DOVYFX
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📈 Daily analysis, trading updates and day-to-day life!

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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 🙂

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 👆🏻.

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 ↑

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 ❤️ and then post it)
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DOVYFX
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…
Where are ❤️, guys? Don't need a post?
Is everyone already quietly making tens of thousands of dollars monthly?))

No? Then I'm waiting for ❤️

I want to record a voice memo on "why some people trade and make money in basically the same conditions, while others lose their entire deposit".
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The most common cause of deposit loss in trading.

It is not lack of knowledge or bad technical analysis. It is overtrading.

There are 2 main reasons for this problem:

1. an eager to open the trade to get that "adrenaline rush" when the money is on the line
2. a misconception of "the more I trade, the more money I make".

And I have been in the same situation when I just started, but only after some time I realised that it is more important to focus on quality rather than quantity of the trades.

Every trader needs to understand that the only way to consistently make money they need to stop trying to find opportunities in the markets and instead wait for the markets to present it.

☝️🏻 Chasing the markets has never been the right way to do it.

My tip to avoid this problem is next time you have 3,5,8 trades ready, just pick the one that look like the most reasonable and logical trade and then do the same thing over and over again. And you will see how much more consistency you will have.
I entered a trade yesterday and… lost it 🥲

Trading is not about technical analysis or "knowing how to predict chart movement" as many people think.

Trading is strategy, psychology and MATHEMATICS. The ability to calculate and analyze, as well as not to panic from failures and unstable situations.

And I want to show it on the example of 2500$, which I lost yesterday.

So, what is a losing trade?

For a bad trader, it is dysmoralism and the desire to get even.
Sooner or later the percentage of unsuccessful trades increases and they consume your entire deposit.

And the reason is not a lack of knowledge. This is a very rare phenomenon.
As a rule, the lack of PRACTICAL EXPERIENCE is to blame, and practical experience helps to experience the very process of trading and failures.

For a good trader a losing trade is

1) data for analysis
2) a reason for rest
3) an event that does NOT draw out emotions.

Using this logic, I can turn -$2.5k into +$25k in the near future.

The success rate of my trades is about 80%.

This means that out of 10 trades, I only lose two identical trades, let's say this represents 1% of my deposit.
That's only -$4,000.

In the remaining 8 trades I make 1% of my deposit.
That's +$16,000.

Do you live to trade or trade to live comfortably?

I'm all for trading being a tool to improve your lifestyle.
For 2.5 years I have been trading at a loss.

Yes, I didn't talk about it much, but in fact for the first 2.5 years of my attempts to make money from trading I traded at a significant loss.

Now I realize that the thousands of dollars I lost then helped me to earn 1.4 million dollars on trading. But then, of course, it was very painful and frustrating to buy experience and knowledge at such a price.

After 7 years of trading and already earned millions of dollars, I finally formed my personal methodology, which I now teach 5 pioneers in my personal training program.

And according to my methodology, which I put in the basis of Mentorship, every person will be able to learn trading from scratch in a few months and reach an income of 1000$ per month. Even if you don't have money for a starting deposit now.

The Mentorship program is built on the 3 pillars of successful trading:

1. Quality knowledge and practical experience

Already during the mentoring program you will start trading and making money from it.

2. Signals from me

They will help you to understand in practice, help you to earn, help you to pay off the training even before it is over.

3. Funding

Just an opportunity to start earning money on trading for those who do not have the opportunity to allocate money for it now.

In stories I tell you more about mentoring and how to become my student 😉

Click
❤️ if you would like to become my student
What do you think is the best way to learn trading?
Anonymous Poll
29%
On free youtube videos
71%
From an experienced trader, but for a fee
There is an illusion that you can learn trading for free.
It is tempting to believe this, but let's face it.

The math of learning to trade. 2 options:

1) Independent learning.
Costs:
- $3000 to $50,000 of drained deposit
- 1-2 years to reach +

2) Training with an experienced trader with results.
Costs:
- $1000 to $5000 average cost of training
- 2-6 months of training, during which you already get + and recoup the cost of training.

Trading is, among other things, about the ability to count money, and not only the money earned, but also the money spent.

If you want to become a trader in 2024 and successfully earn at least $1,000 a month in trading, and in the long run earn $100,000 a year, I think it's obvious which way to do it faster.

I plan to open a recruitment for my mentorship in the coming month.
And I will be glad to smart traders who decide to grow with me:)
One students has dropped out of the challenge

Yeah, guys, I didn't believe it myself, but this is the same guy

- who had a $400 deposit.
- the only one who got a task from me to get funding.
- worked at IKEA in addition to the Challenge.

And he became the FIRST person to complete his personal challenge.

He made over $400 through trading in 12 days.

He was afraid to take risks and open trades for a long time.

But he did it!

He literally made as much in 12 days as he makes in a month at his day job.

We had a call, I asked him:

1. How does he evaluate his results? Is 400 dollars in 12 days a lot for him, or is it still not enough?
2. Was it difficult to achieve the result?
3. What is his next financial goal?

Listen to the answers in the video I've attached to the post.

And then, during the conversation, I told him I had a gift for him..

For being number one.

I won't tell you about the gift just yet.

But judging from his reaction, it's a very nice gift)

Congratulations to Isaac - 🔥️️️️️
It's a nice day 😏

Yacht, good company and +$15,000 in my account…

Speaking of good company. Who knows who's here to see me? Click ❤️