Billicare trade journey: from 5K to 250K

Discussion in 'Journals' started by Billicare, Jan 3, 2020.

  1. Billicare

    Billicare

    Good advice, thank you, i watched your journal, awesome growing, congrats!
     
    #61     Jan 11, 2020
  2. Evgeniy

    Evgeniy

    So far this is a theory.
     
    #62     Jan 11, 2020
  3. gkishot

    gkishot

    You seem to be gambling away your hard earned money. Invest not trade.
     
    #63     Jan 11, 2020
  4. Billicare

    Billicare

    Thank you for your advice!
     
    #64     Jan 11, 2020
  5. Zodiac4u

    Zodiac4u

    but sometimes everything is so obvious from the outside. Your problem is not in capital, but in another

    You hit the psychology nail on the head.
     
    #65     Jan 11, 2020
  6. Billicare

    Billicare

    That's right, psychology is my problem, emotions do not allow to make the right decisions.
     
    #66     Jan 11, 2020
  7. Zodiac4u

    Zodiac4u

    lets not kid ourselves this game is gambling, but its all about approaching probabilities correctly. When you risk money, fake or real you risk small. When you lose consistently you need to stop, step back and review your entries and start questioning your reasons for entering at those locations. Is it perception (psychology)or is it knowledge or is it both?

    Markets will find your weakness, you have to look in word to find the answer.
     
    #67     Jan 11, 2020
  8. Billicare

    Billicare


    I constantly analyze my trades and I know exactly what my problem is:
    FOMO, Wrong M/M, Big risks
     
    #68     Jan 11, 2020
  9. Zodiac4u

    Zodiac4u

    You have the same problem i had when i started out. (This just requires the correct amount of coaching).
    Many years back i had a joint account with an Israeli friend and he would say things that i just couldn't wrap my head around and to this day they make my head spin when i think back. The timing of his suggestions was right on, it was the emotions that kept me from acting on his logic.
     
    Last edited: Jan 11, 2020
    #69     Jan 11, 2020
  10. Zodiac4u

    Zodiac4u

    You may be doing just that but its hard to say? only because peoples ego's gets in there way. Knowledge and perception is key. If you have the right balance of those two than you got the right stuff.
     
    #70     Jan 11, 2020