Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
TRADING SYSTEM
You’ve done your homework. Countless hours of seeking out the right guru (or piecing together your own system). Weeks of monitoring your guru’s daily trade picks (or paper-trading and back-testing your homemade system). You’ve done it by the book. No seat of the pants trading for you!
OK, now you’re confident. It’s time to put your money where your homework is.
You’ve had your coffee and your first trade signal is before you. Confidence high. Trade made. First loss. Not a problem. You understood before you started that successful traders both win and lose and “losing is part of the overall winning.”
You’ve also heard more than once that “successful traders don’t win on every trade.” Moving on, still confident. Next trade made. Another loss, but this one hurt your pride a little because you got stopped out early in the trade, and then the market rebounded and would have hit your profit target if you weren’t stopped out.
You double-check. Yep, you placed the stop where your trading system told you to place it. You kind of had a feeling that the early weakness in the market was just profit-taking from the previous day’s trading, but you’re trading a system and you must stick to it. Wounded, but resilient.
After a good night’s sleep and a few mouse clicks, your new daily trades are in front of you. Hey, this one looks good! It’s a little bit more risk than yesterday’s trades had, but look at that profit potential! With a smiling face, the trade is executed.
With a nice start to the trade, you’re feeling good and you’ve moved your stop to break-even, just like your system said. Surprise piece of news – market reverses – blows through your stop – an “unexpected” loss. Is something wrong with the system? Has the overall market “personality” changed, affecting your system to the Core, rendering all your back-testing irrelevant? Your confidence turns to doubt.
You decide to “watch” the next trades. I mean, isn’t it wise to make sure the system gets back on track before you “throw good money after bad?” Isn’t that what a conservative trader does? Trade watched. It wins!
In your head, you beat yourself up a little because you know that when you started your “live” trading, you made an agreement with yourself to take the first 10 trades “no matter what” and here you wimped-out and missed a big winner that would have gotten you even.
What’s happening?!!
What’s happening is that you are out of control. Your emotions are ruling your trading. The above scenario plays out in every trader from time to time… newbie and veteran alike.
The winning trader senses what is happening and nips it in the bud. The winning trader spends time EVERY DAY, working on “the discipline of trading.” The winning trader reads a chapter in his favorite psychological trading book (mine is the Bible), scans the “ten commandments of trading” that hangs on the wall over his/her desk, might listen to his/her mental training software for traders. Something EVERY DAY before trading begins.
There are many more losing traders, than winning traders and it’s seldom about the trading system. In my career, I’ve come across at least 50 systems that I consider A+, while they lasted, yet I know for a fact that MOST traders that have traded these systems have lost.
Why? They were not in control of their emotions.
Are you?
Author: Joe Ross
Source: Tradingeducators.com
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
