๐ท๏ธ Starting first with goals for 2024 ๐ธ
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.
๐ Now let's talk about My Trading Journey: From Following to Learning (and Some Psychological Quirks!)
๐ช๏ธ 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 โ just the rollercoaster of a booming market.
๐ช๏ธ 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.
๐ช๏ธ 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.
๐ธ 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!
๐ข 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!
๐ฅด 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.
๐ 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 ๐ธEarnings time, baby! ๐งโ๐ป
๐ช๏ธ Good luck with your trading journey! Remember, success in the market is a marathon, not a sprint.
