I'm still a failure when it comes to trading or learning how to trade better, since last year I've been learning it but until now I can't still see any improvements with my trade. I even see that some degen traders here that doesn't read indicators have better profits in their trades than me who is a trying hard trader with indicators.
I am using Bollinger Bands and RSI 14 indicators, with volume and currently I'm trying to add price actions on it. It's not easy learning indicators in trading, you have to understand every factors just to apply what you understand for better entry and exit.
The indicators I used are good, but I usually fail on decision making especially when to exit because sometimes my exit was influenced by emotion as I am too afraid or too greedy. Trading doesn't just focus on indicators, fundamental research but also includes mental and emotional aspect. If you're not mentally well doing trade, you'll end up having failure trades.
I'm still a failure but I don't despise myself because I didn't commit myself on learning it full time as I still have some stuff to do such as writing and being active in SuperUMAn DAO. Right now, I'm also busy preparing and filing documents for our wedding.
If I have enough time, I'll surely commit my time learning it and to focus on trading since blogging income is lesser now both read and noise. I always prioritize things that I find more profitable. Trading is profitable if you just know how to do it better. Even if it's bear market now if you know how to play along with market, we can still make profit on it.
Sometimes, I even think that I should give up learning to understand indicators because crypto market is very volatile and does not follow technical indicators most of the time but giving up means I don't believe in myself anymore that I can do it. I also doubted myself that trading is not meant for me, but no, I believe I just lack enough time to focus on it.
Sometimes, I think I am too trying hard. But I like learnings, I could've joined channel that give signals that has VIP plans (which others doubt it is a wise plan joining paid group signals), yet I want to learn it on my own because I believe I am good at learnings. I just can't master how to apply what I learned.
I don't want to give up what I really like because I believe the moment I'll do it I'll be a failure indeed forever. I am willing to endure many failures just to learn than giving up without giving my best at all.
I just had the idea to write this because I read @Yen article that she's now doubting herself that she can't do what she's trying to pursue. I do feel the same, but I am not the type who embrace breakdowns, I fight with it instead.
Sometimes seeing others successfully doing what you are trying to pursue either give us inspiration or demotivation, it's just up to us what we choose to be inspired or be demotivated. If we compare ourselves with others that are doing better than us, it'll surely demotivate us but if we make them as inspiration that we can do better just like them it will make a big difference.
It's okay that we feel that way sometimes, because that's what makes us human.. to have different emotions, as long as we don't dwell on the the things that cannot be beneficial on us.
I'm still a failure in trading, but I'll try harder to trade better. Hopefully, in due time I can do it. Crypto market is also not good for now, so better not to stress out ourselves.
Quick write up while seeing Bitcoin fall below $20,000 and BCH nearly dropping $100 🤦
Thank you for reading!
Lead Image: Unsplash via Francisco Moreno
Recent personal blogs:
Time Is Our Ultimate Enemy When We're Busy & Enjoying
The Random It Gets, The More It Is Rewarded (Sometimes Not)
Becoming A Mom (Happy Mother's Day!)
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Date Published:
June 18, 2022 (Article #:8)
You should consider that as long as you're not stopping, you're not a failure. Then you just haven't succeeded yet. Once you stop without succeeding, that's when you've failed.