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How did trading change your life?

  • #81
  • Feb 1, 2011 6:49am Feb 1, 2011 6:49am
Oh, yes, and if starts to go long again i'm ready to follow
  • #82
  • Feb 1, 2011 7:58am Feb 1, 2011 7:58am
Quoting highlander2
Do people here agree with me that if you can get through the first year and still believe you can succeed, you have a inproved your chances of success?
LOL - it took me two and a half years to get my account unhedged and back to breakeven. It took a lot of determination, patience and luck because I didn't know what I was doing even after two years.

I'm a little wiser now ..... the market still throws curveballs .... I'm just more prepared for it. So, yes, I believe if you can get through your first year, you have an improved chance of success. Nothing can account for time spent in front of the charts.
Nothing worth having is easy.
  • #83
  • Feb 1, 2011 10:00am Feb 1, 2011 10:00am
By not really changing it that much!~................................................................................................................... .................................................................................................... ............. ............................................................ ................................................... .....................................................................................................................................................yet
Time hides Nothing
  • #84
  • Feb 1, 2011 10:38am Feb 1, 2011 10:38am
Quoting CindyXXXX
By not really changing it that much!
LOL. Maybe it was because of posts like this? Check your email. I forgot to say money as well. Determination, patience, luck and a couple of cash injections to sort out the mess that was my account Oh, and guts to get up every morning to face the drawdown - lol! I can laugh now but I couldn't back then ....
Nothing worth having is easy.
  • #85
  • Feb 1, 2011 11:14am Feb 1, 2011 11:14am
Quoting Patience
LOL - it took me two and a half years to get my account unhedged and back to breakeven.
how do you hedge your account? by having a job or what?

how trading changed my life?

- i drink tea, not coffee

- i look at the shoes first, then at the legs, hips, torso, breast, the face at last

- i save receipts like others save pennies

- when i wake up in the morning, most important is feeling well, then eating well, then thinking well and then trading well, last but not least relaxing well
Invincibility lies in the defence, the possibility of victory in the attack
  • #86
  • Feb 1, 2011 11:24am Feb 1, 2011 11:24am
Quoting silverheat
how do you hedge your account? by having a job or what?
actually that's how I hedge my account!!!! so don't laugh too much!!
  • #87
  • Feb 1, 2011 11:28am Feb 1, 2011 11:28am
Quoting Beman
actually that's how I hedge my account!!!! so don't laugh too much!!
sorry, having a job is not that bad, ... if you like it!?
Invincibility lies in the defence, the possibility of victory in the attack
  • #88
  • Feb 1, 2011 11:31am Feb 1, 2011 11:31am
Quoting silverheat
sorry, having a job is not that bad, ... if you like it!?
i was just kidding don't worry!! no offense at all!!
  • #89
  • Feb 1, 2011 11:35am Feb 1, 2011 11:35am
Quoting silverheat
how do you hedge your account? by having a job or what?
Not now but I damn well did back then. The job is what paid for the cash injections that were needed (or was it the remortgage?) ROFL This was back when you could nedge at every broker on earth.
Nothing worth having is easy.
  • #90
  • Feb 1, 2011 11:48am Feb 1, 2011 11:48am
funny thing, i believe trading made me more stupid ... or maybe i just thought i was more intelligent before, and really wasn't?
Invincibility lies in the defence, the possibility of victory in the attack
  • #91
  • Feb 1, 2011 11:58am Feb 1, 2011 11:58am
No, I can definitely say that I am not as stupid as when I first started. Let me just give you an example. I thought that when the PA went mad around 1.30 pm GMT it was the London boys coming back from their liquid pub lunch with a few too many under their belt randomly yelling "buy" and "sell". I didn't even realise they had data releases on a daily basis. Yep, that's how stupid I was ..... but I survived .....
Nothing worth having is easy.
  • #92
  • Feb 1, 2011 12:16pm Feb 1, 2011 12:16pm
Quoting Patience
No, I can definitely say that I am not as stupid as when I first started. Let me just give you an example. I thought that when the PA went mad around 1.30 pm GMT it was the London boys coming back from their liquid pub lunch with a few too many under their belt randomly yelling "buy" and "sell". I didn't even realise they had data releases on a daily basis. Yep, that's how stupid I was ..... but I survived .....
lol, really ... no

hard to beat, but i'll try:

did you ever come home in the middle of the night, early morning, so drunk that you confused the refrigerator with the toilette because the light looked somewhat alike, booted up your computer, opened your trading software and closed a perfectly profitable long term trade several hundred pips in the green (short eurusd) just to hate yourself for it the next day when you saw eurusd down another 100 and wondered why the floor beneath the refrigerator was wet?
Invincibility lies in the defence, the possibility of victory in the attack
  • #93
  • Feb 1, 2011 12:23pm Feb 1, 2011 12:23pm
Trading change my life?
Definitely. I could say that I learn a lot from my journey on trading. Being disciplined, confident, control my emotion, keep trading journal...

I agree with some other traders here that trading is just another career that gives us tremendous opportunities. However, this career is different than the other 9 to 5 jobs. Traders are expected to spend time and work hard like in other careers, but besides that the probability of losing our money is always there. In other career, you work and earn money, while in trading, you work and may still lose money. How beautiful is it?

That may be the reason that i continue to demo trade. I definitely plan to live trade someday, but first i must save and learn more before I gonna pay real money for the market.
  • #94
  • Feb 1, 2011 12:40pm Feb 1, 2011 12:40pm
Quoting silverheat
lol, really ... no

hard to beat, but i'll try:

did you ever come home in the middle of the night, early morning, so drunk that you confused the refrigerator with the toilette because the light looked somewhat alike, booted up your computer, opened your trading software and closed a perfectly profitable long term trade several hundred pips in the green (short eurusd) just to hate yourself for it the next day when you saw eurusd down another 100 and wondered why the floor beneath the refrigerator was wet?
LOL - No! And please give my sympathies to your wife!

But I let a $10,000 profit turn into a $5,000 profit because I didn't know that you could place your stoploss when your trade was in profit. I thought it was used to stop the loss of your account, not stop the loss of the profit - LOL. I don't bet BIG like that any more. Typical newbie that I was. Enough stupid stories because there are too many. I may not have a job but I've still got to cook dinner Ho hum ...
Nothing worth having is easy.
  • #95
  • Feb 1, 2011 1:07pm Feb 1, 2011 1:07pm
Quoting mtrader87
Trading change my life?
Definitely. I could say that I learn a lot from my journey on trading. Being disciplined, confident, control my emotion, keep trading journal...

I agree with some other traders here that trading is just another career that gives us tremendous opportunities. However, this career is different than the other 9 to 5 jobs. Traders are expected to spend time and work hard like in other careers, but besides that the probability of losing our money is always there. In other career, you work and earn money, while in trading, you...
There are lots of careers where you can lose.
Auditors, doctors, investment bankers, tax advisors...

If they just make a small mistake in their judgement and something severe happens because of that, you can be sure that all of them will land in prison. Maybe they won't lose money, but they can lose a significant part of their free life, if they make mistakes.
  • #96
  • Feb 1, 2011 1:23pm Feb 1, 2011 1:23pm
Quoting silverheat
lol, really ... no

hard to beat, but i'll try:

did you ever come home in the middle of the night, early morning, so drunk that you confused the refrigerator with the toilette because the light looked somewhat alike, booted up your computer, opened your trading software and closed a perfectly profitable long term trade several hundred pips in the green (short eurusd) just to hate yourself for it the next day when you saw eurusd down another 100 and wondered why the floor beneath the refrigerator was wet?
Oh my! i made many stupid things while drunk, but i never peed into refrigerator!! well, at least from what i can remember...
  • #97
  • Feb 1, 2011 1:51pm Feb 1, 2011 1:51pm
Trading has changed me definetely. Unfortunately, it has changed me for the worse.

Firstly, I thought that if I sit on my ass and read to educate myself about forex and practice, I would defy everybody around me that said Forex trading is like gambling in a casino. Well after 5 months reading and demo trading, and 11 months reading and live trading my mental state is not as stable and balanced as it was before I started. I used to be extremely patient and focused, and could easily admit a mistake and a loss, but lately I find myself more nervous and impatient. I think this is a result of my involvement in FX. I believed that with experience and knowledge I would become a better trader, but quite the contrary, trading experience corrupted me.

The high stress level resultant of trading has affected my mental state and throuhg there my body. I've come to the realization that all that stress is not worth at all, because I'm trading with several hundreds USD account. It's not worth it even if I have a good month and I end up with 30% profit. Compared to my job, Forex trading is much more stressful and gives less money, and somtimes takes away my money I guess trading is not my cup of tea.

As a result I'll try to limit my involvement in FX trading to an occasional game with small stakes and I'll try to get back my mental balance again.

Regards, MyTbo
  • #98
  • Feb 1, 2011 3:30pm Feb 1, 2011 3:30pm
Quoting Beman
Oh my! i made many stupid things while drunk, but i never peed into refrigerator!! well, at least from what i can remember...
I peed into a dirty clothes basket...I didn't mistaked it for anything,just couldn't make it to the bathroom!
Anyway to stick to the thread's point...that IS NOT how trading changed my life
  • #99
  • Feb 1, 2011 4:29pm Feb 1, 2011 4:29pm
Quoting MyTbo
Trading has changed me definetely. Unfortunately, it has changed me for the worse.

Firstly, I thought that if I sit on my ass and read to educate myself about forex and practice, I would defy everybody around me that said Forex trading is like gambling in a casino. Well after 5 months reading and demo trading, and 11 months reading and live trading my mental state is not as stable and balanced as it was before I started. I used to be extremely patient and focused, and could easily admit a mistake and a loss, but lately I find myself more nervous...

I feel very close to your experience, i was just like you about 2 years ago. I was depressed most of the days, since i would trade for a living but i couldn't make any money, it has been one of the worst experience in my life, i was neglecting my future and all my certainties were evaporated. Then, one day, i started to understand that my problem were those certainties i wasn't living my life, i was what other people wanted to see in me, my parents a doctor, my girlfriend a good guy, my friends something else, i was listening to everybody opinions, all but mine... So when i touched the bottom i started to understand and to live my life, now i feel most of the days happy, i'm doing what i want because i want to do it, i don't give a **** about what others think about me. It hasn't been easy, i lost some friends, girlfriend, and my parents can't understand me, but surprise surprise, now i have new friends, people that often doesn't understand me, but they take me as i am, i have a girlfriend and i'll get marry in july, do you know what does she tell me when i have a bad month trading? Nick, this is what you want to do for a living, so stop thinking about money and succes do what makes you happy, and i'm doing it, step by step, i'll make it, if i'm not at least i can say i lived my life.

I think you are at a crossroads, (or maybe you already took a decision) you have to choose, trading (money, do what you want, be your own boss, uncertainty) or another job (safer, but you need to do what others want from you), there isn't a universal answer, try to understand what you feel, take your time you're not in a hurry!
  • #100
  • Feb 2, 2011 3:37am Feb 2, 2011 3:37am
Quoting MyTbo
Trading has changed me definetely. Unfortunately, it has changed me for the worse.

Firstly, I thought that if I sit on my ass and read to educate myself about forex and practice, I would defy everybody around me that said Forex trading is like gambling in a casino. Well after 5 months reading and demo trading, and 11 months reading and live trading my mental state is not as stable and balanced as it was before I started. I used to be extremely patient and focused, and could easily admit a mistake and a loss, but lately I find myself more nervous...
Hi MyTbo,
with due respect, but i guess what you're experiencing is all because you're under capitalized? that's what i have been reading here in ff... if you don't have enough fund to start fx trading then it will be a lot stressfull... market will phsyc us out... down to the last drop of our sanity just my thought...

regards,
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