For me it's all confidence, too take the trades that look wrong, cause they work, the 1's that look right everyone is taking and don't work, I took a 3K hit in 45mins, confidence went and back to taking stupid trades, 2years on, hadn't of lost the confidence I'd likely be quite rich but alas So sticking to I suck LOL
You do not suck. You have the "sticktoitness" to succeed. Just look at Ben&Jerry's "Sure, let's start a new ice cream shop in Vermont, one of the coldest places in the country." It worked. https://en.wikipedia.org/wiki/Ben_&_Jerry's
"Dream Big Work Hard" Ho do you think, is it necessary to work hard to achieve your goals? What about Forex? You really work hard?
Hello Turveyd, I can relate and understand your comment of confidence in trading. You are correct. I recall when I was taking trades with real money, I was certainly not confident in some of my trades and what I was doing. It was like I was just trading in what I believed in on the charts. I didn't understand that I need to build confidence in what I was doing daily. I didn't understand that I needed to be consistent. I understood that I needed a trading plan for every day, but the mistakes, miss trades, rushing to make money all played in a role in me losing money. Overall, I didn't understand me (and how I relate to trading business) and how I can try to make money confidently. I was just telling a friend that there is no college degree to trading. Just because I trade for 4 years, does not mean I will make money soon. After those 4 years, I will gain experience in the general trading business. What I learned with me and my personality is that I need to know that the odds of me making money in trading is in my favor and I need verified money producing evidence of a historical trading system to trade. I learned that I must think of this a business. I do believe for anyone to have a chance at trading, they must trade everyday for about 6 months to a year and gain experience and figure out what makes them comfortable in trading, then build a trading plan around their comfortability. While trading everyday, they must monitor their behavior and keep losses extremely low. Afterall, its a business and cost is everything.
Yep all a bit of a pain!! Start juggling, Work, Kids and other Hobbys and Trading is sadly left with very little time, 2 weeks with barely looking at a chart then 20mins trading then maybe another 2 weeks with no chance, is also a huge issue, just can't get into it and when I do, 2 weeks later got to start all over again
Turveyd... comon buddy! let's think positive. You can do this! You may have to sacrifice something, like maybe hobbies.... for awhile. I am gonna quote Les Brown.. "if one other person in the whole world has done it, then so can I"
Hobbies LOL think Kids ( I'm only a step dad and it's an Ex's kids ) and Work, that's what needs sacrificing. Done it before, I have runs where I'm great then