|
Cheers to a new week
Hello all Gents and Ladies,
I've done a plethora of thinking and going over some things in my head this weekend. I could have walked away Friday with +44 pips early but I wanted to continue trading as well as continue being greedy. Where did this leave me??? Well at + 17 pips instead of 44!!! Not very wise on my part! I'm not very sure when it's really time to draw the line. Sometimes I feel like my trades are going good so why not continue to keep on trading? I see it as I can keep making more money but the result is in fact the complete opposite. The hardest thing I find about trading has to be the psychology of it all. Whether it be the amount of money your willing to risk, when to get out, when to get in, how far your willing to let any trade ride, it's all quite frustrating sometimes. I've been constantly working on rules and guidelines for myself to follow but I seem to be breaking them as well as not trusting my instincts. 80% of the trades I stop myself out of end up going my way shortly later. Although I'm taking small losses, when there are numerous ones it tends to add up rather quickly. I don't know what the real answers are to any of these things I second guess myself about but I just wanted to share my thoughts with the rest of my friends in case anyone was experiencing the same nonsense. Myself, I'm going to try and follow by some of the rules I've made for myself and just wait for the good trades and the right times instead of taking mediocre trades. I think my major problem is patience is not one of my virtues. But like my friend Scorps tells me, I have to be patient and wait for the right ones. I see it and know that all you really need is one or two good trades a day to make really good money in this business. I'm trying to be an over-achiever (which has haunted me my whole life) I think I have ADD or something. I need to learn how to be satisfied with having a decent or good day and quit shooting for a freaking life changing experience in one day. I hope if there are any beginners out there experiencing the same issues as me this eases your mind a bit to know your not the only one. I'm looking forward to trading with all my friends in the room this evening and I hope you all had a great weekend. My thanks goes out to all of you for being so generous with trading ideas and strategies, you all know who you are! And a special thanks to Mr Pimpy Longstockings for all his hard work. Cako, my friend I hope your eyes get better soon so I'm not the only naughty one in the room. I hope your eye gets better too bloomy (try some herpicine) haha ha lol, just kidding my friend!
Speak to you all soon..
Benihana Mc Vampy el Slim Trady
Peace all...
|