I agree, Waqar, there are far too many “furus” in this space. The real issue is that giving them a platform through podcasts or interviews only amplifies the problem. Many of these individuals make anywhere from $500K to $10M through subscriptions, "mentorships", and 1-on-1 “coaching,” largely driven by how polished their messaging is and how convincingly they sell so-called “secrets.” If proper audits were done before giving them these platforms, the impact would likely be far less severe.
I truly believe that if traders spent more time getting really good at anticipating, recognizing, and confirming major reversals in any market, most of their other trading problems would decrease significantly.
Focus on that. Once you master it, you’ll be able to milk a market trend, up or down by layering in intraday setups along the way.
When you have institutional order flow on your side, I don’t care what setups you trade, you’re already stacking the odds in your favour.
-Think you have a psychology problem in your trading? Go back to my first sentence.
-Always on the wrong side of the trend? Go back to my first sentence.
-Struggling with entries? Start back at Phase 1.
Get deadly accurate at this one thing and watch everything else fall into place.
#EURUSDBEARISHREVERSAL
How much data have you collected on your model? Have you verified that it’s profitable over the long run? And have you tested different risk scenarios and if so, what do those results show?
Once you’ve gathered reliable data, the emotional noise naturally decreases and you’ll start operating from clarity and confidence. Based on that data, you’ll know exactly what to do.