As a trader and an educator/mentor, I think its absolutely necessary to trade along side your students or the people who look up to you. If not everyday, then maybe a few times a week.
It just shows authenticity and transperancy, which is important in trading what you preach.
You exit a trade in one of 2 ways.
Number 1: You exit in profits.
Or
Number 2: You exit in a loss.
But the thing with trading is that both wins and losses are always pre-determined.
People will lose more money in the markets than what they are afraid to invest in education & mentorship.
Just like life, trading is not a race. It's a marathon.
As we move into 2020, here is my advice to everyone: "Social media is NOT real life, it's for our entertainment"
The sooner you realize and implement this, better off you will be. Facts.
Happy holidays and a very Happy new Year to everyone. I know at times I get too much but honestly, 2020, with Market Fluidity providing lots of free value and paid content, will change lots of lives for the better.
You need to make a change to see a change.
3 Day Bootcamps Schedule:
January ---> Toronto 24th to 26th
February ---> Texas(Location TBD) 21st to 23rd
March ---> Miami (Date TBD)
April ---> Europe (Location+Date TBD)
The Market is just like life. Ruthless and unforgiving. One MUST lose for someone else to win. Not everyone will come out as a winner.
To win we must ask ourselves exactly WHAT is it that the other person is doing that causes them to win. It's the cold truth, facts & reality.
The highs of the lows of candles can either show you signs of a reversal or an oppurtunity to exit with a minor loss.
Candles tell the stories, dont ignore them.
1 or 2 trades a day is all what it takes to determine a statistical probability and your edge if it works or not.
The MOMENT you cross the threshold into your 3rd, 4th or 5th trade, that's when you start to lose emotional control no matter how good you think you are.
FACTS.
I will always give my bias 2 chances, PROVIDED the exit is a minor loss. If it does not work out, then the bias is wrong.
Its only logical then to sit back watch what's happening. Most times you will start to identify the correct bias after a 30min or a 1h close.