• Home
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • User/Email: Password:
  • 11:02am
Menu
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 11:02am
Sister Sites
  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

$500 to $100,000... The Inspiration Thread 122 replies

Performance and Inspiration 0 replies

My charts refuse to open themselves! Inspiration from successful traders needed 7 replies

A little Inspiration for all of the nearly successfuls.... 9 replies

  • Rookie Talk
  • /
  • Reply to Thread
  • Subscribe

My charts refuse to open themselves! Inspiration from successful traders needed

  • Post #1
  • Quote
  • First Post: Apr 3, 2008 9:08am Apr 3, 2008 9:08am
  •  Dahlia
  • | Joined Feb 2008 | Status: Member | 208 Posts
Okay, so I'm at the typical beginner phase where there are more losses in my trading journal than wins. However, I'm seeing improvements as I've identified strategies that I'm connecting with. I'm developing rules that seem to be increasing my wins vs losses.

Still, there are more losses...

I'm at a stage where each day, I dread opening the charts. I find excuses not to: "Hmmm... There are lots of news expected today... I'm not advanced enough to trade the news yet. Better sit this day out." Or "Hmmmm... I'd better study these patterns some more, to get a better feel for the movements of this pair". Or "I'm not done with the final version of my rules yet."

While all these are legitimate reasons to pause with the trading, there ALWAYS seem to be a reason! I need to just start trading already!!! But... I can't seem to shake this dread...

Can someone out there relate to this? Please tell me that this is normal, especially when you're a newbie? If there are successful traders reading this thread, did you go through this at the beginning too? At what point did it go away? How do you overcome these "gun shy" phases?

Since I'm sure someone will mention it, I've already read "Trading in the Zone". In fact, I probably used reading it as an excuse to not trade at one point...

I feel like this is one of those last milestones I have to pass before I can become successful. I've found some systems that have been proven to work. I just have to get my tush onto that chair, open those charts and start practicing. But the charts won't open themselves!

Pep talk please!

It's true what they say: The strongest enemy is yourself.
Money missed is better than money lost
  • Post #2
  • Quote
  • Apr 3, 2008 9:46am Apr 3, 2008 9:46am
  •  Vensik
  • | Joined Apr 2006 | Status: N2PIPN | 544 Posts
Certainly happens all the time. Best advice I can give you is to take a break. Go rebuild your mental capacity, a positive psycology will get you everywhere in this business.

Go read Trading in the Zone again.
The basis of a democratic state is liberty. ~ Aristotle
  • Post #3
  • Quote
  • Apr 3, 2008 9:57am Apr 3, 2008 9:57am
  •  mrgreen
  • Joined May 2005 | Status: Member | 1,494 Posts
Quoting Dahlia
Disliked

Since I'm sure someone will mention it, I've already read "Trading in the Zone". In fact, I probably used reading it as an excuse to not trade at one point...
Ignored
Though you may have read it you don't have the trading experience (Based on your post) to understand what you read.
Go to Oanda and trade .01 per PIP until u have enough trades to understand that it has nothing to do w/ the money. I'ts the trade.
In trading, there is no bullshit. You either make money or you don't.
  • Post #4
  • Quote
  • Last Post: Edited at 10:12am Apr 3, 2008 10:07am | Edited at 10:12am
  •  parlenk
  • | Joined Mar 2006 | Status: FxMoveDotCom | 658 Posts
It's kinda different from me..Im always find a reason to enter the market..maybe it a man thingy or something? I dont know.To me market is a very good advertiser at the beginning, and im always eating the bait.Yeah learning the hard way it is..nearly cant stand up but somehow im still here after more than 3 years.Im not saying that im success already by posting here (as u ask for the success one suggestion needed) but maybe because i never set a pit stop nor a finish line to my voyage in this business.

shy gun phases..yes im there too but usually it's occurred after a serial of loses that shake my...everything? actually mentality and financially the most right?. at this moment I tend to face my facade moment..cant deal with the reality and always cost me another pain...just remember..the real thing..lesson or money always on the real trade.so what is your intention by doing this business anyway? money or pleasure ? what ever it is..come and get it in the live trade..that's a hard explanation. (sorry)

the soft one...it's just normal.entering something new always bring fear..it's humanity right? human always feel superior when they know nearly everything..but tend to shy-shy and fear when they enter something new and huge.usually i put a very small lot to trade..ur shy maybe a mixture of feeling fear of losing money and feeling shorts of knowledge ? so try to trade from a small lot to get the aura of trade..slowly to serial of trades..then you'll know or realize what you've reading all the time..it's something that u can understand thru a live trade,then slowly getting the experience until u feel just so so in a loss or win.hope t helps..IMO
  • Rookie Talk
  • /
  • My charts refuse to open themselves! Inspiration from successful traders needed
  • Reply to Thread
0 traders viewing now
Top of Page
  • Facebook
  • Twitter
About FF
  • Mission
  • Products
  • User Guide
  • Media Kit
  • Blog
  • Contact
FF Products
  • Forums
  • Trades
  • Calendar
  • News
  • Market
  • Brokers
  • Trade Explorer
FF Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow FF
  • Facebook
  • Twitter

FF Sister Sites:

  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Forex Factory® is a brand of Fair Economy, Inc.

Terms of Service / ©2021