Let’s talk about today’s trading setup on EURUSD, and how I was able to make more than 194,100 Dollar Profit in 7 hours of trading! In this video, you will see an exact chart breakdown of my live trading session, so you understand why and how I enter the market, and how I managed this trade on EURUSD along the way. Always remember Money Management is the KEY to success in the forex trading industry!
NOTE THAT: Consistent traders are patient with winning trades and enormously impatient with losing trades. Most traders that are out there get into a winning trade and what happens? They get extremely anxious. They want to get out of the winning trade because what’s gonna happen if it goes into a loser? They start to get very impatient and they got that finger on the sell button because they don’t want to see their winner turn into a loser. On the opposite side, if they’ve got a trade that is going against them, a lot of traders will say you know what? I’m gonna wait just a little bit longer to see if this thing turns around. Does that sound familiar to you? You probably have done that yourself. I know I used to do that a lot. Wealthy traders turn that just completely on its head. They do the exact opposite. They are patient with the winning trades and give it time to work, and they are ridiculously impatient with losing trades. That means that they are out immediately if it goes against them.
Even with a hit rate of just 30%, you can make a lot of money, if you know how to cut losses quick, and let winners run. I think there’s a lot of people out there that think, that consistent traders just have great trades every single time, and it’s absolutely not true. They’ve got a lot of losers. In fact, they lose more than they win most of the time, but they are so crazy about cutting those losses, that they are able to take kind of the randomness out of it and use it as the edge they have, to make their winners do the work for them. Small losses, small wins, and big wins. This is what you should focus on.
For further guidance, get in touch with me now:
1. 👨🎓👩🎓Join the free public Telegram for trading ideas, giveaways, mentoring & more: https://t.me/joinchat/AAAAAFMODJtMyuP5-ZfMiQ
2. 🙏🏻Drop me a private message on Telegram to get more details about the way I trade the markets: https://t.me/raphael_palmdale
3.🏄🏼♂️Join the inner circle of our team to learn all the strategies that we are using to extract money from the Markets! Get the Genius Trading Masterclass to join our group chats, and to learn the skill set of a consistently profitable trader, that you can use for the rest of your life: https://genius-trading.thinkific.com/courses/GTUmasterclass
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