Coming soon - Get a detailed view of why an account is flagged as spam!
view details

This post has been de-listed

It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.

119
I'm starting to hate that I ever began trading.
Post Flair (click to view more posts with a particular flair)
Post Body

I'll preface by saying I could be a great trader. My support and resistance zones are spot on most of the time. My channels are great, I've watched prices bounce off them plenty of times.

I always, always, ALWAYS take profit too early.

My latest example is my short play on USDJPY. I knew BOJ was defending 150. I shorted at 150.4. I held for a while and it finally dropped to about 149.9. I sold my 1 lot. Why did I only have 1 lot? Well, it was channeling above 150 for some days and I figured maybe the aggressive bulls would somehow overpower the fucking government. Of course they didn't. It's at 149.6 now. I basically watched it drop from where I sold to where it was. Why? Not a great entry point.

I'm not a fundamental trader for the most part although this is a fundamental trade. I could've got back in. Last time 150 was defended on USDJPY it fell to 145~. I'm afraid of getting blown up. But any time I go heavy on a position I'm very confident in goes wrong. I'm never given a reason to be consistently sure of my positions in the market. I know not all of them will work out and I'm not blaming market makers. I'm just saying things always seem to go wrong at the right time to keep me from being able to throw money into a position and not care about the outcome.

Playing safe seems to be holding me back, but at the same time pullinhg the stops will definitely get me blown up.

Have any of you gone through this?

Comments

Went through this about 7 years ago. After you've been trading for about 10 years, you'll come to realize unless your algo trading, it's not much different than a casino / basic gambling. Tech analysis, fundamental analysis. It's all the same at the end of the day. You'll benefit your trading more from reading books on human psychology than anything else. I stopped trading about a year ago, I did come out far in green over all. I won't be trading again unless it's algorithmic to take the uncertainty and emotions / doubts / hopium out of my decisions.

Author
Account Strength
100%
Account Age
9 years
Verified Email
Yes
Verified Flair
No
Total Karma
53,329
Link Karma
8,188
Comment Karma
45,141
Profile updated: 6 days ago

Subreddit

Post Details

We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.
Posted
1 year ago