My Biggest Struggle As A Full Time Trader
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- Опубліковано 29 сер 2024
- Patience. This is something I've always struggled with my entire life. Hi, I'm Lisa Forex, an ex programmer and data scientist, recently turned forex trader and content creator.
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ABOUT LISA FOREX
Lisa Forex is a random person on the internet sharing her experiences and journey through the hurdles of Forex Trading.
Disclaimer: This is not financial advice. Please do your own analysis and testing. Forex is a high risk activity where you can lose all your money.
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This is just one of the many psychology lessons of trading. The only thing that could get me over this struggle is time and disciple, Accepting losses. Since you’re full time I’d recommend getting a part time job just to get you from behind your computer and not thinking about trading constantly.
Closing trades prematurely like you mention is a sign of FOMO (fear of missing out)
I know professional traders that still work jobs.
Congrats Lisa
Yeah, I personally feel that trades shouldn't be closed prematurely. You have a strategy with a set TP and SL. Need to accept there will be losses and commit to trades and don't hesitate. If you interfere with trades and close them early, it's not really any longer the strategy you back tested as now there was a change. Going forward will be a bit more inconsistent when trying to tell if your current strategies are working or not and what their average win rate and monthly profit is if you keep interfering. Just my opinion anyway. I don't think I have ever closed out a trade of mine early. Win or Lose I let the trade play out and know what my strategies win rate is etc.
agree! A lesson I need to keepn on learning as I mature as a trader. Thanks for the words of wisdom!
If you're doing it right trading should be boring. Annie Duke my buddy read her book she is a poker player. Traders and professional gamblers again, when doing it right it should be a grind. Percentages and probabilities but you already know that.
Yup, long journey of learning ahead.
Closing trades and watching for the outcome is something I also do and it's not a very good thing. If it works out, say you closed in the best place possible, you learn that the "wrong" behavior was good and you are basing that thought on 1 trade among thousands..... This is one of my hardest things to do, leave the EAs to do what they do.
yup, it's a learning journey
This is pure contradiction : on the one hand you claim to have a trading plan, and on the other you admit to hesitating to close a current trade or to let it go 🤷♂️🤦♂️😆
I'm not perfect
@@LisaForexx We are far from perfection, it is even the basis !!! And as a professional trader you should strive for perfection to survive in the financial markets
Very sensible !!!! Good luck Lisa.
Thank you!
Ah Patience...one of those Love/Hate relationships... As a Trader, I love the Biblical term for this from Galatians: "LONGSUFFERING". Seems to capture the sentiment better!
ahhaha nice!
It´s nice to see that we all have the same thoughts sometimes
We all make mistakes :) Trying to learn from them.
I liked it when you say "But I admit I did meddle with the robots"
lol thanks
שלום ליסה היקרה אני עוקב אחרייך מתחילת הערוץ ואני חושב לדעתי לעבוד עם רובוטים של מרטינגייל זה בזבוז כסף וזמן אני מציע להשקיע זמן ולמידה בפיתוח 2 רובוטים שונים שמתאימים לאישיות שלך וככה להגיע להישגים
Thanks for the tip. I have multiple different types of EAs in my portfolio.
Why not use a good signal group instead, where you have real traders analyzing the trades before placing them? It doesn't matter what kind of EA you use, because they behave the way they are programmed to behave. Or even better learn how to trade rather than spend thousands of hours with EA's just to earn some money!
Thanks, but I'm not interested in signal groups, or manual trading. Algorithmic trading suits my personality better.
@@LisaForexx eventually all manual traders revert to Algo trading.
Hii, I have a request. Please review Forex Jupiter.
Perhaps
What happened to your happy gold ea live test
it doesn't work on live accounts, just DEMO.
Don't touch 🙈 it Lisa often
Try to do something else extra if you can
Thanks. I keep myself busy with youtube.
@@LisaForexx thankyou
Are you trader???😮
Noob trader
@LisaForexx 😂. "Don't take my word for it. I'm a crazy random person on the internet" - Lisa Forex