ShaunWhite wrote:You didn't say what returns you're making at the moment. I'd be interested to know especially as you already feel a weekly return of 1000% is doable. Week 1 £400, week 2 £4000, week 3 £40000 .... Really?
This isn't a get rich quick scheme, unless you're Adam Heathcote (You might want to read his blog and understand that his was truely exceptional progress, and it still took years). Even our beloved leader, the genius that is Guru Peter, got rich very very VERY slowly.
I do not know Adam and all though it appears he got rich quick however if you read his blog it is prevelant that he learned the right way. Completely self aware, seriously motivated and dedicated. I strongly believe with the correct practice and action you can make it in this game far quicker. Additionally he was not a gambler originally. Most people here that have all failed and given up that have been doing it 6/12 months from a strategy perspective probably can trade really well. It's the mentality we all have that's different. I have been doing this only 13 months and my best advice I can give anyone is. If you have really worked hard at trading for 9 months or more and you believe you have been given all the right advice, if your unprofitable you need to work on yourself. If your from a gambling background rather then learning to trade put £100 in your trading account forget about making money. Spend 6 months a year managing your account. Trade at random and just learn to keep your balance. Yes you may lose it after 2 months but the point is that you lose it in a linear way and you practice accepting losses, practice not blowing your bank.
This is the skill for most in trading.
If your going in play or gambling on selections continuing to trade and trying to eliminate this will take you 10 times as long. Your focus for every single trade should be not what can I make but the to make sure I do not go in play or gamble.
Additionally it's a fault in your own life, I struggle with patience so every aspect of my life I am working on my patience in order it to soak through in my trading.
If your a gambler, taking control in your own life and stop gambling on the horses down the bookies or wherever.
If you want it that bad you will get it but for most it takes real change.
Whatever the reason for losing money, if you have a problem going in play and breaking banks then spending your time trading is not going to fix it. Spend your time being aware and not going in play. You won't fix it over night either.
Let trading take care of itself and fix and work on your major faults.
If you spend all your time in the markets making sure you don't go in play or making sure you do f your bank eventually it will become a habit.