This is to all the traders struggling out there.
There are three types of people in this world.
Type 1. A person is told not overtrade, overleverage, and is told to stay disciplined, use money management and follow a plan. This person listens and becomes a profitable trader.
Type 2. This guy is told all the above and he decides he is going to blow a few accounts and learn the hard way and eventually after getting burned he changes his ways and becomes profitable.
Type 3. This guy despite being told continues to loose money and doesn't want to demo or stick to a simple plan and jumps around. Despite all the meaningful information he disregards that and ends his life never being able to trade successfully.
Now think about yourself and which category you are in. The 1st category of people are very few. I personally am in the 2nd category. And I believe most of you are. I've been through all the crap on the internet. I've jumped from system to system and tried to find the holy grail. I'm guessing most are like me. The need to get burned by the fire to realize that I'm not going to put my hand in there again. The people on the third category are there so the other two can make money from them. (I know it sounds harsh but its true.)
Let me tell you one thing. No matter what you read or hear and even If I go on telling you about discipline and money management it won't get through your thick skull. I know it didn't get through mine in the two years I've been struggling.
You will go trading this system and that system and whoring yourself with different systems but will never be satisfied. You are addicted but keep selling yourself out to whatever new system is in the block claiming to make money. And when you're out of money you get withdrawal symptoms and sell more of yourself out. It's a vicious never ending cycle until it bleeds you dry.
Back to the point. No matter how much you read and hear it won't sink in until you want it to. But let me tell you one thing. When it does you will know.
After jumping around I found a simple strategy which I kept coming back to again and again. But I kept looking for the holy grail. The thing is I finally settled down and started trading using that simple strategy.
Why do you think that even students of a specific teacher trade the system differently than who they learnt it from? Its because of individuality. We are individuals and no two people are alike. Give two people the same system and they both will trade differently.
The core point being You will know when you've found your HOLY GRAIL!
You will have a realization that you've been running around and the profitable system you wanted to trade was so simple and why you hadn't thought of it before. I can speak for myself when I say my entire mindset flipped around within a couple months. I realized I didn't need to be in a trade all the time to make money, I didn't need to trade 20 pairs to make money. All I needed to do was to wait for My edge.
I sincerely hope this was helpful for some out there. And the best wishes and I hope you find your edge soon (Your own personal Holy grail).
There are three types of people in this world.
Type 1. A person is told not overtrade, overleverage, and is told to stay disciplined, use money management and follow a plan. This person listens and becomes a profitable trader.
Type 2. This guy is told all the above and he decides he is going to blow a few accounts and learn the hard way and eventually after getting burned he changes his ways and becomes profitable.
Type 3. This guy despite being told continues to loose money and doesn't want to demo or stick to a simple plan and jumps around. Despite all the meaningful information he disregards that and ends his life never being able to trade successfully.
Now think about yourself and which category you are in. The 1st category of people are very few. I personally am in the 2nd category. And I believe most of you are. I've been through all the crap on the internet. I've jumped from system to system and tried to find the holy grail. I'm guessing most are like me. The need to get burned by the fire to realize that I'm not going to put my hand in there again. The people on the third category are there so the other two can make money from them. (I know it sounds harsh but its true.)
Let me tell you one thing. No matter what you read or hear and even If I go on telling you about discipline and money management it won't get through your thick skull. I know it didn't get through mine in the two years I've been struggling.
You will go trading this system and that system and whoring yourself with different systems but will never be satisfied. You are addicted but keep selling yourself out to whatever new system is in the block claiming to make money. And when you're out of money you get withdrawal symptoms and sell more of yourself out. It's a vicious never ending cycle until it bleeds you dry.
Back to the point. No matter how much you read and hear it won't sink in until you want it to. But let me tell you one thing. When it does you will know.
After jumping around I found a simple strategy which I kept coming back to again and again. But I kept looking for the holy grail. The thing is I finally settled down and started trading using that simple strategy.
Why do you think that even students of a specific teacher trade the system differently than who they learnt it from? Its because of individuality. We are individuals and no two people are alike. Give two people the same system and they both will trade differently.
The core point being You will know when you've found your HOLY GRAIL!
You will have a realization that you've been running around and the profitable system you wanted to trade was so simple and why you hadn't thought of it before. I can speak for myself when I say my entire mindset flipped around within a couple months. I realized I didn't need to be in a trade all the time to make money, I didn't need to trade 20 pairs to make money. All I needed to do was to wait for My edge.
I sincerely hope this was helpful for some out there. And the best wishes and I hope you find your edge soon (Your own personal Holy grail).