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  • #36,301
  • May 10, 2024 8:42am May 10, 2024 8:42am
Quoting genuine007
{quote} I understand the power of trading right from the beginning But I never see the risks involved in it when I started it But now I completely understand it in all aspects Yes, I am living completely on my parents now I have zero earning now I am going through the worst time of my life I have been a topper in my academics in school Every other person in my school thinks of me like I would have been working on some good post now, some manager kind of thing in some bank or some company But they are not aware that I have been going through this...

sorry to say , but you sound like you have an addiction for trading.
you need to stop and think about your life deep. you take other in risk to finance this addiction.

you want trade with pressure in mind to pay from this all debts and costs. that's gambling at worst and increase your addiction.

when 90% lose, from rest 90% cant live from trading, from rest only some percent earn really good, how big you calculate your chance you can do it at the moment (live from this and pay back your many debts to friends and parents) with all the pressure you have?
clear your mid, search a job, get stable, think calm.. build it up step by step... talk to people.... but don't run one direction and increase the speed more and more when not bring success.

you don't have to bring money back in trading, you can also accept you changed money against experience. when people with money and people with experience meet in trading they often end by the one with the experience gets the money and the one with the money gets the experience.
  • #36,302
  • Edited 9:54am May 10, 2024 9:29am | Edited 9:54am
Quoting genuine007
{quote} I understand the power of trading right from the beginning But I never see the risks involved in it when I started it But now I completely understand it in all aspects Yes, I am living completely on my parents now I have zero earning now I am going through the worst time of my life I have been a topper in my academics in school Every other person in my school thinks of me like I would have been working on some good post now, some manager kind of thing in some bank or some company But they are not aware that I have been going through this...

boy, you need SERIOUS work on your mental state , the vibrations I get from you …well….

My best advice is to get a job first AND read those 2 books from Mark Douglas 99 times..

https://www.studocu.com/row/document...drive/32025965

http://dl.fxf1.com/files/books/engli...n_the_Zone.pdf


take it from a 67 years old who has traded at a pro level for many years ..
  • #36,303
  • May 10, 2024 9:43am May 10, 2024 9:43am
Quoting Stoneyrocks
{quote} boy, you need SERIOUS work on your mental state , the vibrations I get from you …well…. My best advice is to get a job first AND read those 2 books from Mark Douglas 99 times.. https://www.studocu.com/row/document...drive/32025965 http://dl.fxf1.com/files/books/engli...n_the_Zone.pdf
thanks for sharing these books :
i already have following books

TRADING IN THE ZONE
THE DISCIPLINED TRADER
THE MENTAL GAME OF TRADING
THE COMPOUNDING EFFECT
EXTREME OWNERSHIP
DOPAMINE DETOX
PROP FIRM TRADER SECRETS
  • #36,304
  • May 10, 2024 9:46am May 10, 2024 9:46am
Quoting Trader191
{quote} sorry to say , but you sound like you have an addiction for trading. you need to stop and think about your life deep. you take other in risk to finance this addiction. you want trade with pressure in mind to pay from this all debts and costs. that's gambling at worst and increase your addiction. when 90% lose, from rest 90% cant live from trading, from rest only some percent earn really good, how big you calculate your chance you can do it at the moment (live from this and pay back your many debts to friends and parents) with all the pressure...
"TALK TO PEOPLE"
no, i keep silent all the time in the house
i don't feel talking to people
i am fully cut off with friends, relatives and even with my family
i don't feel like talking to people

i feel good when i write here what's running in my mind
  • #36,305
  • May 10, 2024 9:50am May 10, 2024 9:50am
Quoting genuine007
{quote} thanks for sharing these books : i already have following books TRADING IN THE ZONE THE DISCIPLINED TRADER THE MENTAL GAME OF TRADING THE COMPOUNDING EFFECT EXTREME OWNERSHIP DOPAMINE DETOX PROP FIRM TRADER SECRETS
Try this book pal, quite good. I have a helluva lot more but would be way too much to take in. I dropped a few in my thread you might wanna take a look at



New Cable Thread & Other Pairs
Attached File(s)
File Type: pdf Best_Loser_Wins_Why_Normal_Thinking_Never_Wins_the_Trading_Game.pdf   2.5 MB | 414 downloads
  • #36,306
  • May 10, 2024 10:02am May 10, 2024 10:02am
Quoting genuine007
{quote} "TALK TO PEOPLE" no, i keep silent all the time in the house i don't feel talking to people i am fully cut off with friends, relatives and even with my family i don't feel like talking to people i feel good when i write here what's running in my mind
but that even increase addiction when you only speak to people who do same (even when they are not addicted).
  • #36,307
  • May 10, 2024 10:21am May 10, 2024 10:21am
Alright team i'll be away for a while. Travelling n stuff. see ya guyz later.
Extreme gut feeling trader
  • #36,308
  • May 10, 2024 10:24am May 10, 2024 10:24am
Quoting Stoneyrocks
{quote} boy, you need SERIOUS work on your mental state , the vibrations I get from you …well…. My best advice is to get a job first AND read those 2 books from Mark Douglas 99 times.. https://www.studocu.com/row/document...drive/32025965 http://dl.fxf1.com/files/books/engli...n_the_Zone.pdf take it from a 67 years old who has traded at a pro level for many years ..
Yes sir, your experience is telling you right!
You have understood me, my mental state is not good
I will become normal only after succeeding in trading
That's when I think my mental state will come to normal state
At present, I just keep thinking about trading and ways of becoming profitable
But yes, now I stay very calm and relaxed, now I don't think about finding strategies etc
I just think nowadays of getting some money, winning in some quiz, getting some giveaway because that will increase my chance of winning

I have successfully passed 5k mini account very smoothly
but its 3 days passed (passing day + next day + today)
no live funded account provided to me till now from funding pips side
and may be I have to go out of station for couple of days..
so may be I will not able to trade on live account soon..

Also I will not come here, if I go out of station
I will join here in posts again when I will come back from travelling with my mother
  • #36,309
  • May 10, 2024 10:25am May 10, 2024 10:25am
Quoting T721
{quote} Try this book pal, quite good. I have a helluva lot more but would be way too much to take in. I dropped a few in my thread you might wanna take a look at New Cable Thread & Other Pairs {image}
Best Loser Wins changed everything for me.
A snails pace wins the race :-)
  • #36,310
  • Edited 10:44am May 10, 2024 10:25am | Edited 10:44am
Quoting anthon25
{quote} Day : 10 increasing lot by 0.01 {image}
EA is closed. Increasing lot is aborted, need to keep on low DD (DD has increased from previous week, yet it is still below 1%).

Standby for new week to come
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 77 KB
Click to Enlarge Name: Untitled.png Size: 188 KB
I am completely a lazy Trader & Pennies Rebate Hunter
  • #36,311
  • May 10, 2024 11:12am May 10, 2024 11:12am
Quoting JustPipMe
{quote} Best Loser Wins changed everything for me.
can you elaborate on what exactly made the change ?
  • #36,312
  • May 10, 2024 11:19am May 10, 2024 11:19am
Quoting genuine007
{quote} Yes sir, your experience is telling you right! You have understood me, my mental state is not good I will become normal only after succeeding in trading That's when I think my mental state will come to normal state At present, I just keep thinking about trading and ways of becoming profitable But yes, now I stay very calm and relaxed, now I don't think about finding strategies etc I just think nowadays of getting some money, winning in some quiz, getting some giveaway because that will increase my chance of winning I have successfully passed...
you should not NEED the money from trading to make a living , that puts too much pressure on you , find some STABLE income from which you can live and trading is just some extra until you have become CONSISTENTLY profitable..
  • #36,313
  • May 10, 2024 11:21am May 10, 2024 11:21am
Quoting genuine007
{quote} Yeah, But I can't do anything now. I have to be patient. I am not spending any money except trading. I have become physically very weak, I don't focus on eating. I believe all things will gets correct soon.
I have to admit I admire your honesty.
Pride always comes before destruction.... -Proverbs 16:18
  • #36,314
  • May 10, 2024 11:26am May 10, 2024 11:26am
Quoting procrude
https://tradigro.com/ Another one popped up
Only $1600 for a 100K account?

My 12 year old could make a better website.
Pride always comes before destruction.... -Proverbs 16:18
  • #36,315
  • May 10, 2024 11:57am May 10, 2024 11:57am
Quoting Expo33
{quote} Only $1600 for a 100K account? My 12 year old could make a better website.
It's the new mantra all over twitter: don't chose a cheap prop, they won't have funds to pay you.
  • #36,316
  • May 10, 2024 2:08pm May 10, 2024 2:08pm
I´m also switching from forex props to futures , anyone care to detail how to copy trade with futures platforms
  • #36,317
  • May 10, 2024 3:06pm May 10, 2024 3:06pm
Quoting fesente
I´m also switching from forex props to futures , anyone care to detail how to copy trade with futures platforms
2 popular platforms for copy trading

https://help.quantower.com/quantower...s/copy-trading

https://support.atf.com/hc/en-us/art...e-Trade-Copier


google is your best friend
  • #36,318
  • May 10, 2024 6:22pm May 10, 2024 6:22pm
Quoting Stoneyrocks
{quote} can you elaborate on what exactly made the change ?
Sure, no problem. I'll start by saying deep down I've always known what my problem was but it never truly spear-fished me into the middle of my brain that I need to STOP letting losers run and cutting my winners short.

Similar to the way an alcoholic knows he's drinking himself to death but doesn't manage to stop until he reads about others' experiences in the Big Book of Alcoholics Anonymous.

This is exactly what Tom's book (Best Loser Wins) did for me -- I had to READ that while working at City First or whatever company he was at, Tom personally witnessed tens of thousands of traders losing LITERALLY because they:

1. Constantly add to losing positions
2. Rarely add to winning positions
3. Cut their losing trades way too late
4. Cut their winning trades way too early

I think I read that book last October / November (2023)? Not sure, but now I implement line items 1-3 above, especially #3 -- trading futures with trailing drawdown has made me cut losers IMMEDIATELY. Why do I not list item #4 as one that I'm implementing? Because of the trailing drawdown. I'm not letting TDD get away from me, so I'm still taking profits at the top of a 1 min candle run.

Hope this helps.
A snails pace wins the race :-)
  • #36,319
  • May 11, 2024 2:16am May 11, 2024 2:16am
There are many many many people posting on twitter the last 24 hours about quitting trading.
  • #36,320
  • May 11, 2024 2:23am May 11, 2024 2:23am
Quoting Takisd
There are many many many people posting on twitter the last 24 hours about quitting trading.
How come?
You have an IQ lower than 90 if you interact with this user.
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