Thoughts and stories about my journey in the markets.
Friday, February 25, 2011
You can make it - Don't give up!
When I look back in time at my still-young trading career (this is only my 7th year) I remember how hard it was to lose consistently during my initial 4 years (yes, I struggled during 4 long years), no matter what I tried or what I did when I inserted an order to buy or short the market immediately went against the desired direction, and it used to drive me really mad when I thought: -"no, this time I'll just watch" and the market did e-x-a-c-t-l-y what I expected it to do but I had not inserted any order...
Oh boy! That was soooo frustrating! I think you know the feeling, I felt like the most miserable person on the whole planet. ...and that would just keep happening over and over again, like a recurring nightmare, it looked like it'd last forever.
So I thought: What on earth do I have to do to change that? I'll do just anything! ANYTHING!
I was really weary, totally tired out, I had been successful in so many different businesses that I challenged myself to do during my whole life, how come now that I was a much more experienced man I had to deal with this thing that just kept saying: NO, NO, NO!??
I had already tried several different trading rooms where the so-called gurus made great calls but even like that it didn't work for me, because I wanted to know WHY he was making such calls so that I would be able to repeat that formula, otherwise it would make no sense, a waste of time... Those gurus don't tell you how to do it, they just tell you (at least most of them) where you could possibly buy or sell... So, it didn't work for me.
So I continued getting the same bad results until one day I read a phrase somewhere that made me change completely the way I traded, that phrase was:
"You will never get a different result if you keep doing the same thing, taking a chance always makes the difference." -- Bob Bateman
And from that day I decided I would change, even if I had to die (that would have been the only thing that could have stopped me). And that was when I decided to take my 10 best setups and stick to them...
The path to success in this business is simple: Find your edge, make sure it works most of the time and religiously follow your system, don't forget that using all the techniques you've learned on money management and to be disciplined makes all the difference, I think that is what people call the "Holy Grail", simple as that.
Once you are able to do that, you will be able to make as much money as you have never dreamed of, so don't give up, you might be very close to achieving success, dare to make it differently from now on, make it happen, it could be just a matter of some small detail in what you already do.
I wish you all success in your trading, best of luck!
Posted by @RenaTrader at 12:22 PM
Labels: money, psychology, trading
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