Giving Up
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Thread: Giving Up

  1. #1
    How many times a year do you guys feel like giving up? I am feeling it following months of functionality followed by three months of horrible performance.

    A short time ago I felt great about trading, what I needed was crystal clear and the way to receive it made sense.

    I feel like I am totally dropped all over again, like the previous year of 60 hour per week studying and trading was just a fantasy that generated no skills or expertise from the marketplace. Just like a noob, all over again.

    The scary thing is I know I won't ever give up, no matter how much pain I undergo. But I have to wonder, how much worse does it get?

    That I know it's a problem with me personally, some mixture of fear, or greed, perhaps my confidence has taken a hit amidst down the draw I find myself in (which at -22percent is not quite as bad as it might be).

    Ah, just venting, I am sure I'll be fine after some sleep.

  2. #2
    Quote Originally Posted by ;
    You'd probably do alot better being at a complete vacuum or trying to spectate a trading ground somewhere than to really talk to people on FF. Judging by some of the answers here, my case is proven.
    Thank you for the reply, your right, I've been spending too much time here again. My very best month this year (March) was once I told Belekas I wasn't going to visit the forum to your month, and if he saw me he can call me out
    Quote Originally Posted by ;
    okay, I am making it a goal to stay offforexforum.co.zafor the remainder of this month, should you see me on there feel free to write a post on there calling me an undisciplined pansy.
    I spent the entire month focusing on my trading just and not getting caught up in this garbage. Turned around a week that was negative and ended with a gain that was nice.

    Due to all of the positive answers. Very good luck to you all.

    JJ

  3. #3
    Quote Originally Posted by ;
    dont allow one lousy month down you. Especially when you will earn a bucketload on the next month.
    Likely? Not being funny but just how did you arrive at that conclusion?

    The man says he's been analyzing and trading 60 hours a week (!!!) For the last year, and after a few months of performance that is fantastic he's had 3 weeks of performance that is horrible and is down 22%. From the sounds of it he's also lost (some) confidence and faith in the market's profit potential I'm definitely at the point at which I'm broken down more than I ever happen to be, this reduced I am now just plain stinks

    I really don't see how any of that is a recipe for producing bucketload next month, if anything it's the ideal situation for even more reductions.

    Ah what is the point, let us all just post meaningless platitudes, he'll likely end up a statistic anyway...

  4. #4
    Quote Originally Posted by ;
    Thank you for the answer, your right, I've been spending too much time again. My very best month this season (March) was when I advised Belekas I wasn't going to visit the forum for the month, and when he saw me he could call me out I spent the entire month focusing on my trading only and not getting caught up in this crap. Turned about a negative week and finished the month with a wonderful gain.

    Thanks to all the positive answers. Good luck to you.

    JJ
    Eliminate all distractions while trading, well if your a scalper, no FF, turn off your phones, no more E-mail, no internet surfing, maybe some music and work through the boredom regrettably and focus entirely on the task at hand.

  5. #5
    It's not easy to make money in this efficient market

  6. #6
    Quote Originally Posted by ;
    How many times a year do you guys feel like giving up? I'm feeling it pretty strong right now, following months of great functionality followed by three months of horrible performance.

    A short time ago I felt great about trading, what I wanted was crystal clear and the way to receive it made sense.

    Now I feel like I'm completely dropped all over again, like the last year of 60 hour a week studying and trading was nothing but a fantasy that generated no abilities or experience from the marketplace. Just like a noob, all over again.
    I've felt what you're feeling, but I'm driven with a really good carrot
    and a constantly-infuriating stick.

    I've been hooked since I read in Getting Started in Currency Trading
    a single trade could rake in a profit of $60,000 US in less than
    two weeks. It is from the book. Read it for yourself. That was a bolt from
    the blue for me. I thought at the point that if forex had a system,
    technical or fundamental or both, that may produce that sort of
    result -- or possibly a tenth of it -- then I desired in. (That is a year's wages
    for the ordinary American in less than two weeks )


    Second, my job is quite possibly yours--I'm an ESL instructor, and
    it is an exercise in futility many days. The pay is entry-level and
    there's absolutely no limit to the fruion and nit-picking. They expect you to pull
    a rabbit from a hat without providing you a rabbit, and a negative evaluation
    can cost you a monthly bonus, like it is. They just won't
    allow you to make any money in Japan.


    Plus, I've given my word to people who I'm going to exchange my way
    to a retirement -- therefore I have to keep that promise or
    I'm going to look like an a##hole.

    The one thing I can suggest is that your trades might fail as a result of
    regardless of your own. Some Swiss millionaire on a yacht decides
    to unload $10,000,000 on a Wednesday morning just to offset
    a tax burden and our trade moves south 200 pips -- does
    that imply we little men are failures? Does that make us losers?
    We did not even see that coming. We could not have.
    Bad trades should just be judged as errors in light of their
    information that has been available to us at the moment. We made the trade
    without knowing that Herr Von Moneybags was going to flooding
    the market on a whim.

    They say a Hall of Fame basketball participant misses 7 from 10 pitches.
    He fails to join seven times out of 10 -- he still gets into the HoF.
    Traders should not feel discouraged. Consider that home in
    Bel Air or deluxe condo in the South of France, and comprehend
    others are doing it. ...I'll throw in some posts in the event you
    wish to re-evaluate your egy.
    https://www.forexforum.co.za/attachm...2498023517.pdf
    https://www.forexforum.co.za/attachm...5197781243.pdf
    https://www.forexforum.co.za/attachm...2028217189.pdf
    https://www.forexforum.co.za/attachm...1174823675.pdf
    https://www.forexforum.co.za/attachm...2046065474.pdf

  7. #7
    Quote Originally Posted by ;
    I have felt what you're feeling, but I am driven with a really good carrot
    and a constantly-infuriating stick.

    I have been hooked since I read in Getting Started in Currency Trading
    that a single trade could rake in a profit of $60,000 US in less than
    [font=Georgia][size=3][color=darkred]2 days....
    Hi, thanks for sharing the systems, but I will like to say sth, hope it does not sound rude, but making 60k in 2 days does not mean that a thing does it? Even its a 1:20 Rtrade, u still want 300k in ur account before u can make that much? So it does not mean anything unless saying it with regards to pips

  8. #8
    Quote Originally Posted by ;
    Thank you for the answer, your best, I've been spending too much time again. My very best month this year (March) was when I told Belekas that I wasn't going to visit the forum for your month, and if he saw me on here he would call me out I spent the entire month focusing on my own trading only and not getting caught up in this garbage. Turned around a negative week and ended with a gain that was nice.

    Due to all the positive answers. Good luck to you.

    JJ
    Take it easy my friend and you will get there. Hard work and lots of patience reaches at the end. Because you have all the tools 13, Simply pay attention to your own path and decrease your time on the forums. Helped me so much I remmember.

    Regards.

  9. #9
    Quote Originally Posted by ;
    hope it does not sound rude, but making 60k in two days does not mean that a thing does it? Even its 1:20 Rtrade, u want 300k into ur account before u can make that much? So badly it does not mean anything unless u saying it in terms of pips
    Great point. I was sort of hoping people would go out and buy that book, but that would be asking a lot.

    1) The move discussed in the publiion was a 300-pip move.

    Two ) I hope to come up with my trades to the point where I actually have
    $300,000 or more in my bank. To be able to generate that kind of money,
    without having to work at an office environment full of bullshit and
    unworthy corporate pep talks, creates all the short-term hassle
    rewarding.

  10. #10
    Stick at it Jimmy, we've all been there. One thing however. Look to trading duration, most begin by trying to scalp to elevate a buck. Its a mugs game mostly - before I caught on, that I did it for long enough. You are here to earn money so concentrate on the process not the prize and the rewards will come.

    There's a wonderful line in the book I am currently reading,'Reminicences of a Stock Operator' from Edwin Lefervre, If a man didn't make mistakes he would have the world in a month. But if he didn't profit by his mistakes that he would not have a lucky thing.

    It was written in 1929. The more things change the more they stay the same.

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