Trading is all about ups and downs my dear. I know it feels bad to have a loss, but then it is just a beginning part of the journey. Instead of letting negative thoughts come in your mind, try to learn from losses, bring that confidence in yourself. Losses will transform into profits by experience. Good luck!
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I agree! Its actually not hard to find as mentors love teaching it simplifies their trading approach as they have to start explaining what they do,how they do it and why…
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Some days are really hard to stay motivated.
Take a day off. Not much is going to happen today.
Yeah that helps I also find reading helpful…As a coder I would either read or code…Does anyone here have a desire to code or do you believe in manual trading ?
First of all, it is necessary to determine why you trade. It is essential to name a real emotional reason. This may be a desire to learn a prestigious profession and thereby increase self-esteem, get a certain level of income, or to improve your technical analysis skills. Each person has his or her own reasons and motives. And you get motivated if you understand that you fulfill your desire if you keep trading. Next, the reason and motive for entering the financial markets must be transformed into an emotional goal that ignites you. It must be concrete, achievable, and set for some period.
Setting a close and small goal gives you better motivation than a huge goal that you cannot emotionally feel. In this regard, it is better to set short-term goals. After achieving it, I always feel strength, energy, and motivation towards the next. And the more victories I have, the stronger is my self-confidence and motivation to keep trading.
In addition, this forum makes me feel motivated. After reading your threads and communicating with you, I feel like I want to trade.
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By focusing on what I want to achieve in the future!
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Found a new Chinese bubble tea shop in town. Nice pearl milk bubble tea and red bean bubble tea. Nice. Will try some more flavours next week.
(the car sounds amazing!)
Success recipe: “never ever give up.”
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And never forget, as one door closes, another slams in your face…
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What keeps me motivated is my love for trading. Over the past year I have learned so much, I love charts and chart patterns, and the more I learn, the more I enjoy it. Charts are my porn. This is how I will retire.
Really, if you love what you do and you’re good at it, that’s motivation in itself, there’s really no need to look for it.
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Your attitude towards your work and your passion pays an important role. It is your choice that what you really want to be in this market.
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If you are continuously losing money, means that you have missed something in your learning process. I would suggest that you make analysis of your previous deals, and try to realize what you have done wrong. Try to improve it in your next deals. Demo account is very good for this purpose
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its just a motivational speech , nothing without it. but in practical when trading its really difficult to keep patience above all when making a losses.
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I take loss as a practice to get better and as a lesson to avoid making mistake again. With that having mind set, I am able to keep myself feel more motivated to do better the next time I trade.
But if you keep losing more and more, take a break and come back again with fresh and clear mind so that you can start trading again. Imagine your reaction if you are winning.
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Recognizing my accomplishments and reminding myself of my goals.
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My thoughts exactly. Think about what you want to achieve.
Hmmm…
I trade since 1998.
Till 2004 got lossssttttt much money.
But i never give up.
Try and try
Learn by my self.
Learn option, forward, futures, forex, stock, swap, binary and all kind derivative instrument.
10 hours every day
Now ppl say " oh you have a good life"
They dont know how my tears drop every day, how i handle when ppl knocking my door and asking my debt.
So i just want to say KEEP LEARNING…then you will know the result!! Fighting!!
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Like this curve & that’s the reality of Forex trading profession; no doubt on it!
I’m trying to get myself away from using negative language and terms like lose and loss etc. and even their corollaries like win and winnings and winners etc.
As long as you’re following your system and it is already proven, losses, lose, losers all sound too negative. Like you made an error or your TA was wrong or you were gambling and you were unlucky. In reality, as no system can work 100%, these are costs not losses. Like your electricity and phone bills.
Focus less on the trade, more on being a trader.
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