Instant Gratification — how I survived

Almost every profession and business provides a safety net for its members. Your bosses, colleagues, and clients can warn you when you behave dangerously or self-destructively. There is no such support in trading, which makes it more dangerous than most human endeavors. The markets offer many opportunities to self-destruct without a safety net.

I know that because I was just exactly like that. I overtraded, didn’t wait for the right moment and perfect setup, went into the trade impulsively, did a lot of self-sabotaging, went greedy, risked more than I should have. It did it not only once but nearly for a year while studying the markets. It did hurt me a lot, both financially and mentally. It leads to losing my confidence which put me down even more. But I knew there is a way out and I managed to get out of the hole.

It was caused purely by short-term pleasure, not having in mind the long-term gain.
You have to change how you think in order to stop losing and begin your recovery as a trader.

To put it into perspective for those of you who don’t trade almost same story goes with food.
Bookstores are full of good books on dieting, but the world is still full of overweight people.
However, for most of the overweight people, the short-term pleasure of eating is stronger for than the delayed pleasure and health benefits of weight loss.