Many traders don’t understand that how and why their psychology affects their trading. Trading involves stress because trading can results in financial gain and loss sometimes in a matter of seconds.
When there is too much stress, it affects a person’s ability to make better decisions. And when a person can’t make better decisions in their trading, naturally they make losses in their trading.
And because of that, a good way to deal with the stress is gratitude. With gratitude, stress can be overcome and decision making in trading will be better. And because your decision making is better, you tend to make better trades and eventually results in overall profitability.
In short, when you are in a state of gratitude, your psychology is better, your trading is better.
If your gratitude is real and not faking it, naturally you start to win more in your winning trades, lose less when you are wrong and in a losing trades.
Overall, over time, you’ll start to see your capital grow bigger and your wealth grow consistently.
There’s a reason why I always preach about gratitude. It’s the key to success in almost all areas of life that I know of regardless whether it is for trading or not.
Gratitude is the key to having good psychology for trading and also for trading success. Watch the video to truly understand this.
And I quote William Arthur Ward words, “feeling gratitude and not expressing it, is like wrapping a present and and not giving it” and John F. Kennedy words, “As we express our gratitude, we must never forget that the highest level of appreciation is not to utter words, but to live by them”.
And I try to live by them. I feel stronger sense of gratitude when I show my gratitude in actions than in words. And its more real to me too. Don’t take my word for what I said. Try it and you can see your trading improve.
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With NZDUSD moving up quite a bit for the past 2 months, and technically, it seems more likely that it will start it move down soon with MACD histogram showing divergence. A trade for it to go down for me will be like this. Stop loss at 0.7491 with entry at anything above 0.7300
Based on the charts and applying Trade To Win trading system, PEG has already triggered for entry to go long. As such, I will be looking to enter at a price level around 43.40, targeting a price level of 47.10 with stop loss at the support level at 42.46
So quite a few people ask me whether did me or my private community of traders traded on the news of the recent UK election.
I actually don’t bother much about the news but we did go in to trade on EURGBP more than a month before the election. Now we are totally out of the trade with profits on that one single trade of over 400 pips. The election just allowed us to go into much deeper profits as the attached screenshots shows.
The thing is this. We traded on the 19 April 2017 way before the news were announced in June 2017. The same thing happened for BREXIT almost exactly one year ago when we traded GBPUSD roughly three weeks before the the referendum and voting was held. That trade was massively profitable for us too after the news of the voting was announced.
The reason for all this, is by using and applying our time-tested and proven trading strategy/system, which we call Trade To Win trading system. A system, a measuring mechanism to measure the overall market crowd’s fear and greed to a high accuracy using our unique way of technical analysis.
When you can determine the overall market crowd’s fear and greed to a high accuracy using a measuring mechanism, a system, then you do not need to follow or trade the news or even be bothered about it. Because naturally most of the times than not, you will trade the news before it happens.
So I will be taking a break soon after doing another 2 workshop. My 2.5 hour free workshop talk where I share the techniques me and my past participants have used and applied to consistently profit from the markets to grow our wealth.
Those who wished to attend, please sign up @ http://www.onlinegurutrader.com/workshop Apart from learning more in depth on how the global financial markets really worked, you will also learn:
Use leverage to grow your wealth safely and massively
Identify winning trades by determining direction and timing to a high accuracy (regardless of which and what market you are in)
Consistently grow your account by 2% to 8% per month, month after month.
Go ahead and register now before it’s over
I traded gbpjpy together with my private group on the 24th May and got out with profits within a week. The best thing is, I didn’t even look for the trade. My students found the trade, posted it and we all traded it together. That’s synergy. And it’s r2r of 1:4.6, that’s 460% based on risk to reward.
Check out the video. I particularly like this few sentences in the video. “I think, again, symbolically, at the very end of our lives, if we can still say you know, we were never humbled. We were knocked down but we got up and I can say I lived life with integrity and I took all the blows, and I still prevailed, I think that’s a good epitaph for anyone.” I am sure you will like the video.