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Tuesday, January 05 2021
Untold Tales from the Frightened Trader
So trading is scary stuff, am I right? Ok, so maybe the act of trading isn't so scary but the thought of risking your hard earned money is scary. Coming around to the idea that you might not succeed at this at first, is scary. And what if you NEVER get good at this? Having the realization that you are no where near as patient and disciplined as you thought you were is super scary! Finally, actually losing your hard earned money is downright terrifying.
Where did all those accomplishments I made in life go, (with seemingly effortlessness at that)? Had something changed? Did I forget how to succeed? Could I no longer accomplish a goal I had set for myself? Had I become mentally lethargic? I didn't think so. I still work in a job that requires assessment of complex medical situations and diagnoses. I have been trained to think critically. So what am I doing wrong? Why can't I make this work? Oh...psychology you say. Yeah this is 90% psychology and learning to retrain your brain to be used in ways you haven't previously been required too. So yeah, all that can be challenging, and that's where I fall currently. I have won some, lost some, won it back and lost it again. I'm still here though.
That's where FNL has made a difference. No, The difference!! This group of people has made all the difference in the world. It is a group of like minded individuals in that we all have a shared goal of making trading work for us. But we come from a myriad of backgrounds, skill sets, careers, and talents. We all have the goal to share those talents and skills with others in the group. They are there for encouragement and mentoring where they may excel, and learning from someone else who knows a different way of doing things. We respect one another and thus far it is like interacting among a family unit. Even better than the one who gathers at my Thanksgiving table too, let me tell you Ha ha.
Here, I know I can learn at my own pace and operate on a level comfortable for me and know someone always has time for me. I can persevere and apply that same tenacity that has gotten me everywhere I wanted to be in life. This too will work out and I will be successful. I truly believe that with the right group of people behind you and with you, failure simply isn't an option.
At the onset of this journey into the trading world, I was envisioning riches and luxuries similar to having won the lottery. Then I made the startling realization that this takes effort and work. I was willing to do all that...and I have. I vacillated between wild hope for my future, to doom and gloom at my abject failure. It's still sometimes a roller coaster but I have learned a zone now that keeps me on a more even keel and that is in no small way due to FNL. In any event, it's a ride that has benefitted me financially in so many other ways, but more than that, I feel enriched in the knowledge our members impart, and building relationships, and learning how this is all going to be life changing. It already has been life changing. Thank you all for that!
Posted by Rob B on 01/07/2021 - 08:54 AM
Lori, you are so correct!! Im 5 years in to trading. I have my great days, my average days and my not so great days. I think the thing that FNL has helped me more than anything is the collaboration among other traders that are in the exact same boat as me! My not so great days have become fewer.. Thank you for posting! Rob
Posted by Randy S on 01/09/2021 - 05:45 PM
Trading is the great equalizer, isn't it, Lori? It makes you face the man or woman in the mirror. I had similar thoughts about trading initially. I also come to realize there is no lottery to win, but a process to learn. That process is a journey - longer for some, shorter for others. I think the goal is to become comfortable with the chaos of the market, learn to identify what the market wants and be OK that you can't figure that out perfectly. You and FNL have helped me along that journey. Your comments constantly crack me up! I used to dread having to trade. Now I cant wait to get together and have fun trading!
Posted by Tom Wiseman on 02/17/2021 - 05:24 PM
You make the group fun Lori! Great Blog. TWW GOAT
Posted by Sally seabert on 02/24/2021 - 03:55 PM
Hey Lori. You're there too.??? I'm trying to get thru all of this, but a call might be in order. Still got my number?? or get it from Rob. Talk to me and tell me all about it. Sally