Hello my new Forex/Crypto friends.
For everyone who has been following my Struggle of Day Traders Series, here’s an update. (Click Here to start reading from the beginning).
I started my real PO Binary trading account with $70. I traded night and day, I used 10% openings and created my rules as I learned along the way. I was getting headaches from thinking so hard and long about trading. I’m not sure how many of you are crypto crazy and can relate, (let me know if you do). It was like my mind was rewiring to think inside the market, plugging in cords to new areas of my brain, lighting up the dark spots and waking up the brain cells I didn’t know I had. Sleeping didn’t give me a break, I dreamed of the market; I thought in candles and my examples and analogies were trailed back to trading somehow. It’s weirding me out, am I the only one like this?
I reached a $300 portfolio within a couple of weeks and I was proud, when I saw my percentage increase I was even prouder! When I look at my trading portfolio, I don’t see the money anymore, I see the amount of openings I can afford: a new perspective of money for me. So, I followed the rules exactly, I traded without emotion like every Day Trader book tells you to. I was disciplined, motivated, and without a sliver of greed in my body. I’d lose of course, but at the end of each week I finished ahead. Each opening was thrilling, it didn’t matter if I lost or won, it was fun!
The next Monday came, I opened my first trade of the week and ever since I’ve been losing. My account just hit $50 yesterday, technically I’m only down $20 which is a dream for some traders, but I’m disappointed. I’ve been watching my weeks of work disappear, the months are slipping through my fingers and the emotions are starting to kick in; the months of trading this strategy on demo and now my real account are seeming worthless. It’s like the Market caught onto my strategy and decided to break it.
Truthfully, I’m used to the Market breaking my heart after it’s had fun using me, I just want commitment for more than two weeks, I want marriage you know? I’ll find the one someday, it takes patience.
I’ve been working on Binary and will continue: Solomon is working on the trading bot. Automation is an art, it’s a complicated web of code and requires every brain cell, every ounce of energy plus some. He’s working on the hard stuff, way harder than Binary believe it or not; I may have little crying breakdowns in the bathroom because of how much I hate trading but, reminding myself that every successful trader has been where we are is encouraging to me. Once the bot is funded and running smoothly, that’s when things get real.
I LOVE YOU for reading my blog post. Comment down below any advice you have for me, or just anything is nice too. 🙂
Elaine Kate 