I got into Forex a few months ago, sometime back in July. Studied the basic terminology, the most common indicators, etc. Got into demo trade in the beginning of September. At first, like everyone else (and don't deny it!), I got into it for the money. The concept of making lots of cash just by sitting at home, clicking my mouse every now and then, it was most appealing. Every time I made a successful trade 20 cent trade on 0.01 lots, I would daydream and see myself in the short future sitting at my own house with a laptop, dealing trades with with big figures and feeling most... Well, successful. Hah, I was so full of it.
In reality however, I was nowhere near my dream. Those 20 cent profits were merely drops in the sea of my losses. I would look for chart patterns, make a prediction, lose trade after trade, get frustrated and give up, only to come back and trade, and lose time and time again, again get frustrated and give up. Until recently.
Recently, I decided to up my lot size to 1, and trade with that. Not really sure why, just thought that if I were to lose money at the same rate as I was before, my account would be drained quicker, and I could start anew with a different one. Surprisingly, this time for some goddamn reason, I actually made money. Not only that, I've managed to get back all (!) of my losses, and make 50% of what I lost as profit with 1 trade!
That's when it hit me. I've stopped caring about profits and money altogether. I've just started looking at the chart and try to figure out what the hell happened. And even when I look at the chart now, I still don't know what went 'right'. Were my predictions correct? Or was I just lucky? (Probably the latter. XD) But either way I don't care anymore. Maybe someday in the future I'll come back to that timeframe and figure it in a matter of seconds and laugh about it to myself. Maybe.
I am no longer a trader. At least, not yet. I am now a spectator.
Those bars and how they move. Pesky little things. Always a mind of their own. A mystery that frustrates a lot and sparks curiosity in few.
You know who I think is one of those 5% that succeeds in trading? Those that love the bars. Not for the money and profit, but for what they are. Those that love to watch how they move up and down, and feel the joy when they see it for themselves why. Like Galileo trying to discover the laws of Newton. It's like having a dream of becoming a doctor, getting good grades in school and a degree in a university, only later to be employed as one and earn good money for doing what they love. Like that.
Maybe I'm wrong, who knows. But I'll keep watching the chart, watch those pesky little things go up and down. And observe.
In reality however, I was nowhere near my dream. Those 20 cent profits were merely drops in the sea of my losses. I would look for chart patterns, make a prediction, lose trade after trade, get frustrated and give up, only to come back and trade, and lose time and time again, again get frustrated and give up. Until recently.
Recently, I decided to up my lot size to 1, and trade with that. Not really sure why, just thought that if I were to lose money at the same rate as I was before, my account would be drained quicker, and I could start anew with a different one. Surprisingly, this time for some goddamn reason, I actually made money. Not only that, I've managed to get back all (!) of my losses, and make 50% of what I lost as profit with 1 trade!
That's when it hit me. I've stopped caring about profits and money altogether. I've just started looking at the chart and try to figure out what the hell happened. And even when I look at the chart now, I still don't know what went 'right'. Were my predictions correct? Or was I just lucky? (Probably the latter. XD) But either way I don't care anymore. Maybe someday in the future I'll come back to that timeframe and figure it in a matter of seconds and laugh about it to myself. Maybe.
I am no longer a trader. At least, not yet. I am now a spectator.
Those bars and how they move. Pesky little things. Always a mind of their own. A mystery that frustrates a lot and sparks curiosity in few.
You know who I think is one of those 5% that succeeds in trading? Those that love the bars. Not for the money and profit, but for what they are. Those that love to watch how they move up and down, and feel the joy when they see it for themselves why. Like Galileo trying to discover the laws of Newton. It's like having a dream of becoming a doctor, getting good grades in school and a degree in a university, only later to be employed as one and earn good money for doing what they love. Like that.
Maybe I'm wrong, who knows. But I'll keep watching the chart, watch those pesky little things go up and down. And observe.
