Frustrated learning and losing

Discussion in 'Professional Trading' started by Sure Chap, Sep 13, 2016.

  1. 931

    931

    For learning closest/fast way could be historical market playback.
    But its hard to get news and other relevant info that occured in past.
    One good platfrom that allows playback is ninjatrader .
    I have even made own opengl program that loads data and plays it, trades can be executed like in videogames with arrow keys.
     
    #41     Sep 20, 2016
  2. So far I am never use ninjatrader platform and still using metatrader 4 platform and still comfortable using this platform because my broker also using this platform, which user also can use ea or robot for automatic trading
     
    #42     Sep 21, 2016
  3. We all got burnt over and over again for so many times that we finally realized how critical it's to put risk management stuff above profits and anything else. Talking about getting frustrated, I got depressed for so many times (I was even thinking of suicide sometime) because I went bankruptcy once years ago when my accounts got blown out few times over years of trading. My ex-gf left me and my circles of friends disappeared gradually. It took few more years with many sleepless nights for me to keep mastering my knowledge and skills to get to where I'm right now. At the present, I finally paid off for my house last year with incomes generated from trading and yet, I can afford to support my spouse financially so she doesn't need to work anymore.

    In a nutshell, here is what I think:

    No matter how stressful or a painful long road to walk through, successful traders are the ones who keep mastering their skills and techniques to build trading systems that they keep making consistent profits and knowing when and where to cut loss immediately.

    Losers are the ones who quit during the process of learning and trading.

    Others will begin to seek mentors or educators to help them out, but at the end, these traders still need to figure out their own trading systems so they can trade successfully. Otherwise, they will get burnt again and again because they have no clue of what they are doing.
     
    #43     Sep 21, 2016
    Apophenia likes this.
  4. Handle123

    Handle123

    Excellent Post.

    I have always looked at failures as Opportunities to try again a different way, many many many months, only way I can totally fail is stopping and never come back to something I truly want to accomplish. And I often see people who been trying long time quit when if they redid a few things are closer than they think. Study your profitable trades, why are they profitable, what happens to them 90% of the time that they are profitable whereas losing trades are not?

    Good luck to you. We all been down the long road.
     
    #44     Sep 21, 2016
  5. Might in forex trading I am still in lucky, although many times get failure but never losing huge money from my own pocket because still like trade using bonus no deposit, which certain forum also giving bonus for posting and with active I can start learn trading with small bonus frustrated occur because we expect more in business and can't accept risk that occur
     
    #45     Sep 22, 2016
  6. 931

    931

    Those bonus systems are usually poor marketing strategies of the brokers.
    Somewhere in small text written how hard if not impossible it is to fill the requirements.
     
    #46     Sep 22, 2016
  7. Yes indeed some broker offer bonus but also has certain rules regarding with bonus, but also there are certain broker that offer bonus but easy rules to withdraw profit bonus although on certain condition might profit canceled because as company also won't get bankrupt
     
    #47     Sep 23, 2016