Hi to all bipolar, schizo-affective & schizophrenia posters. I decided to "out" myself today on another thread. If you, like me are suffering from this disease, you know how difficult it is to trade.
Trading by itself is difficult, & the best trades are when one removes the emotion. Having said that, I find that it is very difficult to trade.
Period.
I find that I constantly override the stops that I have set, when I am thinking irrational and only can think of getting out of the trade. What typically happens to me is that I start to worry about the trade around bed-time. I get so worked up about it overnight, that I exit the trade on the open or close to the open of the next day.
The problem is... that I know I'm being irrational but I am unable to stop myself from excuting the trade.
So the best trades that work for me are immediate % gains. The only problem is that most trades are not profitable the first few days (cause I'm early duh!) so I stop myself out of very profitable trades in the long run.
If you are like me, the problems of trading are compounded. Having read everything I could about Jesse Livermore amazon.com
In the book "Reminiscences of a Stock Operator", a mildly fictionalized JESSE LIVERMORE describes how before buying a stock, he first sells some tens of thousands of shares of that stock to see how the market reacts. If the stock is consumed by the market without an appreciable drop in price, then he will buy with confidence that the market will support him. <thanks VT Message 23517998 )
I believe that he (Jesse Livermore) was Bi-polar (manic-depressive), which allowed him to make some incredible trades with unbelievable foresight.
Unfortunately being Bi-polar also extinguished his incredible life... |
