Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

illcrx

Wondering Whether I Should Quit

Recommended Posts

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

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites
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

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites

Amazing how many people tell the addict to indulge. Sure have another hit, you can control this 800 lb gorilla anytime you want to, I say stop - halt !!. Your bottom is in - you never have to suffer like this again. Over trading is gambling and will lead complete destruction of capital, sleep, and soul and an lead to other addictions popping up like chain smoking, drinking 24x7, binging on food, etc. . Of course all the other gamblers will not want to see the crab crawl out of the cage without completely imploding the account first.

 

You can always dust yourself off and try this later. Look, I get it been there done that - and have all kinds of addictions I deal with. Go outside -turn off the puter. Find support from friends/family not some market snake skin oil person that needs your money.

 

Good luck to you. Turn off puter - tune into life

 

Aloha,

 

Dave

Share this post


Link to post
Share on other sites
Guest OILFXPRO
Quitting is what makes you a looser not the losses you have made; you have to stay back and continue trying; success may be steps away but you may have to take a total review of your trading strategy.

 

 

He came for advice , he might as well have gone to watering hole , at least god will water him with clean useful water.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Why not to simply connect you account to myfxbook which will collect all this data automatically for you? The process you described looks tedious and a bit obsolete but may work for you though.
    • The big breakthrough with AI right now is “natural language computing.”   Meaning, you can speak in natural language to a computer and it can go through huge data sets, make sense out of them, and speak back to you in natural language.   That alone is a huge breakthrough.   The next leg? AI agents. Where they don’t just speak back to you.   They take action. Here’s the definition I like best: an AI agent is an autonomous system that uses tools, memory, and context to accomplish goals that require multiple steps.   Everything from simple tasks (analyzing web traffic) to more complex goals (building executive briefings or optimizing websites).   They can:   > Reason across multiple steps.   >Use tools like a real assistant (Excel spreadsheets, budgeting apps, search engines, etc.)   > Remember things.   And AI agents are not islands. They talk to other agents.   They can collaborate. Specialized agents that excel at narrow tasks can communicate and amplify one another’s strengths—whether it’s reasoning, data processing, or real-time monitoring.   What it Looks Like You wake up one morning, drink your coffee, and tell your AI agent, “I need to save $500 a month.”   It gets to work.   First, it finds all your recurring subscriptions. Turns out you’re paying $8.99 for a streaming service you forgot you had.   It cancels it. Then it calls your internet provider, negotiates a lower bill, and saves you another $40. Finally, it finds you car insurance that’s $200 cheaper per year.   What used to take you hours—digging through statements, talking to customer service reps on hold for an hour, comparing plans—is done while you’re scrolling Twitter.   Another example: one agent tracks your home maintenance needs and gets information from a local weather-monitoring agent. Result: "Rain forecast next week - should we schedule gutter cleaning now?"   Another: an AI agent will plan your vacations (“Book me a week in Italy for under $2,000”), find the cheapest flights, and sort out hotels with a view.   It’ll remind you to pay bills, schedule doctor’s appointments, and track expenses so you’re not wondering where your paycheck went every month.   The old world gave you tools—Excel spreadsheets, search engines, budgeting apps. The new world gives you agents who do the work for you.   Don’t Get Too Scared (or Excited) Yet William Gibson famously said: "The future is already here – it's just not evenly distributed."   AI agents will distribute it. For decades, the tools that billionaires and corporations used to get ahead—personal assistants, financial advisors, lawyers—were out of reach for regular people.   AI agents could change that.   BUT, remember…   We’re in inning one.   AI agents have a ways to go.   They’re imperfect. They mess up. They need more defenses to get ready for prime time.   To be sure, AI is powerful, but it’s not a miracle worker. It’s great at helping humans solve problems, but it’s not going to replace all jobs overnight.   Instead of fearing AI, think of it as a tool to A.] save you time on boring stuff and B.] amplify what you’re already good at. Right now is the BEST time to start experimenting. It’s also the best time to find investments that will “make AI work for you”. Author: Chris Campbell (AltucherConfidential)   Profits from free accurate cryptos signals: https://www.predictmag.com/     
    • What a wild year.   AI seems to be appearing everywhere you look, Paris hosted a weird Olympics, unrest continues in the Middle East, the US endured a crazy-heated election, and the largest rocket ever to fly successfully landed in a giant pair of robot arms.   Okay, but what about the $money stuff?   Well, this year we've seen a load of uncertainty - inflation is still biting and many businesses have gone down.   Property has been very fractured, with developments becoming prohibitively expensive, while other markets have boomed.   It hasn't been an easy ride, that's for sure.   However, the stock market has had some outstanding results, and for those who know how to trade, some have done VERY well for themselves.   Some have replaced their incomes. Some have set themselves up for the rest of their days on this planet.   How about you? How did you go? Author: Louise Bedford    Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • U Unity Software stock watch, attempting to move higher off the 22.4 triple+ support area at https://stockconsultant.com/?U  
    • TSSI TSS stock, watch for an ascending triangle breakout above 11.49, target 15 area at https://stockconsultant.com/?TSSI
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.