Why you shouldn't show how much you have made in FX | Forex Factory

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Why you shouldn't show how much you have made in FX

  • #1
  • First Post: Sep 7, 2018 12:55pm Sep 7, 2018 12:55pm
I don't know if it's only Me or anybody else. But every time I show my profits that I made in a short-long term to my friends, my trading results start to drop and then I hit margin call.( It happened four times)

I don't know if its karma or something similar.
My best advice is to never show how much you have made or even talk about it. Just say you're doing great

Share your experience !
I make perfect trades. But terribly manage it
  • #2
  • Sep 7, 2018 1:16pm Sep 7, 2018 1:16pm

seriously, what is the logical connection between showing someone your profits and then getting a margin call as a result?
As Above, So Below
  • #3
  • Sep 7, 2018 1:24pm Sep 7, 2018 1:24pm
Quoting tashkent
seriously, what is the logical connection between showing someone your profits and then getting a margin call as a result?
I don't know. It didn't happen to me only. I've seen in Discord group talking about that. So I thought maybe someone in FF who can relate to this hardly
I make perfect trades. But terribly manage it
  • #4
  • Sep 7, 2018 1:34pm Sep 7, 2018 1:34pm
The only time one shall reveal his trading results is when is negociating with investors. Everything else is just imaturity.
Money moves the market, not an indicator.
  • #5
  • Sep 7, 2018 1:40pm Sep 7, 2018 1:40pm
Quoting ForestX
{quote} I don't know. It didn't happen to me only. I've seen in Discord group talking about that. So I thought maybe someone in FF who can relate to this hardly
then do the opposite if it works: show your friends results after heavy losses or margin call and see what happens.
As Above, So Below
  • #6
  • Sep 7, 2018 1:59pm Sep 7, 2018 1:59pm
Quoting andoseg2
The only time one shall reveal his trading results is when is negociating with investors. Everything else is just imaturity.
I 100% agree on this. I'll keep that in my notebook
I make perfect trades. But terribly manage it
  • #7
  • Sep 7, 2018 2:00pm Sep 7, 2018 2:00pm
Quoting tashkent
{quote} then do the opposite if it works: show your friends results after heavy losses or margin call and see what happens.
Then they would think I lost everything . Atleast my challenge is going great because nobody saw how much I made
I make perfect trades. But terribly manage it
  • #8
  • Sep 7, 2018 2:37pm Sep 7, 2018 2:37pm
The problem is in the question you are asking.

You are not yet at the point were you desire to be.
You are still trying to validate your success in some misdirected form connected to a belief system of validation that you have conquered this particular task.the fact you require this external acceptance of success is in fact a deeper subconscious knowledge of the opposite.
When one reaches that point you will not require external praise
  • #9
  • Sep 7, 2018 2:49pm Sep 7, 2018 2:49pm
I've had something similar happen in the past where after a good run I would start to extrapolate my winnings into the future, based on similar success. Then I would inevitably hit a drawdown.

But I put this down to over-confidence and complacency.

Or in other words, counting my chickens before they had hatched. Never a good idea!
  • #10
  • Sep 8, 2018 9:04am Sep 8, 2018 9:04am
Quoting ForestX
I don't know if it's only Me or anybody else. But every time I show my profits that I made in a short-long term to my friends, my trading results start to drop and then I hit margin call.( It happened four times) I don't know if its karma or something similar. My best advice is to never show how much you have made or even talk about it. Just say you're doing great Share your experience !
in some cultures that's true, when people see someone have something that they don't have they wish if they was in your place, at that point there is bad energy or ray whatever you like to call , that negative energy hit you and effect on you badly, like someone has good health and when someone else start look at him and wish if he was in his place , next day he can wake sickness, some people have that bad energy, and even in some religions there is mention about that thing and warn from that . so if that not making you comfortable just not show it
  • #11
  • Sep 8, 2018 9:32am Sep 8, 2018 9:32am
Psychology. When i played poker in the past and won big, i told it to my friends. It felt good, too good. Then i realised that i make bad decisions because of that feeling. Cant really explain because of my limited english knowledge, but most likely this is what happens to you too.
Necessity knows no law except to conquer
  • #12
  • Sep 8, 2018 10:52am Sep 8, 2018 10:52am
Quoting ForestX
I don't know if it's only Me or anybody else. But every time I show my profits that I made in a short-long term to my friends, my trading results start to drop and then I hit margin call.( It happened four times) I don't know if its karma or something similar. My best advice is to never show how much you have made or even talk about it. Just say you're doing great Share your experience !

what ?
Attached Image
  • #13
  • Sep 8, 2018 1:04pm Sep 8, 2018 1:04pm
Quoting loozers
{quote} what ? {image}
Why?
  • #14
  • Sep 8, 2018 1:53pm Sep 8, 2018 1:53pm
Quoting Emerald2112
{quote} Why?

To quack is to perform an act that displays one's stupidity, over trading, greed, emotions, emotional risk taking, trading for emotional fulfillment etc
  • #15
  • Sep 9, 2018 8:53am Sep 9, 2018 8:53am
Quoting diceman555
The problem is in the question you are asking. You are not yet at the point were you desire to be. You are still trying to validate your success in some misdirected form connected to a belief system of validation that you have conquered this particular task.the fact you require this external acceptance of success is in fact a deeper subconscious knowledge of the opposite. When one reaches that point you will not require external praise
Interesting perspective. I had to read it twice to atleast get an idea what you meant.
I make perfect trades. But terribly manage it
  • #16
  • Sep 9, 2018 8:54am Sep 9, 2018 8:54am
Quoting tradesimply
I've had something similar happen in the past where after a good run I would start to extrapolate my winnings into the future, based on similar success. Then I would inevitably hit a drawdown. But I put this down to over-confidence and complacency. Or in other words, counting my chickens before they had hatched. Never a good idea!
Yeah. I think making BIG expectations is not healthy because you try to push yourself to get bigger in short term.
I make perfect trades. But terribly manage it
  • #17
  • Sep 9, 2018 8:55am Sep 9, 2018 8:55am
Quoting JsCave
{quote} in some cultures that's true, when people see someone have something that they don't have they wish if they were in your place, at that point there is bad energy or ray whatever you like to call , that negative energy hit you and effect on you badly, like someone has good health and when someone else start tos look at him and wish if he was in his place , next day he can wake sickness, some people have that bad energy, and even in some religions there is mention about that thing and warn from that . so if that not making you comfortable...
I agree. This can be part of the process by exposing your "Greatness" by making lots of money and showing to everyone. And then they say that They want to trade like me or atleast get into that.
I make perfect trades. But terribly manage it
  • #18
  • Sep 9, 2018 8:58am Sep 9, 2018 8:58am
Quoting 3ndlessHope
Psychology. When i played poker in the past and won big, i told it to my friends. It felt good, too good. Then i realised that i make bad decisions because of that feeling. Cant really explain because of my limited english knowledge, but most likely this is what happens to you too.
This happened to me too with poker. I've won like 2-3 really deep tournaments but after saying How great I was playing at the table, I started to get the overconfidence and ego boost which is not healthy at all. So I started losing lots of great opportunities and kept losing my confidence till I stop playing poker for some time.
I make perfect trades. But terribly manage it
  • #19
  • Sep 9, 2018 9:00am Sep 9, 2018 9:00am
Quoting loozers
{quote} To quack is to perform an act that displays one's stupidity, over trading, greed, emotions, emotional risk taking, trading for emotional fulfillment etc
I agree with over trading. But I've never put any emotions in trading. I legit cut off these things and Forex do not fulfill my emotions because Trading has to be boring just like any other game like poker,chess and etc. But the process is exciting and keeps me on the track.
I make perfect trades. But terribly manage it
  • #20
  • Sep 9, 2018 11:07am Sep 9, 2018 11:07am
Quoting loozers
{quote} To quack is to perform an act that displays one's stupidity, over trading, greed, emotions, emotional risk taking, trading for emotional fulfillment etc
Good advice and some great indicators you have too thanks
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