NexusFi: Find Your Edge


Home Menu

 





Thinking of giving up... but no.


Discussion in Traders Hideout

Updated
    1. trending_up 1,371 views
    2. thumb_up 4 thanks given
    3. group 2 followers
    1. forum 3 posts
    2. attach_file 0 attachments




Closed Thread
 
Search this Thread

Thinking of giving up... but no.

  #1 (permalink)
 mzelixon 
Tel Aviv, Israel
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninjatrader
Trading: ES, CL
Posts: 66 since Mar 2014
Thanks Given: 61
Thanks Received: 88

Gusy, let me be real with you.
While my profile says intermediate my profits DO NOT.
Or should I say, lack of profits.
So the thing is...
I've been trading for about 2 years now.
I blew $7000 over 3 accounts day trading oil (bad idea in the first place!!!) and now my latest $1k account is gone day trading the micro ES (notice how I say micro, nothing more than 1 lot)

And I don't know.
I feel like I just can't seem to get it right.
Either I don't have a profitable strategy... or I'm lacking in everything else (psychology, risk management, self discipline, emotional discipline etc.)

I've thought of giving up many times. I'm (only?) 28 will be 29 at the end of this month.

And I love trading, I really do. I want to make it my career. But I just feel like a broken record.
Everytime I tell myself "today I will behave, today I won't make stupid trades, today I won't widen my stops)
And it's like, is my mind weak?
Can it even be disciplined?

I know that my biggest issues HAVE to come from inside of my head and it's like a kink I can't seem to fix.

I don't consider myself a dumb guy. I won't brag but I would say I have a head for numbers and that my technical analysis is usually spot on.

But is day trading something that can be learned over time? I mean... maybe some people have intelligence but can't trade. Can't stomach the losses. Can't be patient.

That last one... something I need to work on.

So I just wanna know has anyone here become successful after a few first failures?
Because in my opinion, I DID NOT waste money, sweat, tears, hours of looking at charts, all for nothing.

I refuse to give up. Because I KNOW I have it in my me to make this work I just need to get into the proper mindset once and for all.

Any replies would be appreciated

Started this thread
Thanked by:

Can you help answer these questions
from other members on NexusFi?
How to apply profiles
Traders Hideout
ZombieSqueeze
Platforms and Indicators
MC PL editor upgrade
MultiCharts
Cheap historycal L1 data for stocks
Stocks and ETFs
Trade idea based off three indicators.
Traders Hideout
 
  #2 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,463 since Jun 2009
Thanks Given: 33,239
Thanks Received: 101,661

It's good you are being honest.

You may also wish to read this great thread:



Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal
Thanked by:
  #3 (permalink)
 mzelixon 
Tel Aviv, Israel
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninjatrader
Trading: ES, CL
Posts: 66 since Mar 2014
Thanks Given: 61
Thanks Received: 88


Wow... Big Mike himself haha.
What an honor.
My name is Mike too
But Little Mike in this case.
I'll check it out thank you

Started this thread
  #4 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,463 since Jun 2009
Thanks Given: 33,239
Thanks Received: 101,661

I appreciate you sharing, but to avoid a split topic with that existing big thread, I am going to:

a) Copy your post into the big thread
b) Close this new thread, to avoid a split topic

Please see:



Please continue to post their, and good luck. You are on the right path.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal

Closed Thread



Last Updated on May 7, 2020


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts