The 10 Steps to Make FX with the Crab Trader Method a Source of Income｜Step 6: The 3 Principles for Stable Trading

Cani Trader Profile

Cani Trader. On YouTube Live, he shares his trades every day and has gone from 3,000,000 to 10,000,000 yen. In 2019 as well, he provides live commentary with face shown every day from 22:45. He streams with the theme of 【Helping viewers win】【A healthy FX channel】.

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※ This article is a repost and re-edited from FX Akrakujo (FX攻略.com) November 2019 issue. Please note that the market information written in the main text may differ from current market conditions.

Patience is important! But it's not about sheer endurance

First and foremost, waiting is important. There probably isn’t anyone who is winning if they can’t wait. When a timing that matches your trade conditions comes, you enter; sometimes it doesn’t come at all in a day, and sometimes it comes many times in a day. It doesn’t come consistently. Therefore, when there isn’t a chance, it’s crucial not to take any action at all.

However, even though waiting is important, it doesn’t mean you need to acquire special skills or train endurance. What matters is that you have your own trading conditions, and you faithfully execute them; waiting means sticking to those conditions. If you don’t follow the conditions and make low-quality entries, that’s what leads to not being able to wait. A common pattern is getting carried away after a winning streak and making trades you don’t normally do, which is a sign you can’t wait. You’re failing to honor your trading conditions due to greed.

In this way, having a fixed, superior trading method at a certain level gives meaning to waiting.