This is what the traders lack and which results in their failure. Though you might have heard this plenty of time but I think still if you don't get them, you are unable to understand its importance.
I have lost over half of my net worth/life savings trading forex.
- Thread starter boza
- Start date
This is what the traders lack and which results in their failure. Though you might have heard this plenty of time but I think still if you don't get them, you are unable to understand its importance.
Incoherent and Vague
I don't trust computers in that way. They don't have common sense
thanks for the replies, but i was hoping this thread would be about technical analysis strategies and managing emotions when trading, not about me and how much i lost. so let's try to make it be about that. also i get that 1000 doesn't seem like much to people here but that was 4 weeks of my time im not getting back.
You made this thread exactly about what you did not want it to be about (YOU, and how much you lost) because of the title...
"I have lost over half of my net worth/life savings trading forex."
...and the entire body of your first post, going on about losing the money in cocoa, and ending it all with a subdued warning about how risky trading is.
I suggest you start a thread in each of the appropriate forums to address what you wanted this one thread to be about.
..." technical analysis strategies"...
https://www.elitetrader.com/et/forums/technical-analysis.33/
and
https://www.elitetrader.com/et/forums/strategy-development.34/
..."and managing emotions when trading."
https://www.elitetrader.com/et/forums/psychology.35/
You're welcome.
your mindset is in a mess. what kind of reaction did u think a title: I lost half my life savings would get?
if you want advice on managing emotions, technical analysis, title it apropriately. this kinda title builds up sympathy & then an immediate f$5k 055 reaction after reading the facts: u r 18, & the amount is <1k. it comes across as disrespectful of pple who have REALLY lost 1/2 or more of their life savings speculating
I have cut u some slack here seeing u r 18
Around 90% of the traders are losing in the Forex Trading and most of them are losing just because they lack the proper knowledge and skills that they are required to harness. They have developed a mindset that the Forex Trading is as easy as entering and making money instantly, which is proved wrong, when they lose their capital after some time like this trader.
what? Sorry man I just don't get it.
If you can't understand it, it means that you are smarter than the guy who posted it!!
why should i have to lose $50000+ to impress you people?