Currently I am staring at my computer's screen after my 40 bucks loss (third consecutive time), allowing all my thoughts and feeling pass flow free. At the same time I am analyzing myself and asking:
Why? Is what I am doing pure gamble, pure luck?
My answer to that question is simple.
But it does not have to be that way.
We, people who trade blindfolded are curious why we don't catch anything, we then wonder why we get losses and after that, We then start to think maybe this is just a luck and life has put us in a bad spot.
We study , watch video lessons ,read a blog post or two and then we feel satisfied about ourselves thinking we are doing things right. We almost feel Tim is infront of us saying we are doing it right.
Those videolessons were hard to review through, so we then give ourselves a time to recover. The next day we wake up and instead of reviewing our notes, we decide is easier to watch morning news and relax ourselves.
We then calmly reach the computer, open level 2.
We see some stocks of our watchlist go up, others seem to have falled in to a cliff and other just seem to be hovering around.
We get surprised how some stocks we had in our watch go down when we had an hypothesis they would go up. We then start to feel we clearly are lacking education wise. But still we are still few minutes into the market and then we visualize ourselves feeling comfortable with a green trade in our profit chart. We see red, hovering around a specific level.
Maybe it is a dip buy?
We go in.
Pure luck based, pure gamble.
Few minutes pass. We are out with at 10% loss.
We then wonder why this happens. We agree with ourselves that we have to really go into a depth study research but when weekend arrives we prefer watching a movie and slack the entire day.
The thing is that I really think a big quantity of us have the motivation and the correct thoughts. We know what is the correct path of success, we know the steps we have the material. BUT we lack discipline. We lack recognizing our mistakes , take notes and studying for the correct amout of times.
Steven Dux and Roland Wolf, are not luck players. Neither all of Tim's best students. They are where they are because they paid the price of discipline. Roland Wold studies 17 hours a day, and Dux studies almost all day even when he is driving. We people who study 1-2 hours a day also being NOOBIES don't have any comparable knowledge to those guys that are really paying the price.
We don't necessarily have to start big in time, everyone can make a honest schedule that is intense but do-able. Also we can study intelligently, not just watching video lessons but categorazing them and start to make notes in the key big statements in patterns and strategies.
We can even create a really good quality notebook with a specific section for each pattern, and identify KEY ideas and rules.
The thing is that we, non profitable traders that visualize the things we can achieve with trading and wonder if we'll ever get there, have to stop wondering and grab our situation by the back and turn it over.
Key consistentprofit was never made by wondering. They were made by constant cuality work and patience. Succesful people understand this.
And so the question to you is
Will you keep wondering?
I made this blog post considering my own mistakes as a trader and my clear ineffience in my trading education. Maybe not everyone has the same mistakes I do, but i really thing this is an exposition of some common mistakes that are seenin the Chatroom.
Also to consider, 40 bucks is an important cuantity of money in my country so yeah, those losses really sting with me.
I hope this text was useful in a way for you! Keep working your ass off everyone I wish you the best!