If you cannot afford to lose the money you are investing, i can guarantee that you will never success in Forex. Scared money never wins. You will be always thinking about money. If you are planning to invest with your retired money or your daddy’s money, take my advice and come out NOW. As i have mentioned in my previous post, i have been working a lot with psychology. I have finally come to realize, my problem is in mindset. Nowhere else.
I have a winning strategy. Execution of my plan is almost perfect. Everything looks ok on paper but why I’m still not consistently profiting ? Only reason that i could find that i have never worked on my mind. I have been reading and listening a lot of Mike Douglas stuff and it seems this was the missing bolt in my trading machine. I have started to see things in a different way now days. It is really a long journey.
Practice does not make ppl perfect, but perfect practice makes ppl perfect.
So with my trading plan, proper strategy and sharp mindset , i have a feeling I’m on my way. I’m learning to become a pro trader very soon. So far this year has been good. Although i couldn’t make many pips but I’m almost on a break event. Last year, the first 6th month, i have lost a lot of pips but this year it seems I’m almost on a break even which i consider as WIN.
Consistency you seek is in your mind, not in the market.
We have to understand that, anything can happen. #weneverknow. As Douglas said, you don’t need to know what is going to happen in the market in order to make money. I truly believe this. As a trader, we never know what is going to happen. If we don’t know what is going to happen, why bother ? Just follow the trading process under a controlled environment.
Need to live with “uncertainty ” to the point where it should not affect us at all.
I have my cutoff period. So till then just keep processing my plan. I’m not worried about loss.