{quote} I think you have it in you to become a great trader. But don't let it get to your head! What I think sets you apart from a number of other traders on FF is you fearlessly follow through with your convictions. Thus, you appear to have the psychological aspect of trading under control, which is a huge advantage.
They mean a lot Well, i am not actually that egoistic, i just love to trigger these fakers
I can say that i am confident but i am not a narcissist actually My psychologic control comes from studying the possible 2-3 scenarios before the high impact news come out. So my moves are generally calculated. I am not hoping and praying. I generally have plan b,c and even d beforehand. So i keep calm, if one of my plans fail i move on to the another.
I value being objective. Subjectivity will never give us anything. I value being a realist rather than being an optimist or pessimist.
I love reading about history btw. I study the biggest winners and losers in the world history in my free time. I try to read about them, watch documentaries and series about them. I finished The Last Czars few weeks ago and now i am watching Versailles for example. The point is studying these historical figures' mindset. And losers in the history are generally subjective and too optimistic, those who think wishfully. On the other hand, winners in history are generally realistic, questioning, objective people. They know the art of thinking. They realise their weaknesses.
Sorry, these may seem a bit off-topic but these are the things that contributes a lot to my psychology.
This week i have made some mistakes, even though i am in 100 pips profit right now. I have seen minus 400 pips. Why? I made a simple psychologic mistake. Which is fearing of missing an opportunity.
I was expecting a hawkish FED and FED exactly did that and USD started to appreciate in the first minutes and i was scared of losing that opportunity. So i sold EU, AU but suddenly it moved against me. I was in so much hurry and market punished me for being too impatient. FED's hawkishness was expected, that's why USD made a pullback despite the hawkish FED. That actually came to my mind but fearing of missing the opportunity was the stronger thought in my head, which caused me to sit in minus 300-400 pips for two days. I didn't take the losses and go, because i knew EU and AU was going to go down, i was right but i got the timing wrong.
This was a good lesson for me to learn. Yeah it was stressful, but this precious lesson is worth it.
You have to have an IQ higher than 90 to interact with this user.
