that's the nail in the coffin, our decisions are affected by our emotions most of the time, so when you are risking your money, the pain is real and then we make mistakes
MZERMEÑO
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I asked myself why I lose? It seemed that as soon as I entered the market, it knew I was there and moved against me. That feeling is devastating for confidence, not to mention when I closed that operation to change direction and once again the market changed direction, and just like that in two operations, the market took me to the limit. Since the invested money was too much, it even left me with no option to return, and worse, I managed to come back in just to recover what I had lost. I couldn't believe how people were sharing exorbitant profits while I, after considering myself analytical, intelligent, and with successful projects, was failing at analyzing charts. That is an overwhelming feeling; my high expectations of myself could not allow me to fail at something so simple as watching a chart go up, down, or sideways. So I did what my intelligence dictated, and I set out to look for indicators. I was sure that using the right tools would provide the answer. After several books and practice on demo accounts where I even managed to double the account, I felt ready and better prepared. I could now explain supports, resistances, MACD, Fibonacci, etc.,
!Market, get ready because I’m back!
I funded my account... a week passed, and it only took a week for my account to be liquidated once more.
Frustrated, angry, and feeling like a failure, I deduced that it wasn't me; it was the manipulation of the market, of Binance, by the whales, by the sharks. For the first time in my life, I said something I had never said before... I give up; I can't handle this... I had lost money I needed, I had lost my confidence, and my huge ego was hurting.
I didn't understand why in the demos I could double the account, but in real trading, I couldn't succeed. So I analyzed, and the only difference is that the money in the demo account isn't mine; it's fictitious, and I lose it without a problem. But there was something about real money that I hadn't considered: EMOTIONS.
to be continued...
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