How to Make your first one million dollars in the next 8-12 months.
Get a GFT $100K challenge account for $398 and scale up to $2M dollars in 6 months, you will also be receiving $500 monthly Salary aside from Payout.
A Thread 🧵
Repost this first Post ,
And ride with me👇
My journey coming up as a medical student and trader wasn’t so difficult
I usually tell people that appropriate scheduling and Discipline kept me on my ten toes and made my work 10X more effective even whilst attending classes
Below are 7 key things I did differently
A 🧵🪡
Backtesting means testing your trading strategy on past price data to see how it would have worked. Here’s why it matters:
1. Performance Validation: See if your strategy would have worked historically, filtering out weak methods.
2. Manage Risk: Backtesting lets you understand potential losses and improve your approach before risking real money.
3. Build Confidence: Knowing your strategy performed well in past markets makes you more confident in real trading.
In short: backtest to improve, reduce risks, and trade with confidence!
Here’s how to backtest with TradingView’s bar replay tool:
1. Open the Chart: Select your asset chart.
2. Activate Bar Replay: Click “Bar Replay” to go back in time on the chart.
3. Pick a Starting Point: Choose a spot in the past to begin.
4. Play Forward: Move one bar at a time or set a speed to watch price action unfold while you trade your strategy in a simulated condition.
5. Track Results: Log hypothetical trades to see if your strategy works.
Bar replay lets you practice trading and refine strategies with past data, risk-free‼️
I made no meaningful progress for the first 6 years of my trading.
What did I finally do that started my upward trajectory?
This is the ONLY shortcut you need 👇🧵
#MINDSET
For everything you become, there must be someone who believes or Believed in you, the person might be you.
You can’t wake up successful if you don’t believe you can be successful, many traders trade with a shaky mind set, they want to be successful but are scared to the point that they unknowingly doubt their capabilities to attain success.
The mind has been and will always be a great asset to help design your life, but only a few people can understand how optimistic thinking helps.
You are in a bad situation let’s say you lost a huge amount of money, the way you react to it and the thought process behind it, is what will either make you come back stronger or destroy you. For example, 2nd Week of August I went hard and lost over $50k that week, that is like 90m, I was really mad to be honest and I wanted to chase all my workers, it was that bad, but then when it was Saturday 10th August 2024, I told my self something that changed the whole thing.
1. The money I lost was huge, yes it was atleast to me, but I got that money from forex.
2. I got a car and a house from forex
3. I got all my wares and living my life through forex.
4. If it had gone as planned I would have made $500k in a week.
What caused this loss ? Fear …. I was sick and boom I wanted that adrenaline rush which only being profitable can give it is like a dopamine, I wanted that daily joy, which a trader gets when he hits a big amount of money, and boom it cost me.
After understanding what happened, I Learnt from the process, this year I started by risking $100 per trade which was 1% of my Acc, I then graduated to $500 per trade and now I risk $2k per trade which is still 1% of my Acc. What I learnt was that, when it is time to risk $10k per trade I will be natural and I won’t hurt at all, a loss in that scenario won’t affect me.
After the positive thinking my life went back to shape, and today I am making $15k - $25k weekly.
Your mind is your greatest asset, use it well and believe.
Nothing Ruins a trader more than GREED‼️
I can say this for a fact cuz I faced same when I was starting out
Until it ruined me
And I decided to never go back to my Vomit
The thing about trading vices is this;
There’s no textbook solutions/Advices for their prevention, when the outcome of your greedy outcomes hurt you enough, only then will you take personal cautions
And if you don’t
You’re just possessed😭