Very well said. You should watch the youtube presentation by Madan on psychology. He has covered nicely what you have said below and also more points on psychology.
few years before, I use to be part of skype rooms and share/discuss trades, share trading logics etc. You share how much ever knowledge, 95% of them are going to come back to year after year with same questions. One can argue I am happy if that 5% learns from me (Thats how we also learnt right?). Yes I agree, for that we can just keep sharing knowledge (not the live trades) on such forums and not expect much back or manage whatever comes back. like what ST is doing in this forum.
And there are so many tipsters in India who has profitable systems. If it is easy to make money from others trades, people can just follow their trades and make money. lol. That won't happen. One drawdown, all those followers will be gone. And many tipsters with non-mechanical systems will be gone with a drawdown. lol.
Very happy to read your post. You are taking the next big step. Not all can handle customers/public easily. We don't have to, if our aim/goal is to make money from trading our account. One more matured trader is born. if you really meant/follow what you said here. Hearty wishes :thumb:
2. Trade plan change in between - Poor discipline
Reason for it, since putting in open forum about possible trades, there is a huge pressure on me which some times turns into negative stress, causing change in trade plan, thus causing loss or opportunity profit loss.
4. Intention is not met
Because Trader is more important than trading and as a trader who fail to control fear and greed, hopes, will continue to loss.