My name is Neb. I am a trader, NLP coach and master practitioner and EFT practitioner. I have more than 10 years of individual and professional practice in different areas of personal and business development. Currently working also toward my Advance EFT practitioner certificates, I am enjoying my everyday trading experience, but I am not in hurry to be everyday in trades and in the market, cause it will be always there for me.
My life time motto is that we all have resources to always do better and that we should learn from our experiences.
Learning trading is lifetime process. You have to learn all your life, cause market is always changing and always has a new lesson for you. Because it is changing, you have to change too and adapt from time to time to new conditions.
My main idea, starting this blog is to help traders to skip all so-called “master traders” who charge you thousands of pounds for teaching you secret trading methods, signals and indicators and doesn’t give you anything comparable in reverse.
To be successful trader you don’t need to spend thousand of pounds on trainings. You can maybe accelerate a little bit your learning curve regarding trading theory, but you can’t push forward practice and experience. And during this, you need to build your patience, discipline and get know yourself better. Nobody can teach you that, you have to build it by yourself, through greed and fear time. You have to learn how to stay calm, rational and risk averse, in hard times, time of temptation.
Believe me, you are probably doing the same thing I was doing. I am sure that I paid couple of thousand pounds on different trading courses and trainings. I was looking for some secret knowledge, for some special method, combination of indicators, which will earn me thousands if not millions. Trading industry want us to believe that trading is easy and all what you need to do is to open account, put some money into it, attend 1-2 seminars and tar-ha-ha, we are ready, money is coming. But if you have in mind that only 10% of traders are profitable and make big money, something is wrong here, don’t you think so?
On these trading conferences and courses what I got was nothing different from what I have read in books. They were using moving average cross over systems, Bollinger bands, Donchian channels and etc. Some of them were using “special” combination of these, “never used before”. But nobody was showing me what mind set I should have for particular method, how long should I trade to be profitable, what is the expectancy of the system. The more indicators they use, the more confused I have been. If they use less, I have been suspicious will I have “right” confirmation for the trade. Trading Forex, I was feeling that I need to be always near computer and in trade. Trading shares, I was trying to find fundamentally good companies, but my trading patterns haven’t been doing always well. And I was scared to the death to buy breakouts even trend traders have been historically earning a lots of money.
Martin Schwartz, one of the market wizards wrote in his book “Pit Bull”: “Your trading methodology has to fit your personality. You have to understand your strengths and your weaknesses. It took me nine years to figure myself out“.
Started to think about trading psychology, meeting some very good traders and slowly integrating my NLP skills in trading, I changed my position, my angle of view. In Forex trading, I pulled myself out from 15min and 1h charts to 4h and daily charts. This immediately affected how I saw market and also contributed to my patience and profitability at the end. In stocks, I stopped to hope and try to predict market. Everywhere, I was cutting my losses short, not letting them to build up. I scrap almost all indicators except couple of MA. My trading is now based on price action, support and resistance and channel lines. And the most important thing is that I am comfortable and in sync with my system. It fits completely my psychology.
It takes time to find trading systems that fit you and which will take you to financial freedom, but this is a process. You should not be in hurry and you should use every chance for learning something new. Your best friend on that path could be your trading diary.
To your success !
Neb
