Still failing?!?!

I started trading exactly 5 years ago, and I still haven’t found profitability. I’ve spent so much money on mentorships and similar things that I can’t think of anything else to do anymore. If there’s anyone out there who, like me, is stuck in a loop, please help. Thank you.

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Totally feel you… been there myself. Stepping back, simplifying everything, and focusing purely on risk management made the real difference for me.

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Is it possible that those UNlike you, NOT stuck in a loop, would actually be better placed to offer you help? :grinning:

I think you have a very good and helpful response just above, from @Miss.Ara .
Focusing purely on risk management makes a big difference to many people.

Some people struggling are, often subconsciously, understandably looking at the whole thing from a basic perspective of making money where a perspective of preserving capital would actually be far more appropriate and make things much better for them, in the long run.

But above all, spend no more money.

Especially not on any more “mentoring,” goods or services.

It’s a hundred times as easy for people to make money by selling stuff to struggling traders than it is by trading themselves.

That‘s why there’s a really strong, powerful presumption - one to be rebutted only very, very convincingly, if at all - that people asking struggling traders for money for goods/services are NOT actually making their income from trading at all.

And those definitely aren’t people you want to be paying. For anything. :grimacing:

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Try trading/manual back testing with a 1-1 Risk to Reward. You should be at worst a 50% win rate trader. Anything above it is skill. Everyone has their own strategy… pick one or make one that fits your lifestyle.

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Totally agree with this. I’d add that self-education through trial, error, and journaling often teaches you way more than paid courses ever could.

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Someone who is stuck in a loop like you can’t help you. You need advice from someone who was previously stuck in a loop and has now gotten out of it. The only thing I can suggest is that sometimes not doing anything is the best thing you can do.

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Wow I see how frustrating this must have been for you. Honestly I guess the reason could be that you do not have a full good control over your emotions; you see trading needs a calm mind that doesnt get stressed or greedy easily; I am saying this only because 5 years of trading does give you experience and if you try to learn that I believe you did you can learn a lot of things about trading in 5 years, so I personally think the issue is not with the experience or knowledge