[MadMarketScientist]

Originally Posted by illcrx »

One thing I see is that I need sell rules DAMN! Oh well its all a process, That'll be another post I guess.

You hit on a key concept. I have this exact same problem ... I enter trades with the best of them but am still lacking the discipline to exit trades properly. It almost seems like once I enter I think I'm done 'the trade' ... but in fact its just starting. And this is a beef I have with the newsletter guys, they give pretty good advice on what to buy and when, but never when to sell.

MMS

[illcrx]

Check out Chartpattern.com, hes pretty good with that.

[Forex Quant Chix]

im a new trader also.good to you coz sometimes you won on your trading. if you will compare to me im almost finish my money in trading i dont know im always guessing.im thinking to give up.

[illcrx]

Well ForexQuantChix post your story?

[Forex Quant Chix]

its a long story my friend. but to make it simplify..i started on researching of different websites in forex trade. hard to believe my self of all the contents i read still i dont understand what is forex and dont know how market works when it comes to currency. i keep asking to my professional friends who knows about this forex.but you know what most of them they always said that i will just only spend my money if i will not focus of what i am doing.some of the expert trader they told me to attend live coaching. to have a mentor in short. well i did that.now i started to learn. im still not expert hence im like a newly born baby in forex world.my main question in forex is..how to buy and sell without guessing? i asked also my coach. he said he can answer my question anytime he want but how can he answer my question if even the chinese stick dont know how to do it and dont know how to read numbers. please help me.i want instant money

[illcrx]

I can guarantee you instant money........quit trading and you wont loose any.

OR study everything about your market and about different styles of trading. It takes 10,000 hours (im told) to end up being professional at something. Stock market, or forex, is no different.

Another thing, if you want instant money then to look for change in the street, thats instant money. Instant is a one time thing and money does not imply the amount of money you want ,so your statement makes no sense, hence YOU WILL LOOSE.

Its sounding like you have delusions of grandeur and if your going to trade with that attitude just send me your money, at least it'll go to a good cause and you wont be frustrated afterwards.

If you goal is to trade for a living, go listen to your mentor and do everything he tells you. If your not comfortable with what hes telling you then get another one if you have that option. Or teach yourself, but its a very bumpy road.

[Forex Quant Chix]

Originally Posted by illcrx »

I can guarantee you instant money........quit trading and you wont loose any.

OR study everything about your market and about different styles of trading. It takes 10,000 hours (im told) to end up being professional at something. Stock market, or forex, is no different.

Another thing, if you want instant money then to look for change in the street, thats instant money. Instant is a one time thing and money does not imply the amount of money you want ,so your statement makes no sense, hence YOU WILL LOOSE.

Its sounding like you have delusions of grandeur and if your going to trade with that attitude just send me your money, at least it'll go to a good cause and you wont be frustrated afterwards.

If you goal is to trade for a living, go listen to your mentor and do everything he tells you. If your not comfortable with what hes telling you then get another one if you have that option. Or teach yourself, but its a very bumpy road.

thank you for your advice ur so nice to me..well i just get back to this forum..goodnews i finished my class and im doing my job very well.so wonderful..i thankful to my coach hes really my masterpiece

[MightyMouse]

Originally Posted by illcrx »

I had a REALLY bad day yesterday, one of those days where it feels like nothing goes right and where things that should go wrong go horribly wrong, one that just pisses you off to no end!

Well those days I use as reflective days, I wasn't trading by the way.

One of the things I thought of was whether I should trade anymore or quit and just invest in mutual funds. I have made no money from trading and apparently I am addicted to over-trading. I mean really addicted to over-trading. I know this effects many people and Im wondering if anyone has overcome this to successfully trade and make a living or at least grow your Roth IRA?

I will always get in too early before a daily trend line break, then out after it crosses a 5 minute level of support, without breaking out. Sometimes during the same day sometimes during the 2-3 days following my entry. Also I seem to move my attention away from the leader stocks while they are "boringly" basing, obviously I know I do this yes it persists. Like everyone on here Im a good stock picker but a horrible trader, I know I am doing this wrong and for some reason I cant get it right! I have no written strategy, I have no written trading log and no money management policy and I understand that all of this goes against good practices, I really just wonder why I cant get it straight! This last go around was with fake money and I said I wasnt going to trade until I took that 50k to 1 million, see how unrealistic that is!

I am big on beating myself up and am my own worst critic at the same time I know I am capable of great things, maybe stock trading just isn't one of them?

Has anyone gone through something similar?

Let's say that you have an overnight transformation from the trader you are to a trader that can consistently earn 5% to 15% a year. With the capital you have, can you survive with that return? if you can't, then you have your answer.