Sunday, 8 May 2016

TRADING PSYCHOLOGY - REVENGE! SEARCH FOR THE HOLY GRAIL

Hello everyone this is the 2nd part of my story as a struggling trader.

The first part is the "start at the wrong way"

Now this is the 2nd part, the search for holy grail.

Since I don't have a proper mentor or coach, I always google for some sort of system or paid subscription looking for something that will give me profits in forex trading.

I will list all that I can remember subscription that I can remember:
-harmonic trading subscription, they send signals when there is a pattern appear on all pairs
-market analysis, everyday they will send you email about they forecast about the market, they will tell you the price to enter and SL and TP.
-I also subscribe and study well the Elliot wave theory, they will post everyday on how they read the market, with labels of Elliot wave points.
-I subscribe on MQL5, i remember i choose this signal since I saw 100% on one month of his trade, hahaha I'm laughing right now how I search for this system.

I heard some stories of successful traders that they've gone thru the SYSTEM HOPING.

I wish I heard their stories before I trade, so that I eliminate this part in my pursuit to become successful trader.

It is really a life long lesson for me, but then I still realize how lucky I am, because some traders took them 5 to 10 years or more before they come to the point they realize they are profitable trader.

For some of you reading this and if you're a beginner and struggling please please please I hope I can help you by telling my own story on what I did wrong.

So the LESSON of the  story:
-THERE'S NO PERFECT SYSTEM IN TRADING, whether FOREX/STOCKS etc.
-LOOK FOR A SYSTEM THAT WILL WORK FOR YOU AND YOU FEEL TO USE FOR THE ENTIRE  TRADING CAREER, AND HAVE PATIENCE ON OPTIMIZING IT, DO THE BACKTESTING,FORWARDTESTING, AND RUN ON DEMO, THEN RUN ON LIVE ACCOUNT YOUR SYSTEM. WHETHER YOU TRADE MANUALLY OR USING A ROBOT(time and patience is your investment here)
-LOOK FOR A MENTOR, IF POSSIBLE A REAL MENTOR NOT JUST SOMEONE YOU FOUND ONLINE I THINK THIS IS POWERFUL.

I believe there are hundreds or thousand of system, that you can use on different instrument at different timeframe.

REMEMBER THAT IF THERE'S REALLY A SYSTEM THAT WORKS 100% AND MAKE YOU RICH IN A DAYS WEEKS OR YEARS THEN I THINK ALL OF THE TRADERS WILL USE IT!

The holy grail in trading  is patience, knowing your system, you know the strength and weakness of the system, sticking to it until it gives you positive results, journaling.

I struggled to become a forex trader, i made mistake, i started on the wrong way but because I did not quit, I did not give up then I found my own holy grail. You will find it to yourself. The time when the AHA moment comes to you. Just don't give up, do forex trading is a real business.

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