I've hit a wall

hi has this happened to anyone else i just feel ive learnt all i need to know in forex i have my strategys working profitably now when i look at other peoples threads i think to myself was i really that niave that i couldnt see how easy it was. i guess its not a bad thing for this to happen so whats the next step where do i go from here. any answers thoughts?

regards damien

where do we go from here?

I would be interested to know as well

you sip tea while trading from a penthouse. idly, leading a gaggle of online sheep who bow to your guru status.

or, you get a new hobby and if you are super-lucky it makes you money too.

it's a hard life

you know being idle is really tiresome

teaching is where most go but its not my cup of tea i couldnt teach if my life depended on it. i already have other hobbies i play guitar and bass. and i dont think i could handle the sheep following me around like i was a guru.

regards damien

i think u need to take stuff more positively, instead of hitting a wall, why not think you have overcame a wall? you have leaped over the wall, climbed the wall, smashed through the wall with your bare knuckles, whatever floats your boat...

only because the whole point of when you were naive and read those threds was, obviously, to attempt to become consistently profitable, which if you are now, you should have achieved that goal and have no need to even read such threads...

so your question being what is the next step, well i say it is to increase your self esteem and the rest will follow, whether finding a band to play your guitar/bass in, finding a new hobby, going gym more.. raising a family, opening up a sort of animal hospice for ferrets..

u get the jist here.. it's all internally personal, and that's literally the best advice people who don't actually know u can give

i agree apart from my self confidence i have plenty of confidence i think forex has helped me overcome some of my personal problems learning discipline helped me give up cigarettes and alcohol.grasping my own psychology has helped me in many ways even if i dont realise it. i already have good management due to having a fiancee and 5 kids and 1 on the way got to be good with the cash or they suffer. what i mean is what do people do here when they think they have learnt enough do they usually give back and help the fellow trader or just dissappear into the sunset.

regards damien

no, they then help themselves...giving back to strangers on a forum or whatnot comes secondary

btw, self confidence is vastly different from self esteem, but yeah most people often assume it the same

congrats on the 5th on the way!

thanks its my 6th need to buy a bigger house soon i think lol

regards damien

You state in your profile that you have less than 1 year experience. You will find that some of your strategies may stop working. I assume you are using mt4, learn a programming language and write some optimization programs. This would keep you busy for a while and you pick up some interesting skill.

yes less than 1 year experience well a year in 2 months but time doesnt matter in forex ever heard of the turtles they were taught to trade in 2 weeks it doesnt matter the length of time you have its how who apply yourself in that time that makes the difference. my strategy wont stop working as long as theres a forex market. strategies just dont stop markets never change they go up they go down they go sideways as long as this happens im fine. i hope i didnt sound nasty then i wasnt meaning to be. ive always thought about programming the best i can do with meta editior is change an indicators colour or line style lol.

regards damien

markets do change a lot bro... tons of people got rich using a system one year then went broke the month or year after.. it's a veery common thing

jesus....if you've been so successful in under a year why on earth are you still posting on forums like this on a sunday?! Surely you can find better things to do with your time???

no disrespect but sounds a bit incredible. Saying that the fact that you have so many kids does indicate you have time on your hands.

I certainly see threads where I think 'gee, you gotta a lot to learn' but I doubt very much that anyone has learnt all there is to learn.

If you think you know all there is to know about Forex, might I (politely) suggest to you that you probably don't even fully understand what Forex is.

I mean, there are only two possibilities aren't they? Either your really do know all there is to know, or you don't even understand what it really is and therefore only think you know all you need to know because you don't really understand it. I think the 2nd opinion is far more likely. It's a bit like when you think about the universe or something; the more you learn about it the more you realise how little you know.

well for starters 5 of them are adopted to get them away from a bad situation. i have timeon my hands yes there good kids all but 1 go to school. and the little one is no trouble. i trade the 1hr charts and only need to check the charts evry hour or when i here an alarm. so i have plenty of time to do what i want.what i want to know is what other people have done when they think they have learnt enough do they hang around and keep refreshing the knowledge do they teach or what?

as long as there is supply and demand in the market my strategy will work if they dont exist we dont have a market to trade do we.


regards damien

i never said i learnt all there is to know in forex i said ive learnt all I need to know in forex i have enough knowledge to be profitable. i never said i was the einstein of forex. i dont think i am that would be very vain of me.

regards damien

and im posting on a sunday night because my fiancee is working on her laptop the kids are in bed and theres nothing but crap on t.v. and i dont go out drinking or clubbing because its a waste of energy dealing with drunken idiots wanting to fight all the time. and because the kids are in bed means i cant play guitar or bass so im here.

regards damien

Well, I won't attack you like these others just to boost my self esteem. Now that you've reached this point, change your focus to something meaningful. Focus on making enough money to pay for 24 years of college (6x4). Focus on making enough money to build a state-of-the-art recording studio, and if it isn't in your home you can rent it out when you're not using it.

Some people are content to sit on a beach in retirement, and others need to continue to be active. If you don't see yourself in the South Pacific sipping cocktails all day, find a cause to drive you.

Rob

thanks rob ive always wanted my own studio the thing is these days you dont even need a studio a little black box and guitar lead and a guitar plug it into your computer and i 500 dollar program is enough to make a record. still would be nice lol just for bragging rights. retirement at 24 it would be nice but i dont think its gunna happen can only dream i suppose.

regards damien