YOU MUST LEARN TO EMBRACE LOSES TO BE PROFITABLE AT TRADING FOREX.
As a trader, for you to master the act of profitability, you first must know how to lose.
Open this Thread 🧵
• Monday: Trade got to 2R and reversed back to SL.
“I’ll take partials tomorrow”
• Tuesday: Trade at 1.5R
“What if it reverses”
*You eventually close the trade at 0.5R. Trade proceeds to hit full TP of 4R*
“I will wait for full TP from now on”
• Wednesday: Trade gets to 3R and starts ranging up and down, you get scared. It reverses back to 1R.
“What if it’s similar to Monday and Tuesday”
You get scared and close the trade. Trade reverses back to your entry and you’re happy you closed it. At NY session, it proceeds your way and hits your target TP.
You’re angry “I’ll never touch my trade again. It’s either full TP or SL”
• Thursday: Trade goes to 1R and then back to SL
“Okay, maybe I’ll move SL to BE when I’m in profit”
• Friday: Trade goes to 0.5R. You moves SL to BE. Trade hits SL at BE and moves to TP.
What could have easily been a 10R week is now
a -0.5R week. Next week, you continue the same cycle.
What’s the lesson here? You tell me.
The break is over
It’s time we get back serious
We need to be successful, and we can’t do that without been intentional about our 24hours
Today is Day 30 of 100days of Discipline
Write down 2 task to achieve today
Go off social media untill they’re achieved
Instead of looking for perfect market reversal points
Just trade continuations
Don’t be tempted to be the first in the market
Since the day I started trading continuations, my win rate went over the roof🚀🤝
4 steps to become profitable.
1. Pick a particular strategy learn it for 90days 📝
2. Think probabilities 🎲
3. State out how to manage your risk ⚠️
4. Define your risk to reward ⚖️
- Go off social media.👩💻
- Cut off friends.👭🧑🤝🧑
- Give up parties.💃🕺🍾
- Quit porn. 👅
- Quit watching movies.📺
Focus on the CHART and study 📈📊📉
6hrs a day for 90 day's.
Then get the result you want.
You said you were gonna lock in on your Goals this year
So what are you doing homie?
You’re not where you wanna be yet and you’re chasing gossips and celebrity gist?
You’re spending more time on social media than on the chart and your Personal development?
FIX UP!
Hello Naija Forex trader
You’re ruining your chances of getting RICH.
Get a piece of paper, Let me share a secret with you.
Your mentor probably hasn’t said it yet and might NEVER say it
You’re prolonging your Journey; How many years will you keep suffering?
Open this 🧵