How To Trade FEARLESSLY!!

By September 25, 2019Members T

When FEAR is staring you dead in the face and a drawdown is hot 🥵 on your heels 👠 what do you do?

Grab your 🎱 🎾 🏀s and run 🏃‍♂️ for the hills or watch your equity balance disappear?

Automated Trading can differ MASSIVELY from trading Manually! But one thing they both share in common is FEAR OF THE UNKNOWN! 😈

I believe there’s a simple way to overcome it!

1. Target the Source of where it’s coming from (normally not knowing WTF 🤬 the market is going to do next!)
2. Start understanding the logic of the strategy being used.
3. Get yourself educated with Price Action and Support & Resistance.
4. Hours Chart Watching or Backtesting!

But the most important part is 5.ACCEPTING the risk! Many of us just ain’t simply prepared to do that because we’ve all been programmed to win!

Who the fck likes losing? 🤯 Nobody!

But accepting the Markets are dynamic and as traders automated or manual we must also be dynamic too! (Even if that means coming second place) 🥈

The Story We Tell Ourselves:

It’s like planning a 200 mile journey to the Promise Land (Profits 🤑) by car 🚗 and not accounting 🧾 for traffic (Drawdown)

We will naturally get Irritant if we hit Traffic because that wasn’t apart of our travel plans🧭 and this delay can cause anxiety, fear etc.

But... when we acknowledge YES! There might be traffic and YES! I might get held up it makes your journey that much easier as you proceed on! 😎

Just like a trading system! If it historically has a 80% win rate 🥇 you must also be prepare and ACCEPT that there will be a losing period or Drawdown of 20%.🥈

 

How to Deal with it!

1. Hedge: Manually Trade another Asset CFDS is the PERFECT 👌🏽 Solution! (Get educated)
2. Average Down: Simply means to Dumb Down your Lot Size until this period goes! (Take baby losses 👶🏽)

Now in life there’s no short cut to success🏆 even if you decide to do something illegally and make millions tomorrow karma will eventually catch up with you🤹🏽‍♀️and take it away because it wasn’t earned!

There’s no better feeling in life then working hard/smart for something then being Grateful that you’ve truly Earned it!

By setting yourself up the correct way having the right Psychology (Preparation), Tools (The fastest sht Money can buy) and Knowledge.

You’ll be heads and shoulders 🧙‍♂️ above the rest of the pack 🐺

I’ll close out by saying

“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.”
Abraham Lincoln

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mvxlfundmanager

FOUNDER OF MVXL ASSOCIATES LTDMAKING THE IMPOSSIBLE EXTREMELY POSSIBLE!