In the grip of fear
Most retail traders who are really trying to bring their trading to the next level endure the same problem. The problem is fear. This can be fear to lose it all, fear to give back their newly made profits and most of all, fear for the unknown.
A very common question is ''how to overcome the fear after taking lots of big losses''. This is a question I had to ask myself many times. In the beginning of my journey I endured loss after loss without knowing and realizing why. To become more consistent I started trading more and more.. Hopefully you all realize this is the most stupid thing to do. If not, now you know it is. I also opened positions that were way to big for me simply because I ''thought'' the price would move in my favour. Never think the price will do so just because you think it will.
Realize and evaluate
After about six to twelve months I realized I would not get anywhere with what I were doing at that time. I had to get away from my desk and screen, I had to reevaluate my actions. This was very hard for my as I had to completely step out of my daily routine.
The first days felt exactly as I expected. It was almost as if I were enduring withdrawa…