It passed three years since i started trading and finally i can call myself a trader, i'm not full time i'm not a pro, but i'm making (little) money day after day with my daytrading philosophy and pretty big money with my long term philosophy (notice: philosophy not strategy).
Those 3 years completely changed my life, i can say that i'm awaken after a big sleep (Anthony DeMello words), in the beginning i felt lost, i didn't know anymore who i was, all my certainty collapse like a paper wall. All the icon that i was following blindly now where showing for what they were: "nothing" absolutely hollow. Targets for my life were in order:
1) find a good job (so i could make money)
2) making good money (so i could pay for big villa, luxury cars, have money for myself and my family, school insurance, ecc...)
3) marry child/family
4) dying happy with nephew.
My life story could have been used for an advertisement on TV.
I already was on that road, took a dentist degree, starting to make good bucks, having a beautiful girlfriend (that i'll marry on july ), already bought a nice car and looking out for my dream house.
But then one day i went on yahoo finance opened a demo account bought 1000€ shares (don't remember which company, i think google) just to find out a 60-70% gain three days later, wow great!! i thought why in the hell i'm not doing it everyday?. So i discovered forex, forex factory, many fancy indicator strategy who worked for 1 week and then no more; studied hours and hours after job, i remember going at bed at 5 AM waking up at 8 AM working all day long, did that many many times. But even if my efforts where huge i was consistently.... losing money..
Then one day (again) about a year and a half ago i started to think: let's stop all those BS price doesn't move because support resistance ecc... they move randomly!! so i completely changed my perspective about trading and i started to trade in my way, yes, i don't have a strategy, i don't have a plan, i have 1 rule: Stop Loss that's it. There are days where i feel euphoric so i place my Sl at 30-40 pips and i try to TP at 10-15 pips, other days where i place a 10 SL and i wait 100-200 pips profit, my long term strategy is more or less like this: place a "small SL 100 pips" and wait 2-3 months (i would wait 5-10 years, but i'm not able to do it, i struggle waiting too much).
Said that i don't mean to say that technical analysis is garbage, i mean that it wasn't good for me! i couldn't make money with those fixed rules, now that i'm free i have just one rule: stop loss, stop loss, stop loss again.
The fact is this: i'm conscious about what i'm doing, my mind tells me what to do everyday, so it doesn't take effort trading, it's not stressing.
Ok, let's go back to the question: How did trading change your life?
In my case trading set me free, i broke all the mental chains i had, i stopped to listen to others (my icons; an icon could be also your father or mother) and i started to live my life, doing what i like, i almost stopped to work as a dentist (not at all, i don't have so much money).
I started to follow my dreams, sometimes i pass my days doing absolutely nothing, just reading books and taking long walks in the park with my dog. And you know what? i DON'T FEEL GUILTY, once doing nothing for 3 hours would meant to feel guilty for the rest of the day.
More has to come, (the negative effect trading had in my life) it's very difficult to explain those emotions because they aren't completely clear, even in my mind, sometimes i grasp one of them, i try to write it, but then i realize it is to cloudy to explain it.
I still have a lot to say so stay tuned if you like!!
leave your experience that's the purpose of this log!!
and tell me what you like/dislike, about what i'm saying, i'd like to start a polite debate on the subject, my goal is to learn from you, from your experience while telling mine
Those 3 years completely changed my life, i can say that i'm awaken after a big sleep (Anthony DeMello words), in the beginning i felt lost, i didn't know anymore who i was, all my certainty collapse like a paper wall. All the icon that i was following blindly now where showing for what they were: "nothing" absolutely hollow. Targets for my life were in order:
1) find a good job (so i could make money)
2) making good money (so i could pay for big villa, luxury cars, have money for myself and my family, school insurance, ecc...)
3) marry child/family
4) dying happy with nephew.
My life story could have been used for an advertisement on TV.
I already was on that road, took a dentist degree, starting to make good bucks, having a beautiful girlfriend (that i'll marry on july ), already bought a nice car and looking out for my dream house.
But then one day i went on yahoo finance opened a demo account bought 1000€ shares (don't remember which company, i think google) just to find out a 60-70% gain three days later, wow great!! i thought why in the hell i'm not doing it everyday?. So i discovered forex, forex factory, many fancy indicator strategy who worked for 1 week and then no more; studied hours and hours after job, i remember going at bed at 5 AM waking up at 8 AM working all day long, did that many many times. But even if my efforts where huge i was consistently.... losing money..
Then one day (again) about a year and a half ago i started to think: let's stop all those BS price doesn't move because support resistance ecc... they move randomly!! so i completely changed my perspective about trading and i started to trade in my way, yes, i don't have a strategy, i don't have a plan, i have 1 rule: Stop Loss that's it. There are days where i feel euphoric so i place my Sl at 30-40 pips and i try to TP at 10-15 pips, other days where i place a 10 SL and i wait 100-200 pips profit, my long term strategy is more or less like this: place a "small SL 100 pips" and wait 2-3 months (i would wait 5-10 years, but i'm not able to do it, i struggle waiting too much).
Said that i don't mean to say that technical analysis is garbage, i mean that it wasn't good for me! i couldn't make money with those fixed rules, now that i'm free i have just one rule: stop loss, stop loss, stop loss again.
The fact is this: i'm conscious about what i'm doing, my mind tells me what to do everyday, so it doesn't take effort trading, it's not stressing.
Ok, let's go back to the question: How did trading change your life?
In my case trading set me free, i broke all the mental chains i had, i stopped to listen to others (my icons; an icon could be also your father or mother) and i started to live my life, doing what i like, i almost stopped to work as a dentist (not at all, i don't have so much money).
I started to follow my dreams, sometimes i pass my days doing absolutely nothing, just reading books and taking long walks in the park with my dog. And you know what? i DON'T FEEL GUILTY, once doing nothing for 3 hours would meant to feel guilty for the rest of the day.
More has to come, (the negative effect trading had in my life) it's very difficult to explain those emotions because they aren't completely clear, even in my mind, sometimes i grasp one of them, i try to write it, but then i realize it is to cloudy to explain it.
I still have a lot to say so stay tuned if you like!!
leave your experience that's the purpose of this log!!
and tell me what you like/dislike, about what i'm saying, i'd like to start a polite debate on the subject, my goal is to learn from you, from your experience while telling mine