13 Years, $300m Later: If I Started Trading Today, Here’s What I’d Do.

I have slowly but surely mastered the strategies that has brought me to this level of wealth today through various trial and err or methods.

As a trader, it is inevitable to incur losses and have setups that you were sure of, that ended up failing.

I have been able to convert more than 2000 struggling traders to millionaires. I have built a multi million dollar hedge fund with over $150 million A.U.M.

I also have a Youtube page of over 100,000 subscribers.

With the knowledge i’m about to impact, you’ll get the chance to skip the phase that requires resilience in the face of failure.

You will be able to avoid falling under the percentage of traders that lose out, don’t understand what part of their setup is in need of a change, and require pointers in the right direction.

For easy assimilation, I’ll break it down into 10 connected parts. If you can follow this advice, you should have no problem amassing the type of wealth you’ve set as a goal for yourself.

When trying to learn what. can benefit you, you must be ready to dismantle your carefully built pyramid of knowledge, unlearn what you may have learnt in order to relearn what would take you where you need to be.

Quality Beats Quantity Trades

You don’t need to open a hundred positions to take you to the thousands of dollars you’re hoping for.

You only need a few open positions of a very sure trade signal to build on depending on your account size.

Quality will always beat quantity in every aspect; you’re forgoing all you’ve learnt about risk management, discipline and throwing away your whole forex vision board because you want to milk the market. That’s not the way to go about getting to where you need to be.

Once you understand that is a gradual process, you’d be more focused and on the right path.

Discipline

In your day to day as an adult, you must have learnt that discipline is a necessary habit to imbibe in order to curb things like overspending, sticking to budgets, having a healthy routine and whatnot. It is no different in forex.

On the contrary, forex requires strict discipline and mastery of emotions. You have to stick to the routines you’ve created for yourself.

You have to tighten your stop loss when the market seems unfavorable rather hoping and praying.

Discipline involves taking your losses and sticking to the plan.

Revenge trading can’t be in your books as a disciplined trader.

Setting certain standards for yourself and abiding by them is the best way to prove to yourself in your forex journey that you can achieve the goals you have set.

You will be rewarded by your wins.

Price action is key

Price action is very key.

Relying on your personal feelings during trading is never, and has never proven to be a good idea.

Top-down analysis or nothing else.

Seriously, it is this or nothing. This analysis has helped me to scale faster on the ladder of success that i had pinned to my board.

The top down analysis is the scaling down from the highest possible timeframe to the lowest possible timeframe.

You start by viewing the price from the bigger picture in order to have a comprehensive view of the market.

When you align multiple timeframes in the same direction, it helps to increase the probability of successful trades.

This strategy has gotten me over $80,000 in one trade. I’ve also established a hedge fund management company worth $150million. Yeah, it works.

You can also check out others it has worked for on my blog.

I have an article all about it if you want to learn more here.

Less is more

A hustler trader will try to maximize their profits on a signal they’re more confident on than usual. They do this by opening multiple trades and increasing their lot sizes, and ignoring the discipline that has brought them to that point of surety but an experienced trader understands that less is more.

Trade What you see not what you think.

You might be thinking, “ I’ve seen this exact same format play out two weeks ago on the market, this is how it should go”.

What is going to play out, is the losses you’re about to freshly acquire.

You should never use speculation as your reason for entering into a trade.

You will have no-one to blame but yourself for when it doesn’t work out as you predicted.

It goes without saying that evidence is more believable as it is literal proof. The setup you can see is obviously what you should go for, not what your gut feeling says.

More money is made in holding the trade longer.

Like i mentioned earlier in the use of top-down analysis , you should be holding your trades for longer for better results. The trick isn’t in opening multiple positions with the same signal, It’s in holding your trades for longer.

Investors capital = Prop funding ( Scale faster)

A great way to maximize your profits without having to shift the discipline you have invested in your trading account. Prop firms will offer you, as a skilled trader, funding to trade with after evaluating your skills and trading strategy. A percentage split with the prop firm leaves you with a good amount of your hardwork earned, extra income asides from your personal trading account, and probably even a whole new experience trading with a different account size.

My prop firm has a unique profit split rate of 70/30. Check it out here.

Only trade in a trending market

Only engage the market when it is in familiar territory. It is in your best interest to choose to enter the market when prices are moving in a clear direction. Make use of technical analysis tools such as trendlines. With this in your armory, you can make informed decisions as regards your trades.

Having summed up 13 years of progress, mistakes and journalling, here is what has undoubtedly worked for me and others.

If you take these to heart and consider immense discipline in implementing them all, nothing stops you from achieving what i’ve got today, and even faster.