Let's be Honest

Trading is hard,,, very hard but in a way, as hard as we make it...

At some point we need to accept that we just dont know for sure and all we can do is take advantage of some sort of justified edge but really..

Does anyone ever feel sorta stupid calling themselves a player in this financial game when all we can do really is look at some chart and make an "educated" guess as to what might happen next... I know I do,,,,,,,,,,,,,,, I want to know something others dont, in fact I NEED to in order to call my self a trader.


I am at a really deflating point right now in my trading.... For months on end I felt like "I had it" but for some reason I look at a chart now and I just dont have a clue. I cant see it like I used to. Its very daunting...

All of a sudden it seems like the market has changed and it feels like a camelion that can just camoflouge itself at any minute. Scary Shit

To have come so far (seemingly) and then to be so far away (seemingly) is not like a kick in the guts its more like a head shot to the balls and then a wrap around the eye lids with a sheet of paper... THEN the salt.

I have been here and there and everywhere in between, or so it seems. So whats really going on here?

I talk to my friends and family about trading and they think Im so knowledgable, stops, the herd the smart money and liquidity but what the fuck do I know really.

FUCK ALL

AT the end of the day I find myslef starting to believe that aside from the pertinent "edge", money management really is the only key for a retail trader. Its just how small a stop your edge can bring you.

...and this thought kills me.

Aside from this I have the constant fear that one day the freakin US government will just pull the pin on retail trading all togeather and there goes 4 - 5 years who knows how many more down the drain.

So thats me in a nutshell

"help Im in a nutshell I cant get out"

The funny thing is I feel like if you gave me $10,000 right now I could turn a profit every week for you but not through some sort of understanding that no one else has of ther market, just through share retail 4 year trader knowledge... This for me isnt enough

I want to feel like I own a business, not like a little retail gambler pissing in the wind... And I just dont.

In all honesty I think if anyone saw how I trade they would be quite surprised and asstonished at the accuracy and potential of my method...

So why is this not enough for me?

Ive been to these places before and its endde up being a fantastic learning experience thats forced me into new territory aand understanding... But this time is different. I simply dont know where to go from this point.

I dont quit. I will never be defeated becasue I will not back down, and perhaps this is what will kill me and life as I know it in the end. Truth is I vowed never to be like this. 10V member of FF getting negative on the new guys who think they just found the grail and walking around in my own self rightousness but here I am.

Gotta love it.

Yours Truely

Me



Boo freakin hoo right?

i will give you $2 for your system

sounds to me like you feel you owe the world something, whereas previously you were only owing yourself profitability. now that you see coin coming in you have satisfied your primary need to be in profit and now need further goals. others in their 'jobs' (slaves) are amongst others and socialize and are giving and receiving. retail traders are like those nerds from the x-files... sitting in our basements being all smarmy and shit. others can never understand us, mostly because we do not understand ourselves and the game we play.

you may be at the point where you might benefit from setting-aside some of your profits and put it towards something charitable or along those lines. maybe spend time volunteering a few hours a day / week or something, then get back to bringing in the dough.

you are in a take-only situation, and it seems to me you simply need to balance that out.

i've got the 2 bux ready, btw!

Take a breather, my friend. Get healthy, food and beverage-wise, and go
jogging to clear your head and infuse your brain with fresh air.

Tomorrow is another day.

Trading is a hard game and mastering candles is a mammoth task. The stuff you read on here isn't even touching on whats involved. If you don't know what each and every candle is saying, it will be difficult, especially during these extremely volatile times. You've got to stick with it and put the work in if its going to work for you.

Al I can wish you is good luck.

gotta say ive thought the same things, I have spent the last 3 years of college trying to learn how to trade, sacrificing my grades somewhat.

All ive got to show for it is a few K in the bank. I throw money around like its nothing, and my friends think im crazy, but in reality i have pocket change to what you would make from a ft job.

Yep, that was honest.

I hear ya loud and clear.

Have you ever heard of "optical illusions"?

There are plenty of these things around.

There are optical illusions and then there are "Cognitive illusions".
Here is an example of a cognitive illusion:

(You can make her spin in any direction by controlling your mind)

Charts are Cognitive illusions. And if you have no way of filtering them, you are like a dog trying to catch its tail. It's an endless pursuit with no hope.

Here is something you might enjoy about cognitive illusions:
(TED:ideas worth spreading)
1. Dan Ariely: Are we in control of our decisions?

In my humble opinion...those times you thought you had clarity was an illusion. Call it luck, for some period of time. An illusion you thought you had control. An illusion that you thought you had it all figured out. I've also been down that road, but of course reality will show you how much is in your bank account.

There is no way of denying it. Believe whatever you like, the truth was that you never had anything right since the beginning. I'm not putting you down. I'm giving you a slap in the face, telling you to wake up. There are a lot of things in trading that people don't see. This is just a humble wake up call.

But then again, according to certain individuals... I'm just plain crazy

We've all had those thoughts..

That's part of the psychology game that requires mastery to become a master trader..

That's part of what makes trading so difficult.

Good luck

Great video, Crucial!

Second that. Eighteen minutes well spent.

CindyXXXX me old mate, I have trust in you. Good that instead of going on a rampage when someone or something hits your nerve, you sit down and think.

So it's a chameleon that changes face any time. Sounds like "random"? Most of the time.

And you say you know f-all. No. You know if it's going your way or it's going against you. It's not chinese math, is it green or is it red.

If it's green for a long time, you may want to take some profits. If it's red for a long time, you might want to take some losses so you don't get margin called.

You have to function without anyone stroking your head and saying well done sonny. Don't just think you can. You have to know you can. Trust yourself.

What are you complaining about? Had 3 losing months? I had 6 this year.
Keep calm and carry on.

Welcome to the jungle, it's gonna bring you to your knees..



So keep that upper lip stiff..



And knock those bad thoughts down, you'll make it in your time..



And don't think you were smart, admit you were lucky as well..

in my opinion a professional gambler person or persons who experienced gambling for many years then he began to forex trading that can survive in forex trading

regard
sumakianlee

To borrow an expression from Crucial Point, the core of the exercise is finding filters that comprehensively sift through the Cognitive Ilusion. This is a purely personal exercise, rather like riding a bike, so it's not something anyone can teach you. There's plenty of pointers along this journey. It's up to you to make them into the story that explains it all, however.

I have been trading for 3 years or therabouts,and I am going to say this for the benefit of 'em newbies.Trading is a game of probability,the smaller the time frame the lower the probability,and the higher the time frame the higher the probability.Trading higher TF's is like viewing a city from a mountain top,while trading lower TF's is like viewing that same city from a valley,now who has a better perspective?you be the judge.Of course you cant win all the time but if you know what you are doing you can maximise your winners. Although market conditions and patterns change but one thing that has not,is not,and will not change is that price will either go up,down or sideways (there's no other way to go). Trading is not a game of luck,so if you've been on a winning streak,and all of a sudden you're losing uncontrolably you've probably just been lucky and now you've run out of luck.

That's a myth, Newbie. And, you posted it in the wrong thread.

Elephants kick up more dust than mice.

I posted the same on my Twitter Account a few days ago. http://twitter.com/#!/JosefHiggins/s...26819353944064

If I'd knew trading forex would be this hard, I would have stayed with equities. I'm invested in forex now.

Some days, profit comes easy but most day I find myself working hard in deciding market direction, entry, and exit. The outcome of a trade is a lot more difficult than one would think, as its the outcome that makes a trader either profitable or a failure.

I've been trading fx knocking on 5 years and things hasn't gotten easier as time past. A huge misconception BTW. Every new trading day is different from the last. Whats worked for me in the past years has not been holding its weight in the current months. Always seem to be adjusting to an always changing market dynamic.

If it weren't for learning Price, I wouldn't be in this game today. I would have been margin out a long time ago. Daily, 4hour, 1 hour, 5 min, charts ... I don't care, time frames does not matter. Its price and an understanding of how price moves, reacts, adjust to the many technical/fundamental market variables. I've had to teach myself, not to look for a 'set up' but instead, jump in when the money starts moving. Set ups are a thing of the past. Todays market moves on reaction and response.

Get your mind around this and focus on it, folks.

Why over-complicate things and trade based upon "premises" that are
nothing more than mind games? Set-ups, patterns, TF's, on and on and on...
All nonsense.

Read Jhig's post over and over and things will start to get better.

Thanks for it! You've said it as clear as can be.

That was one hell of a nice post Jhig.

Thanks.
.

i truly wish i had never considered trading.

i've been hit around by madness too much. i'm going to blow this account, and have fun doing it! after that i fucking give up.

edit : yes this is a rage quit, but it's about as honest as i could be after more hours than i can stand to think of pouring over charts for nothing but loss. fool me once, shame on you... fool me twice... slap me!