Dream Big !

SimpleMeLike said:
Hello Turveyd,

You do not suck. I have started to learn to think of trading as a business. If I lose money in trading, it's my responsibility to know why BEFORE opening the store for business again. Especially when it's losses generated outside of my business expectations.
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For me it's all confidence, too take the trades that look wrong, cause they work, the 1's that look right everyone is taking and don't work, I took a 3K hit in 45mins, confidence went and back to taking stupid trades, 2years on, hadn't of lost the confidence I'd likely be quite rich but alas :(

So sticking to I suck LOL
 
Turveyd said:
For me it's all confidence, too take the trades that look wrong, cause they work, the 1's that look right everyone is taking and don't work, I took a 3K hit in 45mins, confidence went and back to taking stupid trades, 2years on, hadn't of lost the confidence I'd likely be quite rich but alas :(

So sticking to I suck LOL
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You do not suck. You have the "sticktoitness" to succeed. Just look at Ben&Jerry's "Sure, let's start a new ice cream shop in Vermont, one of the coldest places in the country." It worked. https://en.wikipedia.org/wiki/Ben_&_Jerry's
 
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Turveyd said:
For me it's all confidence, too take the trades that look wrong, cause they work, the 1's that look right everyone is taking and don't work, I took a 3K hit in 45mins, confidence went and back to taking stupid trades, 2years on, hadn't of lost the confidence I'd likely be quite rich but alas :(

So sticking to I suck LOL
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Hello Turveyd,

I can relate and understand your comment of confidence in trading.

You are correct. I recall when I was taking trades with real money, I was certainly not confident in some of my trades and what I was doing.

It was like I was just trading in what I believed in on the charts. I didn't understand that I need to build confidence in what I was doing daily. I didn't understand that I needed to be consistent. I understood that I needed a trading plan for every day, but the mistakes, miss trades, rushing to make money all played in a role in me losing money.

Overall, I didn't understand me (and how I relate to trading business) and how I can try to make money confidently.

I was just telling a friend that there is no college degree to trading. Just because I trade for 4 years, does not mean I will make money soon. After those 4 years, I will gain experience in the general trading business.

What I learned with me and my personality is that I need to know that the odds of me making money in trading is in my favor and I need verified money producing evidence of a historical trading system to trade. I learned that I must think of this a business.

I do believe for anyone to have a chance at trading, they must trade everyday for about 6 months to a year and gain experience and figure out what makes them comfortable in trading, then build a trading plan around their comfortability. While trading everyday, they must monitor their behavior and keep losses extremely low. Afterall, its a business and cost is everything.
 
SimpleMeLike said:
Hello Turveyd,

I can relate and understand your comment of confidence in trading.

You are correct. I recall when I was taking trades with real money, I was certainly not confident in some of my trades and what I was doing.

It was like I was just trading in what I believed in on the charts. I didn't understand that I need to build confidence in what I was doing daily. I didn't understand that I needed to be consistent. I understood that I needed a trading plan for every day, but the mistakes, miss trades, rushing to make money all played in a role in me losing money.

Overall, I didn't understand me (and how I relate to trading business) and how I can try to make money confidently.

I was just telling a friend that there is no college degree to trading. Just because I trade for 4 years, does not mean I will make money soon. After those 4 years, I will gain experience in the general trading business.

What I learned with me and my personality is that I need to know that the odds of me making money in trading is in my favor and I need verified money producing evidence of a historical trading system to trade. I learned that I must think of this a business.

I do believe for anyone to have a chance at trading, they must trade everyday for about 6 months to a year and gain experience and figure out what makes them comfortable in trading, then build a trading plan around their comfortability. While trading everyday, they must monitor their behavior and keep losses extremely low. Afterall, its a business and cost is everything.
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Yep all a bit of a pain!! :(

Start juggling, Work, Kids and other Hobbys and Trading is sadly left with very little time, 2 weeks with barely looking at a chart then 20mins trading then maybe another 2 weeks with no chance, is also a huge issue, just can't get into it and when I do, 2 weeks later got to start all over again :(
 
Turveyd... comon buddy! let's think positive. You can do this! You may have to sacrifice something, like maybe hobbies.... for awhile. I am gonna quote Les Brown.. "if one other person in the whole world has done it, then so can I"
 
Jdesey said:
Turveyd... comon buddy! let's think positive. You can do this! You may have to sacrifice something, like maybe hobbies.... for awhile. I am gonna quote Les Brown.. "if one other person in the whole world has done it, then so can I"
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Hobbies LOL think Kids ( I'm only a step dad and it's an Ex's kids ) and Work, that's what needs sacrificing.

Done it before, I have runs where I'm great then :(
 
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