I’ve been away from the forum a while and since I’ve been given so much, I feel very drawn to making an effort to share what has been so freely given to me.
I have consistently lost since I started trading again in March. I’ve been studying fx about two years and trading live only just recently. I handle losses as well or as poorly as most people, I suppose, but something I read really made a difference in how I look at it.
I read somewhere that if I learn [I]why[/I] I lost a trade, then the loss is best described not so much as a loss, but as the cost of a lesson. In terms of real dollars, my losses usually run 2% or so and if it only amounts to a dollar or two, well… would I spend a dollar or two on a textbook for one of the most important college classes I could ever take?
When I started looking at it that way, it not only started to be FAR more fun, but I started learning faster. I’m not the sharpest knife in the drawer and to make it worse, I’m a slow learner. But when I do finally learn something, it becomes automatic for me. And I move forward in a mad rush of “Oh… I GET it…!!!”
I’m physically disabled, in my mid-50’s and so I can trade full-time. I believe I can learn to trade well enough to get off of disability and rebuild my life. Slowly, inexorably, I am becoming more powerful at this.
Thank you for posting an inspiring journal and I wish you the best.