Hi,
I've been trading forex for about six years, but they are about four to be precise, because I took some months in the past to reset my trader psychology after bad trades.
I invested about 10 years of my life in trading. I started in 2003 with stocks. The start was good because in that period everything was going up. Soon after I discovered that trading was not that easy.
I had ups and downs until 2007, when I started to trade forex. In 2008 started to have more ups than downs. I finally discovered what works in the markets, and started to study and trade pure price action.
It's amazing how I can recognize good trades, but my psychology is holding me back.
- Sometimes I take trades to recover from a stop loss
- Sometimes I exit too early
- Sometimes I'm too greedy and don't exit because I want more pips
... and others psychology problems
.. at the end I make money, but I'll never become a real trader if I can't improve my psychology.
I'm starting a journal because I need to keep a diary, and I also need someone who can criticize me.
I trade forex and CFDs on Indexes and some commodities
I printed my psychology rules and I read them every morning and before entering a trade. When I'm in a trade I also read psyhology rules to manage the position at best.
I've been trading forex for about six years, but they are about four to be precise, because I took some months in the past to reset my trader psychology after bad trades.
I invested about 10 years of my life in trading. I started in 2003 with stocks. The start was good because in that period everything was going up. Soon after I discovered that trading was not that easy.
I had ups and downs until 2007, when I started to trade forex. In 2008 started to have more ups than downs. I finally discovered what works in the markets, and started to study and trade pure price action.
It's amazing how I can recognize good trades, but my psychology is holding me back.
- Sometimes I take trades to recover from a stop loss
- Sometimes I exit too early
- Sometimes I'm too greedy and don't exit because I want more pips
... and others psychology problems
.. at the end I make money, but I'll never become a real trader if I can't improve my psychology.
I'm starting a journal because I need to keep a diary, and I also need someone who can criticize me.
I trade forex and CFDs on Indexes and some commodities
I printed my psychology rules and I read them every morning and before entering a trade. When I'm in a trade I also read psyhology rules to manage the position at best.
