thetrendfollowerx
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Good morning everyone, I am a Spanish trader with extensive experience in forex and futures. I know that in this area everyone believes that in forex it is not possible to make money because of the liquidity of the market and the type of institutional adversary that attracts that liquidity, but I have managed to be profitable with my systems and not only that, but I have gone optimizing them manually (I don't know how to do machine learning) and improving their results.
Thanks to trading I gradually increased my capital over the years and even created my own tourism company as a diversification, although I had no experience and my partner betrayed me.
Another mistake was that although at the beginning I had assigned a cautious% to that investment, I did not take into account the expenses that occur in the middle of the project and finally ended up investing practically all my trading capital in it.
In Spain the bureaucracy is excessive and things work very slowly (a Spanish saying says: things in the palace go slowly) and after two years, I am still waiting to regain control of my business. This in Switzerland or Germany would have been solved in a week.
Due to all this and after having lived in a privileged area of Madrid with a nice car, a wonderful woman and without worries, I lost everything and had to go back to my mother's house.
My parents lent me 5000 euros to clean up my trading accounts and I decided to go to Albania to isolate myself and focus exclusively on trading. Unfortunately I chose cryptocurrencies without carrying out a previous analysis and attracted by their volatility, thinking that I could earn a lot of money, and being still affected by that drop in my life.
With no experience in this market, I made a lot of money in a short time and started doing nonsense, such as leaving very leveraged positions open with a margin call at 50% of the price of the currencies, thinking that in the bull market of that time it was practically impossible that I fell so much, or averaging down my losses .. Anyway, in April the great trap occurred and as we all know, with the IPO of Coinbase, the planets lined up to burst the bubble and the rich became richer.
I have everything documented, since I keep a diary, and the error has been basically that I have rushed without having experience in such a volatile and particular market.
Anyway, that is one of the examples of the importance of psychology in trading. Stay impartial in the losses, but as I have written here, also when you are on a hot streak and you think you can walk on water.
However I have no problem with that, I understand errors as variables that simply need readjustment, and I am in the process of reading books that help me with this aspect such as "trade like a casino", where it emphasizes the fact of forgetting the result , or even just skim through the NLP in monthly and not daily reports.
Regarding my trading system, I consider myself a trend trader. It's what makes the most sense to me; Identify a medium-term trend (weeks) and hold the position, entering with a stop loss as small as possible to get a good R: R.
I would like to be able to demonstrate my skills and my experience in an investment firm that wants to bet on me, and also join a group of serious traders with whom to improve all together.
Thanks to trading I gradually increased my capital over the years and even created my own tourism company as a diversification, although I had no experience and my partner betrayed me.
Another mistake was that although at the beginning I had assigned a cautious% to that investment, I did not take into account the expenses that occur in the middle of the project and finally ended up investing practically all my trading capital in it.
In Spain the bureaucracy is excessive and things work very slowly (a Spanish saying says: things in the palace go slowly) and after two years, I am still waiting to regain control of my business. This in Switzerland or Germany would have been solved in a week.
Due to all this and after having lived in a privileged area of Madrid with a nice car, a wonderful woman and without worries, I lost everything and had to go back to my mother's house.
My parents lent me 5000 euros to clean up my trading accounts and I decided to go to Albania to isolate myself and focus exclusively on trading. Unfortunately I chose cryptocurrencies without carrying out a previous analysis and attracted by their volatility, thinking that I could earn a lot of money, and being still affected by that drop in my life.
With no experience in this market, I made a lot of money in a short time and started doing nonsense, such as leaving very leveraged positions open with a margin call at 50% of the price of the currencies, thinking that in the bull market of that time it was practically impossible that I fell so much, or averaging down my losses .. Anyway, in April the great trap occurred and as we all know, with the IPO of Coinbase, the planets lined up to burst the bubble and the rich became richer.
I have everything documented, since I keep a diary, and the error has been basically that I have rushed without having experience in such a volatile and particular market.
Anyway, that is one of the examples of the importance of psychology in trading. Stay impartial in the losses, but as I have written here, also when you are on a hot streak and you think you can walk on water.
However I have no problem with that, I understand errors as variables that simply need readjustment, and I am in the process of reading books that help me with this aspect such as "trade like a casino", where it emphasizes the fact of forgetting the result , or even just skim through the NLP in monthly and not daily reports.
Regarding my trading system, I consider myself a trend trader. It's what makes the most sense to me; Identify a medium-term trend (weeks) and hold the position, entering with a stop loss as small as possible to get a good R: R.
I would like to be able to demonstrate my skills and my experience in an investment firm that wants to bet on me, and also join a group of serious traders with whom to improve all together.
