If you want to take make fun of you, place your epic fails here, so we can laugh, cry & learn together in a different manner and eventually become zen in the markets.
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- Joined Dec 2008 | Status: Newbie | 16,044 Posts
There is only lesson from Trading mistakes...not Shame....
(coz I regularly make trading mistakes every week....
)
Being interviewed as a successful CEO in a fortune 500 company, he was asked what was the secret to his success.
"Making right decisions" he replied.
He was then asked, "How does one learn to make right decisions?".
He smiled and replied, "by making a lot of bad ones and learning.."
I've been trading for more than two years.....
With this topic, my suggestion is ; Don't shy away from those mistakes.
Turn each mistake into a lesson by scrutinizing what you did wrong and learning from it.
Then don't repeat the mistake again (or, at least try not too )
I know it is not always easy!
This sight was INVALUABLE to a beginner, you join any thread in FF learning something new that will bring you to the next level of understanding.
Wisdom is the act of learning from one's mistakes.
But Genius is the act of learning from others mistakes.
There are dozens of factors that need to go your way before you can make a dime in the forex market.
The odds are against you.
The only thing that will allow you to beat these odds is to learn the mistakes others have made so that you can avoid them.
And of course also make your own mistakes, because these will be the greatest lessons for you.
Once you are comfortable and have a basic system, run a demo.
Once you think you're comfortable playing with real money (and everyone will tell you, no matter how real you've treated your demo, Going Live is ALWAYS much harder),
Fund an account and start trading.
Sincerely, Good Luck.
PAT CHIKO
(coz I regularly make trading mistakes every week....
)Being interviewed as a successful CEO in a fortune 500 company, he was asked what was the secret to his success.
"Making right decisions" he replied.
He was then asked, "How does one learn to make right decisions?".
He smiled and replied, "by making a lot of bad ones and learning.."
I've been trading for more than two years.....
With this topic, my suggestion is ; Don't shy away from those mistakes.
Turn each mistake into a lesson by scrutinizing what you did wrong and learning from it.
Then don't repeat the mistake again (or, at least try not too )
I know it is not always easy!
This sight was INVALUABLE to a beginner, you join any thread in FF learning something new that will bring you to the next level of understanding.
Wisdom is the act of learning from one's mistakes.
But Genius is the act of learning from others mistakes.
There are dozens of factors that need to go your way before you can make a dime in the forex market.
The odds are against you.
The only thing that will allow you to beat these odds is to learn the mistakes others have made so that you can avoid them.
And of course also make your own mistakes, because these will be the greatest lessons for you.
Once you are comfortable and have a basic system, run a demo.
Once you think you're comfortable playing with real money (and everyone will tell you, no matter how real you've treated your demo, Going Live is ALWAYS much harder),
Fund an account and start trading.
Sincerely, Good Luck.
PAT CHIKO
I come from the future.
The Path of Least Resistance ~
- Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,653 Posts
My biggest lessons:
The chances not taken hurt the account most.
Unwillingness to lose keeps one inconsistent.
What would have happened if I took all my chances today?
The chances not taken hurt the account most.
Unwillingness to lose keeps one inconsistent.
What would have happened if I took all my chances today?
Let it turn and find your entry.