So .... tonight , Trading from Australia each night. Over here the market in the USA begins for me at 11.30pm running till 6am. I also work part time and its hard to maintain work , home duties and trade all night into sunrise only to sleep 4 hours and begin my days routine.
The more I sit here night after night after night.... I realise my approach is wrong. I was learning to trade with my goal being to making money. BUT.... I realise I'm actually not here to make money. I'm here to learn how to trade.
I see no point in rushing off half assed making losses because I don't have the skill sets. Easy to think I do, put a trade in, based on the minimal skills I do have and expect I'm going to win each time. I did some very early awsum trades when I begun a few weeks ago, but I realise now they were based on nothing and just flukes.
So I came here tonight to learn something, my goal was to better analyses the stocks, do more research, put more work into qualifying a trade, then buy small and forget about making money.
I executed 4 trades, two paid off ( $1.00 each ) and two hang in the balance still. So I pegged two and I'm not exactly right on two. Better than last few days, now Ive pulled my head in and got some perspective.
Ill remain like this now, small trail runs, a buck here a buck there ( literally) win or lose till I get the patterns down pat, understand what tools I need to give me the edge, learn the art.
If that takes 9 - 12 months or more, so be it. Can I do that for a year or even longer? I do not know, its a tuff routine. But I can make some changes to lighten things up. I don't need to be trading every night 11pm to 6am for a start given Im learning, and I can better fit learning into a daytime routine.
I am not that rich I can gamble given I don't have the full picture as to whats going on. I will probably go back to paper trading to test my skills as I learn more.
Why use real money when learning, its nuts! I'm not here to make money, I'm here to learn how to trade. Its the best approach I can make, and fairest chance I can give to myself.
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