3 BIGGEST MISTAKES BEGINNER TRADERS MAKE β¬οΈ
Statistically, 95% of all beginner traders do not succeed.
Why?
There are many factors, but one of them is that beginner traders make typical mistakes.
These mistakes can be avoided if you treat trading as a profession. But for some reason most people think that trading is super simple, that any fool can make money here and there is no need to learn anything. And, as a result, they drain their deposits to zero and become the very people who shout: "Trading is a scam, it is impossible to make money there".
I have written a list of the 3 most common mistakes made by experienced traders:
1. Coming to trading with the wrong expectations, wanting to become rich and find over-night success
2. Jumping from one strategy to another, looking for some βmagical trickβ to become successful, but not understanding that it is all about psychology and a cerebral approach to markets
3. Not learning from mistakes. As a trader you should be making mistakes and that is completely acceptable, but the most important thing is to learn from your mistakes and make changes to adapt
I also shared info about one more significant mistake in this reel: https://www.instagram.com/reel/C2clMF6BQQh/?igsh=MXY2ZG04ejc3dnRs
If we get 300 β€οΈ on this post, I'll write the second part of the post.
Statistically, 95% of all beginner traders do not succeed.
Why?
There are many factors, but one of them is that beginner traders make typical mistakes.
These mistakes can be avoided if you treat trading as a profession. But for some reason most people think that trading is super simple, that any fool can make money here and there is no need to learn anything. And, as a result, they drain their deposits to zero and become the very people who shout: "Trading is a scam, it is impossible to make money there".
I have written a list of the 3 most common mistakes made by experienced traders:
1. Coming to trading with the wrong expectations, wanting to become rich and find over-night success
2. Jumping from one strategy to another, looking for some βmagical trickβ to become successful, but not understanding that it is all about psychology and a cerebral approach to markets
3. Not learning from mistakes. As a trader you should be making mistakes and that is completely acceptable, but the most important thing is to learn from your mistakes and make changes to adapt
I also shared info about one more significant mistake in this reel: https://www.instagram.com/reel/C2clMF6BQQh/?igsh=MXY2ZG04ejc3dnRs
If we get 300 β€οΈ on this post, I'll write the second part of the post.
Good morning, champions! Another Monday where everything can change...
My Monday started like this ππ»
+ one successful trade closed.
You could say that I have a luck for making successful trades, but it's analysis + experience + knowledge that allows me to read the market. But certainly not "luck".
There is no such thing as luck, no matter how much every beginner and even experienced traders want to believe it. If you rely on your gut, all trading will be reduced to chaotic and unpredictable earnings.
I am in favor of making trading a predictable system of earning, in which you increase your balance by at least 5% every month.
Who agrees to this approach click β€οΈ
My Monday started like this ππ»
+ one successful trade closed.
You could say that I have a luck for making successful trades, but it's analysis + experience + knowledge that allows me to read the market. But certainly not "luck".
There is no such thing as luck, no matter how much every beginner and even experienced traders want to believe it. If you rely on your gut, all trading will be reduced to chaotic and unpredictable earnings.
I am in favor of making trading a predictable system of earning, in which you increase your balance by at least 5% every month.
Who agrees to this approach click β€οΈ
Friends, this channel is the only channel I run.
I don't run any other channels about crypto or anything else.
Now scammers are actively writing on my behalf. Do not fall for it.
My official channels and resources:
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The focus group for my mentorship started exactly one week ago.
*this is like a beta version of mentoring; I'm testing the programme of my future mentorship on 5 first-timers.
Over the course of the week we:
β Opened trading accounts to start trading during the mentoring program
β Studied key levels and market structure
It might seem like very little work, but in fact we have already learned a lot during the week. I specifically allocated a lot of time to concentrate on the basics, so that the lack of knowledge doesn't become a shortfall, which will ultimately lead to a fatal mistake.
The plan for this week is to actively implement everything we've learned + and hopefully start making some money.
Stay in touch π€π»
*this is like a beta version of mentoring; I'm testing the programme of my future mentorship on 5 first-timers.
Over the course of the week we:
β Opened trading accounts to start trading during the mentoring program
β Studied key levels and market structure
It might seem like very little work, but in fact we have already learned a lot during the week. I specifically allocated a lot of time to concentrate on the basics, so that the lack of knowledge doesn't become a shortfall, which will ultimately lead to a fatal mistake.
The plan for this week is to actively implement everything we've learned + and hopefully start making some money.
Stay in touch π€π»
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I woke up yesterday, and thought..... For a week and a half, the focus group participants and I have been calling and learning about trading.
And they've already made great strides in their trading knowledge. But there's one thing missing: results.
And they came to be mentored by me, to make money. So, I decided that there is no reason to keep putting it off and it's time to start acting.
This is the official challenge that I will be broadcasting here and in my stories.
Why am I doing this? The reasons are 2:
1. The public announcement will definitely motivate the participants to try harder. So for the focus group participants, it's extra motivation.
2. And for you, it is the best example to prove that you can start trading from 0 and learn how to earn decent sums of money in 2024. And you can earn more than $1000, if you apply yourself.
It doesn't matter who you are, where you live, or how much money you have right now. Everyone can earn at least $1000 from scratch in 2 weeks in trading.
And using the example of my students, I will prove it.
Who will follow the Challenge? Click β€οΈ.
I'm sharing this for you π
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"You have a personal prop company and are selling courses. But you try to make money for your Lifestyle through trading..."
- I read a message like this on Direct the other day. Laughed and forgot about it....
And then I realized that I wanted to comment on it.
Not to prove anything to anyone. No. Actually, so that people who are at the beginning of their journey don't get disappointed in themselves and don't give up on their path to success.
Through my example, I want to prove that everything is possible. And anyone can become wealthy, successful and free... and if you think that I earn my living from my prop company or from selling courses, then it turns out that I'm not much of an example :)
I have attached a video to the post with a full review of 1 of my 6 trader accounts. You can see the figures for yourself.
Profit of $124,660. On one of 6 accounts.
These 6 accounts make up about 70% of my income. Another 20% of my income comes from my real estate investments. And β10% is from courses. FYI, I have not offered any courses for 2 months, the entrance to the VIP-group is closed and I do not plan to reopen it.
From my latest projects - I opened a prop company the other day (which is still an expense, not income) and in February/March I plan to launch Mentorship.
But trading will remain my main source of income. Because right now is the time.
Would you like me to write a post about why now is the best time to make hundreds of thousands of $ on trading? π₯
- I read a message like this on Direct the other day. Laughed and forgot about it....
And then I realized that I wanted to comment on it.
Not to prove anything to anyone. No. Actually, so that people who are at the beginning of their journey don't get disappointed in themselves and don't give up on their path to success.
Through my example, I want to prove that everything is possible. And anyone can become wealthy, successful and free... and if you think that I earn my living from my prop company or from selling courses, then it turns out that I'm not much of an example :)
I have attached a video to the post with a full review of 1 of my 6 trader accounts. You can see the figures for yourself.
Profit of $124,660. On one of 6 accounts.
These 6 accounts make up about 70% of my income. Another 20% of my income comes from my real estate investments. And β10% is from courses. FYI, I have not offered any courses for 2 months, the entrance to the VIP-group is closed and I do not plan to reopen it.
From my latest projects - I opened a prop company the other day (which is still an expense, not income) and in February/March I plan to launch Mentorship.
But trading will remain my main source of income. Because right now is the time.
Would you like me to write a post about why now is the best time to make hundreds of thousands of $ on trading? π₯
I like trading because any amount is attainable with any deposit
$100,000 for example. Who wants to earn $100,000?
Tap β€οΈ on this post.
This amount is equally achievable with any starting deposit: it can be $100, $1,000 or $5,000.
And if you have good experience and strong knowledge, it is much easier to reach the $100,000 mark with $100 than trying to repeat someone else's successful strategy with a $50,000 deposit.
But we don't have a goal to prove it. Our goal is to make $1,000 for every newbie, as quickly as possible.
And yesterday, we realized that this goal was unattainable for one of the participants in the challenge...
to be continued in the next post.
$100,000 for example. Who wants to earn $100,000?
Tap β€οΈ on this post.
This amount is equally achievable with any starting deposit: it can be $100, $1,000 or $5,000.
And if you have good experience and strong knowledge, it is much easier to reach the $100,000 mark with $100 than trying to repeat someone else's successful strategy with a $50,000 deposit.
But we don't have a goal to prove it. Our goal is to make $1,000 for every newbie, as quickly as possible.
And yesterday, we realized that this goal was unattainable for one of the participants in the challenge...
to be continued in the next post.
Today I did my first public breakdown of the charts sent to me by my subscribers.
I recommend you to watch them in the stories (they will be deleted after 20 hours): https://www.instagram.com/dovy.fx
I plan to repeat this format after each of the focus group participants makes their first money.
By the way, there is news on our Challenge.
I'll tell you about them tomorrow.
Good night π΄
I recommend you to watch them in the stories (they will be deleted after 20 hours): https://www.instagram.com/dovy.fx
I plan to repeat this format after each of the focus group participants makes their first money.
By the way, there is news on our Challenge.
I'll tell you about them tomorrow.
Good night π΄
Day 5 of the Challenge.
While working in the minus.
Hi guys, I'm here with the promised news on the "0 to 1000$ in 14 days" Challenge.
The results of the Challenge can be briefly described in two messages, which I have attached in the screenshots β
Yeah, the miracle didn't happen. The guys first trades were unprofitable.
My opinion why is it so?
I think the biggest reason why they closed the trades in negative is because they were trading against momentum.
Yes, maybe there were confirmation candles on 15-30 minute time frame, but overall the momentum on higher time frames were stood downside, right?
So they're trading against momentum.
What you need to do? you need to wait for the confirmations on higher time frames as well and only trade with Π° trend and with market direction.
Useful? Click β€οΈ
While working in the minus.
Hi guys, I'm here with the promised news on the "0 to 1000$ in 14 days" Challenge.
The results of the Challenge can be briefly described in two messages, which I have attached in the screenshots β
Yeah, the miracle didn't happen. The guys first trades were unprofitable.
My opinion why is it so?
I think the biggest reason why they closed the trades in negative is because they were trading against momentum.
Yes, maybe there were confirmation candles on 15-30 minute time frame, but overall the momentum on higher time frames were stood downside, right?
So they're trading against momentum.
What you need to do? you need to wait for the confirmations on higher time frames as well and only trade with Π° trend and with market direction.
Useful? Click β€οΈ
Day 6 of the Challenge. First win.
Hello, friends. And I'm back with news about the Challenge "From 0 to 1000$ in 14 days".
If we had a bad day and the guys opened unprofitable trades yesterday... Today I'm ready to share our first victory with you!
And not just one π
Victory #1
As you remember, among all the guys who were able to allocate 1000$ of trading capital, we had Isaac. Isaac only had $400. To reach the goal of $1000$ in 14 days, this amount is just not enough.
1000$ can be done with a 400$ deposit, but to do it in 14 days you would have to use very high risk strategies. I am against this for beginners.
So we decided to reduce Isaac's goal to $400 in 14 days + give him a separate goal for getting funding.
Isaac didn't make 400$, but... yesterday he got his first big profit from a prop company. +430$ on the funding challenge.
Victory #2
The rest of the guys have their first profitable trades!
All proof - on the screens, which I attached to the post ππ».
Lex did a great job and returned the money he lost on trades.
β β β
Let's keep learning and working! The roast week lies ahead, where we will see the main profits.
And everything that we managed to do this week is described in the pictures above β
PS: I want to make a post about why some people trade and make money in basically the same conditions, while others lose their entire deposit. Interested?
Let's get 111 β€οΈ and then post it)
Hello, friends. And I'm back with news about the Challenge "From 0 to 1000$ in 14 days".
If we had a bad day and the guys opened unprofitable trades yesterday... Today I'm ready to share our first victory with you!
And not just one π
Victory #1
As you remember, among all the guys who were able to allocate 1000$ of trading capital, we had Isaac. Isaac only had $400. To reach the goal of $1000$ in 14 days, this amount is just not enough.
1000$ can be done with a 400$ deposit, but to do it in 14 days you would have to use very high risk strategies. I am against this for beginners.
So we decided to reduce Isaac's goal to $400 in 14 days + give him a separate goal for getting funding.
Isaac didn't make 400$, but... yesterday he got his first big profit from a prop company. +430$ on the funding challenge.
Victory #2
The rest of the guys have their first profitable trades!
All proof - on the screens, which I attached to the post ππ».
Lex did a great job and returned the money he lost on trades.
Let's keep learning and working! The roast week lies ahead, where we will see the main profits.
And everything that we managed to do this week is described in the pictures above β
PS: I want to make a post about why some people trade and make money in basically the same conditions, while others lose their entire deposit. Interested?
Let's get 111 β€οΈ and then post it)
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