The best way to overcome this is to listen to successful traders and see how they trade and how their month plays out.
Trading is a business not a get rich quick scheme.
My advice is for you to stop worrying about the fact that you only have $10,000 in your account and start realising that a good Forex trader is as rare as gold dust, so there is always an imbalance between traders and investors.
What this means is that if you can trade well over a sustained period of time and prove it, i.e. get your account audited by a third party for verification you will have absolutely no problem finding capital to trade, I can promise you that much.
So don’t think about trading and living off your own small account start thinking about how you are going to trade consistently for 12 months and become one of the hottest commodities around!
Another problem is having a pre set figure of how many pips or what % you should be making every week or month.
Again, if a large fund is looking at your trading record with a view to taking you on as a trader they couldn’t care less how much you made all they are concerned with is your risk management and how consistently the account has been traded….as long as you achieve above average returns (which is about 20% Per YEAR) and your trading looks low risk and consistent you will find yourself very popular with these kinds of investors.
So once again, forget about making “X” amount of pips or a certain % and focus on trading consistently to your trading plan. It is this that will bring you trading wealth.
Also you need to expect losses and also, you don’t know when the losers will come, so that means that it’s quite possible for you to have losing days and even weeks, and months.
If you expect these as possibilities, it won’t affect you when they occur.
Forgetting all of these unrealistic expectations is easier if you’re focusing on something else, such as trading consistently and following your plan and the best way to keep this consistency on track is keeping a trading diary, as mentioned above.
One more thing to keep in mind is that you can’t be anyone else, you are who you are so you have to find a way of trading including a risk level that suites you.
So when you hear of another trader and see how they trade or how much they risk you must avoid trying to copy their exact method because it’s easy for them to stick to but it may not work the same for you. You must be an independent thinker in forex, learn for yourself and come up with a way to trade consistently that works for YOU.