timsk
Legendary member
- Messages
- 8,727
- Likes
- 3,424
Welcome to trading! We've all been there and some of us still are at times!trying to make sense of the markets and what works and doesn't that it just seems like it'd be a lot smarter to take the 0.01% from a bank and quit?
Not looking for any particular advice, just venting a little bit.
Yes, lots of things work I recon, but it's my discipline that make things not work for me most of the time.
itspossible
Senior member
- Messages
- 2,796
- Likes
- 570
:clap:trying to make sense of the markets and what works and doesn't that it just seems like it'd be a lot smarter to take the 0.01% from a bank and quit?
Not looking for any particular advice, just venting a little bit.
I gave it 5yrs and done that mate.i tried 2yrs of grinding poker aswell.
Pat Riley
Established member
- Messages
- 794
- Likes
- 178
When you've finished venting, take yer money and put it to work in something you feel good about. It's not trading, is it.trying to make sense of the markets and what works and doesn't that it just seems like it'd be a lot smarter to take the 0.01% from a bank and quit?
Not looking for any particular advice, just venting a little bit.
Its not that I don't enjoy trading. I enjoy the challenge. I enjoy the learning. Just the past week or so have been full of me reading articles and feeling like I've read it before but it still isn't clear to me.
This is exacerbated by unrelated frustrations in my professional life. If you've ever dealt with a PCI DSS audit then you know what I'm talking about and feel my pain.
Its just been one of THOSE weeks.
Being completely honest with myself. I do enjoy the process of trading and the learning it requires. I just wish I were at the point where some actual trading was going on, not just learning about it.
This is exacerbated by unrelated frustrations in my professional life. If you've ever dealt with a PCI DSS audit then you know what I'm talking about and feel my pain.
Its just been one of THOSE weeks.
Being completely honest with myself. I do enjoy the process of trading and the learning it requires. I just wish I were at the point where some actual trading was going on, not just learning about it.
It is totally true, trading can be very much frustrating sometimes, specially during the learning phase. You just need to have more patience. If you're really enjoying trading then gaining a good knowledge you will be soon at the point you wish to be right now.
trying to make sense of the markets and what works and doesn't that it just seems like it'd be a lot smarter to take the 0.01% from a bank and quit?
Not looking for any particular advice, just venting a little bit.
You really need to find someone who is making more money than not, at this game, and if you're even luckier they may mentor you, so you can learn from them. Frankly, there is no better way to learn.
tokyojoe
Established member
- Messages
- 880
- Likes
- 290
I've been frustrated through the different learning cycles, but I see them as the natural human emotions of going through the process of learning a new skill. Hit a wall, find out why, move on.
I have a major problem with price quotes at the moment, my platform deal through chart often clears itself, i.e clears the price & stop for no apparent reason at key times, so I re set them & of course focus is stolen (& no it's not my imagination) I do all the appropriate things, clear cache every day, use chrome, have good machines with nothing other than the platform running on one of them, good uninterrupted connection, good security etc etc.
I have sent various emails & feedback to IG basically telling them this is blatant bad behaviour, I feel like I'm being monitored, I am not naive, I know this is a dog eat dog industry.
I often get delayed execution now, press buy/sell.........nothing..........then in, it's beginning to make me mistrust current provider IG. I am not trading with size, so I am not some £2k per point madman that will cause them concern.
However I sort of disagree with the comment above (fair enough as it is) re "put your money elsewhere". Ok quit if you have been at it for an unreasonable amount of time & sitting in your pants back in your Mums spare bedroom wondering where it all went wrong, fair play, then quit. For many people they may not have the time or resources to really get under the skin of this business, then maybe find something else more worthwhile to do.
We must remember one very important fact, there is probably no harder way for a person from a 1st world wealthy country to make easy money every day, a retail trader is massively disadvantaged, with a lack of basically everything.
There are "point & click" traders in India having it on toast, because they had adapted to their available conditions & used their nouse to become wealthy, or wealthier.
I see it as a business & for me it must be treated as such. How many restaurants/shops etc go bust in no time, with all the time & effort put into setting them up, at least with this game the overheads are basically your time & the amount of money you are willing to throw at it while learning.
I lost my head once last year after my "I am the dogs b@ll@cks" moment, got up & realised what I'd blindly walked myself into, learned, moved on.
I have a major problem with price quotes at the moment, my platform deal through chart often clears itself, i.e clears the price & stop for no apparent reason at key times, so I re set them & of course focus is stolen (& no it's not my imagination) I do all the appropriate things, clear cache every day, use chrome, have good machines with nothing other than the platform running on one of them, good uninterrupted connection, good security etc etc.
I have sent various emails & feedback to IG basically telling them this is blatant bad behaviour, I feel like I'm being monitored, I am not naive, I know this is a dog eat dog industry.
I often get delayed execution now, press buy/sell.........nothing..........then in, it's beginning to make me mistrust current provider IG. I am not trading with size, so I am not some £2k per point madman that will cause them concern.
However I sort of disagree with the comment above (fair enough as it is) re "put your money elsewhere". Ok quit if you have been at it for an unreasonable amount of time & sitting in your pants back in your Mums spare bedroom wondering where it all went wrong, fair play, then quit. For many people they may not have the time or resources to really get under the skin of this business, then maybe find something else more worthwhile to do.
We must remember one very important fact, there is probably no harder way for a person from a 1st world wealthy country to make easy money every day, a retail trader is massively disadvantaged, with a lack of basically everything.
There are "point & click" traders in India having it on toast, because they had adapted to their available conditions & used their nouse to become wealthy, or wealthier.
I see it as a business & for me it must be treated as such. How many restaurants/shops etc go bust in no time, with all the time & effort put into setting them up, at least with this game the overheads are basically your time & the amount of money you are willing to throw at it while learning.
I lost my head once last year after my "I am the dogs b@ll@cks" moment, got up & realised what I'd blindly walked myself into, learned, moved on.
timsk
Legendary member
- Messages
- 8,727
- Likes
- 3,424
Care to expand on that - someone here may have the answer or solution you're looking for. Failing that, they may be able to point you in the right direction.
Tim.
NVP
Guest Author
- Messages
- 37,936
- Likes
- 2,144
trying to make sense of the markets and what works and doesn't that it just seems like it'd be a lot smarter to take the 0.01% from a bank and quit?
Not looking for any particular advice, just venting a little bit.
you mean a positive interest rate ?..............buddy wait a little longer.........we will be paying them soon to store our money
N
NVP
Guest Author
- Messages
- 37,936
- Likes
- 2,144
dude - its just like any profession or business or apprenticeship
it takes years to learn and a lot of knocks along the way - and no guarantees at the end
if you do make the journey and eventually deliver consistent profitability then hats off to you .........aside from a little (or lot) of cash in the bank you will feel a lot of pride in your achievement and being a member of the few that win out in the end .........that's actually priceless in terms of self fulfilment and kudos internally.....no one need ever know aside from the loved ones you get to share it with and enjoy life more....
your call dude ...........your call........don't give up if you believe in yourself ....make the journey :smart:
N
Abeer Saba
Junior member
- Messages
- 29
- Likes
- 1
Hello NH538DB8
the thing about trading its an easy complex field, we all remember the 1st feeling we got when we 1st have looked to the markets, being said that the key for long term existing in this field its not about who earns money more no, its about who committed to what markets could throw you in, human psychology & emotions are natural to have frustration you will never learn till you fail your way to success that's a golden rule over there , take mastering math for example its long frustration journey to be master in but in the end of the road you will reach your goals if you only committed to your trading and disciplined yourself habits .
i am guilty of emotions control myself & we all agree on that no matter what we do we still humans
the key is not to fall is to pick your self up and learn from it, the 1st key to master fx ( which i wish i knew years earlier ) is to control emotions & trade with mind only, there's a video on YouTube called " Trading Emotions & Psychology Forex The Secret of Getting a Winning Psychology " i tried to post it over here but made the graph big, anyway you can post the name of it above in YouTube and see it, it did opened my eyes to why 90% fail in fx .
regards the learning take your time do not rush but try to put more practice to every method you learn on demo, some says demo doesn't teach you anything since you are not trading real equity its true if you don't treat it as a live , the key of practicing the new trading method on demo is only to see if it will work in various live market times if it showed positive results then try it on a live with literally small risk as 0.01 per pip on small account, do not feel over excited when it works ( remember emotions ) still see if it will work in worst market conditions .
i will be happy to help if you have other questions & complaints , Good Luck .
the thing about trading its an easy complex field, we all remember the 1st feeling we got when we 1st have looked to the markets, being said that the key for long term existing in this field its not about who earns money more no, its about who committed to what markets could throw you in, human psychology & emotions are natural to have frustration you will never learn till you fail your way to success that's a golden rule over there , take mastering math for example its long frustration journey to be master in but in the end of the road you will reach your goals if you only committed to your trading and disciplined yourself habits .
i am guilty of emotions control myself & we all agree on that no matter what we do we still humans
the key is not to fall is to pick your self up and learn from it, the 1st key to master fx ( which i wish i knew years earlier ) is to control emotions & trade with mind only, there's a video on YouTube called " Trading Emotions & Psychology Forex The Secret of Getting a Winning Psychology " i tried to post it over here but made the graph big, anyway you can post the name of it above in YouTube and see it, it did opened my eyes to why 90% fail in fx .
regards the learning take your time do not rush but try to put more practice to every method you learn on demo, some says demo doesn't teach you anything since you are not trading real equity its true if you don't treat it as a live , the key of practicing the new trading method on demo is only to see if it will work in various live market times if it showed positive results then try it on a live with literally small risk as 0.01 per pip on small account, do not feel over excited when it works ( remember emotions ) still see if it will work in worst market conditions .
i will be happy to help if you have other questions & complaints , Good Luck .
