Yes, YOU CAN! - 1
Telah dikemas kini
A good friend who has been trading for a while asked me this question recently :
WHY is it that we have access to so many free indicators, strategies, books, videos, etc and people are still not making money from the stock market ? (include forex, commodities, futures, cryptocurrency,etc)
I thought for a while and reflected on my own experiences and came out with a few tips which I hope will benefit the readers :
1. Perception of money - this to me is a very important concept that we may have heard of it but few address it right from the start. In my case, I was born in a place when once you stepped into the house, you can see everything - the toilets, kitchen, bedrooms,etc. In fact, there were no partitions , we had to build it ourselves. Money was tight back then and I remembered how little pocket money I had when I was a child. So I grew up with the same thinking as many do , i.e. "Making/Earning money is HARD WORK!"
In school, teachers will ingrained the same concept - if you do not study hard , you will end up as a road sweeper (janitor). So we were instilled fear right from the beginning of our money making journey. At work, colleagues will tell you to work hard to please the boss and not say something stupid at meeting which ended nobody raise any questions and end up doing the dirty work we hated. Years gone by and suddenly, finally we were exposed to the game of trading/investment.
Thus, when we placed our trade, we begin to pull this memory from our brain and it informs us to take no risks or little risks. To combat that, many spent countless hours pouring over books, attending courses that costs thousands of dollars, hoping to find the Holy Grail before spending an actual dime on live trading. We were afraid. Much like the Croods, always hiding in the cave when danger comes.
And when finally, we mustered enough courage to pull the trigger, our perception of money kicks in, telling us we don't deserve to make such easy gain. That we are not good enough, we needed more skills, more resources, more this and that...........So , the Law of Attraction or Spiritual Universe hears your request and grant it to you. You get what you expected - a loss staring into your face.
The sting of the loss was not as bad as you once again reminded yourself, a self fulfilling prophecy that you were RIGHT. That winner streak is not in you, it belongs to other people, just not you. So you stay on the side line, maybe learning and practising and more practise hoping someday you are ready to goto battle again.
The battle is not in the trading field but in your mind, pal. It has always been. It is your beliefs , albeit a self limiting one that holds you back from making money in the market. You do not believe that you can win so you justify that with a loss and when that happens, it confirms your belief that you were right and like an anchor, it sinks down deeper into your memory.
And your actions and feelings become more resistant to change. Maybe you tried hundreds of indicators and somehow in the beginning it seems to work, but after a while, your losses start to show, your mood is affected, your work and family is affected, health gone down and all. You blame yourself and it got worse when you compare to your friends who seem to be laughing to the bank with their windfalls.
So you isolate yourself, like a hurt kitten, licking its wounds, not quite sure whether to venture out of its comfort zone. I have been there, so I am familiar with these terrible feelings of self pity, low self esteem and disappointment, envy, resentment, bitterness, etc.
But remember, when the day you start to point the finger back at yourself and say, I am responsible for all the consequences and yes, I can make a change. That decision you make will be the best one ever. Slowly but surely, your confidence will grow. I went from busting accounts after accounts to starting a micro lots live account where you make cents profits instead of hundreds or thousands in a standard contract. It was miserable but I did not give up......
Some nights, I cried - how unfair it is and would go for midnight run just to let out the steam in me. And of course, without God , I would not be where I am today. I started reading ferociously, but instead of just gobbling down the contents, I put into application. One chart at a time with the same strategies, trend line. I do not deviate from it, committing to one product one chart till I make the profits.
I would also go for long walks in the day time before the market start trading to visualise my ideal self - what i would become. I immersed myself quietly in that surreal environment, feeling intensely till I feel the chill on my bones and tears in my eyes. It feels so real.......And with that inner fire, I would once again hit the chart and slowly realise the same chart offers me new perspective each time. Actually, it was my mind , my perception of money has changed over time whereas the chart, the static chart stays the same.
Never ever, let anyone NOT even your family members or friends or ANYONE say you can't make it. Whatever it is you want, (trading/investment in this context) believe you can and you CAN.
To be continued.......
WHY is it that we have access to so many free indicators, strategies, books, videos, etc and people are still not making money from the stock market ? (include forex, commodities, futures, cryptocurrency,etc)
I thought for a while and reflected on my own experiences and came out with a few tips which I hope will benefit the readers :
1. Perception of money - this to me is a very important concept that we may have heard of it but few address it right from the start. In my case, I was born in a place when once you stepped into the house, you can see everything - the toilets, kitchen, bedrooms,etc. In fact, there were no partitions , we had to build it ourselves. Money was tight back then and I remembered how little pocket money I had when I was a child. So I grew up with the same thinking as many do , i.e. "Making/Earning money is HARD WORK!"
In school, teachers will ingrained the same concept - if you do not study hard , you will end up as a road sweeper (janitor). So we were instilled fear right from the beginning of our money making journey. At work, colleagues will tell you to work hard to please the boss and not say something stupid at meeting which ended nobody raise any questions and end up doing the dirty work we hated. Years gone by and suddenly, finally we were exposed to the game of trading/investment.
Thus, when we placed our trade, we begin to pull this memory from our brain and it informs us to take no risks or little risks. To combat that, many spent countless hours pouring over books, attending courses that costs thousands of dollars, hoping to find the Holy Grail before spending an actual dime on live trading. We were afraid. Much like the Croods, always hiding in the cave when danger comes.
And when finally, we mustered enough courage to pull the trigger, our perception of money kicks in, telling us we don't deserve to make such easy gain. That we are not good enough, we needed more skills, more resources, more this and that...........So , the Law of Attraction or Spiritual Universe hears your request and grant it to you. You get what you expected - a loss staring into your face.
The sting of the loss was not as bad as you once again reminded yourself, a self fulfilling prophecy that you were RIGHT. That winner streak is not in you, it belongs to other people, just not you. So you stay on the side line, maybe learning and practising and more practise hoping someday you are ready to goto battle again.
The battle is not in the trading field but in your mind, pal. It has always been. It is your beliefs , albeit a self limiting one that holds you back from making money in the market. You do not believe that you can win so you justify that with a loss and when that happens, it confirms your belief that you were right and like an anchor, it sinks down deeper into your memory.
And your actions and feelings become more resistant to change. Maybe you tried hundreds of indicators and somehow in the beginning it seems to work, but after a while, your losses start to show, your mood is affected, your work and family is affected, health gone down and all. You blame yourself and it got worse when you compare to your friends who seem to be laughing to the bank with their windfalls.
So you isolate yourself, like a hurt kitten, licking its wounds, not quite sure whether to venture out of its comfort zone. I have been there, so I am familiar with these terrible feelings of self pity, low self esteem and disappointment, envy, resentment, bitterness, etc.
But remember, when the day you start to point the finger back at yourself and say, I am responsible for all the consequences and yes, I can make a change. That decision you make will be the best one ever. Slowly but surely, your confidence will grow. I went from busting accounts after accounts to starting a micro lots live account where you make cents profits instead of hundreds or thousands in a standard contract. It was miserable but I did not give up......
Some nights, I cried - how unfair it is and would go for midnight run just to let out the steam in me. And of course, without God , I would not be where I am today. I started reading ferociously, but instead of just gobbling down the contents, I put into application. One chart at a time with the same strategies, trend line. I do not deviate from it, committing to one product one chart till I make the profits.
I would also go for long walks in the day time before the market start trading to visualise my ideal self - what i would become. I immersed myself quietly in that surreal environment, feeling intensely till I feel the chill on my bones and tears in my eyes. It feels so real.......And with that inner fire, I would once again hit the chart and slowly realise the same chart offers me new perspective each time. Actually, it was my mind , my perception of money has changed over time whereas the chart, the static chart stays the same.
Never ever, let anyone NOT even your family members or friends or ANYONE say you can't make it. Whatever it is you want, (trading/investment in this context) believe you can and you CAN.
To be continued.......
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.