hope this helps: 1) met a guy today, his life could be better, lives out of a Motel 6 or 8 or something, and in return for managing the place, they look after him So what, what stuck in my mind was that he kept using the word "difficult," So what, well, had he used the words "not so easy," well, things may be different, and for the better for him Conclusion: the brain does not recognize the word "not," therefore had he used the words "not so easy," then life would be a peach Conclusion: using positive words results in positive outcomes, knowing full-well that the brain does not recognize the word "not" Conclusion: use the present tense, instead of saying this trade "will" work, say this trade "is" working and I am in profit, or "has" worked and I have made loads of money (notice: only commas used above)
Well. I found positive thinking won't help in trading most of the time...facing reality is more important ( at least to me) so that I won't give myself any false hope when I execute my exit stratgey...
Yeah. If it manifests itself as "I need to win", one could spend a lot of time hanging on to losers. A competitive personality needs to be tempered correctly for success.
I understand what you are saying about a possible manifestation, but I believe that is a totally different character flaw not derived from competitiveness. When you are competitive you have the drive to develop whatever skills are necessary to be able to compete at a level of your choosing. There is a big difference in NEEDING to win as opposed to having the drive to learn HOW to win. A competitor enjoys the FUN of the competition as much as the potential outcome. Let's face it. If you are not intelligent enough to know that your WILL NOT win at everything all of the time you might as well jump off a bridge now, because you life is going to be one disappointment after another.
I understand what you are saying about a possible manifestation, but I believe that is a totally different character flaw not derived from competitiveness. When you are competitive you have the drive to develop whatever skills are necessary to be able to compete at a level of your choosing. There is a big difference in NEEDING to win as opposed to having the drive to learn HOW to win. A competitor enjoys the FUN of the competition as much as the potential outcome. Let's face it. If you are not intelligent enough to know that you WILL NOT win at everything all of the time you might as well jump off a bridge now, because your life is going to be one disappointment after another.
Have a look here, http://www.elitetrader.com/vb/showthread.php?s=&threadid=126368. Many books & advices are mentioned here. Try to learn something of trading by paper trading (without actual currency) & then when confident switch to real money. Do part time trading as you have two incomes from trading & job.
hi 4dtrader Trading becomes much easier now, however it is so much important to have a trading plan. And this plan has to be changeable because the market activity is not stable. However it is important to trade firstly on your practice account on your platform, this practice account helps you to trade and to make mistakes as you like without losing real money. And then you will be qualified to start trading on live accounts wish you best of luck
Fact is, market attracts the EXACT people who are most ill suited for the job. if you loive market and trading YOU WILL lose--loving marekt means you cant see edge or are blinded delusion thinking you have edge when in fact you dont. bad combination
I think that you shouldn't give up that easy , you should fight for it till the end .. i got a suggestion ,, may u could try the money manager , it will help you alot because it is managing your funds and helping making you profits and from him you can collect your trading experience and then you may try managing funds yourself ,,so u will learn alot from it ....... then you'll be free after that ( i mean after getting an experience to re-arrange your plan to put it on the right track.-