Want to be a Successful Trader? Know Your Stuff, but Cant Execute? Good, than your in the same boat as me.
I've been studying stocks religiously for over a year, watched Tim's DVD's and hundreds of video lessons as well as subscribed to TimAlerts. I watch the markets and predict moves time and time again. I also spreadsheet current market conditions/ what plays are working. I've got a small account, less than $1000, and I've been trying to grow it. I've got the brains, but don't seem to have the balls. Even when i predict really high odds trades i don't execute, for some reason the cynic in me takes over and says "your gonna lose money, forget it" Even when I'm willing to lose, just to pay for that valuable lesson. Its a fucked up position to be in.
What I've learned so far studying success of others is that you need to have some accountability. You may have the time, money and knowledge but someone needs to hold you accountable to get shit done, if you're having trouble doing it yourself.
I live in Canada and cant link my brokerage to Profit.ly, but i post a blog for every trade i do honestly. No bullshit hiding your failures. Now if your reading this and your in a similar position as me, comment below and let's hold each other accountable. I don't care if your part-time, full-time, guy, girl, whatever. Sometimes on your journey to financial independence, and living the life you want, you need some help. Let me know if you need help and let's make some goddamn money, that's what this Profit.ly community is about.
Cheers,
Tom
Hey Tom, i too live in Canada and am in practically the same boat as you. More often than not i do not pull the trigger out of fear as i have had some considerable losses on my small account. This fear is impeding on my success, and when i do pull the trigger it is to revenge trade for the fact that i did not get into said winning stock and i get emotional. I would love to check out your blog as i have been reading up on the psychological side of trading and how to overcome the emotions to trad
u should be a trend traders, or swing traders for example. I did 2 trades , both on breakouts with volume + pattern. and both went green. I'm also start with 920$. now im close to 1000$ within 2 trades. U need to understand psyhology of other traders , have ur plan and discipline. and there is more chances to success.
theodore by post blog i meant just on profit.ly blog posts lol i dont have a seperate blog, and yeah trying to react appropriately without chasing is tough. TakeMoney i have thought of being a swing trader but i'm a part-time trader and i find it would be difficult for me to go to university and spend the the rest of my day without having to check on the stock, and personally my strategies are centered on day-trading which i feel is best for me. As well i have no issues with creating a plan, i
@bashyal_sanjeev , lets chat ,
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