I wanted to talk about rushing the trading journey because this was a significant challenge I had very early on in my journey, and it is one I see the majority of traders make often unknowingly. That is the danger of rushing, you have no idea you are even doing it.
Mid-2018 I made the decision that I wanted to leave my corporate graduate job and seriously pursue a career in trading. I was so tired of seeing YouTube advertise 2 day trading workshops that would magically turn me into a trader... you can just smell the bullshit on these guys. If you have even a smidge of common sense, you know that if you want to become successful in any industry it is going to take time. And I knew I would have to invest in my education (FYI I was super sceptical about this, and even though the trading platform I joined was one that had a coach I saw as genuine, I still only signed up to a month initially in case it was a scam.)
Anyway, once I had joined a reputable trading educator platform and began to work through their content, I still found myself rushing through learning how to read a price chart and backtesting, all because I was driven by a desire of wanting to live trade. Every day all I focused on was: WHEN AM I GOING TO GET TO LIVE TRADING? I just thought that I could figure out how to trade once I was on a live trading account.
And I genuinely thought my attitude was one of ambition and being driven rather than just rushing because I was impatient with the process.
Senior traders in the community I was in were telling me, “SLOW DOWN NAOMI. YOU ARE RUSHING. THIS WILL BITE YOU IN THE ASS LATER ON.”
I did not listen to them. And to be honest, I thought what the hell do they know? They aren’t sat here with me. Just because they took ages it doesn’t mean I will.
Oh how I was wrong! During an accountability session with my coach, he asked me what I wanted to achieve next year (2019). I could not answer the question. This was a major wakeup call for me. It was embarrassing. But feeling that embarrassment is what woke me up.
I knew I was going to have to start my learning from the beginning (after spending 3 months rushing). Below is what I did to rectify the situation and to ensure (to the best of my ability) that I would not rush through it again.
I spent half a day sat in my room thinking, ‘forget trading. what is your end goal? what do you even want to use trading for?’ Once I got clear on that I began reverse engineering my end goal back in stages to present day. I had my road map of every step I needed to follow.
This was a game changer for me because I finally had short term milestones to focus on. This meant I was no longer focusing solely on live trading, because there were several milestones that came prior to this.
1. Build a solid foundation: learn how to read a price chart, understand the different concepts of reading price individually.
2. Put it all together: put the different pieces of reading a price chart together so you can see the story that it is telling you.
3. Explore different strategies: review the strategies available.
4. Select a strategy: select a strategy depending on your lifestyle and time commitments.
5. Develop a strategy: get clear and write the rules out for your strategy, and purchase or create a backtesting spreadsheet.
6. Backtest that strategy: go through historic data and ensure your edge is profitable.
7. Execute that strategy: demo trade and then live trade!
I then broke down this broad plan into monthly and daily tasks. I also figured out ways to stop me from rushing. If I could devise some objective way to measure my progress then the chances of me unconsciously rushing again would be greatly reduced. What really forced me to follow a method that would actually have a high probability of working was:
Having clear and realistic deadlines that were realistic according to MY PERSONAL LIFESTYLE (we are all different, whilst I may have 10 hours a day to commit to my journey, someone else may have 1 hour. It is just reality...hence our target deadlines will be different.)
Clear methodical ways to test myself (I created objective ways to test myself so that I could see whether or not I had progresses rather than my subjective ‘wanting to live trade’ self was not the one making all the decisions.)
An overview of the trading journey. This was complete belief transference because I knew (and still know) that by following it I will reach my goals. I knew if I did not follow it then I could kiss bye bye to my big dreams of what I want to use trading for.
Did all these things completely abolish my results driven mindset?
But it was definitely the start of at least being on the right track.
The irony behind everything mentioned is that focusing on the process is actually the quickest way to get the result. Focusing on the result is the slowest way to achieve it.
Instagram and Twitter: @naomigslight
Podcast: The Trading Journey Podcast
Our team has unfortunately received many reports of scammers using our content and pretending to be us. While we will continue to report these accounts to the authorities as we receive reports, we may not always catch them in time. Below our a list of things to look out for before making a purchase to any platform.
We DO NOT direct message our customers on social media! While we will respond to messages we receive on our accounts, we DO NOT message followers first. If you receive a message from an account that you have not previously messaged, this may be a sign of a scammer. (See example of a message from a scammer below)
If you would like to get in contact with a member on our team and ensure that you are speaking with a legitimate member of our team, submit a question through our website. We have linked legitimate accounts to reach out to on our website. Contact our Support Team Here
A1 Trading does sell an online VIP community, however, we DO NOT ask you to send us money directly via direct message on social media platforms. Any payments for our VIP community are made on our website (a1trading.com).
Scammers also tend to be more pushy for a sale and unprofessional. A scammer may ask you multiple times to send them money or say they cannot help you until you send them money. We are not this desperate and quite honestly, we do not have the time to beg for a sale. If something feels off, go with your gut.
This goes for pretty much everything in life, If it's too good to be true, IT IS. Unfortunately, nothing in life is going to make you large amounts of money instantly. If it did, everyone else would already be doing it! Any successful person will tell you it took hard work and dedication to get where they are today. They won't tell you someone direct messaged them on social media and sold them a membership that made them thousands instantly. Use your gut! If someone is promising large amounts of money if you pay them, there is something wrong.
There are multiple telegram channels using our images that are particularly hard to get removed . If you see any messages that look similar to the one below this is a huge red flag. We DO NOT offer investment plans or account management. We will NEVER ask you to send us money with a guarantee that we will make huge returns. If anyone guarantees huge profits if you give them money avoid them. Although it sounds nice, no one can guarantee anything in the markets no matter how knowledgable they are.
There are a few things that you can look out for in a profile that is a red flag and is most likely a fake account.
First, check the date of their posts. Scammers, unfortunately, are creating thousands of these accounts. If the posts were all created on the same day, this is a red flag! Scammers often post lots of posts to fill up their profile to make them seem more legitimate.
Second, read the captions. Because these scammers are busy direct messaging people and creating lots of accounts, they usually do not put much time into their profile. Usually, their posts will have no captions, very short captions or captions with some emojis. Real accounts are more genuine and captions are more personal and thought out.
Third, look at their stories. Real accounts usually post live videos on their stories. Scammers post screenshots of other stories or videos that do not show them or their voice. When deciding if an account is a real, look in their stories for videos of them.
Lastly, weird fonts seem to be a signature for scammers. If you see a comment or caption that has a weird font, be skeptical.
Below are screenshots of a fake account with examples of the red flags:
Unfortunately, there are scammers everywhere. They are scamming people in every business, not just ours. Here is a checklist of things to ask yourself before sending anyone money.
1. Is it too good to be true? Are they promising me way more than I am paying?
2. Are they being too pushy for a sale or unprofessional?
3. Is their profile legitimate? Do they share real videos and genuine posts?
4. Are they sharing a legitimate website to make a payment or am I sending money to their personal money transfer account?
5. Does something seem off?
If you feel that something seems off and want to ensure your money is going to a legitimate person, reach out to our support team on our website.Contact our Support Team Here
Below are accounts that are associated with A1 Trading. Any other account is not associated with us and is a fake account:
A1 Trading Forex Analysis
Benzinga just released a full review of our VIP community. Here's a recap of the review:
Overall, Benzinga gave our VIP community 4/5 stars. The author shared "A1 really shines in their ability to bring like-minded traders together to discuss trade ideas and strategies. Their collaborative VIP Discord server includes access to video and PDF trading plan examples and educational materials for traders of all levels" Benzinga recommended our community for young investors seeking conservative investment strategies, beginner forex traders seeking trade and stock portfolio insights, or traders looking for ideas. Read the full review down below.
2020 has been a tough year. Through all of the craziness happening in the world right now, we wanted to do something that could not only spread joy in our community but could also encourage our subscribers to do the same in their's. What's better than receiving a free box a donuts? Check out the video below!
The A1 Trading Team is excited to introduce two new Analysts to our VIP team! You can follow along with their signals and analysis in our VIP Community.
Frank’s love for markets led to his role as an analyst for the A1 Trading team. Frank brings market insights, writes articles, shares research, and makes the occasional appearance on video. You can check out Frank's trades in "Franks-swing-trades" and "Franks-stocks-trading" channels.
Edi is an FTMO funded trader, has experience in multiple markets, works professionally in finance, and is a big supporter of A1 Trading, so he decided to join our team. You can read more about his trading style in his introduction in the "edis-swing-trades" channel.
This week inside of the group, Frank and some of our members caught crazy action on a Nikola Motors trade. Our analyst, Frank, got in around $37 and sold it around $87. Frank wrote up an article about this company that you can view here.
In his article, Frank writes about this zero-emissions transportation corporation whose stock has grown over 500% since February.
Interested in following along with our analysts' trades?
Join our VIP membership and get access to all of our analysts' trades and analysis.