August Wheeler

It's Saturday, and the Markets are closed. Other than being a lurker here, I completely avoid the charts. The goal of trading is to be free after all. @Stacey Crews recent post got me thinking about some questions... 1. For successful traders, what habits did you change, and what qualities did you achieve in order for you to be successful? 2. For NOT YET successful traders, what do you want to work on in order to become a successful trader? What hindrances do you see that might prevent you from becoming a successful trader? Personally, willing to be okay with losses was a game-changer for me. It allowed me to stop sabotaging my trades, which would sabotage my mental state and emotion, which would sabotage my adherence to my strategy and my risk risk management rules. Not being okay with losses causes a butterfly effect. Once I became okay with losses, I became a successful trader. Feel free to share your responses to either questions in the comment below. Who knows... your response might help someone out there 😉

New comment Jul 14

August Wheeler

7 likes • Feb 9

As a new trader my journey has looked something like this. I found that for me controlling my emotions/FOMO was the most important component to focus on. Learning the tech behind reading charts was pointless if your emotions get in the way. It's been interesting how the emotional challenge resurfaces as I have progressed through the following stages. Paper Trading - When I started paper trading it took a while for me to relax and get beyond the adrenaline and emotions. I found myself hovering over trades and always wanting to just take profit and not let the trade play out. Eventually this eased up and I felt like I got control of my emotions. Evaluation Accounts - When I moved from paper trading to working on passing evaluation accounts I found that these same emotional challenges reared their ugly head again. Because there was a bit more on the line than paper trading I had these emotions come back. But eventually after passing an account or two I was able to keep the calm and felt like I had control again. Until....... Funded Accounts - Same problem once I moved to trading on a funded account. Once again the emotions came back as there was yet again more on the line with funded accounts. This is currently where I am at and slowly working my way towards a pay out. My challenge now has been actually taking trades. I feel like I am WAY to picky on my trades to the point that I talk myself out of almost 90% of trades. Definitely not sticking with my trade plan which has been successful and gotten me to this point. But I'm confident that with time and slow progress I will conquer these emotions as well. I'm already anticipating this same emotional challenge once I hit the next step of copy trading across multiple funded accounts. But overall the journey has been great and I've learned a lot about myself and am looking forward to the next challenge.

Kyle Henris

👑

Feb 7 •

General discussion

Scam account

Fyi if you run into this account on instagram please block and report. Definitely not me. - I only have 1 instagram account - The name is spelled wrong on this scam account - I have a blue checkmark to verify my account

New comment Feb 18