Were you like me when I wasn't profitable for years, but crazy enough to stick with it because I knew I'd eventually get it?
I’ve been trading about the same time, started in 2005/2006. I was also crazy in believing that one day I’ll get it. Only when I began to be really honest with myself and began to focus on what others call “psychobabble”, I began to get it and make money.
You really cannot leave any stone unturned if you want to reach your full potential. Ignore those who poopoo psychobabble, they’re usually immature, attention seeking posers.
You don’t need to post answers on public forum to the questions below, but just answer them to yourself:
Are you planning your trades properly? Seems to me that you could benefit from being more organized and focused. (Used to be my weakness. If trading intraday, you need to make fast and effective decisions without being impulsive).
Do you have a framework for your analysis?
Do you have a discipline problem?
Are you too distracted, or overtrading and taking crappy trades or did you have proper setups and donn’t pull the trigger? (I used to overtrade)
Imagine that you’re a head trader of a prop firm, and you need to hire a trader, and the traders that applying for the job don’t have any track record. Write down the top qualities you would want to see in those traders if you can’t see their track record?
Then grade/score yourself (from 0-10) on those qualities you’d like to see in those traders working for you. And then ask yourself: “Would you hire yourself?”
The above exercise should you some insight (from a different perspective) on what you need to work on.
