What do you do when you grow frustrated?
- Thread starter Klein_0
- Start date
take a break. Re-evaluate what you did wrong. and then ask yourself, if you come back, are you going to follow your plan? if not, just quit trading and find another hobby.
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It's impossible to entirely overcome, since being
frustrated because of less-than-optimal results
is part and parcel of being human.
It's also a part of learning. There's no growth
without the pain of being frustrated going
through the learning process.
It might help to find the root cause of your frustration,
and find methods to help mitigate it's effect on
you so it does not affect your trading.
Sometimes frustration comes from beating yourself
up over making mistakes. Or unrealistic expectations.
Even little things like using a mantra might help.
As an example. "My frustration is like water,
as I'm swimming to another win".
To your trading success.
Expect that to last years if not decades. Spending your entire life attempting to learn to trade forex, then accepting failure is common.
Frustration is part of trading, unfortunately. The best way to handle that is by understanding that Forex is complicated to master. I wouldn't touch it with a stick. You are probably frustrated because your expectations were higher than they should be. You believe you can win at Forex, which is not even close to reality.
Start by looking at your real possibilities of running trades on Forex; then you will not get frustrated when you lose. If you expect a failure you won`t be disappointed when one happens.
Change your play to a much easier market, like swing trading on major stocks. Play on Forex with a demo account until you are profitable for several months, then you will get a good shield against frustrations.
If you get frustrated at this message as well, take a look at your pride, it is all related to that. The older we are the more difficult is to accept failures.
Start by looking at your real possibilities of running trades on Forex; then you will not get frustrated when you lose. If you expect a failure you won`t be disappointed when one happens.
Change your play to a much easier market, like swing trading on major stocks. Play on Forex with a demo account until you are profitable for several months, then you will get a good shield against frustrations.
If you get frustrated at this message as well, take a look at your pride, it is all related to that. The older we are the more difficult is to accept failures.
I write down completed well backtested systems and when not happy with them, into fireplace they go. I don't advise drinking booze, certainly end up at AA. I went for hypnosis to deal with it
Trading, think in terms of larger traders are waiting for you to put on trades based on what you have studied and they going to trip your stops...
Trading, think in terms of larger traders are waiting for you to put on trades based on what you have studied and they going to trip your stops...
..., then let those hot women divorce you, get taken to court, then fuck some dolls, order some dildos, fuck some more women, rinse and repeat. Ken, is that really the advice you want to share with others?
