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 1)  Read This First

 

 2)  Why SO IMPORTANT To Keep A Trading Journal ?

 

 3)  Why Are You Always Late & Wrong With Trend ?

      

 4)  When You STRUGGLE when Account Is Small ?

     

 5)  Is Using Stop-Loss Really Protecting Your Capital ?

      ( HARD TRUTH ! )

 

 6)  Be " Slightly More Patience Instead " & Win More !

      ( Simple Yet Effective ! )

 

Archive for the ‘Forex Price Action’ Category

Is Using Stop-Loss Really PROTECTING Your Capital In Forex Trading ? ( HARD TRUTH )

Dear Valuable Friends,

Still relying on Stop-Loss to so called

=> ” Protect ” Your capital….right ?

But is using A Stop-Loss Really PROTECTING Your Capital

and would help You succeed at Your Forex Trading in the long run ?

Or it is only causing You to ” LOSE MORE UNNECCESSARILY ” ?

( due to Your Stop-Loss keep getting HIT too many times….UNNECCESSARILY )

Read on below and I shall unveal the ” HARD TRUTH “about using a Stop-Loss

( that no other would be sharing on )

Because MOST GURUS said that You ” NEED ” to Use A Stop-Loss

in case the TREND goes against YOU

and NEVER TURN BACK again…….right ?

At least You can protect Your Precious capital when that occurred……right ?

So You ” faithfully ”  use a Stop-Loss whenever You trade in the Forex market

as You believe that is ESSENTIAL to Help You to SUCCEED in the long run

………right as well ?

BUT….think about it :

I BELIEVE 95% out there are using ” Stop-Loss ” as well….agree ?

Then how come 95% are actually FAILING MISERABLY

in about 1 – 3 Years after ” trying ” ?

Should be 95% SUCCEEDING instead what……..right ???

( Since they are ALSO using a Stop-Loss to so called ” Protect ” their Capital !! )

Ever ( even)  THINK about that ……..or not ?

If You did NOT

then obviously You are just like MOST out there…..

merely ” following BLINDLY “…..that’s all !

( because the so called GURUS said so …..

* frown * )

———————————————————————————————

The ” NEVER – EVER – REVEALED ( NASTY ) TRUTH “

about using STOP-LOSS in Your Trading !

———————————————————————————————

Most of the so called Gurus out there are simply ” Painting the BEAUTIFUL things ” for You

but they do NOT disclose the ” DARK SIDE ” at all about using a Stop-Loss

Why are they NOT DISCLOSING THE DARK SIDE at all ?

Because which HUMAN does NOT like to hear ” BEAUTIFUL THINGS “……right ?

By feeding ” beautiful things ” to a newbie

It means most ” Naive Ones ” would HAPPILY BUY from them …!!

What these ” dis-honest merchants ” CARED about most => are simply PROFIT……that’s all

So what for telling You the ” DARK SIDE “…..

ONLY to PREVENT You from BUYING from them……right ?

SEE the ” DARK SIDE ” now…..too ?

————————————————————————————

Let me SPILL the ” UGLY TRUTH ” for You

….once & for all :

————————————————————————————

( Frustrating Scenario #1 )

When You are using ” Too SMALL ” a Stop-Loss

You are ALWAYS WORRYING about Your STOP-LOSS

getting HIT ” UNNECESSARILY ”

only to see the Price GOES THE WAY YOU WANTED INITIALLY !!

( Frustrating Scenario #2)

When You are using a ” STOP-LOSS TOO BIG “

You are also ( Constantly ) WORRYING that if Your STOP-LOSS gets HIT…

…..You NEED to work EVEN HARDER

JUST TO RECOVER the LOSSES to merely ” Break-Even ” !!

Yes….in Scenario #1 also Wrong !

…in Scenario #2 also Wrong !

It means YOU ARE Constantly FEELING :

=>  ” WORRIED….STRESSED – OUT….FEARFUL !”

as long as You are relying on a Stop-Loss to so called ” Protect ” Your Capital !!

Is this a ” Healthy State of Mind ” at all to SURVIVE in the long run ?

Certainly NO !!

( Foolish Scenario #3 )

Some ” ignorant traders ” even resort to ATTEMPTING something even more ” Foolish ”

which is :

They Actually TRIED to find out HOW TO PLACE A PERFECT STOP-LOSS

SO THAT IT WOULD NOT GET HITS UNNECESSARILY !! ”

But Why I Said It Is FOOLISH ?

Because right from the very beginning

the ” REASON ” of WHY You are using a STOP-LOSS

is because Your STRATEGY is NOT CAPABLE of 100% WINNING

right ??

That’s why You rely on a ” Stop-Loss ” to Control The MAXIMUM RISK

You would like to undertake

…..right ?

If that’s the case

how to even DREAM of finding out the PERFECT STOP-LOSS Placement ?

It just DOES NOT MAKES SENSE…..isn’t it ?

* frown *

Let me prove it to You using one of the ” most reliable ” set-up

that most are trading on :

( this is a typical textbook ” Illustration ” )

( This is a REAL LIFE version ) :

This Is How Most Would Trade This ” Reliable BULLISH Set-Up ” :

1) Price is in an Obvious Up-Trend

2) It has hit a point of Retracement now

3) Price has Retraced to the 50 – 61.8% Retracement Level now

( which also coincides with the Previous Resistance – Yellow Line )

4) Even a ” Bullish PIN-BAR ” has formed at that level

5) A very ” Ideal Set-up ” to BUY again

6) Stop-Loss placed ” slightly below the recent LOW ”

( But such shit happens after ) :

As the market is nothing but ” Chaos & Unpreditablity “

such SHIT would surely occur…again & again

and when that happened

We Have already LOST one trade and of course $$$$ in our account !

If these occurred a few times in A ROW

we would be LOSING ” a few times in a ROW ” as well

definitely would be ” HARD ” on our Confidence & Morale

Enduring on a short-term basis of maybe 1 – 2 years

maybe still ” Do-able ”

But how about 5 – 10 Years ?

I think that would already RUIN our Confidence & Morale ” TERRIBLY ” by then !

That is exactly WHY Majority 95% could NOT even SURVIVE for at least 3 – 5 years

in any financial trading game !

Now You understand I hope….

—————————————————————————

So HOW to OVERCOME THAT  ?

& NOT FAIL like Majority 95% ?

( I mean having to Constantly ” Worry “

about whether would YOUR STOP-LOSS

would GET HIT again ……UNNECCESSARILY

or NOT !! )

——————————————————————————–

( My Solution for You ) :

INSTEAD of  ( Foolishly ) finding the ” Perfect Stop-Loss Placement

You should strive to go for ( Only ) HIGH – ACCURACY Strategies !

Example:

If You are aiming 50 Pips

and Your Stop-Loss is also 50 Pips

Your Rewards vs Risk => 1 : 1

Let’s say previously Your Accuracy was => 60%

it means out of 10 Trades

You would WIN 6 => 6 x 50 => +300 Pips

You would LOSE 4 => 4 x 50 => -200 Pips

So You would Profit about => 300 – 200 => 100 Pips end of the day

Let’s say You now MANAGED to INCREASE Your Accuracy to 80%

it means You would be WINNING 8 => 8 x 50 => +400 Pips

and You would be LOSING ( just ) 2 x 50 => – 100 Pips now instead

End of the day, You would be Profiting => 400 – 100 => 300 Pip NOW !

See the ” Huge Difference ” when You can INCREASE Your Accuracy

from just 60% to 80% ?

And that’s what I mean by :

You should strive to go for ( ONLY ) HIGH – WINNING ACCURACY Strategies !

instead of trying to find the ” Perfect Stop-Loss Placement “

or wasting time learning strategies with ” Winning Accuracy LOWER than 70% ! “

See the ” Logic ” behind my explanations now ?

——————————————————————————————-

Now the HARD TRUTH about using a Stop-Loss

in Your Forex Trading …

——————————————————————————————–

One thing for SURE :

Whether You belong to “ Scenario #1 or #2 or #3 ” kind of STOP-LOSS TRADER

meaning as long as You are using a STOP-LOSS for Your trades

You are Going to ( also ) experience  :

HUGE AMOUNT OF STRESS + FEAR + UNCERTAINTIES

( due to constantly WORRYING whether => would Your Stop-Loss get HIT UNNECCESSARILY or not !! )

until You cannot take it anymore !

( some even HIT MENTAL-BREAKDOWN too ! )

Because as a ” normal ” human

who would want to be ” Constantly Worrying “…..right ?

Moreover, as we have NO CONTROL on the DIRECTION of the market at all

( unless You have TRILLIONS $$$ at Your disposal….

maybe still possible for You to MOVE the market at will ! )

it simply means You are  ” Worrying ” about something

that You do NOT have FULL CONTROL on !

That makes it Very ” Detrimental ”  indeed!

And that’s HOW Majority 95% chose to

( Painfully ) GIVE UP totally

after ” trying ” for about 1 – 3 Years  in this forex trading game

Well……..You might think I am talking nonsense here

Just try to RECALL this Scenario Yourself :

” How many times have You TRIED to REMOVE THE STOP-LOSS TOTALLY ?

or actually CHANGE THE STOP-LOSS to a BIGGER SIZE ?

just to AVOID Your Stop-Loss from

GETTING HIT ? “

I am SURE……many many times You have DID IT !

Because during my newbie’s days

I was also LIKE THAT !

It is just HUMAN NATURE !

Which ” Sane ” HUMAN wants to LOSE MONEY……right ??

IMAGINE…….You are only trading for a few months or at least 1 or 2 years NOW

already You are feeling the ” HUGE STRESS , FEAR & UNCERTAINTIES “ from using a Stop-Loss

( ..from constantly WORRYING that Your stop-loss would be HIT !! )

CAN YOU IMAGINE such ” STRESS + FEAR + UNCERTAINTIES

MULTIPLY by another 5 YEARS ?

x 10 YEARS ?

x 15 YEARS ?

It is ” On-Going ” ….for sure

because if You STOP trading LIVE

You CAN”T make PROFIT $$$ at all ……agree ?

Currently…..pehaps Your STRESS + FEAR + UNCERTAINTIES

=> 35% of Your MAXIMUM THRESHOLD


1 Year later ?

2 Years later ?

3 Years later ?

5 ?

6?

7 ?

10 ?

The amount of STRESS + FEAR + UNCERTAINTIES would ” SNOW-BALL

until You COULD NOT TAKE IT ANYMORE

( and that’s how some traders actually HIT MENTAL-BREAKDOWN ! )

Seriously…..do You want that to HAPPEN to You at all .?

I am SURE YOU DONT” WANT……right ?

But if You DON”T USE a STOP-LOSS at all….

One BAD trade

….there goes Your entire account => MARGIN CALL !

HOW like that ?

————————————————————————

SO THE SOLUTION TO OVERCOME

THIS COMMON OBSTACLE ?

————————————————————————

1) You should Strive to achieve HIGHER WINNING ACCURACY

don’t just settle for merely 50% – 60% on average

as most Professional Traders ” Avocated ” so !

Try to go for 70%….80%…..or even 90% Winning Accuracy !

It can be done

as long as You put Your heart & soul into ” Mastering ”

How To Trade With ( RAW ) Price Action in the forex market

and nothing else

Such as this =>  ” ( Pure ) Price Action Strategy Part 1 “

as well as this => ” ( Pure ) Price Action Strategy Part 2 “

Your ” Winning Accuracy ” would definitely IMPROVE SIGNIFICANTLY too !

Because You are now trading the ” Much More RELIABLE Set-Up ” in the market instead !

Makes sense right ?

Think about it this way :

when You trade with just ” RAW PRICE ACTION ” in the market

You are actually looking at the most ” Accurate & REAL-TIME ” data for Your analysis

( NON-Lagging at all unlike most of the technical indicators’ based strategies )

and no other strategies around would enable You to achieve that at all

that’s why !

2) To OVERCOME the ” Huge Amount Of Stress + Uncertainties “

( that are inevitable when trading any financial market with a STOP-LOSS )

the most ” Effective way ” to OVERCOME  such ” Emotion Demons ” is to :

=> Risk Small

Consider this :

When You risk just 2 – 5% per trade

You only feel ” ( slight ) STRESS + UNCERTAINTIES “……

BUT when You RISK A =>  ” scary ” 10% – 30% PER TRADE

of course Your ” STRESS + UNCERTAINTIES ” would also

MULTIPLY RELATIVELY

right ?

That’s only ” Logical “……

So why not try out the ” 2 simple changes ” that I suggested so far ?

If You do not try, You won’t know …right ?

Of course, if they are NOT ” Effective ” at all

I would NOT even bother ” suggesting ” them in the very first place….

* smile *

I KNOW that in this :

=> ” Why Majority 95%  Surely Fail Eventually ”  Section of my blog

I have been giving fellow traders (including You)

alot of ” Problems ” to find ANSWERS for….

WHY am I doing that ?

Because these are the ACTUAL PROBLEMS that would most likely

cause MOST TO FAIL MISERABLY eventually !

Of course if You truly WANT to SUCCEED

You got to find ANSWERS for such PROBLEMS too…….right ?

Else You Are MERELY

TRADING BLINDING….& HOPING FOR THE BEST ! “……

and You would Most Likely FAIL like the Majority 95% too eventually !

It is totally Nonsense if one simply chose to ” ignore ” that obvious fact now !

I know most of You guys would simply HECK CARE about such ” WARNING ” of mine today

because You guys just DO NOT KNOW HOW TO FIND ANSWERS at all !

It is just HUMAN NATURE to choose to ” Escape from REALITY “

when hits with PROBLEMS that are hard to SOLVE!

Remember :

That’s a ( truly ) LOSER’S MINDSET !

Instead of that, You should THINK like an ELITE:

( Meaning…..)  YOU do not RUN away from Problems

YOU FACE them and CONQUER them !!

Are You a LOSER to be ?

or You also WANT TO BE A TRUE ELITE as well ??   ( like me )

Well……Only You can answer that !

🙂

To Your ( True ) Forex Success & FINANCIAL FREEDOM,

Aaron Tan ( your trading friend  )

—————————————————————————————————————–


Risk Disclosure Statement & Earnings Disclaimer

The contents of this page are for informational purposes only. No part of this publication is a solicitation or an offer to buy or sell any financial market. Examples are provided for illustration purposes only and should not be constructed as investment advice or strategy. All trade examples are hypothetical. No representation is made that any account or trader will or likely to achieve profits or loses similar to those discussed in this page. The information found in this page is not intended for distribution to, or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to the law or regulation of which would subject us to any registration requirement within such jurisdiction or country. All the story, pictures, earnings, name used in this website might not be accurate. Do read at your own risk.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, IMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAYBE HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINGSIGHT. NO REPRESENTAION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

When Your Account Size Is Small, You Will Definitely STRUGGLE To Succeed Unless……

Dear Valuable Friends,

” When Your Trading Account Size Is Small

You Will Definitely STRUGGLE To Succeed At This Forex Trading Game ! “

( Proven after I personally communicated with over 10,000 newbies these 6 years+ ! )

If You are truly serious on AVOIDING this ” common DEADLY obstacle ”

( one that caused most to FAIL eventually ) ….then read this entire article very carefully

as it would definitely help make Your Learning Journey ahead MUCH EASIER !

Ok….let’s start !

Ever since I started my Newsletter service back in 2009 FEB

sharing ” Valuable Forex Strategies & Trading Tips ” for F.ree

( through my Forex Trading Empire blog )

I have the opportunity to communicate with over 10,000+ ” inspiring newbies “

from all over the world…..

from all walks of life…..

Yes, if  I did NOT decide to start a Forex trading blog back in 2009 FEB

I would NOT have such opportunity to communicate with so many

Newbies & Traders from all over the world !

It is certainly Worth every single SWEAT put in for the past 6 Years+ !

( though at times I really just want to give up then as there are just

TOO MANY EMAILS to be Answered every single morning !)

But having ENDURED so many years now,

I can certainly say that I can indeed feel a SENSE-OF-SATISFACTION !  )

( enough of grumbling……let’s continue )

————————————————————–

One thing I noticed is that :

————————————————————-

MOST would ” give up Trying ” this forex trading game

after about 2 – 3 Years !

For those that ” hanged on still ”

they are only ” barely Surviving “

or still in a ” Deficit “

because of the ” HUGE Losses ” that occurred at some point

during the past 2 – 3 years trying this forex trading game

And whenever I ” looked back ” at those emails I exchanged

with those 10,000 readers again…

….surely I would notice something ” very common

about their PATHETIC situations

that is :

” They were ALL trading with a SMALL Account Size

in the range of  Usd$500 – Usd$5000 ( normally ) ! ”

Back then ( around 2010 – 2011 period )….

I seriously Don’t Understand why MOST of them shared such ” Common Failure ”

( although I came to know that they are all trading with a Small $500 – $5,000 account size )

Hence , it really made me wondered about :

is it SOMETHING to do with their ” SMALL Account Size ” ….at all ?

So I spent the next 6 – 12 months after that

to ” Study and Research ” very intensively into this area of :

SMALL Account Size

vs

One’s Trading Success

( especially how they would IMPACT on one’s TRADING PSYCHOLOGY ! )

———————————————————————–

And INDEED…..

this was the ” SHOCKING Truth

that I FOUND OUT :

———————————————————————–

1) When You are merely trading with $500 – $5000

kind of ( small ) account size….

……even if You CAN MAKE +20% Gain each month

that’s ONLY $100 – $1000 trading Profit for You

Enough to Survive on that small amount….. at all ?

I certainly DON”T think so !

2)  So how do the MAJORITY 95% ” compensate ” for the SMALL GAINS ?

( If he / she is NOT willing to INCREASE their account size……that is )

Well……..the ONLY Way is to AIM FOR EVEN MORE GAIN %

and the HIGHER ( More INSANE ) GAIN %……… THE BETTER !

( worst, they would always presumed it is ” Easy & Realistic ” to obtain ! * haiz * )

3) But the ( Serious ) problem with US ( Humans ) is that :

when we WIN => No Issue at all !

ALL humans can Definitely HANDLE WINNING ( SUPER ) WELL

agree so right ?

But what about when the ” Opposite ” occurred ?

You see…

when You AIM for +20% Gain per month

and ….

….You’re trading with the Conventional ” Stop-Loss ” way to protect Your capital

it is very NORMAL to experience Deficit in the range of =>  -40% ….or -50%  ( at least )

Yes => Double – EDGE Sword !

You can GAIN that much….

You can LOSE that much ( or more ) !

Agree so …..on this right ?

4) Now…..upon seeing that Your EQUITY has DROPPED to – 40% or – 50%  ( or MORE )

what would happen to Your ” Mental State ” then ?

Of course NOT HAPPY at all ………right ?

in fact……most would be ” Extremely ANGRY & Extremely STRESS-OUT ” !!

————————

Here’s Why :

———————–

Let’s say Your ” initial ” Equity is => Usd$1000

& when Your EQUITY is DOWN to merely 50% now

….it means YOU NOW ONLY HAVE Usd$500 LEFT in Your account !

( and here’s the MOST FRUSTRATING ASPECT ) :

In order for You to ” Recover ” another Usd500   ( back to the Initial Usd$1,000 )

using the current EQUITY of Usd500 …that is

=> That would REQUIRE YOU to Achieve => A ” 100% RETURN ” !!

It is NOT just recovering ” 50% ” anymore

although You only LOSE 50% from previous Equity of $1000 !!

YES !! ….You are hearing it right !

You have to WORK DOUBLE HARD NOW

in order to ” Recover ” Your account to the Usd$1,000 previously !

See the HUGE ( Demoralizing ) DIFFERENCE now ?

————————————————————————————————

That’s the ” Exact TRIGGER ” when MOST

would go into such => ” Self-Sabotaging ” mode :

( because they simply CAN”T STOMACH the fact that

they now have to WORK DOUBLE HARD

in order to regain to the Initial Usd$1,000 previously ! * frown * )

————————————————————————————————-

1) They would then START TRADING =>  with a ” ( Super ) REVENGEFUL ” Mindset

because he / she is BLAMING the market for making them LOSE !

( Very FATAL with such Mindset )

OR

2) They would START TRADING with =>  ” EXTREME IMPULSE “

because the ” URGENT NEED ” to get their account ( back ) to

at least USD1000 again  ( the initial size )

as they CANNOT ACCEPT the fact that their account has DROPPED

to merely Usd500 now !  ( – 50% DEFICIT ! )

=> They URGENTLY WANT to recover the previous losses

=> They URGENTLY WANT to grab even MORE PROFIT

( as fast as possible ! )

else they would have NO $$$$$ to spend this month !

( which is a very TROUBLING PROBLEM at that moment ….that’s for sure ! )

——————————————————

3) Hence, what do they do next

when such ” Emotions’ Devils

hit them ?

—————————————————–

Yes…..they would ” FORCE themselves ” into the market

and taking up ” RANDOM Buy or Sell trades

even ” Falsely PRESUMED ” that …..

they are INDEED the kind of ” Profitable Set-Ups ”

they SHOULD TRADE ON !

Because in their Mind then

it is only filled with this ” Fatal Thought ” :

=>> MUST RECOVER THE LOSSES FAST !!

and made them totally BLIND to other ” Risks ”

which they should CRITICALLY consider too !!

* Very VERY FATAL ….indeed ! *

4) And…… How do they ( Normally ) try to Satisfy

the SUPER URGENT NEED to ” Recover ” their Past Losses ( FAST )?

ONLY ONE WAY

that is :

=> They would Go in with ” Freaking BIG LOTS ” !

At the sametime….even ” ( Stubbornly ) CONVINCED ”

oneself into :

FALSELY BELIEVING that with the particular ” Set-up ”

that they are Buying or Selling on ( then )

it is a ” MUST  – WIN -At – ALL-Costs ” kind

( as they simply DO NOT ACCEPT LOSING anymore

….at that SUPER-IMPULSIVE moment ! )

hence even if he / she is going in

with ” FREAKING BIG LOTS SIZE ”

it is ” NOTHING WRONG ” at all !!

Yes….they totally ” DON”T GIVE A DAMN ANYMORE ” about :

” How HUGE ……& HOW HEAVY the LOSSES would be for them

if they are WRONG !

Basically, they are ” STUBBORNLY ” Only Want to See => ONE OUTCOME

which is that :

=>  they would WIN FOR SURE ( & MUST WIN ) !

And once You ” entered ” into such PHASE filled with EMOTION’s DEMONS ….

it is literally IMPOSSIBLE to ” Turn Back Anymore “….99.9% of the time

that’s when it would lead to one LOSING ALL CAPITAL  ( MARGIN CALL )

and then make You FALL DAMN HARD ……

=> feeling ” Extremely Disappointed + Devasted & Hopeless ” ……after !

Some of the ” More Aggressive + HOT TEMPER ” kind

they would ” Deposit ” MORE FUND again

and simply do the SAME THING

( Extremely URGENTLY ) wanting to FIGHT BACK their losses

in order to PROVE that they are NOT LOSERS after all !!

YES !!

Exactly like being trapped in ” Quick Sand ”

the more You try to STRUGGLE

the MORE SEVERE & FATAL it is…

as You would ” SINK MUCH FASTER IN ” !!

——————————————————————————————-

But by simply STOPPED TRADING the moment

Your account dropped to  – 10% or – 15%

( & Stay STILL really CALM )

——————————————————————————————

But on the ” other hand ”

IF

You did NOT choose to AIM for +20% kind of Gain

but just +5% kind of Gain

and the moment Your Suffered a FEW LOSSES in a row

( due to Your Stop-Loss being HIT consecutively ….)

with Your Equity dropped to – 10% or – 15%…

…IF You quickly STOPPED ALL TRADING then

…step aside and re-assess the entire situation carefully again

( while still staying COMPOSE & CALM )

…..You would even NOT hit such – 40% or -50% kind of Nasty Deficit …..so easily

right ?

As such, You would NOT be landing Yourself in such ” FATAL ” situation

that majority 95% would SURELY land into

And by ” Avoiding ” such FATAL Situation

( one that has PROVEN to lead into a ” MARGIN CALL ” situation for most )

it is already a ” Beautiful Battle ” WON on your part

because You STILL have YOUR CAPITAL to ” Continue To RECOVER ”

the previous -10% or – 15% losses

and that is certainly much ” EASIER ”

then when You URGENTLY HAVE TO RECOVER  ” 100% ” kind of situation

makes perfect sense ….right ?

See the kind of ” Trading Mindset ” I have developed till date now ?

( since started trading as newbie back in 2006 )

———————————————————————–

Just like What Warren Buffet said so :

1) The First Rule Is NOT To Lose !

2) The Second Rule Is Never To Forget Rule #1 !

————————————————————————

And this is my Own ( Aaron Tan’s ) Version :

1)  The First Rule is NEVER Allow Yourself To Even

Enter The ” SELF-SABOTAGING or REVENGE TRADING “

Kind of Nasty Situation !

2) The Second Rule is NEVER TO FORGET RULE #1 !!

————————————————————————–

Because as long as You can AVOID a situation that

would lead You to suffer a ( Fatal ) MARGIN CALL

it means You would still have =>  ” ENOUGH BULLETS ” on hand

to handle MORE ENEMIES in future !!

Makes Perfect Sense ….right ???

* smile *

But of course

after reading what I shared today

most would ” Confidently ” tell themselves that :

” they would NEVER allow themselves to even get into

the SELF-SABOTAGING situation “

but after YOU experienced a ” few losses in a ROW “…

YOUR mind would NOT be able to STAY

=> ” AS CALM & LOGICAL “….after that

( Yes…the typical =>  ” Saying is easier said than done ! ” )

Please be ” Aware ” of the Level Of DIFFICULTY Needed !

Never fall prey to believing that as long as You READ enough ” Theories “

about Trading Psychology..

…then You already have the WINNING PSYCHOLOGY of the TOP 5% Elites out there !

Alright

so much for this email today

Do make sure You really BEAR what I shared above

it would BREAK OR MAKE You …eventually

I am truly serious …

Of course, I presume You would WANT to be a TOP 5%  ( too )

instead of

=> ONE who always ” Entered ” into the SELF-SABOTAGING situation

and LOSING Your entire account  ( due to Margin Call )

…..one after another………..again & again…

right ?

——————————————————-

Remember these Wisdom :

——————————————————

“He will win who knows when to fight and when NOT to fight.” – Sun Tzu

” Successful in investing doesn’t correlate with I.Q once You’re above 125.

Once You have ordinary intelligence, what You need is the temperament to

control the urges that get other people into trouble in investing …” Warren Buffett

Thank You for reading this far

Let me know if You have any questions for me

To Your ( Real ) Forex Success & Financial Freedom,

Aaron Tan ( your trading friend )

Risk Disclosure Statement & Earnings Disclaimer

The contents of this page are for informational purposes only. No part of this publication is a solicitation
or an offer to buy or sell any financial market. Examples are provided for illustration purposes only and should not be constructed as investment advice or strategy. All trade examples are hypothetical. No representation is made that any account or trader will or likely to achieve profits or loses similar to those discussed in this page. The information found in this page is not intended for distribution to, or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to the law or regulation of which would subject us to any registration requirement within such jurisdiction or country. All the story, pictures, earnings, name used in this website might not be accurate. Do read at your own risk.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, IMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAYBE HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINGSIGHT. NO REPRESENTAION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.


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