Hello everyone,
Forgive me for this long post and thread. I hope you take the time to read this, think about it .. and hopefully, gain some knowledge from what i have written.. if you agree, please feel free to share your views.. if you disagree, that's fine.. but also feel free to comment...
What you should not do is to accept what i say blindly, refusing to work that most beautiful muscle of all, your brain.
As you can tell, i just registered on this forum but i am not new to forexfactory, forex and trading in general. I have been reading this forum since 2010 - 2011, following individuals quietly and reading their posts.
Ah... you must be asking... who am i and how long have i traded for? A little about myself i suppose.. an understanding of the person behind this nickname.... I started trading since i was 17 and that was about 6 years ago... I started out trading equities, introduced by my father who was a retail investor...
I started off well.. and strong.. a curse in disguise.. i gambled my $2000 into $5000 in penny stocks during the boom of 2006-2007 got out in 2008 (by pure luck) and took my $5000 and rebought penny stocks from the recovery post 2008 till 2010 further increasing my wealth to $10000... at the age of 20, i had $10000 free money, thinking that i was going to be a demi-god.. the next trader that you watch rising like a shooting star... how hard was it i fathomed.. to buy low and sell high ...
I was also an avid poker and blackjack player, going to rake house games, playing on pokerstars, full tilt and the casinos at 18 years old and losing money of course... but little did i know that learning poker and blackjack had a huge part to play in my later years of trading ..
I gambled in forex .. hearing about this beautiful volatile market, eager for more money ... my thinking was... if every 4 years came an economic cycle in the equities market.. i would only see 15 more boom and bust cycle.. how was i to make my money? it would take forever..... (i didn't know about leverage than.. 1:1 ratio)
So i started my venture into forex.. and yes, intially i got my capital up to $12000 in 2 months.. wow.. $2000 in 2 months... (i was stupidly using standard not knowing about minis)... I started getting cocky.. leveraging even further (yes i went up to 7 standards) ... Within 6 months, my account got wiped out.. and my dad had to bail me out with an additonal $3000... I felt like a total loser.. like a scumbag.... the world was crashing down on me... i had dreams of buying a house... getting that flashy car... letting my parents retire.. never having to work etc...
During the 6 months that my capital got wiped out.. i had stretches of staying awake for 48 hours praying that markets would reverse, shouting a little more.. come on.. just as a poker player praying for a river backdoor straights when he is all in.... having emotional rollercoasters .. the works.. (anyone who had their account busted would know)... but it didnt work.. i got busted still ... The market screwed me.. it must be a conspiracy... it has to be... my brokers wanted my money.. i was right.. the market was wrong....
I hope to share with you my personal story of how i manage to overcome seemingly unsurmontable difficulties in trading and explain as best i can the stages in trading and to work with me towards becoming a better trader. And hopefully along the way, you will be able to pick up glimpse and bits of knowledge from me as i had from various teachers, posters, and books...
It will be a long story.. but if my writing helps even only one young trader who stays awake all night.. sad.. depressed, without comfort and about to give up but reads this post while he/she is about to give up .. presses on, finding hope and strength in this thread.. then my job is done...
Forgive me for this long post and thread. I hope you take the time to read this, think about it .. and hopefully, gain some knowledge from what i have written.. if you agree, please feel free to share your views.. if you disagree, that's fine.. but also feel free to comment...
What you should not do is to accept what i say blindly, refusing to work that most beautiful muscle of all, your brain.
As you can tell, i just registered on this forum but i am not new to forexfactory, forex and trading in general. I have been reading this forum since 2010 - 2011, following individuals quietly and reading their posts.
Ah... you must be asking... who am i and how long have i traded for? A little about myself i suppose.. an understanding of the person behind this nickname.... I started trading since i was 17 and that was about 6 years ago... I started out trading equities, introduced by my father who was a retail investor...
I started off well.. and strong.. a curse in disguise.. i gambled my $2000 into $5000 in penny stocks during the boom of 2006-2007 got out in 2008 (by pure luck) and took my $5000 and rebought penny stocks from the recovery post 2008 till 2010 further increasing my wealth to $10000... at the age of 20, i had $10000 free money, thinking that i was going to be a demi-god.. the next trader that you watch rising like a shooting star... how hard was it i fathomed.. to buy low and sell high ...
I was also an avid poker and blackjack player, going to rake house games, playing on pokerstars, full tilt and the casinos at 18 years old and losing money of course... but little did i know that learning poker and blackjack had a huge part to play in my later years of trading ..
I gambled in forex .. hearing about this beautiful volatile market, eager for more money ... my thinking was... if every 4 years came an economic cycle in the equities market.. i would only see 15 more boom and bust cycle.. how was i to make my money? it would take forever..... (i didn't know about leverage than.. 1:1 ratio)
So i started my venture into forex.. and yes, intially i got my capital up to $12000 in 2 months.. wow.. $2000 in 2 months... (i was stupidly using standard not knowing about minis)... I started getting cocky.. leveraging even further (yes i went up to 7 standards) ... Within 6 months, my account got wiped out.. and my dad had to bail me out with an additonal $3000... I felt like a total loser.. like a scumbag.... the world was crashing down on me... i had dreams of buying a house... getting that flashy car... letting my parents retire.. never having to work etc...
During the 6 months that my capital got wiped out.. i had stretches of staying awake for 48 hours praying that markets would reverse, shouting a little more.. come on.. just as a poker player praying for a river backdoor straights when he is all in.... having emotional rollercoasters .. the works.. (anyone who had their account busted would know)... but it didnt work.. i got busted still ... The market screwed me.. it must be a conspiracy... it has to be... my brokers wanted my money.. i was right.. the market was wrong....
I hope to share with you my personal story of how i manage to overcome seemingly unsurmontable difficulties in trading and explain as best i can the stages in trading and to work with me towards becoming a better trader. And hopefully along the way, you will be able to pick up glimpse and bits of knowledge from me as i had from various teachers, posters, and books...
It will be a long story.. but if my writing helps even only one young trader who stays awake all night.. sad.. depressed, without comfort and about to give up but reads this post while he/she is about to give up .. presses on, finding hope and strength in this thread.. then my job is done...