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95% Win Rate Trading Insights
Aug 5, 2024
95% Win Rate Trading Strategy
Introduction
Aims to teach a trading strategy with a 95% win rate.
Applicable in any market and any time of day.
Discusses common lies propagated by trading gurus.
Personal Experience
Initially felt overwhelmed and stressed as a trader.
Self-worth tied to trading performance; experienced high stress on bad trading days.
Reflected on past profitable trades:
Successful trades involved scaling in and trusting personal intuition.
Despite following conventional wisdom, real success came from personal strategies.
Transition to Success
From struggling to making half a million dollars in 6 months.
Current capability of earning over $100,000 a month.
Key to success: breaking free from conventional beliefs.
Importance of Understanding Lies in Trading
Identifying real vs. fake information is crucial.
Lies can lead to poor decision-making and hinder trading progress.
Common pitfalls include:
Overtrading
Revenge trading
Over-risking
Many traders feel stuck due to misconceptions.
Key Misconceptions in Trading
Risk Management
Common advice: always risk 1%.
True risk management should focus on making money, not just avoiding losses.
Red folder news days can create volatility; traders often avoid them incorrectly.
Trading Psychology
Psychology isn't the main issue for struggling traders.
Focus should be on developing a strategy and edge rather than stressing over mindset.
Mechanized Trading
Many believe automated strategies will save them effort.
True mechanical strategies often require larger capital than new traders have.
Emphasizes developing intuition over seeking a "robot fantasy" of trading.
Overcoming Common Lies
Be Formless
: Adapt advice to personal circumstances.
Trust Yourself
: Rely on intuition; don’t rigidly follow others’ strategies.
Conclusion
For serious traders wanting clarity: apply to become a funded trader in 12 weeks.
The aim is to provide direct support and guidance based on extensive experience.
Encourages viewers to subscribe, like, and engage with future content.
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Full transcript