February 2016

  If you are anything like me, the first time you saw the ‘lot’ ladder, you looked straight at the sum of money per month that you want to earn, you scanned left and saw how many weeks that correlated to in a perfect world scenario, and that somehow unconsciously became your expectation.  Am I right?
  Then, maybe you started getting beat up a little bit learning how to trade competently, and suddenly frustration, dare I say desperation started to set in because that mental expectation of ‘when’ you might be earning your dream trading income starts to get pushed further and further out into the unforeseeable future.
  This is when the negative dialogue I talked about in the last blog starts to set in and before you know it, the dream you had not long ago starts to become more and more vague.
  “Success consists of going from failure to failure without loss of enthusiasm!”
~Winston Churchill
  Well, here is what I can offer.  The law of reaping and sowing is biblical.  But remember, it is the farmer who is a diligent and persistent sower that reaps a plentiful harvest.  Certain retail traders make a fortune in each of the different financial markets.  However, anything that has the power of the forex market is not going to happen overnight.  In fact,
  “It’s going to take longer than you want, however when you get there and look back, it’s not going to seem like it took long at all.”
~Jeff Olsen
Your biggest successes are going to come in the last 20% of your journey.  This is not for the weak or the faint of heart.  Businesses of every type require sweat equity with little and often no return in the present, to gain high return for little sweat later.  This is no different.
Remember that the destination of two men is determined largely by the books they read, the people they surround themselves with, and the questions they ask themselves.  
Measure your days and trading sessions by this metric and no more!  Let the answers to these questions become your ‘diligent & fertile seed.’
  Did I learn anything today?  What could I have done differently?  What will I do in the future to not repeat the same mistake?  Have I ever gotten into a positive trade?  Could I ever get myself into another positive trade?  Have I ever taken a trade that was a bigger positive than any other negative trade I have taken?  Have I ever learned anything ever? (like how to read, or walk, or drive, or the current job you do, or a sport, or to play an instrument?)  Could I learn to eventually take more positive trades than negative?  Could I do that consistently?  Do I screenshot & Journal all of my trades?  Do I review all of my trades good & bad?  Do I celebrate my successes?
  Someone once said, ‘the darkest hour is that before dawn…’ but remember, if you are in your darkest hour or you think you are, the way out is by asking yourself all of the above questions and doing the heavy lifting emotionally to make it through.
By Payton Parnegg