So, you`ve come to a forum in order to ask for advice about whether it is worth continuing on this path or if you should give up. You are frustrated and tired of having nothing but losses and depression to show for after all your efforts.
That is perfectly understandable and we`ve all been there more than once.
I will neither encourage or discourage you to continue, although I should probably discourage you as the odds are against you. Most of us pursue trading out of the erroneous belief that it is an easy path to wealth, but it does not take long until we are greatly humbled and realize that this is possibly one of the most difficult tasks any human being can undertake on his own.
Why is it so difficult for a neophyte to succeed in this business?
I can think of a multitude of answers here, but leaving the complexity of the market itself aside, one of the biggest challenges for the serious student is that he have pretty much no idea where to start and he is essentially on his own and left to the wolves who will devour him without mercy.
Sure, a google search reveals hundreds of books, courses, mentors, scams and schemes that promise riches with the only purpose being to feed on the naivety of the neophyte and parting him from his money. These guys make a lot of money because every day there are thousands of new losers hopefully entering this business. Perhaps he receives anonymous advice on internet for free that seems very clever and genuine, only to discover it`s a dead end after a long period of study. There is also a myriad of ways to make money in this market, so there is not one right way to do it either per se.
Is it any wonder that a neophyte can spend years going in circles without nothing to show for it but confusion and losses? What is the use of spending thousands of hours studying crap? And even after discovering something that works the amount of study required to achieve success is still tremendous and beyond what most is willing to put in.
What most neophytes lack is a true mentor that have walked this path and actually walk the walk, not just talk the talk. Very few receive access to this as successful traders are rare and those who would like to mentor are even more rare. What`s not rare though, is vendors and educators who wants your money and will not hesitate to tell you lies. I don`t know anything about Sam Seiden, but it sounds like another scam to me.
Anyway, I`m rambling here.
What I can tell you though is that there are people who spent far more than 4 years before figuring it out. Marty Schwartz consistently lost money for 10 years until he got his act together. There are also people who spent far more than 10 years and are still losing, so one needs to remember that as well.
Some things to consider for you.
Do you like your day job? Have you bet everything on trading and abandoned other opportunities in life? Will you pursue another full-time career if trading does not work out?
I think these questions are of essence for your decision.
Either way I will advice you to take a long break from trading and see if you still feel hungry.
If you have a good education and a good job that you like, I do not see any harm in continuing to studying the markets part-time, but have a long-term perspective and realistic expectations.
If however, pursuing trading is done with a large cost and leaving other opportunities behind, I would seriously reconsider it.
Do not risk any more money until you really feel that you understand what the market is telling you and you have developed a method with a proven edge from backtesting and forward testing on a simulator.
Good luck!
