I just read through this entire post. And these are my thoughts to you.
I can tell you have a high IQ. Not because of you telling us, but because of all your questions. And yes, we all can see the bottom line here, for you. After thousands of hours, you are not successful. And it does seem like you are getting to the final conclusion that it’s a scam.
You are wanting to hear from someone who might be in that top 10% bracket.
You are tired of the “keep on striving, don’t give up, you can do it, spend more hours…speeches.”
But, there is one thing you said that I like.
Well, let me ask you some questions.
That is a loaded question. And I’m talking about what brought you into trading in the first place? Are you in it for the money? Only? I mean, does everything hinge on whether you make a profit or not?
Look. I know that probably every single person who has started out on this road has a good portion of that mentality. And you’ll have some who jump out of it earlier than others. Some hang on for years (like me) but won’t give up hope. But…is there any other way to be?
How about trying to BECOME a trader.
See. There is a difference. And I think it all comes down to one thing.
How much do you love the game?
I mean, this extends across any field of study, or trade. Why do you think doctors become successful? To become rich? No. Probably because they want to help people. And I could go on about that, in just about any other field of specialization. You do it because it’s what you like. It’s becoming really good at it. It’s what’s inside of you. You have gifts that align with whatever we’re talking about.
You should know what I’m talking about here. Answer the question above. And the real answer to that should make your hard decision to try harder or walk away much easier.
This game (trade) is very difficult.
If you’re in it for the money, only, you’re not gonna make it much longer.
If you want to become a trader…and you should know by now all of what it takes to become a trader, then you’ll do whatever it takes to get there. And look. That’s gonna take a long time. Sure, everyone’s different. Some it takes much longer than others. But it’s time, and experience, that will get you there.
Look. I don’t believe when people say that they’ve spent hours and hours
trying their hardest in this game. Even you, when you say
I don’t believe you. And it really doesn’t matter. All I know is that you’ve spend a lot of time trying, that’s all. Know why? Cause, it was about a year ago, that I counted how many hours I’ve spent striving, in the first 5 1/2 years on my journey. That number came out to be right at about 7 thousand hours. So, my point here is that I do know literally how much a thousand hours is.
You probably don’t know who I am, in here in Babypips. But, I do have a long time running journal. I started it Jan. 2016. And all that started when I completed 3 years of a beginning. My journey started out Jan. 2013. In any case, I’m a typer. And through all of that I’ve asked more questions along the way ( I believe ) more than anyone. You included.
But you do remind me of myself. You are a thinker. And it looks like you’re getting to the bottom of yourself. Which is a good thing. Hey…look…trading is not for anyone. And frankly, I’m glad ( I even remember journaling about this very subject). What I said in my journal was that I’m glad that this game is so hard. I believe only those who deserve to be in it, should be successful. I mean, who wants to see lucky, greedy money hungry, retail traders month after month, year after year come out on top?
Uhhh…well, the good news is that I don’t think that happens. Think about it. Those who are in the market, managing it, making a successful business from it, are not gonna be idiots. They’ve got to be smart, well experienced, traders.
For me, I know this is my calling. I will become a trader. I will have a successful business one of these days (oh, and if you don’t know it, but I’ve had a year of trying my hand at this as my full time business…resulting in no success). This was on my 6th year.
It’s ok though. I wasn’t ready. Apparently.
Reality will always tell you where you are.
All I know is that it’s gonna take me much longer. I’m not worried one little bit. See. Time is on my side. However long it takes…it takes.
If there was one thing I knew, back when I started this journey, is that this is who I am. That’s why I felt it was important to document my entire journey. Cause I know I am a trader. And I will learn what I need to learn. However long it takes.
So…who are you?
OH…I wanted to address another point you’ve brought up much.
I think you should read Mark Douglas’ book “Trading in the Zone”. If there’s only one thing I got out of that book (and I’ve read it multiple times), is this fact.
NO ONE knows where price will go next.
I can talk your ear off about that. Do you honestly know what that means? See. We as humans think we know stuff. Like … the weather…what other people’s actions will be next…what animals will do…lying of the politicians…etc. Man, I can go on and on. And guess what? We are right a lot of the time. Cause it’s true that humans are creatures of habit. And that’s predictable. We have become used to being right, and correct about a lot in life. Especially the older we get.
But, when it comes to the market, we think we can come to know a way of telling which way it will go (direction). Let alone, by how much. And it seems like you have, at some point, convinced yourself that it was possible to know that. And you’ve gotten so frustrated to realize that it is not possible. I think you just don’t want to admit it, to yourself.
Look. We can get close. We’ve figured out how to see trends on a chart. Some trends are long. Some are short. And their all different. But the thing is…all we’re doing is looking at what happened in the past! That’s all what a chart is anyway. It’s the past! And somehow we’ve convinced ourselves that it’ll happen again, in the future. You know, in a way that we can somehow predict it. And make money from our thinking.
NO ONE knows where price will go next.
It’s like the biggest deceiving thing that has ever happened to mankind. And that’s how this is such a big business drawing in people thinking they can do this. “Just give us so much money and we’ll teach you how to become financially free, etc…”
Anyway. I’m sure you know what I’m talking about. My only point is this. Think about what that really means. We really don’t know where price wants to go, and for how long, and when it wants to. If you read his book, he’ll thoroughly explain all of that.
I’ve said enough.
I would love to continue conversing with you.
Talk to me.