Confessions of a trader

Like many people, I came to the world of Trading hoping to make money quickly, take some distance courses, opened a real account - so obviously loss and started my career in the difficult world of trading. It was not easy, many times I was about to leave, then resumed harder and win, but it was very difficult. It was the most difficult journey of my life, that more than 6 years ago, today I see wistfully that time, and whenever I have a chance to talk with rookies in the Trading, I will emphasize this in the Trading, the way it is difficult, it is hard, but the reward is great.

6 years ago I would have liked someone to advise me, to explain to me so much of the trading, but was not, in this market are few people who tell you things as they are, they are few who will paint the reality of the Trading with words. I try to do in these confessions, and I hope you. The note.

All that started in the world of Trading got thinking about getting the Holy strategy of great benefits, and leave aside certain "details", these details eventually reduce our real account to zero, what details I speak? Emotional control and adequate risk management, the neophytes in the Trading People tend to minimize these 2 components, but I here say that these two components are the most important of Trading, are the basis of success, a good strategy is ideal, but is achieved over time, technical skills are learned quickly, but learn emotional control and adequate risk management is an arduous task, is difficult and can take years to some and others a lifetime.

My students ask me if emotional control can be taught, I tell them they can not instill yes, but it is difficult to teach it all depends on the student, his willingness to absorb foreign experience and self-knowledge. Self-knowledge is basic, if you. It is not known, can never master Trading, to be successful consistently over time, you. Must know yourself, know your strengths and weaknesses in the Trading, and on that basis decide what kind Trader wants to be, to decide what you want to work time horizon. It is no easy task. To me cost me 2 years to understand this, I opened real accounts, lost own money, I operated in graphs 1 minute, 5 minutes, 15 minutes, 30 minutes, I had trouble closing the losing trades, I could hardly take losses, craning my stop loss, and turned losses of 30 pips in losses of 100 pips, also cost me close the winning trades, if was gaining 40 pips closed that operation, even if my system I do not indicate, in most cases gains 80 pips became 40pips just because of my anxiety.

What happened to me? Well, anxiety and fear dominated my Trading, eventually GOOD TRADING learned to do what is good Trading? Well, it is a point where the Trader does not flinch if you won or lost in an operation, which gives you the same gain 100pips or lose 50pips, finally after all are likely, is only interested in making good Trading and be disciplined with your system. Is it easy to get to this point? It is not, but does not have to cost you years and thousands of dollars, you can start by educating yourself, do not trust those who encourage you to open real accounts quickly, one must open a real single account and only if you feel really safe and when you have obtained consistent results after 4 to 6 months on demo accounts.

As I said, self-knowledge is the way to get to make good trading, it seems difficult, and it is. Most people entering the world of trading, they do it in hopes of winning a lot of money, the Trading attracts people who love risk and repels conservatives. Unfortunately risk lovers, they know not control their emotions in trading and end up devouring their accounts. Like a lover risk you can control your emotions? Here is a great contradiction, and is one of the reasons why there are so few winners Traders consistent over time. However, there are exceptions to the rule, some traders manage their emotions innately, others (most) learn to control their emotions with time and experience.

Some will say that I am very hard to speak so good is the fact that I lived in the Trading and hope you. Reader friend Ignore my words. And do not be swayed by advertising junk in which they talk about returns of 30%, 40%, 50% monthly, or those that make open real accounts quickly. Remember that the only person concerned about their well-being is you. And no one else, so educate yourself.

You. Must decide who you want to be, be a consistent loser, or go the way of GOOD TRADING, properly educate and enhance the characteristics of which have been mentioned. Of you. It depends its success or failure in the world of Trading.