Nicely Done.
Hello guys.
i will wait for 1.3020-10 the last low and then i will buy.
bailyey will try reassure the Market
because Uk Stocks are bleeding and pound is down 3% in few days.
it is called CABLE for a reason.
because it always even it self out.
asi said many time i could be WRONG.
and honestly i had many times.
Ris kand Reward the back bone of aby business.
Risk is always there, specially in trading and most traders don't even undertand what LEVERAGE is, or maybe they do but always using high leverage to Make money and more money.
soo all you can do is your make system,
dont chase the money trade on solid research and techincals have its advantages too.
and more importantly take calcualted risks.
we are traders not gamblers guys.
why the God's green earth i see many people come to me are gambles trading 10k with 1k account they call it its just 1$ per PIP.
to hell with pips and $$.
money is always counted in %
have you ever heard Tesla shares rose today 350M or nvidia is down 350M
no you read you hear is % 3% UP 2 down Right.
not trying to get 10 into 100k in few months.
even if it took 3 years its fine 5 years its fine
but risking 20% to make 5% or 30% drawdown to make 20-30% is not trading.
maybe you will get lucky once or twice but it will not last very long.
the first rule of trading is when you reach 100% Profit.
take your investment out.
and invest it somewhere else or just put it in your bank i dont care, but take it out.
then your subconsious mind knows its just profit making money,
and fear of loosing money Goes away.
and your trades will become more logical, and less emotional.
i am posting because i made apromise when i will learn enough i will forward that knowledge
it may not make sense to most traders.
but in few years or a dacade later maybe someone will read the post and hopefully its just a hope but he wishes an we all wish
that some of your if not most.
will make changes to your Strategy.
learn about Money Management,
Leverage. ""the most tricky part in trading""
Principles of which big traders live by. they dont break them, or even bend then.
its stragiht forward for them, i am still learining becaus its a bloody Evolving makret constantly moving.
FED or politics, Tarade war or Real one. last year it was was all about fed now a days its trumo.
next year it will be something else.
but in the end what matters is if you ar emaking money REAL MONEY i mean.
human mind is complex thing to understand,
so always look at your bank statement from past year or 2 and see if you are making progress?
if you are then Great Wish you all the bst.
BUT in case if you not then maybe its time to Rethink what trading actually is what it represents and what it says about our future???
just something to think about
i still look at believe me history does repeat it self.
sometimes i am eager to trade and those loosing trades come into my mind, and many many times it helped me not to enter early sometimes now iwait a day even,
if it didnt come to my level its fine there will be always another day. another trade and specially another pair.
anyways i am always crurious so i always ask and
when asked we always get voice messages in return.
the reply was.
"" it was a mistakes not a Life sentence ""
after a Mistake you can only do 3 Things.
1: accept you were wrong |
George Soros said : I barely Survived by admiting i am wrong.
(so you will not be like other traders, dont live in deniel, like most traders, OR blame on market or FED or spikes or Trump, or even charts,
it was your going and yours alone
( Yes you might got influnced by market move or read an article which made sense at the time, or what ever but you triggered the Trade not the market)
2: Remember the Mistake, (that is where most traders fail, human mind doesnt want to remeber painful moments its in our mature to try to forget the past
hell a guy comes out of prison after few years, and the moment he walks out he forgets that he lost 3 years of his life,
in prison every day every hour feels like hell. but as soon as they are out they forget and go on to their usual life.
i was send an aticle written by Noble Prize Winner Phycologist: Dr. Sherry Turkle
3: TRY not to repeat the same Mistake:
Because if you forget the Rule number 2 and forgot,
sooner or later you will repeat the same mistake.
Einstein once said: it is not a Mistake to do a Mistake, But it is a Mistake to Repeat it.
i wrote that in my book Name " AM I Trader"
and i still read it sometimes specially before going to bed.
once a month maybe but trust me every day something new is getting written.
my mistakes
and no wonder he told me he had many books.
its just 3 years and i have 1084 Mistakes written.
i just wonder after 16 years how much he has written.
.
dont get bored buys i am just free and i made a promise that i will keep posting
because FF is where i found the man,
i sometimes look back and wonder am i same person,
who didnt even knew where he was speding his money.
on clothes, shoes, on watches, Sun glasses, gadgets,
and today if i spent more then 5dhs i write it down in my mobile and end of the month i see where i spend my has gone.
what i was taught is Money management is not about in trading its your whole life,
many make money maing money also.
but where is that money? ASk your self dont answer me just ask
you got exited bought a car, bought something anything the result is YOUR SPENT IT.
most people are addictive to spending feeling sad buy somthing on amazon
feeling happy the dopamine rush will make you buy something you dont even need.
trust me because i have dont that for few months.
hell when you go from making 100-200$ a month to 100-200$ a day.
it happens.
i have bought things 10 out 10 if i see them today iswear i will not even bothered to look at them twice,
that much the society has an effect on you,
the people you live with, your firends, your colleages, your feel insecure,
he has better car, but he is working for 5,000dhs a month.
i trade for few hours and i am making more then him,
these are emotions the need to fit in the society,
we all have doen that,
geloucy is part of in our DNA
human nature,
it took me months to cut my spending in half,
and now i have simple rule after the NEEDS the basic human needs,
i only spend 5% on my self. monthly.
i even sold my car, because i don't need it.
i dont have family no kids,
and if or when i have to go somewhere i will rent a car
it happens once or twice a month.
i bought a car a fancy one i am from pakistan so i always wanted a car.
and hell i saved for 7 months to buy a car.
my mentor said GREAT: you saved for 7 months to buy something you need few times a month.
i wish you had worked that hard to save money to Invest ,
and he said in a scary tone, that is why i never forgot it:
TRADING is not Investing....
its just a tool to make money to withdraw and Invest,
we all want Freedom.
what is freedom?
in actuality Freedom is having time, and to have time you need to have Passive source of income not just one but many.
as many as you can make, its like a tree,
start investing and you will see the POWER OR COMPOUNDING.
wise man once said: if you cannot control your Money it will control you.
Hello guys.
i will wait for 1.3020-10 the last low and then i will buy.
bailyey will try reassure the Market
because Uk Stocks are bleeding and pound is down 3% in few days.
it is called CABLE for a reason.
because it always even it self out.
asi said many time i could be WRONG.
and honestly i had many times.
Ris kand Reward the back bone of aby business.
Risk is always there, specially in trading and most traders don't even undertand what LEVERAGE is, or maybe they do but always using high leverage to Make money and more money.
soo all you can do is your make system,
dont chase the money trade on solid research and techincals have its advantages too.
and more importantly take calcualted risks.
we are traders not gamblers guys.
why the God's green earth i see many people come to me are gambles trading 10k with 1k account they call it its just 1$ per PIP.
to hell with pips and $$.
money is always counted in %
have you ever heard Tesla shares rose today 350M or nvidia is down 350M
no you read you hear is % 3% UP 2 down Right.
not trying to get 10 into 100k in few months.
even if it took 3 years its fine 5 years its fine
but risking 20% to make 5% or 30% drawdown to make 20-30% is not trading.
maybe you will get lucky once or twice but it will not last very long.
the first rule of trading is when you reach 100% Profit.
take your investment out.
and invest it somewhere else or just put it in your bank i dont care, but take it out.
then your subconsious mind knows its just profit making money,
and fear of loosing money Goes away.
and your trades will become more logical, and less emotional.
i am posting because i made apromise when i will learn enough i will forward that knowledge
it may not make sense to most traders.
but in few years or a dacade later maybe someone will read the post and hopefully its just a hope but he wishes an we all wish
that some of your if not most.
will make changes to your Strategy.
learn about Money Management,
Leverage. ""the most tricky part in trading""
Principles of which big traders live by. they dont break them, or even bend then.
its stragiht forward for them, i am still learining becaus its a bloody Evolving makret constantly moving.
FED or politics, Tarade war or Real one. last year it was was all about fed now a days its trumo.
next year it will be something else.
but in the end what matters is if you ar emaking money REAL MONEY i mean.
human mind is complex thing to understand,
so always look at your bank statement from past year or 2 and see if you are making progress?
if you are then Great Wish you all the bst.
BUT in case if you not then maybe its time to Rethink what trading actually is what it represents and what it says about our future???
just something to think about
i still look at believe me history does repeat it self.
sometimes i am eager to trade and those loosing trades come into my mind, and many many times it helped me not to enter early sometimes now iwait a day even,
if it didnt come to my level its fine there will be always another day. another trade and specially another pair.
anyways i am always crurious so i always ask and
when asked we always get voice messages in return.
the reply was.
"" it was a mistakes not a Life sentence ""
after a Mistake you can only do 3 Things.
1: accept you were wrong |
George Soros said : I barely Survived by admiting i am wrong.
(so you will not be like other traders, dont live in deniel, like most traders, OR blame on market or FED or spikes or Trump, or even charts,
it was your going and yours alone
( Yes you might got influnced by market move or read an article which made sense at the time, or what ever but you triggered the Trade not the market)
2: Remember the Mistake, (that is where most traders fail, human mind doesnt want to remeber painful moments its in our mature to try to forget the past
hell a guy comes out of prison after few years, and the moment he walks out he forgets that he lost 3 years of his life,
in prison every day every hour feels like hell. but as soon as they are out they forget and go on to their usual life.
i was send an aticle written by Noble Prize Winner Phycologist: Dr. Sherry Turkle
3: TRY not to repeat the same Mistake:
Because if you forget the Rule number 2 and forgot,
sooner or later you will repeat the same mistake.
Einstein once said: it is not a Mistake to do a Mistake, But it is a Mistake to Repeat it.
i wrote that in my book Name " AM I Trader"
and i still read it sometimes specially before going to bed.
once a month maybe but trust me every day something new is getting written.
my mistakes
and no wonder he told me he had many books.
its just 3 years and i have 1084 Mistakes written.
i just wonder after 16 years how much he has written.
.
dont get bored buys i am just free and i made a promise that i will keep posting
because FF is where i found the man,
i sometimes look back and wonder am i same person,
who didnt even knew where he was speding his money.
on clothes, shoes, on watches, Sun glasses, gadgets,
and today if i spent more then 5dhs i write it down in my mobile and end of the month i see where i spend my has gone.
what i was taught is Money management is not about in trading its your whole life,
many make money maing money also.
but where is that money? ASk your self dont answer me just ask
you got exited bought a car, bought something anything the result is YOUR SPENT IT.
most people are addictive to spending feeling sad buy somthing on amazon
feeling happy the dopamine rush will make you buy something you dont even need.
trust me because i have dont that for few months.
hell when you go from making 100-200$ a month to 100-200$ a day.
it happens.
i have bought things 10 out 10 if i see them today iswear i will not even bothered to look at them twice,
that much the society has an effect on you,
the people you live with, your firends, your colleages, your feel insecure,
he has better car, but he is working for 5,000dhs a month.
i trade for few hours and i am making more then him,
these are emotions the need to fit in the society,
we all have doen that,
geloucy is part of in our DNA
human nature,
it took me months to cut my spending in half,
and now i have simple rule after the NEEDS the basic human needs,
i only spend 5% on my self. monthly.
i even sold my car, because i don't need it.
i dont have family no kids,
and if or when i have to go somewhere i will rent a car
it happens once or twice a month.
i bought a car a fancy one i am from pakistan so i always wanted a car.
and hell i saved for 7 months to buy a car.
my mentor said GREAT: you saved for 7 months to buy something you need few times a month.
i wish you had worked that hard to save money to Invest ,
and he said in a scary tone, that is why i never forgot it:
TRADING is not Investing....
its just a tool to make money to withdraw and Invest,
we all want Freedom.
what is freedom?
in actuality Freedom is having time, and to have time you need to have Passive source of income not just one but many.
as many as you can make, its like a tree,
start investing and you will see the POWER OR COMPOUNDING.
wise man once said: if you cannot control your Money it will control you.
Attached Image (click to enlarge)
The Ones who make it, are the the ones who Manage RISK
2
3
{image}
Waveskie, haha yeah, greed and fear always at play! And true, some traders just can’t let go of that “it’ll come back by Christmas” mindset. Maybe it’s not even about being wrong or right anymore — more like an emotional attachment to the trade itself 
Headland, spot on with the psychology bit. The pain of loss being twice as strong as the pleasure of gain really explains why we behave that way. I totally agree that...
