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dude_speak · 07-09-2007, 09:46

SoulTrader,

Thank you for the post on this. After reading your post, I feel like I am in Stage Two - Concious Incompetence now. I tried different studies (MACD, Fib, RSI, etc), and seeing more loses than wins.

What I have done A LOT is to
1. put a position (usually EUR/USD)
2. things moving the opposite direction
3. keep waiting until it gets bad
4. finally decided to close the position
5. things turn the other direction, and wished I didn't close too early

I am curious what I need to do to get to the Eureka Moment. From your post, you mention about reading about psychology of trading book.

Any other suggestions?

07-09-2007, 09:46	#177
dude_speak level 1 Join Date: Sep 2007 Posts: 1 Downloads: 0 Uploads: 0 Rep Power: 0	Re: The learning cycle for a newbie trader SoulTrader, Thank you for the post on this. After reading your post, I feel like I am in Stage Two - Concious Incompetence now. I tried different studies (MACD, Fib, RSI, etc), and seeing more loses than wins. What I have done A LOT is to 1. put a position (usually EUR/USD) 2. things moving the opposite direction 3. keep waiting until it gets bad 4. finally decided to close the position 5. things turn the other direction, and wished I didn't close too early I am curious what I need to do to get to the Eureka Moment. From your post, you mention about reading about psychology of trading book. Any other suggestions?