Billicare trade journey: from 5K to 250K

[Billicare]

I say to myself like this: “I only _move_ as a trader when I earn more and more stable. When I lose, I am a gambler, not a trader.”

I do not like to give advice, but sometimes everything is so obvious from the outside. Your problem is not in capital, but in another. I think you need to put in your (exactly yours!) account $ 300 and trade MNQ for forty days so that in 40 days there would be no less.

Good advice, thank you, i watched your journal, awesome growing, congrats!

 

[Evgeniy]

Good advice, thank you, i watched your journal, awesome growing, congrats!

So far this is a theory.

 

[gkishot]

Yes, sure, otherwise I could not afford to trade.

You seem to be gambling away your hard earned money. Invest not trade.

 

[Billicare]

You seem to be gambling away your hard earned money. Invest not trade.

Thank you for your advice!

 

[Zodiac4u]

I say to myself like this: “I only _move_ as a trader when I earn more and more stable. When I lose, I am a gambler, not a trader.”

I do not like to give advice, but sometimes everything is so obvious from the outside. Your problem is not in capital, but in another. I think you need to put in your (exactly yours!) account $ 300 and trade MNQ for forty days so that in 40 days there would be no less.

but sometimes everything is so obvious from the outside. Your problem is not in capital, but in another

You hit the psychology nail on the head.

 

[Billicare]

but sometimes everything is so obvious from the outside. Your problem is not in capital, but in another

You hit the psychology nail on the head.

That's right, psychology is my problem, emotions do not allow to make the right decisions.

 

[Zodiac4u]

Thank you for your advice!

lets not kid ourselves this game is gambling, but its all about approaching probabilities correctly. When you risk money, fake or real you risk small. When you lose consistently you need to stop, step back and review your entries and start questioning your reasons for entering at those locations. Is it perception (psychology)or is it knowledge or is it both?

Markets will find your weakness, you have to look in word to find the answer.

 

[Billicare]

lets not kid ourselves this game is gambling, but its all about approaching probabilities correctly. When you risk money, fake or real you risk small. When you lose consistently you need to stop, step back and review your entries and start questioning your reasons for entering at those locations. Is it perception (psychology)or is it knowledge or is it both?

Markets will find your weakness, you have to look in word to find the answer.

I constantly analyze my trades and I know exactly what my problem is:
FOMO, Wrong M/M, Big risks

 

[Zodiac4u]

That's right, psychology is my problem, emotions do not allow to make the right decisions.

You have the same problem i had when i started out. (This just requires the correct amount of coaching).
Many years back i had a joint account with an Israeli friend and he would say things that i just couldn't wrap my head around and to this day they make my head spin when i think back. The timing of his suggestions was right on, it was the emotions that kept me from acting on his logic.

 

[Zodiac4u]

I constantly analyze my trades and I know exactly what my problem is:
FOMO, Wrong M/M, Big risks

You may be doing just that but its hard to say? only because peoples ego's gets in there way. Knowledge and perception is key. If you have the right balance of those two than you got the right stuff.