Getting out of your comfort zone | Forex Factory

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Getting out of your comfort zone

  • #1
  • First Post: Oct 24, 2018 7:53pm Oct 24, 2018 7:53pm
If you want to improve at something you need to get out of your comfort zone.
-Daequan

I read something today that I agree with, but I'm not sure how a trader would do this. After all, usually, leaving your comfort zone is a sign that you've screwed up, bad.

So how do you improve at trading instead of just subsisting on steady, safe, predictable returns?
  • #2
  • Oct 24, 2018 8:05pm Oct 24, 2018 8:05pm
Quoting clemmo17
If you want to improve at something you need to get out of your comfort zone. -Daequan I read something today that I agree with, but I'm not sure how a trader would do this. After all, usually, leaving your comfort zone is a sign that you've screwed up, bad. So how do you improve at trading instead of just subsisting on steady, safe, predictable returns?
What's wrong with "steady, safe, predictable returns"?
  • #3
  • Oct 25, 2018 2:51am Oct 25, 2018 2:51am
Quoting Winston Reed
{quote} What's wrong with "steady, safe, predictable returns"?
That's exactly what I was going to say!

If it's excitement you're after, you could always find it outside of trading e.g. steady, safe, predictable returns which pay for your skydiving at the weekends!
  • #4
  • Oct 25, 2018 2:02pm Oct 25, 2018 2:02pm
what if what I am trying to improve at is being comfortable?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #5
  • Oct 25, 2018 9:36pm Oct 25, 2018 9:36pm
Yeah, nothing is wrong with it, and I don't disagree with everything posted so far. It's just that improving at something usually involves some form of pushing the envelope. So what is it for traders? Trading bigger accounts? Becoming an IB? God forbid, coaching?
  • #6
  • Oct 26, 2018 12:18am Oct 26, 2018 12:18am
Trading Forex IS my attempt to get out of my comfort zone.
  • #7
  • Oct 26, 2018 2:55am Oct 26, 2018 2:55am
Quoting OutThere
Trading Forex IS my attempt to get out of my comfort zone.
same here. trading is so exciting. plus to gain more you have to get out of your comfort zone, take some risks.
  • #8
  • Oct 26, 2018 3:32am Oct 26, 2018 3:32am
Quoting clemmo17
Yeah, nothing is wrong with it, and I don't disagree with everything posted so far. It's just that improving at something usually involves some form of pushing the envelope. So what is it for traders? Trading bigger accounts? Becoming an IB? God forbid, coaching?
True. Trading bigger can push at the edge of comfort. Some traders have a psychological ceiling of what they are prepared to risk. I don't mean %, I mean dollar amount. So, as their account grows they are unable to trade bigger. It's interesting to read how some have overcome that challenge though, to get used to the bigger amounts.

Another challenge some traders give themselves is to trade other peoples' money. Never fancied it myself.

Personally, although I love trading, I keep it very very boring and try to keep life interesting outside of trading. I understand your original question though, it's a constant balance between trying to keep trading interesting and getting too involved. I've had a love/hate relationship with social media for the very same reason.
  • #9
  • Last Post: Oct 30, 2018 2:38am Oct 30, 2018 2:38am
I agree OutThere. Moreover, comfort zone is clearly part of emotions. We must be out of it. Being emotionless require proper confident with A-Z planning (including backup plan) when one is trying to open bigger account. Coaching with passion is very good part (but time consuming), it's a way to help discover the deep roots of trading but I'm not in for that.
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