I have learned in this life, the more people try to talk you out of doing it, the more they try to explain how it can't happen like you envisioned it... the more you need to dig your heels in and remove their influence over you.
Everyone else retired broke, or still works.
Remember this.
Late last month, I had a conversation with a friend.
He decided to learn forex trading around the middle of last year after losing a lot of money in crypto. At the beginning, I guided him and told him what to focus on.
By the end of the year, he had made some profit, and he was really happy. I was happy for him too. But when I checked his trading history, I noticed a big problem, his risk management was inconsistent. It looked more like gambling than structured trading.
I called him and first told him I was proud of his progress. Then I pointed out the issue with his risk management. I explained how dangerous it could become, especially during a losing streak. But like most beginners, he didn’t take the advice seriously.
Fast forward to the end of January, he lost everything he had built within just one losing week.
At that point, he became frustrated and depressed. He wanted a way to recover quickly, so he decided to try prop firm trading. Unfortunately, he lost all the accounts he purchased. That was when he concluded that trading is a scam.
I knew it would be difficult to advise him in that state, but I still told him the truth, he could recover everything, but only if he became patient and followed strict rules.
To prove this, I deposited $30 into an account and decided to trade it myself, focusing only on A+ setups with proper discipline.
Within 3 weeks, I grew the account from $30 to $175. I even withdrew $61, not a huge amount, but enough to prove a point.
That was when everything changed for him.
He saw that trading actually works, but only for those who are patient and disciplined. Now, he’s back to studying and preparing to trade again, this time with a completely different mindset.
I showed him that it’s not about how much you start with…
It’s about how well you follow the rules.
THE AIM OF THIS CHALLENGE WAS ACHIEVED:
To show him that this industry only rewards those who are disciplined and patient.
#xauusd
It has been a few amazing weeks on #Xau lately. I hope for a clearer market next year. Gold should do some new things on the chart. Be careful as the market prints on new pages. Stay safe out there everyone.
You can't protect or position... but they can control when and where it opens.
Free market myth.
Livestreamers will piss and moan. Online village idiots can't see it. Neither do they understand what is coming.
Like a snare it captures them and they will not escape.
Volume profile didn't help you. Your algo didn't help you. Your supply and demand didn't help you. Your flags and patterns didn't help you.
Make your money, enter your trades and close those profitable positions.
What do you mean, you can't?
It is going to be a nice week on #Xau. I am bullish for the week, but would love to see how the market opens today. I want to see how the market reacted around the Bearish Fair Value Gap(FVG) before reaching for the Buyside Liquidity. The FVG should be an inversion. #Xauusdgold