Common statistics say that 80% of new stock traders lose money and quit trading – and I would guess it’s similar in cryptocurrency trading.
Maybe it’s because of the way we learned to trade.
If you are like I was when I first started out, you set out to learn about trading from books, video tutorials and online forums… then you transferred money into an exchange, and were ready to find some price patterns and put on some trades!
Maybe you were just like me, and you told yourself ‘Don’t worry if you take a few losses, it’s only your first trades… what do you expect?’
So what did what you said – you put on a few trades that started well, but turned into losses.
Then what happened? the fear of failure, the fear of loss is comes in, and now you are not sure what to do next?
Now what’s the problem with the way I started out, and the way you may have started with trading? Let’s analyze it:
The problem is not that you don’t know chart patterns, you’ve studied most of them.
The problem is not that you are not paying attention to the markets – you are watching the markets on your phone throughout the day.
The problem is you did not know what to do for risk control rules to protect your profits those trades.
Now imagine if we tried to teach someone to fly an airplane that way. You would go out to the airport, you would get into the cockpit of the plane, The instructor gets in beside you and he says, look here are the controls And here’s how they work. now I’m going to get out of the plane, And you give it a try today – don’t worry if you crash… it’s only your first day… what do you expect?
Ridiculous isn’t it?
And why should we learn trading that way?
When flying becomes a procedure, it ceases to be a problem. In the same way, when trading becomes a procedure it ceases to be a problem.
Let me illustrate it this way. Take a look at the box below and what I’d like you to do is pick one from that box please. You can pick any one you want.
and you say pick one what?
it’s pretty hard to pick one when there is not one there, isn’t that right?
It’s exactly the same thing when you or I go into a trading situation, the market comes up with an unexpected move, and we don’t know how to handle it… We don’t have anything to pick from in our minds.
We draw a blank in our minds like that box and we say pick one what? And that’s when the failure comes in, and that’s where they fear comes in when you are trading.
Ok – now in the box below, write the numbers 1, 2, 3 and 4. When you’re done that, now pick one. It’s simple to pick one isn’t it?
The same way when we install into our minds, all the risk control skills we need for success in trading. All we need to do to have success is to pick the appropriate skill for the given trading situation.
It’s like a comedian, a comedian may have a thousand different jokes, each perfectly memorized. That’s where his confidence, that’s where his ability, that’s where his enthusiasm, that’s where his timing come from.
When the topic is about a hockey team, he is not going to give you a joke about cats, is he? He’ll give you a hockey joke. If the topic is on cats then he’ll give his cat jokes.
What that means is the comedian never gives a canned presentation. That does not mean that his presentation isn’t planned.
It’s the same thing in trading, we never do a canned trading strategy. Every Market is different, every situation is different. It doesn’t mean we can’t plan our trading strategies – and like that comedian, we are going to learn all the skills we need for success in trading.
And then we simply access the appropriate skill for the given situation before us when we are trading.
And that’s what you can learn with one-on-one coaching, speeding up your total success.
Can you imagine a surgeon in the middle of a delicate operation, and then he wonders ‘what do I do next?’ Of course not, he knows exactly what to do every step of the way. Every single movement he makes is carefully planned and practiced. Not one single thing can be left up to chance.
Successful cryptocurrency trading demands that same planning, practice and precision.
No experienced cryptocurrency Trader will go into a trading situation and leave the outcome to chance. The super pro in trading, like that surgeon, knows exactly what to do. Every entry, every stop loss, and every profit target, every step of the way.
I met a mentor a long time ago who told me, if I was willing to invest the time, the effort and the money to develop your skills and abilities – It will be as easy to earn $100,000 a year as it is to earn only $30,000. Well I’ve been on a mission for myself – it’s one of continual learning.
And – before you get started I want to share a very important principle of trading.
I learned it when I worked my way up to becoming a karate instructor. Let me tell you about the front kick, one of the basic techniques that you learn as a karate student. You can learn everything you need about how to do a proper front kick in less than 10 minutes. It’s that simple.
All you need to know is
How to stand properly
how to pick up your knee,
extend out your leg, (hold your foot properly for impact),
withdraw your foot,
what to do if your opponent blocks your kick
and how bring your foot back to the ground with balance.
I can teach you all that in just a few minutes, but as you know it takes much longer than that to learn how to do a front kick properly.
Here’s why, and it’s important to write this down and underline it.
In times of stress we revert to habit
As you can imagine if you were to use your front kick to strike somebody with your foot in a real self defense situation, it would be of time of stress wouldn’t it? End at that moment in time, you will revert to habit.
You don’t have time to review the karate class on front kick to find out what to do… No, your whole life could depend on your ability, with split-second recall, to know the exact emergency techniques to use.
So instead of taking just five or ten minutes to teach you how to do front kick, A student will practice it hundreds of times over months of training To drill for skill, over and over again – those same few techniques. You need to wake up out of a dead sleep at 2 o’clock in the morning, and know exactly what to do. And it’s the exact same thing in trading crypto-currencies.
When we put on a new trade and it does something unexpected, It’s a time of stress for us, isn’t it? And at that moment in time we revert to habit. And if we have not learned risk control rules as a habit, we’re not going to use them. We are going to look back after our trade is closed, and will say oh, if only I had done that, what a difference it would have made…
You see, in trading, it’s not what you know that counts, it’s what you can think of in time.
Often it is of no value to you, just to know about these trading patterns from this course. Your key to success in trading, is to use your risk control rules spontaneously as a habit when you are managing your trades.
This precision method of trading is worth $500 in this course, and the One-on-One Coaching starts at $750 – but it could be worth tens of thousands of dollars when it has instantaneous access out of your mind.
And the way you can give this course that extra power and that extra value, is to take the time right now to work with a mentor, to master this trading method and risk control strategy.