Just thought this might be an interesting read to some of you and might be of use to some traders who have not come to this realization.

 

A couple of years back I started this game and was determined to become profitable I said absolutely nothing will stop me and I will work SUPER hard, like a normal newbie usually thinks. I start trading and see the potential gains and think to myself wow if only I could trade all I want and with a lot more money. This leads me to sign up to a prop firm that gives you 10x your money to trade with. I borrowed 5k from my friend so I could day trade with 50k. As expected I lost it all within 2 months (I could not post those trades as it was from a prop firm add -5k to what I'm down here -_-). I said to myself I quit I am never doing this again, it's not possible to win.

 

Early this year after landing a decent job I started trading again saying I will give this another shot. My main goal at first was to just stay in the game for as long as possible so I can gather more experience. 

 

Now coming mid May and being down about another 10k from where I was when I started this year I have come to the realization that IT IS POSSIBLE to be a profitable trader, unfortunately I am just not fit for it. This game requires a certain type of strong psychology that I do not possess. I had my weeks were I was profitable but I could not keep it up for very long I got very bored and the gambler in me would take over the next week making me lose all the profits I made and then some.

 

To conclude, know yourself and stop if you see yourself in this cycle. You might not be fit for trading, not everyone is.

 

If there are any other big in the red guys here I'd like to know your thoughts.

 

Thanks guys