Saturday, December 11, 2010

Look at the time....and date!

Thought this year I can be a successful trader at the end of it but now looking back at all the screw-ups and depleted trading funds ( forex and stocks ), just cannot help but to feel "sad".

There are some lessons to be learned from all these bad situations....first thing is not to set any daily profit target becoz in doing so is to force self to trade even when no clear set-up in the charts. So....when started to loose money, tend to over analyized what wrong then totally start to loose self confidence which caused more stresses to self.

Then the self bashing started to set-in which resulted in having the depression and the "rotten" feeling of it all. Plus also having suicidial thoughts which was really the "pits". Luckily....slowly I was able to see thru the whole picture and slow down the trading therefore the losses. At the same time....look for advices via the net and friends. Now....slowly starting back over again and felt good to trade "small" again. So...for the past month, I was able to have small gains plus starting to have my self confidence back too.

Now with better money management and trading small....I hope to slowly get back on my feet again and will happily trade on part-time basis, less stress and also happier to trade win or loose. Believed...in a longer run, I can be a more succussful trader too. Btw success now to me may not mean to make big money daily....but to be able to enjoy trading and can make some coffee money without all the stresses. That would be just fine, better
if can made back the course fees.

2 comments:

wINtoTo N aLSo 4D...yEAh! said...

haha....back to be bad habit of setting targets, yes....it is fine since it is an open target. eg making back the course fees plus some coffee money with no fixed dates or deadlines.

wINtoTo N aLSo 4D...yEAh! said...

Yes....in all adventures, must be able to set a goal so that with a plan I can go about to achieve the result.

POWER lei!

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tO hAVe FuN wiTH mY liFe aND aLsO wAnT mY loVED oNeS tO hAVE tHE SaME tOO. :) bUt iN rEAL LiFe tHaT sHouLd bE sOOn.