A trader must reach a point of no return.
It's a point beyond which they've invested so much financially, emotionally, and personally that quitting isn't an option anymore.
I feel this point has to be reached before the real learning begins and progress starts to accelerate.
Once you fully dedicate yourself to becoming a trader, you feel that quitting or returning to your previous path is no longer an option. You’re past the point of no return.
I’m starting something different. Every week, I’ll give a trader either $1,000 or a $200K FTMO account to start their trading journey.
Once you receive a payout, no matter how long it takes, you simply send back my $1,000, usually from your first profits or payout. The rest of the money and all future payouts are yours.
@ohajielom Congratulations big man. I can’t lie the $2000 will help me die boss.. Get one $100k E8 propfirm, pay for your monthly paid calls. 🤞🏾Tru$t @ohajielom
Jon Jones calls Islam Makhachev a GOAT alongside himself and backs him to beat Ian Garry 🔥🔥
"I'm going with Islam because he has a wrestling background, and it's very hard to beat wrestlers.
Islam may just be one of the greatest fighters in the world. Right now, it's me and maybe him. So I encourage him to keep going."
(via: sport24ru)
“When Bayer Leverkusen were on that long unbeaten run, our president was secretly praying for us to lose 😭😂
Because players were getting richer and he didn’t want to pay bonuses anymore”
— Victor Boniface
A Gold trader I personally know took $800,000 to $6 million in 4 months.
He trades from one of the wealthiest countries in the Middle East.
Then he tried to push the account to $10 million. That was where everything started to fall apart.
Not because he lacked skill. Not because Gold became impossible. Not because the broker hunted him.
He lost because of one thing most traders underestimate: Position size.
He recently told me a story that every Gold trader should hear. Not because of how much he made.
But because of how quickly one oversized position almost erased everything.
If you trade Gold, read this carefully.
What destroyed him was not the market. It was the quiet confidence that grows after a big win.
Last year, he funded his trading account with $800,000. His own capital. He traded only one instrument: XAUUSD.
In 4 months, he turned that $800,000 into $6 million. That is $5.2 million in profit.
Most traders would call that success. But in trading, success can become dangerous when it starts feeding your ego.
The most dangerous moment is not always after a losing streak. Sometimes, it comes after a massive winning streak.
The account is green. Confidence is loud. Your mind starts telling you that you are different.
“You understand Gold now.”You can push harder.”You can take this to $10 million.” That is where discipline starts to die.
Gold did not suddenly change. There was no black swan. No massive crash. No strange market event. What changed was him.
He stopped trading the chart in front of him. He started trading the number in his head. He wanted $10 million. That was the trap.
The plan that built the account got replaced by expectation. And once a trader starts chasing a number, he stops respecting the process that got him there.
Then he reached for the one thing that makes traders feel powerful but destroys them fast: Size. He started pushing 250 lots. Then 500 lots on XAUUSD.
Now, understand what that means. At 500 lots, every $1 move against him is roughly $50,000. A $5 move against him is around $250,000. A $10 move against him is around $500,000.
And Gold can move $10 like it is nothing. That is how Gold traders get destroyed. Not always by a crash. Not always by the news. Not always by manipulation.
Sometimes, a normal candle is enough. Gold moved against him. It did not need to move far. It only needed to move enough.
The account started bleeding. Then it started collapsing.
By the time it was over, the account had dropped from $6 million to around $270,000.
Read that again.
$6 million to $270,000.
Roughly $5.73 million gone.
Not because he could not trade. He had already proven he could. He lost because he stopped respecting risk at the exact moment he needed discipline the most.
This is what every Gold trader must understand: Winning is not safety. Winning can become a trap.
Winning makes you feel untouchable. Winning makes you believe the next million is guaranteed. Winning makes you forget that every trade can still go wrong.
The market does not care what you made last month. It does not care about your target. It does not care that you want $10 million.
The market respects only one thing: Risk. Every trade is a new event. Every setup can fail. Every position can turn.
The moment you forget that, the market sends the invoice. And it collects in full. His mistake was not trading Gold. His mistake was not wanting more.
Ambition is not the enemy. Every serious trader wants to grow. His mistake was allowing ambition to decide his position size.
There is nothing wrong with growing an account. There is something wrong with risking the whole account because you want to grow faster.
Professional trading is not about being excited by your profits. It is about being protected from your own emotions.
You do not increase size because you feel confident. You increase size only when your risk model allows it.
You do not trade bigger to prove a point. You trade the size of your account so that it can survive.
Before every trade, the first question is not: “How much can I make?”
The first question is: “If I am wrong, how much do I lose?”
Because survival is the real strategy.
If you survive, you can trade tomorrow. If you protect your capital, the next opportunity will come.
But if you destroy the account, the best setup in the world becomes useless.
He took $800,000 to $6 million. Then the desire to reach $10 million led him to abandon the discipline that had got him there.
Gold did not punish him for trading. The market did not punish him for wanting more. He got punished for disrespecting size.
Gold rewards patience. Gold rewards precision. Gold rewards discipline. But XAUUSD has never forgiven an oversized position.
Rooney's exclusive interview with Carrick, the permanent manager, Rio getting all sorts of media access, Berba launching the new kit, etc. There has been a conscious effort from Utd to bring players from the 2000s into prominence. They must be exasperated with the Sky Sports boys
Underrated life hacks:
- pray first thing every morning, last thing every night
- always keep an open notebook and pen within sight
- halve the amount time you allot yourself to read books & do your work
- extend your vision out by 5-10 years, then reverse engineer to present
- every time you catch yourself worrying, immediately surrender it to God
- never stop learning, ever, no matter what
- recognize no one is stopping you more than yourself
Our founder @AskMichaelTaiwo explained the new USCIS policy update on Adjustment of Status.
This video is the recording of everything discussed.
If you are on a temporary visa or know someone who is, this Webinar recording is for you.
If you want a life that feels like yours, you have to get in touch with your inner madness. Become a rebel. Unapologetically you. Take the path nobody dares to walk. Read 700 page philosophy books. Work for a month straight. Build something from nothing. Then disappear for a week. Don't be rational. Don't be logical Don't be normal ever. Be rare. Be obsessive. Be exactly who you are. This one mindset shift can absolutely change everything.
The last time Sunday $BTC pumped,
We dumped Monday, Tuesday & Wednesday before a recovery into monthly close.
Given that we are pumping again & sweeping the previous monthly high into a new monthly open... seems like we are following a similar setup to last week.