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Thanks for posting this. I started about the same time as you, initially day trading shares off 15 minute delayed charts. What a disaster that was!! I have messed about with everything but never stuck to one thing long enough to get to the point of being successful. I typically get good at some system or another then get distracted and don't trade it, or try something 'better'
I'm great at studying and learning systems and pretty good at programming indicators etc. and have mistaken progress at this for progress as a trader. The Mark Douglas book has been a real eye opener for me for two reasons. Firstly, it detailed all of the mistakes that I have been making over the years. Second, it told me that I am typical of most people that get into trading - but that I can change.
Since starting to follow Sives work closely and trade from his analysis I have increased my account by about 25% and that has been done with consistent gains rather that massive wins and losses. That is the most consistent I have ever been!!
I have spent the last few weeks writing my trading plan in detail and will start trading from it soon. I am trying to shift my definition of success for now. Each trade I make will be assessed and marked by how well I am sticking to my trading plan rather than by how much money I can wring out of it.
I am so grateful to Sive and to those who post here regularly and show me the way...
All the best
thank you, Asif. Your story makes me confident that is possible became a consistent trader (and make a living by trading). I know it will be a long journey btw, i also appreciated your favourite book of Mark Douglas (it tells something we all have in front of our eyes, but most of times we don't want to see).Thanks Buddy,
I am sorry for such a long message but hope that helps and answers your questions...