Side note this post is for traders been in the market for 1 year +
To clear this off the answer is no. (i just wanted your attention here to relief your stress)
I will be talking from my own point of view and experience. Been in the market for 5 years now. 2 years of hell and 3 years of heaven and more to come.
Guys I know you worked 10000x harder, I did that too. I read A LOT!!!!!!!!!!!!!!!!!!!!!!!!!!!!! of books, seminars. And still nothing worked. So I worked my ass off to create my system. it was 10x harder. guys you wont be any more special than me or anyone in this industry we all worked hard!!!!!
So whats the plot here? why havent you been making CONSISTENT money.
Understand this now or 3 years later. Its rules and risk management. many of us understood trading in the very very wrong manner. Big money market we make it by siting thats all. Easy. Honestly.... its not as what we can all tell.
I dont want to keep this long so lets dive to the real solution here. yes you can make money trading. So how?
-Whatever dumb system you have please guys STOP!!!!!!!!!!!!!! trying to find better system then what you have. All you should do is improve through your system. And understand you can never judge your performance because you lost 3 trades. or because you won 3 trades you feel its successful. HEY! trading is not short term business this is long term business if you getting emotional because you lost 3 trades or won 3. You better improve your psychology because this game is 90-95% psychology and rest is strategy.
-Have a dumb EASY system. Then Risk on a % that will make you not be emotional. Either sad or happy. Always think of the down side.. so if I open this trade with X SL I will lose 7% will I feel sad? If yes then dont enter it. I would like to call this the emotional paradox. Where you enter it after a loser or even streak of winners. And bunch of emotions will be formed like a domino. Always always risk what you can lose. dont care about that 1 trade you lost. if you have bad winning % within 50-100 trades then we have some problem we must solve. but because you won 1 or 10 trades that doesnt make you a good trader. we all had that once and still lost all that shit.
anyways... I would like to talk more but since this is my 1st post I would love to hear every ones feedback and I'm down to earth to help anyone in here with their trading Journey.
Best
SomeKidThatTrades
To clear this off the answer is no. (i just wanted your attention here to relief your stress)
I will be talking from my own point of view and experience. Been in the market for 5 years now. 2 years of hell and 3 years of heaven and more to come.
Guys I know you worked 10000x harder, I did that too. I read A LOT!!!!!!!!!!!!!!!!!!!!!!!!!!!!! of books, seminars. And still nothing worked. So I worked my ass off to create my system. it was 10x harder. guys you wont be any more special than me or anyone in this industry we all worked hard!!!!!
So whats the plot here? why havent you been making CONSISTENT money.
Understand this now or 3 years later. Its rules and risk management. many of us understood trading in the very very wrong manner. Big money market we make it by siting thats all. Easy. Honestly.... its not as what we can all tell.
I dont want to keep this long so lets dive to the real solution here. yes you can make money trading. So how?
-Whatever dumb system you have please guys STOP!!!!!!!!!!!!!! trying to find better system then what you have. All you should do is improve through your system. And understand you can never judge your performance because you lost 3 trades. or because you won 3 trades you feel its successful. HEY! trading is not short term business this is long term business if you getting emotional because you lost 3 trades or won 3. You better improve your psychology because this game is 90-95% psychology and rest is strategy.
-Have a dumb EASY system. Then Risk on a % that will make you not be emotional. Either sad or happy. Always think of the down side.. so if I open this trade with X SL I will lose 7% will I feel sad? If yes then dont enter it. I would like to call this the emotional paradox. Where you enter it after a loser or even streak of winners. And bunch of emotions will be formed like a domino. Always always risk what you can lose. dont care about that 1 trade you lost. if you have bad winning % within 50-100 trades then we have some problem we must solve. but because you won 1 or 10 trades that doesnt make you a good trader. we all had that once and still lost all that shit.
anyways... I would like to talk more but since this is my 1st post I would love to hear every ones feedback and I'm down to earth to help anyone in here with their trading Journey.
Best
SomeKidThatTrades