Founder of CGIT4x. I trade in forex for living
Joined June 2018
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Made 5% on 50k funded challenge account in 2 trading days
Account purchased from @FundingFrontier
@kashiftrades
Today I Received my Second Payout from Funding Frontier from 50k funded account.
I requested for withdrawal last day now today within 24hours they proceed and send $$ to my Wallet.
Specially Thankfull to @kashiftrades @FundingFrontier
It took me 2 minutes to make my first trade.
It took me 1 month to nearly blow my first account.
It took me 1 year to mitigate FOMO and Revenge Trading.
It took me 2.5 years to perfect my trading system.
After This :
It will took me 3 years to become a millionaire
Disciplined trader grows like 1k-> 10K-> 1L-> 10L-> 1CR ...
Impatient trader can come to Zero from any capital
So, be Disciplined!
Trading losses aren't supposed to break you.
They're meant to help you understand the market, your system and its limitations, and finally, yourself.
You used to look at the chart and have zero idea what it meant...
Now you know exactly what you should be looking for and how to react when the price moves.
This is called maturity in trading.
In trading...𝗕𝗘 𝗕𝗢𝗥𝗜𝗡𝗚.
• Trade the same,
• Wake up at the same time,
• Sleep at the same time,
• Follow the same rules,
• Journal & Review at the same time.
This is what real trading is.
It's not exciting, but, it's the key to profitability.
𝗕𝗘 𝗕𝗢𝗥𝗜𝗡𝗚.
Switching your mentality from "why is this happening to me" to "what is this trying to teach me" is a game changer.
The best way to keep fear in check is to increase your size in small increments only when you can confidently trade your current size.
It's very similar to weightlifting.
If it's too heavy, decrease the weight and spend more time with lighter weights.
Success demands these 6 things..
(The Secret Formula)
1. Hard Work
Don't believe in luck, believe in hard work.
Stop trying to rush the process or searching for a shortcut.
There is none.
2. Patience
If you are losing the patience, you are losing the battle.
First nothing happens, then it happens slowly and suddenly all at once.
Most people give up at stage one.
3. Sacrifice
If you don't sacrifice for what you want, then what you want becomes the sacrifice.
Everything has its price. The question is: Are you ready to pay it for the life you desire?
4. Consistency
Consistency is what transforms average into excellence.
Without consistency, you will never achieve greater success.
5. Discipline
Motivation gets you going, but discipline keeps you growing.
There will be days when you don't “feel” like doing it.
You have to push through those days regardless of how you feel.
6. Self Confidence
Confidence is, I'll be fine if they don't like me.
What often destroys weeks and months of progress and hard-earned profits is chasing some quick profits in an unstructured way.
Psychology fact:
When you increase your risk, you will decrease your confidence.
That's why greed and revenge trading kill traders.
How a professional trader identifies a winning candlestick pattern from the noisy market structure?
A professional trader knows the market’s activity behind the charts you see on your screen. By seeing a candlestick pattern, a professional trader can predict trend reversals and trend continuations.
The pro traders follow these four principles to identify high probability candlestick patterns.
1. Trend
The first step is to check the trend. A good trader will check the trend direction. If the trend is bullish, he will only look for bullish candlestick patterns. He’ll ignore other candlestick patterns and will only try to find the bullish patterns.
2. Structure
After finding the direction of the trend, a pro trader will look at the structure of the candlestick pattern to validate it by looking at the OHLC values of each candlestick. This step will help traders to filter good patterns from the candlestick chart. So they determine the strength of that candlestick pattern.
3. Location
The third and most crucial step is the Location of the candlestick pattern. A good trader will look at the Location of the candlestick pattern to confirm that either the pattern has formed in ranging market conditions or the overbought/oversold conditions.
4. Psychology
The fourth step is trading psychology. In trading psychology, a pro trader tries to check the activity of institutional traders behind the chart so he can also make a decision. For example, in the bullish engulfing candlestick pattern, the buyers overcome the force of sellers in the market. Buyers take the full control from the sellers and then a bullish trend starts. Like at a key level, when sellers loses momentum and buyers make a bullish candlestick that fully engulfs the strength of sellers then this is an indication of increase in strength of buyers.
How to adapt Discipline in Trading.
Developing discipline in trading is crucial for long-term success. Here are some tips to help you adapt discipline in your trading:
1.Trading Plan: Create a detailed trading plan outlining your strategies, entry and exit points, risk management rules, and goals. Stick to your plan and avoid deviating from it based on emotions or impulses.
2.Set Rules: Establish clear rules for your trading activities, including risk management guidelines, maximum loss limits per trade, and profit-taking strategies. Adhere to these rules consistently.
3.Use Stop-Loss Orders: Implement stop-loss orders on your trades to limit potential losses. This helps you manage risk effectively and prevents emotional decision-making during volatile market conditions.
4.Stay Calm: Maintain emotional discipline by staying calm and rational while trading. Avoid making decisions based on fear, greed, or excitement. Take a step back and assess the situation objectively before acting.
5.Review and Learn: Regularly review your trades, outcomes, and decision-making process. Learn from both successful and unsuccessful trades to improve your trading strategy and decision-making skills.
6.Practice Patience: Practice patience in trading by waiting for the right opportunities that align with your trading plan. Avoid impulsive trading decisions that do not fit your strategy.
7.SeekSupport: Consider joining trading communities, forums, or finding a mentor to provide guidance, support, and accountability in maintaining discipline.
By incorporating these practices into your trading routine and mindset, you can develop the discipline needed to navigate the forex market effectively and increase your chances of success in trading.