the exchange, could it be because I'm betting? I'm much more cautious on an exchange, is that the same for you guys?

Psychology, perhaps, is the thought that you are on a gambling platform, and an exchange forces different behaviors. On a gambling platform, it can be considered that you are there to have fun, but while you're in an exchange, there is always this consciousness that you will need to be serious.