After a series of losses, and you’re not sure why, you’re gonna feel defeated. That’s how I was feeling yesterday. Again and again, I’m taking losses, and I don’t seem to follow my strategy the same way I do when backtesting. It’s as if my strategy is unrealistic in live trading. Could that be true? Well, I have to consider that possibility.
I also have to consider that I’m doing it wrong, then try to figure out why.
When immersed in that defeated feeling, you don’t know what’s next and most of the motivation is gone. Perhaps you start thinking about everything else in your life, everything else you’ve failed at, how everyone is doing better, and your attitude goes into a downward spiral.
The past two days, I spent time looking up online about people I knew during my youth. This person is a doctor, this person has a successful business, that person has a happy family, etc. And then there you are at the bottom of the barrel.
I don’t know how many people here can relate to those kinds of feelings. The frustrating part is when people try to make you feel better and say nice things. For me, a lot of it is nonsense because they’re just trying to make me feel better and they’re also lowering their expectations of me. The truth is that I’ve failed and I should do better. But no one will tell you that.
No one will tell you to stop whining, get up, and keep fighting. No one will say ¨Be strong! Don’t quit! Keep going, no matter what!¨
People will tell you ¨No, you’ve done XYZ and ABC. I’m proud of you.¨ That’s nice, but they’re trying to make you feel better by lowering expectations. That’s how I see it. I never understood how to do better and elevate even though I’ve failed.
People fail, sure. But what about when you’ve failed again and again and again? And you think that your failure is permanent? What would you be willing to do to change that?
What would you be willing to do to get a win so big that your life changed completely? What would you give to change things around so that instead of life always pushing you around, you were pushing back?
To not feel like a loser 100% of the time? If you could just put a dent in it, you could show yourself that being a loser is not a permanent condition. If you could go from 100% loser to 99% loser, you would know that it’s possible to become anything you can imagine. If you can go from 100% loser to 99%, then you could also go to 98%.
You would know it’s merely a matter of building yourself up, improving your weaknesses, and doing whatever is necessary. And you would understand that failure is a step forward. Some would say ¨stumble towards grace¨. It extracts a heavy toll, but anything is possible.
We’re all here to trade and make money. Let’s not pretend we’re all here just for a hobby. Who wouldn’t want to make a ton of money? We all may have different reasons for being here, but money is surely part of the equation.
For me, it’s not just about money. It’s about becoming the person who is capable of making money. And what better endeavor to overcome than one that can also provide your life with a lot of options? Choose whatever health insurance you want, a car that doesn’t breakdown on the side of the road, live in a safer neighborhood, etc. The ability to help anyone around you. Why not be someone who gives money rather than always be the one borrowing?
I was feeling defeated in forex, but today, I got my motivation back. Ready to keep going. Fall down seven times, get up eight.
Remember, we’re not just doing it for the money. We’re doing it for a sh#tload of money!
