Sunday, December 13, 2015
For those who do not follow this blog, I started trading an account live in our trading room from US$ 10,000 on September the 14th, and on Friday we reached our new target.
Now, from Monday, we start trading towards our next target: US$ 40,000. We'll trade ES (S&P 500 e-minis) with 10 lots, in case we lose and go back to US$ 20,000 we'll decrease the size we trade back to 6 lots and start all over again.
This is the 4th time I make this kind of challenge and so far we never had to go back to a previous stage and start over, but we know, in trading anything is possible, past performance does not guarantee future success, but since we started using the Diamond Setups methodology 6 years ago, we know that if we follow the rules we will be consistently profitable, we know rules profit.
I think the most difficult phase for any trader who starts trading is the very beginning, any losing trade will take him/her into negative territory and most traders find it difficult to follow the rules when they see themselves in that type of situation, many traders after just 1 or 2 losses, stop following the rules and start trading recklessly and end up blowing up their accounts, but those who regardless just follow the system looking up to the long run, will soon go into profitable territory, I have seen that happening so many times in our trading room in the 5+ years that I've been teaching my trading methodology.
Then the most difficult phase for a trader to overcome is the initial phase, his/her first US$ 2,000 to US$ 5,000 profits, those who manage to break those initial levels of profit usually go on to bigger targets smoothly because they are not afraid to take the next trade; losers tend to skip good trades and take the bad ones, while winners know their edge will grab more big winners than losers.
Learn a system that is easy to use and follow the rules religiously, profits will quickly add up.
Our system works like clockwork, if you want to learn something simple and effective, join us now.
Click here ==> Diamond Setups - The only edge you need.
Posted by @RenaTrader at 12:17 PM