Let me tell you why I swing and position trade and help you out...... .
5 years ago when I first started trading, I was trading EUR/USD and Oil Futures. During this time I was getting into trading because I wanted to make lots of money, I wanted to get a nice car fast, I wanted a house fast, I wanted to become rich quick and I was very hungry for success.
I would scalp and day trade cluelessly while placing 50-100 trades a week with lot sizes and contracts that were too big for my account and never stayed consistent with my lot sizes or contracts.
I made some money here and there but I never really had a sense of direction or a game plan in the market so I blew through a few accounts trying to figure out why I was losing.
I’d blame the market makers, RSI, MACD, indicators, I mean you name it and I probably blamed it!
It didn’t click until I realized that it was my greed that was killing me, I learned to focus on the long term vision such as the next 5-10 10-20 year wealth gameplans which resulted in me DOING LESS.
It was literally a light bulb that flicked in my head, I started focusing on longer term trends, placing less trades a month, focusing on smaller position sizes, stayed consistent with my contracts and lot sizes, looking at less news, looking at less indicators, and getting less screen time.
My confidence grew a lot more when I could buy or sell and hold my positions for an extended period of time. I was less anxious, less nervous, and placed my trades with confidence.
The thing is, too many of you fail because you jump from system to system, program to program, indicator to indicator, you don’t have a game plan, you’re taking the wrong information, and you just want to get rich quick!!!! .
YOU WILL NOT GET RICH QUICK OR OVERNIGHT FROM TRADING!!!! .
Once you realize that then your trading will become more profitable then you can scale up💰
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