To be honest, it could/should be the best thread on this platform and as well the one which makes the difference to others
I think, this was the reason, Paul started it
One of the reasons Paul may have started it was for some of the older, more experienced traders here to provide their story as an incentive for the newbies to keep going, even when all seems hopeless.
That's the reason I joined in a few years ago. I was playing around with Spread Betting while running another business, and frankly not getting very far. It all turned around when I bit the bullitt, sold up and concentrated solely on the markets (footy in particular)
Back then I was up at 5am, reading, going back over charts, more reading and then trading at £1 per pip as soon as the footy opened, trading right through 'til 5.00pm. I was shagg*d out by Friday nights. First month was a BIG loss, but as my livelyhood depended on it ( I have a wife and 4 boys) I started to improve, and gradually I started to have profitable months.
I believe 3 things have contibuted to my success:
1) An unshakeable belief that I will succeed ~ I've got to, it's my only means of earning money.
2) I have constructed a strategy of my own that I believe in 110%. It took me (and another friend on these boards) quite a few months of tweeking to get it right
3) Reading and re-reading Trading in the Zone by Mark Douglas ~ every newbie
HAS TO read that book, it changes your whole outlook on the way your mind and the markets work.
I just hope at least one budding new trader on these boards reads this and other stories on this thread and is inspired to keep going 'til they make a success of it. If I can do it, believe me ANYONE can !!
I really, truly believe its the best job in the world (aside from gynaecology, but the police say I'm not allowed to keep applying for that career) but one of the most difficult to master. It's been said before that it's 20% methodology and 80% in the mind ~ IT REALLY IS THAT SIMPLE ~ get your head round the principles and apply a lot of discipline and it can be mastered.
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