08-19-2007, 09:54 AM
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Forex Leader
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Join Date: Nov 2006
Posts: 431
Thanks: 104
Thanked 85 Times in 51 Posts
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Quote:
Originally Posted by jgerousis
Fantasy Vs. Reality
The most important thing you need to check yourself for, if you want to be a professional trader, is the ability to identify your fantasies and quarantine them, as opposed to reality.
As a professional trade, I have been able to identify real forex issues, as opposed to dreams and fantasies. I have the ability to quarantine them, and put them aside. Without this skill, one can never achieve the goal of trading for a living.
I have ran across many traders, who dream of making millions, while they have a few thousand dollars in their accounts. One friend started with $2000, and wanted to be a full time trader! These are fantasies. Those people will try to open positions on a large scale, and thus endanger their account against margin calls, and thus a complete failure.
As I have mentioned in a previous tip, a 3% monthly gain on account is realistic. Amounts like 30% and higher, are just fantasies
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100% right! I totally agree.
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