Mar 17 2009
Forex frustration? Are you giving up forex trading?
Today i will focus on a post about forex frustration with example.
” I managed to come out with a few pips for this week but I am very disappointed in myself
,
I dont like jumping in and out of positions, Ive worked hard to stop doing things like this…
It seems the lure of easy money is still there…I am very disappointed in myself!
A friend of mine has spent the week boasting about positions and his ability to see where the market is going, and I finally got fed up with it and told him to be humble”
Answer:
“I know the feeling and phenomenon. Well, it’s been a bit tricky going for a lot of folks I feel. I know it’s been for me, albeit mostly due to self-sabotage (great plan, manual botch up, wasting most profits…old story).
Just wanted to say that the fact that you notice this behavior and can see it also gives you the chance to work progressively against it. Find out when what “triggers” you and then find out in what ways you can prevent this.
Anything from just walking away to working out or doing a crossword or whatever. Just something to counter-act it.
If you’ve worked hard on it then I am convinced you will continue to work hard on it, since that work in itself is an investment you’re loathe to just give up, right?
Don’t be disappointed or disheartened. Use the frustration to strengthen your resolve to be more level-headed and disciplined in the future instead.
Ask yourself why you’re doing the bad things. Then ask yourself why you are here trading in the first place. Ask yourself what you want. Why you want it. What it’s “worth” to you. What it means to you.
Realize where you are in your value system with all this.
Get a path laid out. Look for your goals. Look for your way towards them. Have a reason. Know this reason. Keep it in mind, always. When wavering, remember. Write it down, put it on post its, write it on cardboard, hang it over your desk/TFT, whatever.
Know what you want. Know why you want it. Achieve it.
(…I admit I am once again saying 90% of this to myself..)
And as for your invincible friend, humble or not, no matter. He is of no importance to YOU or YOUR trading. YOU matter and nobody else.
Don’t spend thought, consideration and emotion on it/him while you’re still developing yourself. You might even consider a “cutoff” period so that you can FOCUS. Sometimes you need to be alone to be able to be with others again. Only after finding yourself you can be someone others can find again as well.
And before I go too Buddha-mystical I will just stop here. And allow me to say this wasn’t “your fault” alone , this is what I came around to after playing basketball with a friend today and thinking a lot about all of this for myself, too. “
So whats your take on forex frustration?
You gonna give up?
I bet you will say NO after you read the post above!







































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