Before I found any sort of consistency in my trading, I was fixed on finding that magical entry point that would change my life and make me profitable. I was looking for the holy grail.
Well after countless failures and disappointing results from all the "magical solutions" I could find on YouTube and google searches, I realized the secret. The "secret" of trading and investing (in my opinion), is that there are no secrets.
Real, consistent trading is not glamorous or overnight riches like they show you on the TV and social media. Real trading is building accounts over time, at a steady rate. The biggest thing that changed my trading was learning the concept of proper risk management and position sizing.
I don't do anything incredibly fancy, yet I am very happy with my trading performance. I keep my positions very small, and I look to scale accounts over time with as little drawdown as possible. In fact, once I dropped the gold rush mindset that most traders fall victim to, I actually started to achieve some positive results!
Slow and steady wins the race, or as we say it inside the VIP community: "Small positions and chill". There's no need to get rich today. This is a skill an individual can use their entire lives, and trading success is a lifelong journey.
That's all for now. It's Friday and time to step away from the charts for a bit, so I can be fresh on Sunday.
EUR/USD Bearish GBP/USD Bearish AUD/NZD Bearish XAU/USD Bullish SPX500 Bearish EU struggles to pass 1.2000s as US markets fall from overvalued prices in the stock market. The pair is back in a support zone showing that price wants to go lower. A break in that support zone (which is a common pattern we see in […]
Last week was rough for the market as the S&P and Nasdaq draw lower lows on the daily chart. The Dow Jones Industrial was the only index to look in the best shape as tech continues to fall under pressure. The main drivers for the market, which have been carrying pairs like GBPUSD and EURUSD, […]
Weekly Forex Forecast for USDCHF, GBPUSD, AUDNZD, XAUUSD (20-25 September 2020) Hey everyone! Welcome to this weeks forex forecast for the week ending September 25th, 2020. I'm TraderBart with A1 Trading, and this week I'll be looking at USDCHF, GBPUSD, AUDNZD & XAUUSD. USD/CHF Zooming out, we can see price is travelling in a strong […]
Politics preventing new financial stimulus The economic recovery in the major global economic powers depends on several important factors. One of the most vital part, the spread of the virus and the government's answers to it. With a decrease in daily cases of COVID-19 to 50,000 in the U.S.A. Yet U.S. A remains the most […]
Our team has received many reports of scammers using our content and pretending to be us. Unfortunately, these accounts are difficult to shut down as there are many that we do not know of. While we will continue to do our best to get these accounts shut down as we receive reports, we are unable to […]
Warren Buffett is one of the most idolised, investors in the world. At the time of writing , his company, Berkshire Hathaway, has a market cap of $495 billion and Buffett himself has a net worth of $79 billion. His approach to value investing, combined with his influence over the companies he invests in , […]