2006/09/21


After 2 days of working with the history of all my Forex transactions made during 2004-2006 i stoped by this point:

80% of time the account balance was developing with such a trajectory (See image), the rest were strictly down:


All right till a time with trades: discipline, analyze, low risks, but, Every time i was approaching to a certain point, my mind tried and did everything to destroy all i started building. I mean my unconscious mind. Consciously i was "hardly" trying to turn back in favor of mine. In fact executing my deepest fears... That beastie, when feeling it can be defeated is fighting with doubled forces. Here, i guess, could be listed undisciplined trading, hi risks, nervousness, taking low motivated trades and much more...

My psychological status is not prepared to see a developing situation which can destroy status quo, all its views about "how to be"...

Of course, there are tons of information over the internet about discipline in trading, but most traders will fail.

Very actual quote from H. Ross Perot:

Something in human nature causes us to start slacking off at our moment of greatest accomplishment. As you become successful, you will need a great deal of self-discipline not to lose your sense of balance, humility and commitment.

2006/09/19

Let`s the Forex party begin

OK, Gentlemen

Let`s take a look to my Forex history here:

Month, Year Period Start Balance , USD Period End Balance , USD
June 2004
1400
34
July 2004
1032
18
August 2004
1218
217
September 2004
660
470
October 2004
470
10
November 2004
10
10
December 2004
890
34
January 2005
34
34
February 2005
485
81
March 2005
81
35
April 2005
683
1007
May 2005
1007
142
June 2005
142
38
July 2005
692
29
August 2005
29
29
September 2005
558
647
October 2005
647
36
December 2005
36
36
January 2006
956
2007
February 2006
2007
4106
March 2006
4106
676
April 2006
676
4 (-495)
May 2006
760
530
June 2006
530
34
July 2006
34
34
August 2006
469
488
September 2006
488
35
October 2006
35
35
TOTALS
Deposited 9.279 USD
Widthdrawals 495 USD

First Post - i have to admit it!

Well...

After 2,5 years of active forex trading I`m obligated to admit it for myself - i`m a forex loser.
Why?
I`ll post later today all my investments here. At this time i know only approximate digits. What i know for sure - that digits are 75% of my income + all my savings.

.....
Why i did start this blog?

I`m not desperated,
I`m not blaming myself,
I`m not accusing me "Your a loser - grow up, stop spending money here",
I`m not a whiner,
I`m not ...
But i can`t earn money after analyzing all my forex activity totals

Definitely, i have a problem in my head, or a lot of them... First of all, before i`ll return to trading (losing?) in forex, i have to try and clear these problems of my mind/psychology...