eagle, how much time did you spend on trading (if you break it down into losing years and winning years)?
If he lacks the discipline to follow a plan it hardly matters if that plan is vague or specific. He could have the best plan in the world, but it will not do him any good. To the poster, I wish you the best.
I learned by the hard way. It took me 6 years till to really understand how market works and how my weakness was responsible for my losses. To find strategy (winning method) is easier than to have a supportive behavior for that strategy. When people mentioning an EDGE, for me is something a combination of METHOD and SUPPORTIVE BEHAVIOR (or discipline). AHG method is one of the best, but again we need to have a SUPPORTIVE BEHAVIOR to incorporate with that METHOD to be successful. Strategy without supportive behavior is ineffective.
This guy didn't get caught by surprise. Maybe you should watch him. http://www.youtube.com/watch?v=vv_Wk2eAVIw
eagle, Sometimes I think it's better to learn the hard way. If some mentor tells me a way of trading, I wouldn't trust him 100%. I would think there may be a better way of trading. Later on, I would deviate from the mentor's way and get into a disaster. Now little by little I learned the hard way. Every bit of information was learned through personal experience, paid with hard-earned money. That's solid foundation. I don't regret learning the hard way. You are right, the method part is easy. Market behavior is really simple and it's not difficult to come up with a method. The difficult part is whether we can follow the method. It is this part that has taken me a lot of time. The theory has been there a long time, but it takes time to put the theory and my mistakes together. 6 years? I assume you did it part time. Some full-timers made it within one year.
To the original poster What is the point of this thread? Are you looking for sympathy? That's what girls do Are you hoping others will convince you to stay in trading? Even if they succeed and convince you into staying, you will still fail since the motivation came from others, not from within If you are just venting - no one wants to listen to you. "Laugh and the whole world laughs with you, weep and you weep alone." Since you are quitting, you need close your Elite Trader account, and start on your new journey, whatever it may be Get moving, and man up
Soooooooooooo .. You didn't plan to fail You just failed to plan No, thats not quite right, lets start again .. You didn't fail to plan You just kept right on failing with each plan