I first came across trading about 7 or 8 years ago. I started dreaming about becoming a proffesional stock trader. Quick money...and easy, that was my dream:) Probably most of traders have the same feeling at the beginning. And all traders that are succesfull now know, that this is nonsense...
I have spent thousands of hours reading stuff on the internet and on paper. I have also spent a few hundred or thousands of USD on several systems and signal providers. Never really sucessfull but not because the systems wouldn't work but because I didn't know myself and the biggest problem of my trading... which iiiis...... DISCIPLINE!!!:) And second biggest problem of mine is that I wanted to trade, not make money. It sounds weird, but I will say it again... I wanted TO TRADE, not TO MAKE MONEY... Those are two different verbs, two different meanings. I am not a native English speaker, but I sure could translate them into my language. But my brain didn't distinguish the meaning. A few months ago I did get it...wow:) Since then, I DO MAKE MONEY. I also trade, but less...
I only trade Forex now. It suits me the best. I also trade two systems that suit me best...they suit my personality and I TRUST them... That is the second most important thing in trading - PSYCHOLOGY. You have to trust your system. You have to accept losses and not get crazy about wins. And you have to stick to the rules...
The first and seriously the most important thing is MONEY MANAGEMENT... Of course that is only my humble opinion... but taken from other more experienced guys:) About my MM next time...
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Thank you for your story, every trader have something similar. Patience and discipline is a key to success in this business.
ReplyDeleteThank you, Tenax
ReplyDeleteThank you Tomas for your candid blog. The fafct that you are so open about bith your successes and failures is refreshing. I respect your tenacity with the 1 minute system.
ReplyDeleteHi Stephen!
ReplyDeleteThank you for your nice comment! It is a pleasure! I hope it helps at least some people...
Take care and good luck to you!
Hey Everybody,
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