🏷️ Starting first with goals for 2024 💸
1. Will buy a new home for my parents.
2. Enable my dad to retire, ensuring a life free from work-related stress.
3. Elevate our family business to new heights.
4. Invest in 4-5 real estate properties for long-term financial growth.
5. Cultivate a peaceful and blessed life.
📌 Now let's talk about My Trading Journey: From Following to Learning (and Some Psychological Quirks!)
🌪️ 2020-2021 felt like a free ride. It was a bull market, and I blindly followed calls, making money despite (perhaps even because of) doing "wrong stuff." No real learning or dedication – just the rollercoaster of a booming market.
🌪️ In 2021 to 2022, I woke up and started learning. The dedication wasn't consistent, but the knowledge began to accumulate. This was my foundation year, laying the groundwork for the future.
🌪️ Finally, in 2023, it all clicked. Trading + Learning + Applying became my mantra. It hasn't been without its challenges, though. I've encountered some psychological hurdles that I'm not afraid to admit.
💸 Stop-Loss Fear: When trades approach my stop-loss, I panic and move it further down the line, hoping for a miraculous turnaround. This is a recipe for disaster!
😢 Early Exits: My trigger finger gets itchy before setups fully develop. I either close trades prematurely near the stop-loss (only to watch them soar past) or fail to wait for the full take-profit potential. Missing out on profits stings!
🥴 Forced Trades: Sometimes, I see an opportunity where there isn't one. Instead of patiently waiting for the right setup, I force trades, setting myself up for disappointment.
🙇 But hey, recognizing these issues is half the battle, right? 2023 was a year of learnings, not just in technicality but also in self-awareness. I'm ending it with valuable insights and a renewed focus for 2024 💸Earnings time, baby! 🧑💻
🌪️ Good luck with your trading journey! Remember, success in the market is a marathon, not a sprint.