Frustrating Markets!!!

[darkhorse70]

The last 2 weeks have been so frustrating.

Equities have kept going up as with oil and every time you think it might go down it just keeps going up.

Ive actually been trying to trade live on equities and oil with a $4k account. Went up about 50% before I nearly blew it up trying to fade the rally and since then its been survival mode.

Ive got so angry ive torn my tshirt of my chest, used every swear word under the planet not to mention my parents think im going insane...

Good times lol

 

[darkhorse70]

Not to mention 16 hour straight trading days.

Love hate relationship ay?!

 

[ggkfc]

Not to mention 16 hour straight trading days.

Love hate relationship ay?!

No idea how to trade equities.. seems like you need a gambling spirit

 

[Wysiwyg]

Is someone trying to make a million bucks in a year? Maybe think of trading like climbing a mountain. You want to make good gains when the weather and terrain is favourable and to conserve energy or reduce exposure in unfavourable conditions.

 

[VSntchr]

The last 2 weeks have been so frustrating.

Equities have kept going up as with oil and every time you think it might go down it just keeps going up.

Ive actually been trying to trade live on equities and oil with a $4k account. Went up about 50% before I nearly blew it up trying to fade the rally and since then its been survival mode.

Ive got so angry ive torn my tshirt of my chest, used every swear word under the planet not to mention my parents think im going insane...

Good times lol

Just speaking for my own humble account - but a gain of 50% when trading is something that I'd be pleased to hit over a period of ~12 months rather than 2 weeks.
Admittedly, we all have our own risk tolerance and preferences (and with a small account those are clearly a bit higher)...but based on your reactions (really, ripping your shirt? lol)...it seems you are going a bit too aggressive to say the least.

Just my

 

[darkhorse70]

No idea how to trade equities.. seems like you need a gambling spirit

Explain?

 

[darkhorse70]

Is someone trying to make a million bucks in a year? Maybe think of trading like climbing a mountain. You want to make good gains when the weather and terrain is favourable and to conserve energy or reduce exposure in unfavourable conditions.

Hey wysi, well as long as I was in a profit, I was happy even making 200$ in a day. I was at 6k after 3 days and on a Friday night I blew around 3k like a stupid noob. When I woke up on Monday, and checked my account balance I was worse than I thought and I realized I couldn't trade with a wider stop loss anymore. The swings on the futs are just to great or such a small account. I drew down a little more and at that point It was all about surviving.

I agree with what your saying. I have a mental problem where If I believe in a trade and I dont take it, then I get even more frustrated if it panned out as I expected. Hence I just trade if I see a viable trade.

Im not going to lie, after years of learning about trading, you just want to make a few hundred grand (as naive as that sounds I still believe its doable).

Like you said favorable conditions are what you want and I know for a fact im not as good trading longs as I am shorts and this constant upmove has just seen my get unstuck.

 

[pixel]

The last 2 weeks have been so frustrating.

Equities have kept going up as with oil and every time you think it might go down it just keeps going up.

Ive actually been trying to trade live on equities and oil with a $4k account. Went up about 50% before I nearly blew it up trying to fade the rally and since then its been survival mode.

Ive got so angry ive torn my tshirt of my chest, used every swear word under the planet not to mention my parents think im going insane...

Good times lol

You'e selling your sanity far too cheaply. It's certainly worth more than 4 or 6 Grand
Try to Trump Donald, take a leaf out of his book: He made a few $Billion before going bonkers.

but seriously: take a step back; look over your recent trades - the good and the bad - and learn from them, especially from the bad ones. The most successful traders are the ones that recognise early when the Market doesn't agree with their trading ideas; they then take time out and reassess their method. And they won't resume trading unless they've got their emotions back under control.

 

[darkhorse70]

Just speaking for my own humble account - but a gain of 50% when trading is something that I'd be pleased to hit over a period of ~12 months rather than 2 weeks.
Admittedly, we all have our own risk tolerance and preferences (and with a small account those are clearly a bit higher)...but based on your reactions (really, ripping your shirt? lol)...it seems you are going a bit too aggressive to say the least.

Just my

Hey VS, I just have the belief that I could make $1k a week trading with one or two lots a day. I only believe in that return of 15/20% etc being reasonable when your account is so large and you just cant trade in the same manner a small trader can.

The reason I ripped my shirt was because I had sacrificed so many days and ocne im in a position I cant walk away. So i hadnt been able to go outside to cool off and I also felt guilty for losing the money my parents had entrusted me with. On top of that I was thinking, now what? Do I go back and try to find a job and become an ordinary civilian again stuck in this system. When your at the brink of failure all your emotions are so intense.

I swear to god, If I had a big trading account, I wuld have easily broke my computer screens due to the frustration.

I thought id just vent out my feelings here as you are probably the only people who understand the pressures. My parents and relatives lack of encouragement for my passion for trading is another reason why im so frustrated.

a) They cant relate to what im going through
b) They say the most aggravating things like get a real job etc

I wish more parents would be more supportive of their childrens passions etc.


Although its been stressful, I am thankful that I did go through such a huge swing. It mentally toughens your skin up a little. So let's see what happens next.

 

[ggkfc]

Hey VS, I just have the belief that I could make $1k a week trading with one or two lots a day. I only believe in that return of 15/20% etc being reasonable when your account is so large and you just cant trade in the same manner a small trader can.

The reason I ripped my shirt was because I had sacrificed so many days and ocne im in a position I cant walk away. So i hadnt been able to go outside to cool off and I also felt guilty for losing the money my parents had entrusted me with. On top of that I was thinking, now what? Do I go back and try to find a job and become an ordinary civilian again stuck in this system. When your at the brink of failure all your emotions are so intense.

I swear to god, If I had a big trading account, I wuld have easily broke my computer screens due to the frustration.

I thought id just vent out my feelings here as you are probably the only people who understand the pressures. My parents and relatives lack of encouragement for my passion for trading is another reason why im so frustrated.

a) They cant relate to what im going through
b) They say the most aggravating things like get a real job etc

I wish more parents would be more supportive of their childrens passions etc.


Although its been stressful, I am thankful that I did go through such a huge swing. It mentally toughens your skin up a little. So let's see what happens next.

Feels a bit unsafe the way you are doing this.
You may want to see a health professional

 

[darkhorse70]

You'e selling your sanity far too cheaply. It's certainly worth more than 4 or 6 Grand
Try to Trump Donald, take a leaf out of his book: He made a few $Billion before going bonkers.

but seriously: take a step back; look over your recent trades - the good and the bad - and learn from them, especially from the bad ones. The most successful traders are the ones that recognise early when the Market doesn't agree with their trading ideas; they then take time out and reassess their method. And they won't resume trading unless they've got their emotions back under control.

haha Pixel about Trump. Some times the only sane people are the insane ones.

In terms of reviewing trades, unfortunately when i get frustrated I start to slack off in recording trades etc. The problem was like every time there seemed to be a top, the markets would just ignore everything and continue up again. UP, up and more up. I kept rationalizing it by saying, what about a fade today or a fade today... but it just hasnt happened.

I feel as though i can critically review my performance and I generally remember my trades whether they were good or bad and go over them mentally. My biggest fear is losing faith in the way I trade. I know that I have the ability to trade well but some times you lose confidence and the moment you lose the courage to stick with your gut, you miss out on a great opportunity.

 

[darkhorse70]

Feels a bit unsafe the way you are doing this.
You may want to see a health professional

LOL gg, go back to sleep.

 

[ggkfc]

I cant walk away

I also felt guilty for losing the money my parents had entrusted me with.

With these kind of thoughts, maybe you just need to chill out or talk to someone about it.. it seems something near addiction

 

[darkhorse70]

Every elite competitor has an addiction to their craft. There is no other way some body in their rational mind would dedicate most of their day to becoming the best at what they do. Unfortunately for trading, you need to be at the top if you want to survive and prosper. Im not going to walk away from the computer when ive been waiting several hours for a move to transpire. It would be plain stupid to do so.

 

[ThingyMajiggy]

Have you thought about trading via CFDs through CMC or something? Might be more manageable with such a small account, as you can trade in miniscule amounts and build it up from there whilst gaining some confidence back.

Also trade with money you can afford to lose, not money that is going to stress you out and make you lose the plot if you lose it all, it will make a huge difference. The whole parents money and what they think of it will be a huge factor in the back of your mind and could easily make you get in/out of positions way too prematurely and hinder your trades big time.

 

[darkhorse70]

Have you thought about trading via CFDs through CMC or something? Might be more manageable with such a small account, as you can trade in miniscule amounts and build it up from there whilst gaining some confidence back.

Also trade with money you can afford to lose, not money that is going to stress you out and make you lose the plot if you lose it all, it will make a huge difference. The whole parents money and what they think of it will be a huge factor in the back of your mind and could easily make you get in/out of positions way too prematurely and hinder your trades big time.

Hey thingy, um I havent really thought about cfd's or know too much about them. Even though it could possibly work I don't id even dare try at this stage. Solely because i dont want to constantly try different things even thouh there fairly similar.

My parents said they dont care about the money but you know they always do in their head. We just agreed never to talk about how much I make or lose but yeah that extra factor is another pressure point.

I guess by making money you eliminate one form of life uncertainty but then life would be to easy. + Unfortunately trading is the definition of a degree of uncertainty lol.

 

[ThingyMajiggy]

Hey thingy, um I havent really thought about cfd's or know too much about them. Even though it could possibly work I don't id even dare try at this stage. Solely because i dont want to constantly try different things even thouh there fairly similar.

Yeah you can still trade all the same things, all in one place, dax, oil, hong kong, shares(cfds), currencies etc. so it should be pretty much the same looking chart as what you're already looking at for that instrument etc, so it wouldn't really be anything "different" as far as what you're trading, just easier on the wallet when you're starting out with little funding.

But up to you, just thought I'd suggest the idea and yeah kind of makes it all a bit difficult when absolutely nothing is 100% with trading/trades, especially for discretionary traders, might not be so nerve-wracking for systems guys as they know or have a percentage win rate etc that their system is capable of through vigorous testing.

 

[galumay]

With these kind of thoughts, maybe you just need to chill out or talk to someone about it.. it seems something near addiction

Totally agree, the OP needs serious help. The alternative will arrive fairly quickly, all capital will be lost due to his gambling habit and he will have to face reality anyway.

 

[minwa]

Sounds like over trading, and a "need" to get "paid" just because you have sat down to trade. Along with over leveraging of course. With a few K, your stop can only be a few ticks only..

Assuming you have no other obligations at the moment, get a PT job, it will shut your parents up a bit, you will be able to save your funds to trade.

 

[Gringotts Bank]

dh, there's too much happening here... too much pressure to perform. Too much pain when it fails. For it to work, it needs to be a process free of all that. Trading should just feel like doing a simple crossword puzzle or sudoku. It won't work if it feels like climbing a vertical rock face without ropes.

You could spend a lifetime finding a great set up to trade, but without the right attitudes it can never, ever work.