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Garbage.

  • #1
  • First Post: Aug 22, 2006 5:31pm Aug 22, 2006 5:31pm
Hey everybody, I just thought I would write a thread that would maybe help some people before they do stupid things. First off, a little bit about me, for a long time now my life has just been a blur because of the garbage that life throws at you. I'm starting to get my stuff together now, which is amazing. I started trading when I was going through a really rough time, which was only about 6 months ago. If it werent for trading and meeting some people through forex factory I never would have had the drive to push myself through the harsh things about life. But with that, I want to tell EVERYONE something that needs to be heard. This is for beginners and experts alike, because everyone makes mistakes. Do yourself a favor and DO NOT start trading when your head isn't on right. I'm only 19 years old, and when I started trading I thought of it as an easy way out. I threw 2 grand out the window, because of mistakes I made while I was just looking for a way out of the life that I was in. And it just goes to show, 6 months later I am semi-successful in this market, because I've worked out problems and my head isn't full of the garbage that life gives you.
I dream, therefore I become.
  • #2
  • Aug 22, 2006 5:53pm Aug 22, 2006 5:53pm
Thanks for sharing your story along the rocky road that is Forex........and for sure......gotta have your head right to do this!!
  • #3
  • Aug 22, 2006 10:38pm Aug 22, 2006 10:38pm
Quoting mike w
Hey everybody, I just thought I would write a thread that would maybe help some people before they do stupid things. First off, a little bit about me, for a long time now my life has just been a blur because of the garbage that life throws at you. I'm starting to get my stuff together now, which is amazing. I started trading when I was going through a really rough time, which was only about 6 months ago. If it werent for trading and meeting some people through forex factory I never would have had the drive to push myself through the harsh things about life. But with that, I want to tell EVERYONE something that needs to be heard. This is for beginners and experts alike, because everyone makes mistakes. Do yourself a favor and DO NOT start trading when your head isn't on right. I'm only 19 years old, and when I started trading I thought of it as an easy way out. I threw 2 grand out the window, because of mistakes I made while I was just looking for a way out of the life that I was in. And it just goes to show, 6 months later I am semi-successful in this market, because I've worked out problems and my head isn't full of the garbage that life gives you.
I am struggling in forex for 6 years. Can You pelase help me ?
  • #4
  • Aug 22, 2006 11:22pm Aug 22, 2006 11:22pm
Quoting Dan7974
I am struggling in forex for 6 years. Can You pelase help me ?
Dan, you said a few days ago, you have been trading for 4 yrs.

Also, I could tell you one of the reasons you are struggling. I have read some of your posts and have actually PM'ed you about one of your posts if you remember. Here is the reason you are struggling so much. You are hopping from one thing to another and not sticking with something for an extended amount of time. Pick one thing (james16 chart thread) and study it for 6 yrs. If you think that is a long time, well its only as long as you have been struggling. After studying that one thread for 6 yrs, I bet you wouldn't have to ask this question again. If you are looking for so simple system and not just trading price action, I would suggest going to the sidus thread. That thread is rockin'! And so far, it is very profitable for some of us. Don't go to one thread and read about a system and then go to the next and read about that one. It will only confuse you about the first system you read.
JOHN 3:16
  • #5
  • Aug 22, 2006 11:37pm Aug 22, 2006 11:37pm
Some nice thoughts there renasdad, and sound advice. However I throw a slightly different spin on it, and that is that no-one really will be successful with a trading system until they feel some ownership towards it. If you are jumping from system to system, idea to idea with the hope of duplicating one of them and making your fortune, then what renasdad is exactly right. However, if you do the same thing with the aim of research, picking bits off here and there of the many different things you read, then slowly your subconscious will process that information into what will ultimately become you "UHUH" moment. Human don't like following orders from others, we like to think we have free will and intelligence to make decisions on our own. Trying to trade someone else system is doing exactly that, following someone elses orders, and it is why so many sound profitable system fail for so many. It wasn't the system, it was the traders ego taking them away from the rules. Look through any journal thread here and you will see what I mean.

Gain ownership of how you trade, what you trade and when you trade, and a major stumbling block will clear. Just my humble opinion from experience.
You can quit and they won't care, but you will always know.
  • #6
  • Aug 22, 2006 11:38pm Aug 22, 2006 11:38pm
Quoting renasdad
Dan, you said a few days ago, you have been trading for 4 yrs.

Also, I could tell you one of the reasons you are struggling. I have read some of your posts and have actually PM'ed you about one of your posts if you remember. Here is the reason you are struggling so much. You are hopping from one thing to another and not sticking with something for an extended amount of time. Pick one thing (james16 chart thread) and study it for 6 yrs. If you think that is a long time, well its only as long as you have been struggling. After studying that one thread for 6 yrs, I bet you wouldn't have to ask this question again. If you are looking for so simple system and not just trading price action, I would suggest going to the sidus thread. That thread is rockin'! And so far, it is very profitable for some of us. Don't go to one thread and read about a system and then go to the next and read about that one. It will only confuse you about the first system you read.
2 years in stocks. 4 years in forex.
  • #7
  • Aug 22, 2006 11:42pm Aug 22, 2006 11:42pm
Quoting Akuma99
Gain ownership of how you trade, what you trade and when you trade, and a major stumbling block will clear. Just my humble opinion from experience.
Expert advice.
  • #8
  • Aug 22, 2006 11:48pm Aug 22, 2006 11:48pm
Dan,
Ok, I see what you mean now. Akumma has hit it right on the head. When I posted my post, I was basically explaining myself. That is how I was. Ask akumma. I was on his thread for a short while thinking that was the key. I was in the PF trying a few of those systems. I have been at other forums before this one trying those systems. People would make good pips on every one of those systems and I couldn't seem to make a single good trade. When someone makes a system/method, they make it based on their thought process not yours. That is the one thing, other than our looks, that noone has in common, and that's thoughts. We all think differantly. When we try to trade exactly how someone else does it, we are not gonna do as well as the person that made the system. Or we could possiblt do better. I guarantee we won't do exactly the same though.

Akumma, you described something in your post that 2 or 3 months ago, I would have not understood what you meant at all. I do now. You need to take certain peices from things you have learned and apply it to the way you are trading. Don't just do what others are doing. You need to feel like you "own" it. And the day will come when you say "UHUH". Very good explination akumma.
JOHN 3:16
  • #9
  • Last Post: Aug 23, 2006 12:07am Aug 23, 2006 12:07am
Quoting Akuma99
Some nice thoughts there renasdad, and sound advice. However I throw a slightly different spin on it, and that is that no-one really will be successful with a trading system until they feel some ownership towards it. If you are jumping from system to system, idea to idea with the hope of duplicating one of them and making your fortune, then what renasdad is exactly right. However, if you do the same thing with the aim of research, picking bits off here and there of the many different things you read, then slowly your subconscious will process that information into what will ultimately become you "UHUH" moment. Human don't like following orders from others, we like to think we have free will and intelligence to make decisions on our own. Trying to trade someone else system is doing exactly that, following someone elses orders, and it is why so many sound profitable system fail for so many. It wasn't the system, it was the traders ego taking them away from the rules. Look through any journal thread here and you will see what I mean.

Gain ownership of how you trade, what you trade and when you trade, and a major stumbling block will clear. Just my humble opinion from experience.
This is better than Gold.
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