You should check out a YouTuber called tradesbycalo ever since I watched him I’ve been profitable he broke down the market so well. Price action so well
Dear @garfield01,
Thank you very very much for your encouragement and advices.
I am stepping back with smaller position and fewer trades now. while re-evaluating my past trades.
Hope you have a wonderful weekend ahead…
I found myself in a similar situation several times: in 2014, 2017 and later, when I paused. In those days, I was also very ambitious and greedy.
Let’s remember what we had in common?
I think we both aimed for quick results, using a lot of leverage and trying to get 30% -50% profit at once. But for a novice trader, this can be difficult to do.
It’s not that you set your take profit at the wrong level, it’s a matter of skill. The problem was the volume of your order. You have placed too many’s. I also realized that the stop loss was too far away for you, and you were dragging out your defeat until you reached the fatal level of -80%. This was your mistake.
What happened to me next? How do I trade now?
Now I am already an experienced trader, I have a full eye, and I can see the market from my own angle. This comes over the years. I would like to note that I have stopped striving for super-profits. For me, winning is about achieving a goal where I get at least some profit, and not just a big percentage to praise myself and say that I am the best.
Few people will understand this feeling, but it is a discipline within everyone to get a different sense of victory from themselves.
Then I realized that I didn’t want to spend days looking at my schedule, ruining my vision, and experiencing psychological disorders. Many of you will understand this.
I learned programming and created a super-grid robot for myself, which now trades my account. This is my victory."
In any case, being a trader does not mean becoming one tomorrow, it is a long way from trading.
Good luck to you!
Dear @VladislavK,
Indeed you are right.
Thank you sharing your experience and congratz for your victory.
Hope you will always have a smooth journey ahead.
A good trading strategy includes the level where you get out from the position, either in profits or in loss. There is no 100% winning trader.
I’m really sorry to hear about your struggles—trading can be incredibly tough, especially after significant losses. It’s great that you’re using a demo account to rebuild your confidence; focus on a simple strategy and consider keeping a trading journal to reflect on your decisions. Remember, you’re not alone in this journey, and it’s okay to take breaks to regain perspective.
I think it is quite hard to quit once you are used to trading. It is like quitting from smoke, you may think you can but it is actually harder.
I feel you. Trading’s tough, but don’t quit. Here’s what helped me:
- Embrace Struggles: Every loss teaches you. It’s part of the journey.
- Small Wins Matter: Focus on steady, small profits instead of big ones. Build confidence.
- Take Breaks: If emotions are clouding your judgment, step back. Clear your head.
- Trust Yourself: Forget signals. Trust your own analysis and learning.
- Be Patient: Trading takes time. Don’t rush—progress is slow but steady.
- Failure Isn’t the End: Don’t be afraid to lose. Keep learning and adapt.
You’ve got this, just don’t quit. Keep going.
Follow my stock trades on global markets thread
Sell Msft Microsoft.
I’m here to help . I won’t be around forever , y’all should be taking advantage