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Prepare for your trading week with our unique strategy insights. Dylan and Max break down the Forex, Commodities, Indices and Crypto markets on a weekly basis to give you an over the shoulder look into the markets. Compare, adapt and capitalise. (45 minutes + in length)
Godfrey Hope reviewed The Social Traders
19th Aug 2020
Paul Metcalf reviewed The Social Traders
2nd July 2020
Tom Cowley reviewed The Social Traders
15th June 2021
James Collins reviewed The Social Traders
10th July 2020
“Amazing community and the guys are top notch👌🏼 super helpful and super responsive, never have I learnt so much about trading since I joined this community.”
According to TrustPilot
I broke down 3 times,
But there is that one mistake that I always remember,
That I always come back to when I am trading and I think it would provide some real value if I were to share it…
The number one issue I faced when I was right at the beginning of my trading journey, within the first year.
I really struggled to face the fact I was wrong.
When a trade was going against me I couldn’t get my head around why that would be? All the technicals made sense… structure lined up, the pattern was in place and I had lower time frame confirmation to enter the trade. Everything about the setups I was taking were fitting my plan.
The issue is, and this is key; the market can and will do whatever it wants.
It’s not perfect and will never be perfect,
This means you could have the best looking setup out there but still have that trade go and take you out for -1% (or whatever your set risk parameter is).
For someone that likes being right, you could see that this would be a potential problem…
What was happening is that I would open my stop loss to cater for the fact I couldn’t be wrong.
Ok sometimes this would go my way but a lot of the time the market committed to itself. So a -1% trade became a -1.4% trade, then a -1.5% trade, then a -1.7% trade and it was a vicious cycle.
Overall it was incredibly damaging to my account and also psychology,
So what made me stop?
One thing we teach all of our students here at The Social Traders is that becoming a consistently profitable trader will not happen overnight. The earlier you start trade tracking and holding yourself accountable for the trades being played the sooner you will break through that barrier of consistency.
With data in front of me I could clearly see where my downfalls were and therefore could easily address them to avoid the same mistake happening again and again. At the time, I would film a small recap to go over the setup that went against me.
This was a game changer,
hold yourself accountable with the trades you take, whether that be a written document, a video or a sketch…
Otherwise you will pass blame onto the market and the cycle repeats,
Remember the market can and will do whatever it wants.
The Social Traders
What’s your goal today?
1. Join The Social Traders To Improve Your Profitability
We’ve helped over five hundred traders, using our unique SMC & Patterns strategy. To discover how we can help level up your trading:
2. Learn how to trade to the highest level
Jump back into our free community, our strategy dashboard will give you access to module 1 this includes our highly rated videos ‘The art of discretion’, ‘The power of liquidity’ and ‘The beauty of the swing’
Join pro and browse over 25 videos and articles, containing an amazing number of useful tools and techniques. Many traders tell us they have simplified and refined their process resulting in consistency by following the advice in these videos and articles.
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