So if you decided to click my post, firstly thank you. I just wanted to share my experiences with trading and my journey so far. Hopefully I don’t bore you , and I hope this can be helpful to any new trader.
So my journey began November of 2018. Around this time I had a well paying job and had a nice piece of spare change. And as most people would agree, I wanted to make money and get out of the 9-5. I stumbled upon stock/forex trading. And just like most of you I was instantly hooked. The videos of accounts that people doubled, tripled, I mean even making $100k in a couple months.
Well I decided to start with stocks because, a lot of people online said forex was a scam. After losing 10k trading stocks I moved away from that. Now by this time I’ve already bought 2 courses. And I was determined so I turned to forex when I saw it’s true potential. So I bought more forex courses.
Well I knew I didn’t want to put money in right away so I bought a forex course(so darn easy forex by Yousef Scott was the first of about 4 courses I bought) and I thought I found the holy grail. I mean, this guy was killing it and his strategy just seemed fool proof. But it wasn’t. I ended up throwing $500 into a broker account and make 2k in one week. COMPLETE LUCK. But of course I though I was going to be a millionaire in no time.
Well guess what? A few bad trades later and bad risk management I blew the Money I earned and the original $500. I wasn’t devastated and I wasn’t about to give up. I went over countless hours of study material. Anywhere and everywhere I could. Couple months later threw $600 in 2 separate accounts and blew that as well. Again no risk management. Just hoping I could flip a small amount with no stop loss just letting my account drain.
At this point I’m a little over a year in. I’m determined to make this work! So I decide to change my life at this point. Stopped smoking weed, started hitting the gym, meditation, Waking up early for London session, and most importantly, I focused on forex to the MAX. Focused on percentages, figured out lot sizes(the correct way. Focused on a strategy and spent thousands of hours back testing, and the biggest impact on my trading was watching hours and hours of psychology videos. Mainly Rande Howell.
So at this point I’m flipping demos. Sticking to 2-3 strategies, figured out what type of trader I am, 5-8% a week return still losing some trades, but journaling everything. I finally move to a real account and I replicated the results. I’m far from a pro but after 2 years I can confidently say I’m a profitable trader.
The journey was tough! The losses were hard! I almost gave up so many times. I see so many new traders having a hard time figuring out this forex game. And I just want to say “stick with it, don’t give up.” I know I’ll probably get some hate comments but it’s ok.
Tips: remove people from your lives that give off negative energy, study, once you find a strategy, implement it! A lot of people jump from strategy to strategy because of a few losses. Trading is like college: the only difference is nobody is there to hand you a Degree, you have to give it to yourself. Trading is very hard but very doable.
Also, no two people trade the same! Sometimes I have trades that don’t align with people that have more experience… who’s wrong? Well the markets will decide that. The market has no bias, it doesn’t care if you want long or short. It’s going to move the direction it wants.
Indicators/no indicators? London session/New York? Strategy? Time frame? Where should I put my stop? There is so much info out there I know it can be hard to grasp it all but absorb everything. Trade what works for you and block the noise from others.
Lastly I just want to Say: don’t treat trading like a hobby. this what you want to do for a living right? Then give it 100% because anything less would, in my experience, could/will result in you not ever getting to that next level.
I left out allot but there is a snippet. Good luck to you all, I believe in all of you. I want nothing but success for all of you and thank you for taking the time to read my story✌🏽.