YOU need to make the right decisions – constantly
Why?
Let's have a look at How much time will YOU need to get rich?
I've posted in this thread an example with a trader who has got the ability to grow his account every month by 2% and who has got 1000 Euro.
If this trader is a 30-year old man it will take him 16 years to grow his account to 44795.35 Euro.
- Do you have 1000 Euro or even less?
- Do you have the ability, the records, to grow every month by 2%, constantly?
- Did you notice how much time it will take you to really grow?
Does FOREX hold the ultimate chance? Yes it does. For everybody. It holds the chance to get quick rich. In which other business you have got such an opportunity?
Let's get back to the example of the guy who grows every month by 2%. To grow it is needed to make more profit than losing pips.
One month of him may look like this:
weeks:
#1: +102
#2: +98
#3: -72
#4: +12
his first week may look like this:
days:
#1: +10
#2: +22
#3: +30
#4: -10
#5: +50
his first day may look like this:
trades:
#1: +5
#2: +10
#3: -10
#4: +5
what does a trade look like? Well it consists of 3 parts.
1.) entering the market (long or short)
2.) waiting an amount of time
3.) closing your position
So the trader needs to make these decision, conscious or subconscious:
1.) Should I enter the markets now (yes/no)
2.) How should I enter them (Buy them/Sell them)
3.) Should I close my position now (yes/no)
If you are able to do the right decisions at the bottom, you should be able to go from bottom to top, which should lead in the end to a better performance. But you need to do the right decisions, don't you?
I think you do.
I have written by myself a program to speed this up. A picture:
http://qweet.piranho.com/pics/tape_r..._public_28.jpg
if image doesn't appear:
http://qweet.piranho.com/next_step_simulation.htm
I train myself to perform better decisions. If I see I'm performing rows of right decisions, I know I can go back into the market.
You see that I've performed a row of profit. At least virtual. It is only a matter of time and training and development to grow and to extend this row. But it is possible.
qweet
Why?
Let's have a look at How much time will YOU need to get rich?
I've posted in this thread an example with a trader who has got the ability to grow his account every month by 2% and who has got 1000 Euro.
If this trader is a 30-year old man it will take him 16 years to grow his account to 44795.35 Euro.
- Do you have 1000 Euro or even less?
- Do you have the ability, the records, to grow every month by 2%, constantly?
- Did you notice how much time it will take you to really grow?
Does FOREX hold the ultimate chance? Yes it does. For everybody. It holds the chance to get quick rich. In which other business you have got such an opportunity?
Let's get back to the example of the guy who grows every month by 2%. To grow it is needed to make more profit than losing pips.
One month of him may look like this:
weeks:
#1: +102
#2: +98
#3: -72
#4: +12
his first week may look like this:
days:
#1: +10
#2: +22
#3: +30
#4: -10
#5: +50
his first day may look like this:
trades:
#1: +5
#2: +10
#3: -10
#4: +5
what does a trade look like? Well it consists of 3 parts.
1.) entering the market (long or short)
2.) waiting an amount of time
3.) closing your position
So the trader needs to make these decision, conscious or subconscious:
1.) Should I enter the markets now (yes/no)
2.) How should I enter them (Buy them/Sell them)
3.) Should I close my position now (yes/no)
If you are able to do the right decisions at the bottom, you should be able to go from bottom to top, which should lead in the end to a better performance. But you need to do the right decisions, don't you?
I think you do.
I have written by myself a program to speed this up. A picture:
http://qweet.piranho.com/pics/tape_r..._public_28.jpg
if image doesn't appear:
http://qweet.piranho.com/next_step_simulation.htm
I train myself to perform better decisions. If I see I'm performing rows of right decisions, I know I can go back into the market.
You see that I've performed a row of profit. At least virtual. It is only a matter of time and training and development to grow and to extend this row. But it is possible.
qweet