Most of the trading mentorship programs you will find on the internet will try to convince you that you must apply this so-called specific trading strategy on cryptos or forex and become rich by just following those simple technical rules. THIS IS A LIE.
If you want to succeed in trading you must understand that you are setting up your own sole company. You will be your own boss and will need to take full responsibility for your mistakes, losses and gains. Nobody to blame, only you.
As a consequence, you have to know your ecosystem, you will have to understand the need for choosing the right market to trade and the right strategy to trade.
The right market and trading strategy can be right for you but not for another trader. Why? Because a winning trading system is something that we create to fit our own personality, emotions, risk tolerance and performance objective.
In sum, you must build your own whole trading system by yourself that perfectly fits what you are and what you want.
And nobody will do that and should do that for you.
Few of us understand that, taken in isolation, a trading strategy is not enough, risk management is not enough, backtesting is not enough, managing your emotions is not enough.
This is the whole system that you will trade that will make money with you and for you and you definitely must understand how ALL the parameters of your system interact with each other and impact risk and performance.
You will have to understand those very specific topics:
-trading is a zero sum gain,
-you have to accept losing in order to be able to win in a consistent basis,
-you must know the main psychological biases that are detrimental to your trading success, like the loss aversion or confirmation biases among many others,
-you have to understand what a trading edge is, that is a statistical advantage that will make you a consistent profitable trader in the long run,
-you have to not only know what are the three main components of any trading edge, that its the hit ratio, the risk-reward ratio and the position size but also to understand how they interact with each other,
-you have to use the right and unavoidable tools to assess and improve your edge: backtesting and journaling are among them.
Like I repeat to all the traders I mentor on a daily basis, a whole trading system is like a wooden stool with 4 feet.
The first one is the strategy (the technical part), the second one is the risk management (the risk of loss and how to manage volatility and drawdowns), the third one is the psychological part (understanding collective and individual psychology) and the forth one are the trading tools (backtesting, journaling, and trading routine).
Your whole trading system must be designed in a such a robust way that you could have seated on it one century ago, like you can sit on it right now and you could also be able to sit on it in a century but you need those 4 feet to remain well seated whatever happens, whenever it happens...
What you will get in this course:
Download the program "HOW TO BUILD A WHOLE TRADING SYSTEM" to know what I will teach you during this trading mentorship.