andycan
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welcome to our world of tradingmark twain uk said:I've read somewhere that comedy is when somebody dies drowning in a sewer, whilst tragedy is when you break a finger. In the same vein, I felt sorry before for people who got broke, but the feeling I got now is not something I would wish to go through ever again. And it's been caused by three things: the absence of a clear trading plan; adding to losing positions; and lack of discipline.
I suppose lack of discipline is the main cause, I know what I need to do but I don't do it. Why? Maybe I am not as clever as I thought I was and I am not cut out to be a trader. This is a very ruthless environment in which one cannot afford too many mistakes.
but without rubbing salt to your wounds the only one who is being ruthless is you
you are not giving yourself a fair chance you know what needs doing but you cant, you wont, you cant be bothered i dont know, only you do
could it be that maybe if you put in bloody hard work you could be successfull does that scare you? maybe? you would be surprised how many people sabbotage their efforts to suceed i can see it on these threads all the time.
you dont need intellect to trade and do well but you do need to be smart and adding to losing trades is not smart at this stage in your development there are stratergies for one to add to positions even when still losing but thats another story
discipline comes easier when you have a plan
i suggest with all the good intentions its meant, take a break you are burned out dont think of trading (buying and selling) dont look at a screen for 2 weeks
but whilst you are off think what is it you want out of trading and try and implement a plan based on your understanding of the markets
and take 1 step at a time