Fellow Traders,
It's been a little over a week since I first started trading as a challenge student and it has been quite an experience for me thus far. I've been studying, training, preparing, and paper trading on STT since February of this year until July 14th when I actually started trading for real.
It's interesting how all the videos, webinars, blog posts etc. all talk about how to trade and the emotional aspect of the game but nothing could prepare me for what I would experience going into this with real money. The ball game is totally different and it all makes sense now about what Tim Sykes and all the other top traders were talking about. Unless and until you start trading with real money the emotional aspect won't kick in and that is a key thing to remember and respect and to never disregard it.
I feel like I have a decent understanding of the different play types and strategies but one thing that I have realized is that it's more difficult than you think about controlling your emotions and that has been the biggest hindrance for me so far. I always feel like there's a battle going on inside my head where the war is between Logic and Rationality vs. Emotions and Feelings. So far, my emotion and sentiment has had an upper hand and that is something that I'm working on changing since I cannot let that control my decisions in trading.
Another thing that has been like an invisible barrier for me is Fear which has been standing in front of me like a gatekeeper making me doubt myself. The battle inside my mind is by far the biggest challenge I feel that I have been experiencing as a newbie trader and working on controlling and keeping that in check will most likely be the biggest challenge I will face now in the beginning and possibly in the future as well.
I'm sure I'm not the only newbie trader that is feeling like this but I thought I'd share this with everyone and perhaps start a conversation where everyone can perhaps put in their thoughts and two cents about their own experiences and perhaps share their thoughts and ideas as to how they control their feelings and emotions when it comes to trading.
I will write another blog post like this once I'm one month in and see where I'm standing then in regards to this subject. Until then I have to keep fighting through this and keep myself disciplined and focused.
I wish everyone all the continued success in their trading and see you all in the chatroom.
Best Regards,
Avi (Avster85).
these tools online to learn strategies. 2 weeks ago, I reopened my account and deposited 9k, I bought DRYS at $2.32 and hold it for a day, the next day the stock dropped to $1.50 and I got out. Three days later the stock sank to 53cents, I was ready to place 13k shares at 55cents, but fear from the previous lost and the lack of strategies stopped me for buying it at 53cents. The next day DRYS passed the $3.00 line. That would have been a 40k profit. So, I am here to learn, I joined profily two d
Wow, sounds like you have been through a lot of ups and downs in trading. I hope you have been able to master your emotions now. I am still working on mine.
Cool
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