I've been trading live for a year and I can not earn money. Anytime I make money I end up giving it back into the market and more.
I've problems controlling my greed. While I see a fantastic set up I will increase my risk factor a lot and when the transaction goes against me my whole mindset changes. I feel very bad and miserable but the intriguing thing is I can return the next day and put that behind me and be prepared to trade .
I have a system which operates. I use elliott wave counts with vsa to remain on the right side of this market. I love to remain in a commerce 1 week or more based upon the counts. What goes wrong however is that when there's a retracement that I wish to enter that and exchange it as well. I get greedy and risk more than I can deal with.
I still haven't disregarded my account but I have put more money in. Is it just me or are there others out there who have been through this phase and can assist me?
Do I want a mentor? I sometimes think it will help.
The intriguing issue is that I am a man who will follow principles when there is someone there to punish me when I don't and because fx trading we're our own bosses I am finding it very hard to control my greed and my emotions.
I've read Mark Douglas books but in regards to trading what flies out of my mind. I intake better advice through audio visual methods instead of reading books. And I've realised that discipline isn't something one can master just by reading books. (atleast not me)
There have been many a occasion when I've thought of just quitting. I know I am a fantastic analyst. Even my friends say . Nevertheless, in regards to trading I screw up.
I am asking quite sincerely if there are others who've been through this and are willing to guide me in the right path.