Those were very tough conditions to deal with. Your persistence is admirable.
This trading endeavor which I have been involved with for over 6 years has extracted a heavy price for me as well. I almost threw in the towel several times also. I'm happy I didn't, since learning to adhere to a system and follow rules implicitly has carried over to many other facets of my life. The psychological self discovery has been quite enlightening as well.
Failure is not an option
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I have been reading through some past journal posts and quoting here, with the reason being to do just what you are asking. I could just say, "go read it..." but there is a lot of crap in there too.
I would pick a topic, and dwell on it for a day or a week. Ask myself all kinds of questions about it, try to see it in a different way than I had before. I never let the issue rest until I thought I had moved forward, at least a little. Read the one about the cemetery bike ride and "fear". That post may not seem like that is what I was addressing, but that was the topic of the day that generated that journal post. And out of contemplating why I had fear in my trading, I got a lot of other answers.
The other one I posted recently about meditation, was more how I was so intensely focused on my study. It was truly my religion. And on that note, the biggest shift had to do with "faith", which grew into "knowing", which grew into confidence.
And above all, what I lacked last year was confidence. Not trading skills so much, mental skills.
Last edited by GaryD; August 29th, 2013 at 03:19 PM.
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There was somewhat of a pivotal moment, but too much for right now. Sometime when I am not ready to get outside like I am right now. One more day and my month is complete, and I am running about 90% winning days so far. Two down, whatever that is. Will post a summary when it is over.
Zero losing days when I call trades, either on skype, on chat, in another group... I have discovered that I trade better when I am trying to explain to someone else, and that I tend to still play around some when I am not doing that.
A great example was today. I took a trade, got hit, then called someone on Skype to go over the mentor stuff. The reason I did not make the call before, on the initial trade, was I did not think it was a "great" trade. But after I got hit, I had a better feel by then, and then we nearly nailed the trades while the call was going on.
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Whatever the intent may have been behind these posts, however light or funny or etc, this is unacceptable behavior to me. Find another way that doesn't trigger multiple reported posts in my inbox next time.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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