1. HOW IT EATS A PERSON TO FAILURE
So I am sure we CeFi/Forex traders particularly have in turns experience this so many times that we get super duper frustrated. Infact, Some of us still experience it till date and not a bad wish but alot of us will continue experiencing it..
So I am sure we CeFi/Forex traders particularly have in turns experience this so many times that we get super duper frustrated. Infact, Some of us still experience it till date and not a bad wish but alot of us will continue experiencing it..
An individual decides to venture into the financial space learning the basics of how this system operates and practicing proper till consistent to an extent with his/her strategy. This can include trading demo accounts or purely basic analysis until that very day you finally. . .
finally decide to go in LIVE by funding your account and boom the real world and life in its magnitude hits you firm in the chest where you begin to make unprecedented losses and then, PLAYING PYSCHOLOGICAL PRANKS on what you basically know. You loose a lot or in a regrettable. .
way, blow your account to oblivion. You now decide to take a break and then retest, unlearn, relearn and boom. You see that you are doing well with your analysis proper and much better than you use to with more proven win rates and now you feel you is ready to go in again
to recover your losses and make that money you so crave for and boom again, your losses over shadow your wins and out of fear, revenge trading and FUD with improper application of risk managements and market psychology, you blow your account yet again. Rinse and repeat the same
process on and on. So in summary of your trading journey which is about to take a halt, You are profitable in a demo account with analysis hitting take profits right out the front door but a mess in a LIVE account. Now you are filled with self pity,
regrets and hate for what you basically don’t understand. Some leave with words like THIS SPACE IS NOT FOR ME and now run to other fields, others get depressed or maybe think suicides probably because they must have lost their money and some other funds belonging to people
The question is why begin a journey to later run away from? What is the guarantee that where you are running to still wont show you Hell and you run again? At this point, even if you feel there is a better field for you to venture in, you need to focus on. .
2. WHERE TO WORK THROUGH IT
This phase is usually the hardest as it requires discipline, dedication, relentless ambition towards the attitude of pessimism because a lot before you have done it and yes! A lot more will do it after you all that matters is your minds perception
This phase is usually the hardest as it requires discipline, dedication, relentless ambition towards the attitude of pessimism because a lot before you have done it and yes! A lot more will do it after you all that matters is your minds perception
towards success, reward and wealth from which your smart hard work will definitely pay off from if only you put in that drive of passion towards it. There were times where myself felt down below the weather that I often question myself if I actually I meant for this because the
because the market will definitely humble you no matter the strategy you use. It’s a PYSCHOLOGIAL PRANK it plays on all of us and preys on those keeping them captivity until redemption brings itself upward. Nothing better beats FRIENDS when I say friends,
I don’t mean people you casually know or is familiar with. The OXFORDS dictionary defines friends as someone who provides unconditional assistance without anticipating anything in return, a person whom you are vaguely or indirectly acquainted with which in laymen’s tongue.
“I gat your back always” so I say this again, are you supposedly FRIENDS actually your friends or people you casually know? Sit and ponder about this proper. Friends, Mentors,Tutors and Role models whom we have good relationships with will be you help out from such situation.
They help you with experiences, wise words, access, funds, teachings and a lot more to buttress upon. These set of people will be responsible for standing you up. Remember! No one gets up his feet unless he/she decides to just as the old saying says; you can force a horse to
the river but cant force it to drink. There was this time I felt humiliated by the crypto financial market. I was basically a spots trader as I was clearly profitable with it and was 100% contented with it but the market in almost 2years
has been going hare wire that I had to adopt the leverage trading and mahn! It showed me Hell but this is the life I have chosen, would I quit? I dare not. Had help from a few friends financially, market wise and working on the proper psychology to beat the markets
pranks it plays on us all traders to stay profitable and ensure the wins overshadow the losses. This will motivate anyone to overcome fear and fight these Pranks with better weapons. None the less even with a new strategy and all seems to work well, you got to
3. DECERN WHEN TO TAKE A PAUSE
I coined out a P5 rule – Proper Planning Prevents Poor Performance. A plan you should indulge in is one which should give u amplitude time for rest and work. Someone would ask what if during your ret time as a trader you see an opportunity to make
I coined out a P5 rule – Proper Planning Prevents Poor Performance. A plan you should indulge in is one which should give u amplitude time for rest and work. Someone would ask what if during your ret time as a trader you see an opportunity to make
money nko? Yes, such opportunities will definitely show themselves but when it comes coming up during your ret time what does that tell you? Adjust your work and rest time. Know when to trade, stay off the market and basically observe and watch thing play out..
a lot can be learnt by just observing because the market presents 1001 opportunities every hour. Pick one and capitalize on it and if you don’t see one? REST. We are all students of the market as we evolve and learn everyday.
Know that there is a lot more to making money and that includes a sound mind to make that money. You can Defi, Cefi, Ui/Ux design, Coding and all but not taking a pause to rest or observe other aspect of life keeps you super saturated and not always 100% effective as you should.
I see people say SLEEP IS ONLY FOR THE RICH. Hmm, I indulge you to read on what lack of sleep does to the brain then you will understand that even with your millions made without sleeping, same millions cannot cure.
You might be rugged from a project or hit 5 stop losses back-to-back doesn’t make you less than an experienced person good at his/her field, its just a bad day. Take some time off to do what ever it is your mind feels comfortable with,
take a recess and return, jot down where you made that error and work on it not to repeat it again and keep moving forward and know this, no optimism, hope, faith and doing things the right way smartly will ever go not rewarded. SELAH ♻️
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