Eventually All My Forex Market Option Trading Ventures Started Going Downhill




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The Nicholas Darvas Forex Market Option Trading Success Story (part 53)

The first day I was quite unperturbed by this taut, electric atmosphere. With my success behind me I felt I was above the anxieties, hopes and fears of these tense people. But this did not last long. As I began forex market option trading day to day from the board room, I gradually abandoned my detachment and started to join them. I opened my ears to the confusing combination of facts, opinions and gossip. I read the forex market option trading letters. I also started to answer questions like, "What do you think of the market?" or "What do you know that's cheap?" All this had a deadly effect on me.

In a few days of forex market option trading, I threw overboard everything I had learned over the past six years. I did everything I had trained myself not to do. I talked to brokers. I listened to rumors. I was never off the ticker.

It was as if the "get-rich-quick" forex market option trading demon had gotten hold of me. I completely lost the clear perspective I had so carefully built up through my cables. Step by step I led myself along a path where I began to lose my forex market option trading skills.

The first thing that deserted me was my sixth sense. I did not "feel" anything. All I could see was a jungle of stocks running up and down without rhyme or reason. Then my independence went. I gradually abandoned my forex market option trading system and adopted the attitude of the others. The first thing I knew, I was following the crowd. My reason forsook me and emotion took over completely.

It is easier to understand how difficult it was for me to cling to my forex market option trading system if I explain it this way: Yell "fire" in a crowded theatre and what happens? People rush for the exit, killing, injuring each other. A drowning man will struggle, grasp his would-be rescuer and perhaps pull him under too. They are unreasonable, wrong attitudes, yet instinct will dictate them.

As I followed the crowd I also started to act like this. Instead of being a lone wolf, I became a confused, excited lamb milling around with others, waiting to be clipped. It was impossible for me to say "no" when everybody around me was saying "yes" to their forex market option trading offers. I got scared when they got scared. I became hopeful when they were hopeful.

Nothing like this, not even in my first novice years, had ever happened to me. I lost all my skill and control over forex market option trading. Everything I touched went wrong.

I behaved like a complete amateur. The careful forex market option trading system I had built up collapsed around me. Every transaction ended in disaster. I put in dozens of contradictory orders. I bought stocks at 55. They went back to 51. I hung on. Stop-loss? That was the first thing I threw away. Patience? Judgment? I had none. Boxes? I forgot about them.

As the days went by the vicious circle of my forex market option trading operations started to look like this:

I BOUGHT AT THE TOP As soon as I bought, the forex started to drop I became frightened AND SOLD AT THE BOTTOM As soon as I sold, the forex started to rise I became greedy AND BOUGHT AT THE TOP.

I developed a tremendous frustration for forex market option trading. Instead of blaming my own stupidity, I invented different reasons for my failures. I started to believe in "They." "They" were selling me dear. "They" were buying forex from me cheap. I could not, of course, tell anyone who "They" were - but that did not stop me from believing in them.  

 

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