Australia's largest stock trading and investment forum Australia's #1 stock forum

Thanks for sharing @Thesardoz very enlightening

First 56 Last

Share
Profile

Follow
KabaiSengh

1,463 Posts.

03/11/18

13:29

Post #: 36378777
Share

Originally posted by Thesardoz ↑

Don't let your emotion taking over my friend, I been going thru the same path as you recently my ytd it's ugly.
what has been working out well for me and turning the game around is..

Stop to think negative, to think in a negative way will only reinforce your negative thinking and kill your confidence, never bash yourself for any trade that din't work out well it's only a trade and you can't judge your performance on one single trade, and most important what did happened in the past is in the past your future is base on your next decision and not base in what you have been doing before.

I realise then my lack of confidence was coming from my lack of knowledge and my poor confidence was only making my fears stronger. So I decided that I needed to bust my knowledge to increase my confidence and mild my fears.
Our outcome in everything we do in life it proportional to the effect we put in and not just physically but also mentally and the tools we use... in trading would be knowledge and experience.

My risk management was poor and the result has been in a poor looking portfolio..
Now i feel like I have a strong risk management in place I work with a fix percentage loss base on my cash for trading and I work with position size, no more guessing around or my system won't work.. if my max it's 2% loss that has to be. So if a place a trade and i lose 2% it's fine fit in my plan I just move on keep working and never look back with resentment that I have made a mistake or thinking that i'm a genius if it was a win.

And next and most important for me case it's what creates all the above it's myself. I have been working very very hard about learning about my self, I'm daily analysing my self, How did I perform, how did I did i feel, why , what cause those feelings how can i changed etc.. I'm making daily journals of my performs and i analyse it...
I don't want to be the best trader in the world but I definitely want to be the best that I can be.

what really did open my eyes what to came across a book written By Napoleon Hill, Think and grown rich as well as lecture from Earl Nightingale that talks about the same book and same principle... I recommend you to look it up, it might sound ridiculous to some but my life changed overnight thanks to the concept of Think and grow rich. I came across the book because was mention in a short video of the early days of Bob Proctor that I have watched just because I had found the title intriguing wile browsing on youtube and just click on it... and it has lead me on my way to success ....

have a good weekend friend..

Expand

Thanks for sharing @Thesardoz very enlightening
1 Upvote

Reply

Top Stories

NWH

NRW Holdings voted Wealth Within's hot stock tip

AIZ

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

KSN

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

MTL

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

There are more pages in this discussion • 61 more messages in this thread...

First 56 Last

Thanks for sharing @Thesardoz very enlightening

NRW Holdings voted Wealth Within's hot stock tip

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

Featured News

Featured News

Thanks for sharing @Thesardoz very enlightening

Top Stories

NRW Holdings voted Wealth Within's hot stock tip

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

Featured News

Featured News