People who are suited for trading, people who are not suited for trading
There are words that leap at me as I coach daily.
・I’m a beginner at trading. (You’ve been saying that for ages, right?!）
・I might not be suited for trading.（You’ve been saying that for ages, right?!）
・Things rarely go as I expect, should I quit?
These phrases continually spill from the mouths of those who are teaching above.
What would you advise, given phrases like the ones above?
I always answer with a smile... quit already (laugh).
・First,
there is no one who remains a perpetual beginner.
If anything, it’s simply that they haven’t studied enough to establish a trading style that suits them.
Such people have no business calling themselves beginners.
・To say “I might not be suited for trading” means you lack motivation (you don’t seem serious).
It’s not that you aren’t progressing; you simply lack ideas.
If you think about how to win, you’ll understand (you’ll understand!!).
It’s because you rely on others that you fail; you’re too dependent on people.
People who ask for everything without thinking for themselves.
※If you’re reading this now, you’re not in the above category. I want to believe you’re okay.
・Regarding “I might not be suited for trading; should I quit?”:
Yes, you should quit, I answer with a smile.
About six months after I say that, some of the people who responded begin to see results as above.
Results mean you start making profits.
Now, please stop asking why. Okay?
That night, after being told that, some people were so frustrated that, for some individuals, they slept only 9 hours that night (laugh).
It’s almost relief, isn’t it (laugh)? That feels about right.
From the next day, I study how to draw lines for market environment recognition again,
and I wander the internet to find a strange indicator that clearly shows entries P,
and I rush to buy a promising one.
I’m exactly a market product gypsy.
People who loudly claim “let’s do environment recognition like me”
buy products from so-called pros who are bad traders
and take their worthless words to heart,
studying in misery and being wiped out by investing
and wasting time is something lots of people do.
Do you think there are people who can recognize the environment perfectly? …
In fact, the so-called bad traders
are often the ones who don’t understand at all. But they pretend to.
That’s the reality; in Japan’s FX educational environment,
that’s what it’s like.
Indicators that don’t win, EAs that don’t win,
FX schools that don’t help you win, most of them fall into that category.
If you enter exactly as the indicator tells you to, you must perform environment recognition!
You’ll hear that usual advice and your path gets thorny.
Nevertheless, people in this world must survive.
That’s not what I said, but someone said it (laugh).
Folks who aren’t fools and pros who spew such nonsense
shouldn’t be deceived, I believe, but
please be careful nonetheless.
That was a preface!!
A while ago, people who had asked me questions and left (there were actually five)
returned to rejoin me.
Or rather, they said, “Sell us an EA!” so I handed one over.
The individuals said
they wished they had realized sooner that up until now no one had an ideal product like theirs!
Because of that, they chose to take it easy and go forward,
for example, using a discretionary support EA and setting a daily target
(one person aims for 3,000 yen per day, another 10,000 yen, then 100,000 yen, etc.)
and finishing each day with that goal in mind.
I think that’s fine.
People have different inclinations;
even if you buy something that sounds so enticing,
if it doesn’t suit you, it’s just garbage.
I have a trading colleague who is exceptionally good at environment recognition.
Thanks to outstanding environment recognition, in a single trade he sometimes makes thousands of pips.
But about one-third of the time, his trades end in failure.
I focus on environment recognition fairly well and primarily do scalping-based trading
in my daily routine.
Moreover, I hate looking at charts.
Even if environment recognition is decent or you hate charts,
you can trade properly (laugh).
In short, it’s okay to overthink, but how you think matters.
You worry to find the trading approach that fits you best.
Regarding who is suited for trading and who isn’t
such classifications are nonsense.
If you have motivation, you can absorb it in any form; imagining it
is what FX is about, I believe.
Some always love studying, others love short-term trading, long-term, scalping...
If you hate hassle and want minimal chart viewing,
let’s explore easy ways for scalping or swing trading.
For example,
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A settlement EA becomes one of your methods.
Please favor Zao Onsen!
also available.
See You!!