Jaye Trade Blogs

Struggling With Opinions.

Hello. Now that I got my first post out of the way and made a small introductory to my story, I want to get into the types of topics that my mind truly wonders about and sometimes has a hard time grasping. Relatively speaking, that’s most likely the types of posts I’ll be writing about often, as generally speaking I use writing as a way to express my thoughts, and thus also process them in a way that’s beneficiary to me.

Trading in and of itself isn’t a complicated topic. As with the details in anything, of course it has it’s complexities, but what I’m referring to right now is more so the human psychology behind trading, than the trading itself. If you don’t trade, you have no idea what to expect, where to start, or where you’ll end up. Outside sources in this field generally don’t have a grasp on what to expect to any capacity, at least in my experience from interactions with others, and honestly myself before I came to start trading and understand this personally. You make an effort to learn, but in order to learn without experience, you require reference, and with trading being such a mysterious topic for many in the world, it becomes quite easy to end up subject to some of the less than ideal situations in this space, like paying money to learn what to do, only to end up with barely more of an understanding. As people, we tend to look to our peers for input in order to understand something. It makes sense, its how humans have evolved and moved forward as a society and civilization, but in a competitive field such as this one, you have to be careful with who you trust. Now I feel as though me saying this is a bit of an oxymoron, kind of like if a stranger on the street tells you not to trust other strangers, but regardless of how it comes off, I’m just speaking my mind right now, and honestly you don’t have to trust me, I don’t expect you to. Generally speaking if you’re looking into trading, it’d be better if you learn to trust yourself first before trusting the words of others. In this case if you’re new to this field, I’m just talking on the subject and giving a heads up if you’re willing to listen.

I never ended up subject to paying others for my education in this field. I consider it a little bit of an accomplishment, mostly because I was able to learn everything I have using my own tools, knowledge, alongside the opinions of some, but specifically after vetting those sources, and to an extent reflecting on the words they said instead of following blindly. What I find fascinating (And quite honestly frustrating) is the power of the subconscious mind, and its ability to not only impose its thoughts on you without your awareness, but the lasting domino effects caused by something so minuscule, until addressed purposefully and thoroughly.

Trading Instrument and Change.

When I first started trading, as I said in my previous post, I started truly investing with crypto, so of course that was my default go to when starting the trading process. I slowly but surely moved away from that approach, and into something I feel I can manage and do better, which is how I ended up in futures trading instead. This jump and change alone was scary, as with any change in life, we never know what the outcome will be until after the fact, and the unknown is a very common human fear. One of the first pieces of advice I read on the internet, that apparently without my knowledge stuck with me, is to only practice one trading instrument, as when you’re learning, you want to familiarize yourself with a specific market, alongside its price fluctuations and trends. I believed I was applying this logic properly in my approach, but have come to understand recently that I was wrong.

When I went from crypto to futures, I felt as though I saw similarities between some of the instruments I was trading, and some of the ones I now had access to. This made me dive in with confidence that all the time I spent in the crypto market, which by this point has been years if you include my time investing, to use. “I’m still trading similar market patterns, so this way I didn’t waste any time.” I thought to myself. See, the issue I failed to realize here, is that I was caught in a sort of negative feedback loop. I was unknowingly letting the opinions of outside sources drive my decision making factors to probably one of the most important aspects of any trader, and that being what you’re trading. In my attempt to continue trading the same thing, I closed myself off from the growth I was trying to achieve by limiting my situation to one scenario. Trade only one instrument, and stick to it. My interpretation from reading those words was far mistaken. Don’t get me wrong, I believe it’s sound advice, but as with any advice received, its the applications of it that matter, and I had my approach all wrong. By limiting my market conditions to similar types of movements and shifts, I never gave myself the chance to explore what different markets move like, what they feel like, and how well my understanding of them are. I think the driving factor of this was fear. Fear of change. Fear of lost time. Maybe even on a deep level, fear of growth. We say we want things in life, and work toward achieving them, but a lot of times we fail to look deeply within ourselves, and say “Yeah, I’m going to put my best foot forward and do this.” At least for me, I realized that I’d been holding myself back in many aspects. Not only on a subconscious level with this sort of decision making, but honestly in the form of self acceptance, and the feeling that I deserve growth, that I deserve change for the better. Without even realizing it, I discovered something about myself I never truly understood. I didn’t feel I deserved growth. I didn’t feel as though I was worthy of my own acceptance, to relish in my own work, progress, and achievements. My self worth was worthless to me. As I’ve worked on overcoming myself, and continue forth on these stepping stones in my journey, I’m slowly surpassing these phases in my life I never thought I’d go through. It’s no surprise at this point that as I continue to work on myself, I naturally gravitate toward the success in my ventures. I think as people, often times we overlook our own emotions, and end up holding ourselves back without even meaning to. It’s so easy to blame outside sources for our own folly, instead of introspecting and asking “But what was my part in this?”. I believe that’s the moment that truly gravitated myself toward progress, and the ability to trust myself enough to make change for the better.

Appreciation.

If you’ve gotten this far, thank you for taking time out of your day to read this, it’s nice to know someone takes interest in what I have to say. I hope this message finds you well, and maybe left a positive impact. We don’t always realize the effect our thoughts and words can leave on others, but all I can do personally is hope I got my message across to the best of my ability, and that maybe these words will help someone facing their own battles.

I appreciate your time. – JayesusR