Many years ago I had my own business, I saw my friends every day, drank as many smoothies as I wanted (because my business was a smoothie shop) and I was … miserable. I thought that I would be happy by starting my own business, being my own boss, having no one to answer to… but I was wrong. What I found that I really wanted was time. I wanted time to do things I wanted to do (mostly surf good waves, keep in shape and spend time with loved ones). The business was a time sink, all of my time was at the smoothie shop, from 5am to midnight, 7 days a week.
One great thing about the smoothie shop was I put an air hockey table in the shop, so I did get to play a lot of air hockey, and that was fun. One of the bad things about the job was I still wanted to be a forex trader. I was trying and trying to consistently make a profit, and I found it very difficult to do. I found a company on the internet who offered forex trading signals, so I tried those, and they were pretty good. But the inevitable losing streak came and I lost confidence in the service, so I stopped my subscription.
Whenever I had a spare 5 minutes and an internet connection (wireless internet was quite rare back then) I tried to figure out how to find profits trading forex. I just knew there was a way to find profits in forex, but I was unable to figure it out. I spent years and countless accounts trying to get good at trading forex. I always lost money. Some trades were good, but in the end I would lose more money than I made.
Finally I left the smoothie shop, moved to another country and immersed myself in every trading book I could find. The librarians knew me on a first name basis because every week I requested books from the other side of the country through the interlibrary loan program.
I learned much.
My trading started to get better.
But now I was a “break even” trader.
Maybe you have been there… for every winner I had, I had an equal loser. As soon as I started making progress I would wipe out my gains with a big loser. I was still not making enough money to make a living trading. It was encouraging to see progress, but I still needed something to help me, I still needed to find that next thing that would ensure my trading success. Do you know what it was that helped me get over the hump? In the next post I will go into detail on what I did and how it helped me become a consistently profitable forex trader.