interdigital,
Some quotes from good traders. Hope they help you :
"My ability to win a high percentage of the time is because I have a real fear of markets. I have found that the greatest traders are the ones who are most afraid of the markets. My fear of the markets has forced me to hone my timing with great precision. When I am trading properly, it is like a pool player running racks. If my gut feel of market conditions is not right, I donât trade. My timing is a combination of experience and my nervous system. If my nervous system tells me to get out of the position, it is because the market action triggers something in my knowledge and experience that I have seen before." - MARK WEINSTEIN
"I donât lose much on my trades, because I wait for the exact right moment. Most people will not wait for the environment to tip itself off. They will walk into the forest when it is dark, while I wait until it gets light. Although the cheetah is the fastest animal in the world and can catch any animal on the plains, it will wait until it is absolutely sure that it can catch its prey. It will wait for the baby antelope, and not just any baby antelope, but preferably one that is also sick or lame. Only then, when there is no chance it can lose its prey, does it attack. That, to me, is the epitome of professional trading." - MARK WEINSTEIN
And as Anek said many times on the AHG thread, No one is forcing you to trade. The market will be there tomorrow.
Take a look at the AHG thread. Notice how even the BEST students took 4 months or so to "get it" and get consistent. And Anek consistently talks about 4 years to reach his level, no less.
I am a beginner and one lesson that I have learned by burning my fingers is this: You need to know your weaknesses and overcome them. Discipline and the resultant consistency of profitability are not to be found unless this step is crossed.
I'm sure that you are passionate about trading. No need to blow up your account when you can paper trade for years if needed and stay in the game eh?
