OK, I Quit. Trading is Too Tough for Me
- Thread starter 4DTrader
- Start date
Does that mean you are still not profitable? Or that you are profitable but haven't recovered the initial losses yet?
If it's the former, how does one afford to stick with it full time for four years in this case?
OK, pistachiu, this is the last straw, I cannot take it anymore. If you cannot make money FULL TIME after 4 YEARS, I don't want to bury my head in the sand and ignore the reality. I declare that I quit officially as of today.
I didn't know quitting is also a process and takes time. It has taken me 2 months (June and July) to quit.
Again, I QUIT.
Finally, I QUIT.
You may post any comments after this, but I will NOT respond, because I QUIT.
i've noticed 9 posts so far,IT manager would have at least thrown up a few solutions in the computer forums,your not broke yet but probably close to it,forex and futures are a certain kind of trader,scalpers mostly,quick reflexes,quick decisions,an IT manager would be a computer geek,no offense,but you need to find a trading style that fits your personality,let's assume you figured ot how to draw trendlines and can read charts prettty well,and that you don't pull the trigger too fast unless your unsure which is most of the time,in computers everything is spelled out,the hipbone is connected to the kneebone...,futures don' work that way,but stocks do,they go up for awhile then down for awhile,not anywhere close the speed of futures so maybe u could look at your charts and see slower patterns ,short option calll sprds or option put sprds when you want to take a bias on a stock.,,now you have a defined risk and a limited profit,your a lot safer and maybe more profitable,forget about what you've lost,it'll ony have a negative effect on your trading,leave only $2000 in your acct and start doing sprds ,take 50 here 200 there and so on ,baby steps,but consistent profits,something you should have figured out by now,if you dont think you can do it ,then your right,if thats the case ,you should quit,take a month off anyway and dont even look at the market,your brain will stay wrapped around your mistakes and maybe you will see something new
Thanks for your advice. I'm on the way to reconsider my trading career. I agree that I used to have a lot of negative thinking when I came across familiar trading signals. My immediate obectives are to 1. tune my frequency to became positive thinker 2. shift to trade smaller contracts
Cheers
To the OP, I recommend that you demo trade for a while and see how it goes instead of outright quitting. The secret to trading is to take out the emotions! The way to do that is with position sizing. For example, I am great at keeping my loses small as long as the lost constitutes no more than 1 to 2% of my account. However, if I had something like 20% or more on the line, I would struggle emotionally to take the cut and all objectivity would go out the window.
Thank fucking God another troll bites the dust for good, we hope!!!
