First Post ! Self-reflection about forex market

in LeoFinance10 days ago

It's Chinese New Year, and I want to wish everyone a blessed Chinese New Year 2025. I hope you'll become successful with everything you do and make the dream come true. All good things will come to you, and may you keep fit, be good in health, and earthly wealth come to you.

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THE PURPOSE

Beestingbuzzed was basically being created to keep my forex journal. It was the main purpose this account was created; other than that, well, anything that comes to mind, or maybe it can be called freewriting.


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I have been learning forex as long as I can remember, and if you ask me if I succeeded in trading, my answer is that I was stuck in forex. I lost more money than I made profit from it. I don't blame the market, but it was my attitude that was gambling from it. Just a few days ago, I burnt about $800 just clicking buy and sell, which is not a good habit in forex. I did make some money to do like that before, but it's not for the long term. It was just luck because forex is either buy or sell, and if your luck is high, you'll make some money from very low capital. Another thing that makes me lose money fast in forex is my stupid money management. Because of the gambling habits in forex, I'll go all in, and if the market goes wrong, my margin call is so low.

HAVE I BEEN SUCCEED BEFORE?

I used to succeed in forex, at least once upon a time before. Until I make enough money to make a house and travel, I stop trading and live on my savings from forex. I still live a good life for a few years (I think 5 years) with money that I make until I realise that I need to find money again because my savings were shrinking, and I start forex again. The market is very different now; it's not like what I used to see a few years back, and most of my trading technique was outdated since the psychology of the market is very different now.

HOW DO I RESPOND TO THIS?

The good things about myself are that I never stop trying, even if I keep failing and losing money. Like I say, I treat forex like gambling in my recent trading, and as a result, I have almost no money now. I remember that I used to make a journal of my trading before, and the discipline was very high; that's why this is the idea of this account being created. I will try to update my trading journey here every day on what market has the high potential to give profit to me.

The next step I took was to learn from basic again and find the right forex system for me. I'll be using supply and demand techniques, and I know many of you know how this system works. Another technique that I will be using is BBMA, which uses the Bollinger Band indicator.

WHAT WAS WITH HIVE MISSION ON MY HEADLINE?

I love #HIVE. For me, HIVE is a mind therapy for me. I can talk about anything that I want in HIVE that led to releasing tension in personal life. I also believe that HIVE has huge potential in the future; there are still not many people who know that HIVE exists; therefore, my target or mission with this journal was to reach 10,000 HP as fast as possible. Of course, it will start from 500 HP, 1000 HP, 2000 HP, 5000 HP, and 10,000 HP. It'll be my personal milestones in this journey.

HOW WOULD I MAKE THIS HAPPEN


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Along the journey, I will be withdrawing from my trading, and some of the profit will be sent as HP. I haven't decided how many percent would be the value, maybe at 50% or maybe 100% after profit; I don't know. The things that make me interested now are making things happen. Another way of doing this is to power up all the profit from every journal. I don't know how and why, but I decided to make this happen.

EXTRA

Another commitment that I want to commit here was to increase my $LEO token. As one of the platforms in HIVE, I think @leofinance has huge potential to grow. There were a lot of people that were sharing their ideas and journals in here, especially on finance. The community support proves that LEO was valid and will only grow stronger. Right now my LEO token is still zero, but my next target is 1000 LEO and growing stronger and more.

I believe that's all for the introduction. I have exposed a lot of my downtime and bad side of me, but it doesn't matter because all of that was history. The important part was reaching the goal that had been set with the right mindset. Thanks for the support, everyone.

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