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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 ! )

 

” Culprit #1 ” On What Caused Most Forex Traders To FAIL !

Why Most Forex Traders Fail

Why Most Forex Traders Fail

Dear Valuable Friends,

Am sure by now

this sentence is no longer new to You  :

Successful Trading is About => 70% PSYCHOLOGY +  20% Money Management + 10% Trading Strategy

And this is mine own version :

( having been involved in this brutal trading game for 10years+ now …)

”  Successful Trading is About :

1)  70% PSYCHOLOGY + The RIGHT EXPECTATIONS + The RIGHT MINDSET …..In One !!

+

2)   20% Money Management

+

3)  10% Trading Stategy

( & must be mainly based on Price Action …..

else no use…because Price Action is NOT Lagging…)

Let’s say You seriously want to rely on trading
to build up WEALTH

( for Your retirement in future…..to buy Your dream house….or dream car….etc )

or

…to build up a ” bigger account size ” first

perhaps aiming to GROW Your current small 5k account into 100k

So that by achieving a ” realistic ” 5% to 10% GAIN per month “….. from a 100k account

…that’s already a Nice 5k to 10k Profit for You to spend each month

And from there , You will trade with a ” Total Inner Peace “…..

instead of constantly having to experience =>  GREAT FEAR & STRESS

when You were chasing HIGH INSANE GAIN……..

…because of the fact that ……Your account is way too small..

See how IMPORTANT a ” BIG Trading Account Size ” is now ….right ?

And for those who really MAKE very GOOD income trading

their account would be in the MILLIONS at least…..

that’s why they can live the HIGH LIFE…..and yet so much FREE time too  !

I can definitely ” understand ” that by now as well ! ….* ahem *

That’s why I keep sharing ” Proper Educations ” to You guys….all the while.

But if You DO NOT even have the ” Right Expectations & Right Mindset

…to start off with…

..You will be only chasing ” unrealistic target ” …..

Yes…sometimes You would get ” luck ” and win big

….but soon…You are going to LOSE IT ALL back to the market.

Because You were merely ” Gambling “..

and in any form of gambling…..the HOUSE always WIN….eventually.

COMBINED with the fact that You are having a ” Stubborn MINDSET ”

and simply NOT WILLING To change Your ” ( Wrong ) Expectations ” at all…

…how to even expect to SURVIVE ….in the long run ?

In order to COMPOUND Your current small account size into a BIG ONE…….right or not ?

That’s just the tip of the ice-berg though….

For most, they definitely understand that to be a Successful Trader

one’s PSYCHOLOGY contributes 70% of the entire the Winning equation.

But the ” funny ” thing is that..

….most are only keen on chasing after the so called….. ” best trading strategies “….

which contribute ONLY 10% to the Successful equation though

And most of the time….

….most would happily IGNORE the 70% PSYCHOLOGY NEEDED

as well as the 20% MONEY MANAGEMENT REQUIRED

as they are only keen on chasing after ” strategies ” only….

They believed that’s all they need……in order to become a Winning Trader……that’s why.

Which is why statics have proven ( again & again ) that MOST would SURELY FAIL ….

in this trading game…..eventually.

And the WORST is this :

” Even if one KNEW that PSYCHOLOGY is very CRITICAL to one’s Trading Success

but it’s been proven that it is literally IMPOSSIBLE for one to KNOW

whether has he / she has already DEVELOPED the PSYCHOLOGY REQUIRED…..or not ! ”

It is not like the case of :

if we would like to check whether we have any pimple on our face or not

…we can simply look into the MIRROR

and we would be able to SEE it very clearly…

Can You look into a MIRROR to check if You have the

RIGHT PSYCHOLOGY REQUIRED or not ?

You can’t

Can You ask Your parents / teachers in school / your friends …..?

They would NOT know either.

The ONLY way to tell whether do You have the RIGHT PSYCHOLOGY or not

is when You are able to ” Win Consistently & Confidently ”  ( with occasional losses …..of course )

at the sametime…

….You are enjoying ” Inner Peace & Harmony ” within YOU !

Instead of feeling mainly ” STRESSED-OUT……..FEARFUL….” …..all the time….

and yet ONLY suffering ” Consistent LOSSES mainly “…

See the HUGE Difference between the 2 situations above ?

That’s ( Situation 1 ) when You would KNOW that You have INDEED attained the

RIGHT PSYCHOLOGY for this trading game..

🙂

And for 90% out there who FAIL and never return again to this trading game…ever..

the NUMBER #1 CULPRIT is this aspect :

” NOT KNOWING THEY ARE NOT HAVING THE RIGHT PSYCHOLOGY

…& NOT KNOWING WHAT THEY LACKED IN THAT AREA !! ”

SOLUTION to overcome this CULPRIT #1 ?

That’s why we have to keep a ” Trading Journal ” to CONSTANTLY keep ourselves in check !

This was how I MONITORED MYSELF last time while still a struggling newbie !  ( 10years back that is )

Well….there was NO ONE to ” monitor & assess ” me…..so I HAVE to do ” everything ”  myself

Each time I suffered a LOSING TRADE

besides writing what I have ” Observed & Suspected ”

the Possible reasons that caused my Loss are….

( could be => ” that’s not the set-up required “…..

could be => ” I have mistaken one of the element required “…..

could be that  => I entered purely on my own ” wishful presumption “….etc…etc…)

….I also wrote down =>  ” How did I FEEL THEN …..”   ( Emotionally & Psychologically )

( Mainly Anger ?   Acting On IMPULSE ?.. ….Too Stressed-out basically ?

……Fearful that’s why I EXIT or CUT-LOSS earlier ?

…..Waited for too long without set-up hence I FORCED myself into the market perhaps

and then only to REGRET after when met with Drawn-down ??…etc…etc…)

So I will ” piece everything together ” based on what I recorded

and then CONSCIOUSLY make it an effort to  remind myself

to look-out for them in my future trades

at the sametime, STRIVE to SUPPRESS as many of them as possible…

…and progressively ELIMINATE them OUT of ” me “…

Yes, it definitely needs alot of  ” Determinations & Discipline ” to SUPPRESS them

that’s why if one is NOT willing to constantly ” get out of one’s comfort zone ”

…there is NO WAY one can ” CHANGE for the better “…at all…

Which is exactly WHY…….in order to become a ” better trader ”

it is mainly about ” PUSHING ONESELF away from that OLD-SELF

and constantly ” Better Oneself “…..!

—————————————-

Trust me on this :

—————————————

1) STOP chasing after the so called ” best trading strategies ” ….starting today

2) FOCUS on just a Simple ” Price Action Based ” trading strategy will do

with clearly define Entry, SL & TP rules…

3) And instead of giving 90% or 100% of Your attention on just Trading Strategies

channel Your FOCUS + ENERGY into Monitoring & Developing the

REQUIRED PSYCHOLOGY ( 70% ) in You…

&  MONEY MANAGEMENT ( 20% )

You are going to SEE ” REAL Progress “….in no time

Confirm !

Just constantly remind Yourself that :

” This is NOT a game of SPRINTS …

Rather..

…it is a game of MANY ULTRA-MARATHONS …instead ! ”

Can You sustain the ” Speed that is possible for 100m /200m sprint…..”

…over a few Ultra-marathons ?

No way …right !!

Your Utmost Priority must be placed on ” SURVIVING for the LONG LONG time to come “…

Why ?

Because only by ” stretching over many YEARS ”

then You would be able to ” Accumulate & Compound ”

…Your current SMALL account

…into a REALLY BIG ONE..

Example again :

When Your trading account is only at 10k

You need to achieve 100% Gain per month

in order to achieve 10k per month to spend on

( and like I said before many times already,

there is no trader out there who is capable of SUSTAINING

average of 5% to 10% GAIN per month……lasting 3 to 5 years….at least !

You can GO LOOK AROUND if YOU DON”T BELIEVE ! )

BUT…

if Your account is at 100k ( or more )

…You just need to achieve 10%

..and You will achieve the SAME 10k to spend on

MUCH MUCH Less stressful…..isn’t it ?

🙂

And of course ….such ” Success ” is SUSTAINABLE

as You would be able to MINIMIZE YOUR FEAR & STRESS & GREED to the Lowest…..

These FEAR ….STRESS….GREED  are the ” most FATAL toxic  ” for any traders to experience

as they would ” mess up ” one’s mind…

& they would ” mess up ” one’s INNER PEACE too !

Which means Your mind would NOT be able to ” operate normally & efficiently “

like it normally could….anymore…..

how to expect ” Winnings ” in the long run ….right ?

:X

Alright, so much for this Culprit #1

I shall send more in the days to come

Don’t just ” read and forget ” about what I shared above

DO MAKE SURE YOU PUT INTO ACTIONS

IF YOU REALLY WANT ” REAL PROGRESS ” In Your Trading !

I DO NOT have any coaching program to offer You guys now

as all slots are filled

I am just trying to help You guys

before it is too late…

As I always said so :

” Once time wasted…..we CAN”T turn back time anymore …..! ”

Agree right ?

Thanks

—————————– —————————— ——————————

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