Why shouldn’t you set expectations for yourself in Forex trades?
When it comes down to it when you go into trading and you don’t do it and you set that expectation for yourself, it sets you up for failure and you’re immediately going to lose and you’re going to end up blowing up and you’re going to have to go through the same problems over and over again. Trading in life will completely keep you on a thread. As soon as you get close to it, it backs off. And what happens is you’ll trade for about two weeks and you’ll do this, you’ll kill it right and how much and I want to ask you because I did this and I know you did too, it’s like if you’re in a streak for a week and you’ll be like a dude.
Why shouldn’t you set expectations for yourself in Forex trades?
I think I finally understand, you know two weeks go by and you’re like dude I’m killing forex trading like I think I’m finally profitable all of these things start to put in these little things you know little things in your head you’re like oh my gosh I think I finally did it because you care more about the outcome. Then process as if you are so obsessed with the idea of becoming profitable.
That’s what the trading industry has done, it’s like we’ve over-sexualized and romanticized the idea of profitability like that’s the goal and the goal is not to love trading the way you’re supposed to.
But it’s like trading the way you’re supposed to forex trading will get you there so why focus on romanticizing just being profitable it’s through by the time you’re actually in a trade or by the time your journey passes.
What environments do you not make money from Forex?
It might seem like you’re obsessed with just the idea of profitability to the point that you care more about the idea of becoming a professional table than actually becoming profitable, and going back to my original points like you’re going to have two weeks where you’re just on a winning streak and then 3 days happen and you blow everything up for 3 days Correct a few days and like all this progress is right out the window.
How many of you guys have experienced that I know I have now what’s happening here well what’s happening is that you’re imagining the idea of becoming profitable and you don’t realize that the time you’re making these two, you know these two weeks of crazy profitability from Forex.
You should focus on building habits in Forex trading
The thing is that you weren’t focusing on building the habits you were focusing on making money and you were simply lucky that’s simply what you got lucky in forex trading and you didn’t have the habits to protect yourself when the market wasn’t going to give you the chance because what happens is you end up winning for two weeks. Then come those 3 days when the market is not good choppy right type.
You know your setup isn’t there but you’re in the mindset of becoming a profit, you’re like dude you just won two forex trading weeks unstoppable and the habits you haven’t been building aren’t in place to protect you on days like this so when you put yourself in that situation.
The Forex market does not give you anything to force you to profit
You are forex trading exploding because the market is not giving you anything you are forcing. After all, you are not being monitored. You have the intention of making money. The expectation of making money which in turn sets you up for failure. When you fail, you are now in a forex trading bind. You are depressed. Your anxiety is getting worse. You are like am I going to be successful everywhere because you just set yourself up? And put yourself in that profitable environment in Forex.
Do It Trading is about learning about the environments you put yourself in and how you will personally interact with them Correct You vs. You We will all affect and be affected differently in different environments Correct trading does not mean a lack of emotion Correct TRA Trading is not about being a robot and it is as if you were a human Trading Forex.
Don’t try to be a robot when trading Forex
Being like you’re not going to be a robot let’s be honest everyone says like oh be a robot when you trade there’s no trading it’s not about lack of emotion trading is about understanding the environments that you put yourself in will make you emotional right that’s the problem because it’s like if you were a human Forex trading you’re a human and not a robot.
You’re inevitably going to make mistakes you’re going to inevitably have emotion so how can we understand this and how can we realize okay maybe when I’m put in this environment I’m probably going to be more emotional so I wouldn’t do that Forex trading that’s what trading is about He’s saying hello when I come To the market on Monday with no news to know after suffering only two losses.
Whatever you know I know I’m more emotional in this situation okay I’m not going to trade in this boom anymore there’s forex trading you go and your trading is about just identifying those areas that identify the problems that you’re having and just cutting them off that’s all there is to recognizing the environments Where you make money from Forex.
Summary
You may become emotional and you’ve cut off other Forex trading and stuck to just this but the reason you’re not committing to this is that you’re so obsessed with the pursuit, you’re so obsessed with more instead of what I am and that’s why life keeps pushing you Forex trading back because you’re not focused on one thing. Just well, I think there is one thing that can make you as much money as you want. One thing. Small idea in the market. One small setup. Five pips every day that can make you quite rich. But when you go to the market constantly looking for something.
