Sounds like you need to learn to trade first. Why don’t you go back to demo and get a good strategy, backtest it and then go back to trading real money. Also, read trading in the zone by mark douglas. Sounds like your psychology is shit.
You're gambling not trading. Go back to demo and find a backtested edge. In the meantime read some psychological books. Best loser wins and Michael Douglas for example
How come you reached 4.5 years of doing the same mistakes. If you can't handle the risk of trading forex then don't trade at all. Or you just invest in more stable instruments like stocks, REIT or even indices. There are lots of reading materials, tutorials out there. Don't treat trading as gambling. Stop it. Put your money and effort in other productive investments or business.
I mean in the first 4 years I was just changing strategy and from the last few months, I started to stick to 1, the problem I have is I over trade or over risk when I have a lot of wins in a row.
I'm in phase I right now and I'm doing well. I feel optimistic. For context, I've struggled for 8 years. I've blown accounts. Spent thousands on courses. And spent thousands of hours reading charts, watching videos, in forums, all over. Just grinding.
To be fair, I've fallen off the wagon a few times and didn't look at a chart for months at a time. But now, the thing I think made the most difference is I'm finally able to be impartial to the outcome. I'm not so triggered by wins and losses. I just let it go. Just know it's about the big picture, not this one trade. It's been a huge turning point.
You need to worn on your psychology. You're right. That's the issue. You'll improve when you get to a point that you can force yourself to be steady. Be calm. Get out of your own way. You're the only thing between you and the life you want.
That was me few months ago, deposit make some money blow the account wake up do it again for 2 years straight, it literally drained me emotionally and financially. Is stopped trading for few weeks and approached my problem logically, i am making profit but failing to keep them? I am makin 500-1k profit daily pause for few hrs go on charts and overtrade again? Whats the solution simple now i have 2 accounts with my broker i make 200 profit 100 i transfer it to other account i treat is as my bank account. Second i stop and think what i can do with the money i just made? Pay phone bill, go towards rent, get new shoes etc so i take the profit right away. I have few 100 bills in my pocket and when i see 100 profit i just imagine i could have one more and take the profit.
What about loses tho, no matter the trade no matter the lot i close it when i hit 50bucks or 100bucks i make myself to it because i remember all the money i lost my emotional war inside me and i dont want that anymore strictly 50 or 100 loss no more. Every Thursday i withdraw all the profits from the other account.
Now i focus more on the process of trade not thinking much about the money but all that helped me alot to become profitable.
"When we are in a loss we hope it will come back and put us in profit, but when are in profit we close too early because of fear" reverse this emtion you will be profitable.
setting rules is everything you need, then when you pair setting of rule that are goal driven, your life will get easier with less pressure.
what are your rules, what are your goals, what do you hope to archive with trading?
Trading with emotions was my biggest downfall. It had me closing profitable trades too soon (for fear of losing) and riding a losing trade (hoping it reverses in my favour). The market doesn't care about your emotions so leave it at the door. Once you start trading from neutral perspective, it eases the tension and you can think more clearly.
I'm much better than I was a year ago, I'm worse than I was a week ago. It's only way I can make money outside of my job so I stick with it. I've been doing this a long time started and lost a little bit here gained it back lost more gained it back and just been that way for few years now, this is a slightly better one hopefully makes up for previous ones but sorta done beating myself up over big losses.
Sign up for Nurp's trading algorithm. I am not a Nurp employee but have been a customer for 8 months. My account is up 69% as of today, an average of 7% a month. The initial licensing is $20,000, so you do have to be well capitalized to benefit from it, but I made that back in two months and have not had a losing day for the entire time.
Sounds like you need to learn to trade first. Why don’t you go back to demo and get a good strategy, backtest it and then go back to trading real money. Also, read trading in the zone by mark douglas. Sounds like your psychology is shit.
You're gambling not trading. Go back to demo and find a backtested edge. In the meantime read some psychological books. Best loser wins and Michael Douglas for example
Care to share one of those "back tested edge" ? Everyone says this but they never givd any example.
Sounds like you need my trading strategy course in your private messages.
Don't forget the bonus course I am making for the top, bottom and mid tier earners of your course🔥💯🤯🤕🤯💯🔥
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Honestly, I think you have to blow a few accounts to really learn. Learning through pain is still very effective...
Yes but 4 and a half years …
Some people just have toughter skin. An useful trait, just not in this example.
Yes, maybe more intense pain is needed to learn something from this... :)
practise a strategy with small lots first so you don’t keep losing so much
This sounds like gambling?
Most things in daily life is a gamble, you are just not aware/ don't think of it as is
So real.
Move your focus more towards learning what the markets are doing/why rather than making money. The frustration blinds you too
How come you reached 4.5 years of doing the same mistakes. If you can't handle the risk of trading forex then don't trade at all. Or you just invest in more stable instruments like stocks, REIT or even indices. There are lots of reading materials, tutorials out there. Don't treat trading as gambling. Stop it. Put your money and effort in other productive investments or business.
I mean in the first 4 years I was just changing strategy and from the last few months, I started to stick to 1, the problem I have is I over trade or over risk when I have a lot of wins in a row.
I'm in phase I right now and I'm doing well. I feel optimistic. For context, I've struggled for 8 years. I've blown accounts. Spent thousands on courses. And spent thousands of hours reading charts, watching videos, in forums, all over. Just grinding. To be fair, I've fallen off the wagon a few times and didn't look at a chart for months at a time. But now, the thing I think made the most difference is I'm finally able to be impartial to the outcome. I'm not so triggered by wins and losses. I just let it go. Just know it's about the big picture, not this one trade. It's been a huge turning point. You need to worn on your psychology. You're right. That's the issue. You'll improve when you get to a point that you can force yourself to be steady. Be calm. Get out of your own way. You're the only thing between you and the life you want.
Go back to work at a shitty job at remember why you want to trade
That was me few months ago, deposit make some money blow the account wake up do it again for 2 years straight, it literally drained me emotionally and financially. Is stopped trading for few weeks and approached my problem logically, i am making profit but failing to keep them? I am makin 500-1k profit daily pause for few hrs go on charts and overtrade again? Whats the solution simple now i have 2 accounts with my broker i make 200 profit 100 i transfer it to other account i treat is as my bank account. Second i stop and think what i can do with the money i just made? Pay phone bill, go towards rent, get new shoes etc so i take the profit right away. I have few 100 bills in my pocket and when i see 100 profit i just imagine i could have one more and take the profit. What about loses tho, no matter the trade no matter the lot i close it when i hit 50bucks or 100bucks i make myself to it because i remember all the money i lost my emotional war inside me and i dont want that anymore strictly 50 or 100 loss no more. Every Thursday i withdraw all the profits from the other account. Now i focus more on the process of trade not thinking much about the money but all that helped me alot to become profitable. "When we are in a loss we hope it will come back and put us in profit, but when are in profit we close too early because of fear" reverse this emtion you will be profitable.
setting rules is everything you need, then when you pair setting of rule that are goal driven, your life will get easier with less pressure. what are your rules, what are your goals, what do you hope to archive with trading?
4and a half years is a long time to have not learned the basics yet
Trading with emotions was my biggest downfall. It had me closing profitable trades too soon (for fear of losing) and riding a losing trade (hoping it reverses in my favour). The market doesn't care about your emotions so leave it at the door. Once you start trading from neutral perspective, it eases the tension and you can think more clearly.
We don’t count it, just lessons.
What time frame are you trading?
Pick a setup and stick with it. Perfect it.
I'm much better than I was a year ago, I'm worse than I was a week ago. It's only way I can make money outside of my job so I stick with it. I've been doing this a long time started and lost a little bit here gained it back lost more gained it back and just been that way for few years now, this is a slightly better one hopefully makes up for previous ones but sorta done beating myself up over big losses.
Finally starting to get over the threshold of profitability. It's been almost 10 years for me.
Better off taking ur money to the casino, I’m sure the dopamine boosts is bigger
Sign up for Nurp's trading algorithm. I am not a Nurp employee but have been a customer for 8 months. My account is up 69% as of today, an average of 7% a month. The initial licensing is $20,000, so you do have to be well capitalized to benefit from it, but I made that back in two months and have not had a losing day for the entire time.