Consistency

Oct 02, 2023 at 06:43
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8 Replies
Member Since Oct 02, 2023   1 posts
Oct 02, 2023 at 06:43
Hello there! I’ve been trading for 4 years now and tried many different strategies and different mentors starting from ict ending with Lori. All these years it was a bumpy ride as there were good months and bad months. To this day I cannot find consistency in my trading although I understand all of the mechanics of the liquidity and can “read” the chart from the perspective of residing liquidity pretty good but cannot execute properly due to my psychology problems. I understand that my main problem is psychology and my mental state that im working on right now. But these past few months were really dark for me in terms of believe in the “retail” side of the industry. Suddenly I started to really ask myself is there any retail trader that makes a good living off trading as pretty much 98% of community doesnt like to show the losses and everyone tries to impress each other but really dont have any consistency in their tradings. If you are a consistent trader for a good amount of time - could you please give some advice to me as im really thinking of quitting because im losing fate in myself and the industry.
Member Since May 15, 2019   10 posts
Oct 02, 2023 at 07:20
cabletrader621 posted:
Hello there! I’ve been trading for 4 years now and tried many different strategies and different mentors starting from ict ending with Lori. All these years it was a bumpy ride as there were good months and bad months. To this day I cannot find consistency in my trading although I understand all of the mechanics of the liquidity and can “read” the chart from the perspective of residing liquidity pretty good but cannot execute properly due to my psychology problems. I understand that my main problem is psychology and my mental state that im working on right now. But these past few months were really dark for me in terms of believe in the “retail” side of the industry. Suddenly I started to really ask myself is there any retail trader that makes a good living off trading as pretty much 98% of community doesnt like to show the losses and everyone tries to impress each other but really dont have any consistency in their tradings. If you are a consistent trader for a good amount of time - could you please give some advice to me as im really thinking of quitting because im losing fate in myself and the industry.
try to not be greedy otherwise you will be part of 90% of traders that lose money.
Steady and slowly profits
Member Since Aug 19, 2021   225 posts
Oct 03, 2023 at 10:52
Oh who likes to talk about their mistakes? I wouldn't want it either. 😄😄 Although I saw really cool guys on the forum who have been trading for a long time and make stable money even with losses. Look at the accounts that are verified on the forum.
Member Since Mar 31, 2021   229 posts
Oct 09, 2023 at 10:43
cabletrader621 posted:
Hello there! I’ve been trading for 4 years now and tried many different strategies and different mentors starting from ict ending with Lori. All these years it was a bumpy ride as there were good months and bad months. To this day I cannot find consistency in my trading although I understand all of the mechanics of the liquidity and can “read” the chart from the perspective of residing liquidity pretty good but cannot execute properly due to my psychology problems. I understand that my main problem is psychology and my mental state that im working on right now. But these past few months were really dark for me in terms of believe in the “retail” side of the industry. Suddenly I started to really ask myself is there any retail trader that makes a good living off trading as pretty much 98% of community doesnt like to show the losses and everyone tries to impress each other but really dont have any consistency in their tradings. If you are a consistent trader for a good amount of time - could you please give some advice to me as im really thinking of quitting because im losing fate in myself and the industry.
Yeah. I have the same problem with the strategy now.
Think thrice before opening an order
Member Since Oct 09, 2023   17 posts
Oct 10, 2023 at 04:57
Rococo_XVII posted:
cabletrader621 posted:
Hello there! I’ve been trading for 4 years now and tried many different strategies and different mentors starting from ict ending with Lori. All these years it was a bumpy ride as there were good months and bad months. To this day I cannot find consistency in my trading although I understand all of the mechanics of the liquidity and can “read” the chart from the perspective of residing liquidity pretty good but cannot execute properly due to my psychology problems. I understand that my main problem is psychology and my mental state that im working on right now. But these past few months were really dark for me in terms of believe in the “retail” side of the industry. Suddenly I started to really ask myself is there any retail trader that makes a good living off trading as pretty much 98% of community doesnt like to show the losses and everyone tries to impress each other but really dont have any consistency in their tradings. If you are a consistent trader for a good amount of time - could you please give some advice to me as im really thinking of quitting because im losing fate in myself and the industry.
Yeah. I have the same problem with the strategy now.
Read these book, it will help
1: psycho-cybernetics
2: discipline trader
3: trading in the zone
4:the mental game of trading
I never give up
Member Since Aug 19, 2021   225 posts
Oct 10, 2023 at 12:13
Oh how long time these books were written? Time changes and so does trade. If these books are no longer relevant, then it is better not to recommend them.
Member Since Oct 09, 2023   17 posts
Oct 11, 2023 at 07:35
WhiteWitcher posted:
Oh how long time these books were written? Time changes and so does trade. If these books are no longer relevant, then it is better not to recommend them.
True, trade changes but market has a memory. The market movement is combination of the human psychology. So you you try this book you will the effect of psychology. Try first
I never give up
Member Since Aug 19, 2021   225 posts
Oct 17, 2023 at 18:33
Oh if the market had memory I would have been trading with absolutely no losses long ago. LOL.
Member Since Aug 03, 2023   7 posts
Oct 19, 2023 at 09:25
cabletrader621 posted:
Hello there! I’ve been trading for 4 years now and tried many different strategies and different mentors starting from ict ending with Lori. All these years it was a bumpy ride as there were good months and bad months. To this day I cannot find consistency in my trading although I understand all of the mechanics of the liquidity and can “read” the chart from the perspective of residing liquidity pretty good but cannot execute properly due to my psychology problems. I understand that my main problem is psychology and my mental state that im working on right now. But these past few months were really dark for me in terms of believe in the “retail” side of the industry. Suddenly I started to really ask myself is there any retail trader that makes a good living off trading as pretty much 98% of community doesnt like to show the losses and everyone tries to impress each other but really dont have any consistency in their tradings. If you are a consistent trader for a good amount of time - could you please give some advice to me as im really thinking of quitting because im losing fate in myself and the industry.
Hi CT 621

All Traders take losses, that is part of the profession, but it is how you manage and control the trade /loss ( that is another conversation)

You make many comments in your post about your psychology problems, could this be due to you haven't found a Consistently % winning strategy (wins & losses)?

If your strategy was consistently % profitably over X trades over X days weeks months then this may help to alleviate your problems, (You must have a proven strategy) Period.


Regarding books, google Steve Ward he has a couple of books out which may help.

Good luck on your Journey.



 
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