On the chart is a visual I see the other day that I feel relates to trading massively.
It's called the comfort zone map.
This can be applied to many situations in a person's life as a generic visual map.
But I really do think it represents the journey every trader must take in order to become successful.
COMFORT ZONE It's where we all start any journey Sat in the comfort zone not wanting to leave as we dont want to fail or get hurt. Some will stay in this zone forever but will never progress. If you are on TradingView looking at this idea then chances are leaving this zone is already being explored. We all like this zone put you have to take the leap of faith in order to progress. As traders we all have to leave our comfort zone in order to start our trading journey.
FEAR ZONE This is the worse zone for any human on any sort of journey but more so for traders. Things are really uncomfortable in this zone and pain will be felt. Mistakes will made, as traders money well be lost but key bit is learn from those mistakes. Plenty of people will turn their backs at this point and jump back into the comfort zone. Those who carry on trying to achieve will have other people questioning what are they doing. Don't let opinions sway you and find a way to find your feet in this zone. You will lack knowledge, You will lack skills at the start but traction comes with hard work and persistence.
LEARNING ZONE The traction gained and hurdles overcome in the fear zone leads you to this zone. Once in this zone it's now all in the eye of the beholder. This is now the new comfort zone but don't drop the ball you can end up dropping back in this zone. Now's the time in this zone to really kick on but it can take time. You are now laying the foundations of an exciting future. Take the base knowledge gained and gain even more in this zone. Problems are no longer holding you back as you are able to overcome. You enjoy the challenges and tackle them head on while still learning. Putting the time in here takes you to the next step but also stands you in good stead for rest of lives hurdles.
GROWTH ZONE This where the fruits of your labour are felt but not just in trading profits. Mindset and contentment are on point. Due to the above continued learning never stops. Objectives are now smashed. Purpose and fresh identic is now found within yourself. Continued Personal growth as well as financial growth is now a element of life. In this zone the end game is infinite but shouldn't be taken for granted. Hard work has got you here but don't get complacent. Treat everyday as an opportunity to fulfil your life even more in many ways not just money. You earnt the right to be in this zone so enjoy. But be grateful in this zone and take nothing for granted. Stay level headed and with the right mindset this becomes your new comfort zone to enjoy forever.
Enjoy the weekend folks and see you next week 👍 Darren✌️
Honestly i really don't know what is wrong with me every time i analyze it goes to my direction but for some reason i lack patient and confidence i feel like the worst trader out there☹️☹️.
RotanimreT
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@samuelajayi258, Here is the good book for you to read "The chimp paradox" , enjoy .
bratx989
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@samuelajayi258 fear not, you can always find someone better than you and worse than you. Say hi to the person worse than you. 🙋♂️
samuelajayi258
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@bratx989 Lol 🤣 that would be the day i just want to be profitable i Paid for a 100$ fx class by a professional trader but it seems I've learnt nothing 😢😢 honestly the start is always hard and i feel like killing my self because the emotions is on bearable.
bratx989
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@samuelajayi258, I get it. My emotions or inability to control them is a gigantic liability. I love every single second I’m immersed in researching and developing the aspects of possible investments or trades. But absolutely despise losing money. Its especially tough for me to accept failure when I feel like I’ve done everything right and then see nothing but big red numbers for months on end. I’ve def made my share of dumb seemingly ‘drunk trade’ stupidity. But we also have to take a look around at the entire financial debacle. I’ve had seasoned market veterans remark at the unusually bearish tone this market has taken. It will recover. It always does. Hopefully we’re smart enough to figure out how to make it to the eventual Bull run.
samuelajayi258
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thanks for the advice i just hope and pray one day i become a profitable trader 😟😟.