Nadia and Mike,
Don't get discouraged. Trading well and systematically is the hardest thing mentally a person can take on. Everything looks so easy in hindsight -- and it becomes easier over time -- but the unknowingness of every move makes this career very difficult on us psychologically. Keep working hard, studying, practicing and the confidence will grow. There will always be times when you want to kick yourself...but don't let those feelings stick with you. Never give up. Choose a few elements and focus on those. Build your skills over time -- master one then add another. Eventually it comes together. I promise you, every single trader has felt as you do! & Nadia, I am totally surprised that you have only started your training 5 months ago! Your skills are far more advanced than the normal trader at that point! Keep moving forward, because you truly have greatness in you.
The market wasn't so easy to trade this week. In hindsight, it looks obvious, but live it was a bit difficult. The stops on cable for straight 4 hour signals were pretty large. Remember, we don't need a trade everyday, and we won't get one from this system. It is the synthesis of our analysis that leads to the entry. & yes, the pair we are watching may or may not be the one that decides to move -- that is part of the trading/learning process. Not sure why we kick ourselves for missing moves -- sometimes it feels worse than chosing a bad trade. Weird psychological BS! Don't kick yourself -- you didn't lose any money and that is a good trading week! (Again, Cable was hard this week -- the stops were pretty big and price action during the candle was up and down -- many stops would have been taken before price moved in the "right" direction.
Sooooo...to make a short post long......
YOU GUYS ARE DOING A GREAT JOB! Keep working hard, and NEVER EVER GIVE UP!!!
Best to you guys/gals,
Pips
Don't get discouraged. Trading well and systematically is the hardest thing mentally a person can take on. Everything looks so easy in hindsight -- and it becomes easier over time -- but the unknowingness of every move makes this career very difficult on us psychologically. Keep working hard, studying, practicing and the confidence will grow. There will always be times when you want to kick yourself...but don't let those feelings stick with you. Never give up. Choose a few elements and focus on those. Build your skills over time -- master one then add another. Eventually it comes together. I promise you, every single trader has felt as you do! & Nadia, I am totally surprised that you have only started your training 5 months ago! Your skills are far more advanced than the normal trader at that point! Keep moving forward, because you truly have greatness in you.
The market wasn't so easy to trade this week. In hindsight, it looks obvious, but live it was a bit difficult. The stops on cable for straight 4 hour signals were pretty large. Remember, we don't need a trade everyday, and we won't get one from this system. It is the synthesis of our analysis that leads to the entry. & yes, the pair we are watching may or may not be the one that decides to move -- that is part of the trading/learning process. Not sure why we kick ourselves for missing moves -- sometimes it feels worse than chosing a bad trade. Weird psychological BS! Don't kick yourself -- you didn't lose any money and that is a good trading week! (Again, Cable was hard this week -- the stops were pretty big and price action during the candle was up and down -- many stops would have been taken before price moved in the "right" direction.
Sooooo...to make a short post long......
YOU GUYS ARE DOING A GREAT JOB! Keep working hard, and NEVER EVER GIVE UP!!!
Best to you guys/gals,
Pips