How do you learn to trust yourself in trading? | Page 6 | Metals Mine

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How do you learn to trust yourself in trading?

  • #101
  • Sep 14, 2019 8:16am Sep 14, 2019 8:16am
Quoting MoneyZilla
{quote} It usually takes 20 years. It took me 20 years to multiply over 1,500 times my starting capital back then... That is hardly 500%. It is more like 150,000%. I think this is what most poor people like me would target at, to start with. I used to be a semi-homeless for 2 years, from 20 to 22...

You are incorrigible monkeyZ..!!

I became a good christian... almost!
  • #102
  • Sep 14, 2019 8:52am Sep 14, 2019 8:52am
Quoting HeyYou
{quote} You are incorrigible monkeyZ..!! I became a good christian... almost!
In the US prisons, only 2% of the prisoners are Atheists. 78% of the prisoners are christians. The rest are other theists... Sounds a very bright idea to me, if you could let religion go pass around you and give it a nice kick, so it can go away quicker?
Maadik Hugiis. IQ 69.
  • #103
  • Sep 21, 2019 9:28am Sep 21, 2019 9:28am
"Don't give up ... resist .... think positive, be optimistic, dream big, meet people, do good, read more, work hard, make dreams come true, build the future, stay focused, love more, live intensely".
  • #104
  • Sep 22, 2019 6:00am Sep 22, 2019 6:00am
Quoting Marcieny
"Don't give up ... resist .... think positive, be optimistic, dream big, meet people, do good, read more, work hard, make dreams come true, build the future, stay focused, love more, live intensely".
Well said and here enclosed some personal motivation WHY I trade also.

Your comments help me.

We are here to learn from each other

Attached File(s)
File Type: docx summary motivation cv forex who am I not.docx   19 KB | 698 downloads
A new consciousness for Humanity?
Being now: Are WE a Holy Grail? Return Today: na
  • #105
  • Sep 22, 2019 10:34am Sep 22, 2019 10:34am
Quoting MoneyZilla
{quote} In the US prisons, only 2% of the prisoners are Atheists. 78% of the prisoners are christians. The rest are other theists... Sounds a very bright idea to me, if you could let religion go pass around you and give it a nice kick, so it can go away quicker?

And in India 80% of the prisoners are hindu

Was just kidding man... we actually need to be good PIRATES rather than Christians.
  • #106
  • Sep 22, 2019 4:19pm Sep 22, 2019 4:19pm
Quoting HeyYou
{quote} And in India 80% of the prisoners are hindu Was just kidding man... we actually need to be good PIRATES rather than Christians.
Not kidding here.

Humans default setting is non-theist.

As it comes by The Factory and is exclusively set by The Factory.

Babies and kids do not recognize any religion, until one day some brainless adult shapes their brains the wrong way...

"Religion was invented when the first con man met the first fool."
Mark Twain
Maadik Hugiis. IQ 69.
  • #107
  • Sep 22, 2019 5:18pm Sep 22, 2019 5:18pm
answering to the op title question

by having a system in place and DOING IT not watching it. just doing it over and over , you'll get confidence, trust me
The risk is what gives value to an investment.
  • #108
  • Sep 23, 2019 9:26am Sep 23, 2019 9:26am
Rely on a system or approach and stay consistent. The fastest way to lose confidence is to rely too heavily on emotional reactions or trying different strategies. It is easier to tweak systems and improve over time when you are sticking to the plan or changing the plan systematically.
If in doubt, paddle out!
  • #109
  • Sep 23, 2019 9:34am Sep 23, 2019 9:34am
Hiren garasondia---intraday and weekly strategy for silver


sell silver $18.680-$18.710 range

and keep r1 $18.920

and wait s1 $18.010
and wait s2 $17.950
and wait s3 $17.850......tgt in this week
  • #110
  • Sep 23, 2019 1:53pm Sep 23, 2019 1:53pm
The closest to TRUST comes when you WITHDRAW profits... It is the greatest feeling, it is like...
But the thing is, you should never trust the markets... The ones that got their ass.. drilled the most are the ones that try to DRINK from the profit river as they go...
Increasing fixed costs.... not to mentioned getting into debt... paying with (temp) profits...

If I would know a trader that say he TRUSTS anything... I would WITHDRAW everything till the last cent from him..
TRUST, SURE etc.. are shit words in this racket..

The best one can hope for is to COMPARE prediction vs reality... ADJUST... Earn asap and PARK the money somewhere... not treat it as a salary..
Some get 100k profit, for sure.. but if they treat is a salary (adjusting status/comfort/fixed_costs to it).. they might be flipping burgers soon...
I would advise to PILE up profits.. and lower down the fixed costs... aka increasing FU position... independence...

And even if ones is not profitable... I would advise to break down the trades into like: price prediction, trend prediction, risk management, tp/sl/leverage levels..
was there anything you got it right? Are you sure? Apply some math-stat methods to verify.. or hire/ask someone to do it for you...
If you get like 3-5 sigma certainty... than you should GROW some BALLS for REAL trading.. because you might have something! But still do not TRUST it (completely), ever.. because you might expose/(over)leverage yourself... one trade too many and be BUST..



My 2b
Can you afford to take that chance?
  • #111
  • Oct 24, 2019 11:27am Oct 24, 2019 11:27am
And................

today's quote:

Success is simply a matter of luck........

Ask any failure

A new consciousness for Humanity?
Being now: Are WE a Holy Grail? Return Today: na
  • #112
  • Oct 24, 2019 10:16pm Oct 24, 2019 10:16pm
I don't trust myself at all lol... but I trust my trading plan
  • #113
  • Oct 30, 2019 4:58am Oct 30, 2019 4:58am
Well i used to think even if i incur a loss, i’ll learn something from it. that’s what kept me going honestly. However i made sure i don’t risk too much so that my losses are limited to the amount i can bear.
  • #114
  • Oct 30, 2019 11:11am Oct 30, 2019 11:11am
https://moneyrevealed.com/trailer/

Does this help?
A new consciousness for Humanity?
Being now: Are WE a Holy Grail? Return Today: na
  • #115
  • Oct 31, 2019 3:01am Oct 31, 2019 3:01am
Quoting ChopinTrader
I don't trust myself at all lol... but I trust my trading plan
Lol, that’s the main thing required.
  • #116
  • Oct 31, 2019 6:13am Oct 31, 2019 6:13am
Quoting auricforecas
{quote} You hit the nail there... People are trying to solve certain issues that are not (just) trading specific, but are part of the greater picture... Trading (at least the real one, not just filling positions, reselling, market making...) is the ultimate test of anyones limits and personality... That is why I always stress that we should breakdown trading to components.. because FEW people are able to be almost perfect at everything... The main 3 components I would extract from anyone(s) (system) is price prediction, risk management and personality......
Great comment AF. Thanks
A new consciousness for Humanity?
Being now: Are WE a Holy Grail? Return Today: na
  • #117
  • Oct 31, 2019 7:10am Oct 31, 2019 7:10am
THE quote for the end of this week in October

When you want to change you encounter an overwhelming force of Resistance,

which manifests itself in many ways - sabotage/self-destructive/depression/anger/revenge etc. behavior -

and is directly proportional to the magnitude of the change you are trying to make......


.


So if you want to shine in the 5% elite of the consistently succeeding wealthy forex traders, expect massive resistance of your un/subconscious.

I am still struggling >12 years and +100K loss.......

And for me it is worth the price to pay.......
A new consciousness for Humanity?
Being now: Are WE a Holy Grail? Return Today: na
  • #118
  • Oct 31, 2019 8:26am Oct 31, 2019 8:26am
focus on consistency instead of how many percent in a month.most people who lost money are those who set target of how much they must make each day or month their by putting themselves in unnecessary trading pressure which results to indiscipline.

regard
  • #119
  • Nov 1, 2019 6:38am Nov 1, 2019 6:38am
Quoting forexoracle1
focus on consistency instead of how many percent in a month.most people who lost money are those who set target of how much they must make each day or month their by putting themselves in unnecessary trading pressure which results to indiscipline. regard
True, this is what traders are going wrong at. Numbers matter most for them and that’s wrong.
  • #120
  • Nov 1, 2019 2:02pm Nov 1, 2019 2:02pm
Quoting Harry6
THE quote for the end of this week in October When you want to change you encounter an overwhelming force of Resistance
So true Harry! Gotta keep your eyes open and mind clear to not let the past clutter the path to the future. The resistance within us all can blind us to the opportunities. With trading, you can rely on what has happened before, but you have to look at how the landscape is unfolding in the present moment.
Attached Image (click to enlarge)
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If in doubt, paddle out!
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