[pimind]

I just kicked the power cord and unplugged my UPS. It started beeping and It freaked me out. Anyway it made me think of stupid things we do when we trade. I know many things maybe be common sense but as i received in a email today common sense is dead.

This is intended to be a breather from our trading activities, and we can share some of our stupid mistakes and maybe even laugh at ourselves.

So I'll Start it .

1. Kicked the UPS cord and couldn't figure out what happened.
"Remove UPS and power strip from underneath desk"

[Jene]

Every investment mistakes are because of basic misunderstanding of stock market and by untrue performance expectations. The market moves is totally unpredictable.

[jonbig04]

Originally Posted by Jene »

Every investment mistakes are because of basic misunderstanding of stock market and by untrue performance expectations. The market moves is totally unpredictable.

haha

#2 should be "trying to predict the stock market".

[pimind]

Isn't the basic essence of trading an attempt to predict the stock market or at the very least an attempt to predict the movement of the instrument we are trading?

[Tams]

"Predict" is a loaded word. It can mean different things to different people.

but most likely, when referring to noob traders, is to "forecast" price movement WITHOUT (due) analysis.

seasoned traders prefer to use the term "Anticipate".


;-)

[Head2k]

There is a significant difference between prediction and anticipation. Although English is not my mother tongue and I don't know the definitions of these words as they are written in a dictionary, for trading purposes IMHO prediction means a bias what market will do, while anticipation means awareness and readiness for what market might do.

[rod30]

overanalyze
hoping

[thrunner]

Originally Posted by Head2k »

There is a significant difference between prediction and anticipation. Although English is not my mother tongue and I don't know the definitions of these words as they are written in a dictionary, for trading purposes IMHO prediction means a bias what market will do, while anticipation means awareness and readiness for what market might do.

Prediction is hoping you are right.
Anticipation is knowing you could be wrong.