Good day to the BOTT family. I want to share my insight and experience as a full time independent Futures & FX trader with you. I have been trading for 7 years and only 6 months with binary option.
Yesterday a member here Venky Venky posted about his trading woes. I want to talk a little about this. He mentioned he was a good trader 8 months ago with high ITM%. But recently his ITM% has dropped to 50%.
Let me stop everyone here. There are a lot of good traders here. So good that they make million of $ in demo account. There is also another group of good traders here making a lot of ITM everyday. There was just one trader who made like 12/12 ITM yesterday too. But the total profits he made cannot even buy a cup of Starbucks Frappuccino. You see the point?
To survive and live off the market, good traders are not enough. Only the profitable traders can do that. There is a big difference between good and profitable traders. There are so many good traders here but less than 1% can make money consistently for at least 3 months. All these good traders are only concern about getting the colour of the next candle right.
If you are this type of traders, i am sure your real trading account already tell you the truth.
Lastly, what is the problem with Venky Venky? Trading accuracy? No, his problem is he is not aware of the market cyclical behaviour. In another words, he dont give a F* about the market but simply follow the candle. Also he does not have a trading plan.
Let me show you guys my trading for this week. As you can see I am only averaging slightly above 65% ITM. And I use Martingale. But the difference with me is that I know EXACTLY how to use Martingale, EFFECTIVELY.
I am not a good trader because I have only about 65-70% ITM. But from the screenshot I already made $700 within 24 hours. I already made more than those very very very good traders with $1 bets. And I dont need to be a good trader.
My suggestion to those struggling is this. Dont read the good stuff from good traders. They are not telling the whole truth. They are only showing you their results on a good day.
You want to start making money consistently from the market and able to keep the money? Start with a trading plan. Guessing what is the colour of the next candle doesnt get you anywhere.
Think about what I have said here. Look around this group and see for yourself if you think I am telling the truth.
Then look at your trading account for the past 3 months. Trading accounts dont lie.
Have a good trading week everyone.
Yesterday a member here Venky Venky posted about his trading woes. I want to talk a little about this. He mentioned he was a good trader 8 months ago with high ITM%. But recently his ITM% has dropped to 50%.
Let me stop everyone here. There are a lot of good traders here. So good that they make million of $ in demo account. There is also another group of good traders here making a lot of ITM everyday. There was just one trader who made like 12/12 ITM yesterday too. But the total profits he made cannot even buy a cup of Starbucks Frappuccino. You see the point?
To survive and live off the market, good traders are not enough. Only the profitable traders can do that. There is a big difference between good and profitable traders. There are so many good traders here but less than 1% can make money consistently for at least 3 months. All these good traders are only concern about getting the colour of the next candle right.
If you are this type of traders, i am sure your real trading account already tell you the truth.
Lastly, what is the problem with Venky Venky? Trading accuracy? No, his problem is he is not aware of the market cyclical behaviour. In another words, he dont give a F* about the market but simply follow the candle. Also he does not have a trading plan.
Let me show you guys my trading for this week. As you can see I am only averaging slightly above 65% ITM. And I use Martingale. But the difference with me is that I know EXACTLY how to use Martingale, EFFECTIVELY.
I am not a good trader because I have only about 65-70% ITM. But from the screenshot I already made $700 within 24 hours. I already made more than those very very very good traders with $1 bets. And I dont need to be a good trader.
My suggestion to those struggling is this. Dont read the good stuff from good traders. They are not telling the whole truth. They are only showing you their results on a good day.
You want to start making money consistently from the market and able to keep the money? Start with a trading plan. Guessing what is the colour of the next candle doesnt get you anywhere.
Think about what I have said here. Look around this group and see for yourself if you think I am telling the truth.
Then look at your trading account for the past 3 months. Trading accounts dont lie.
Have a good trading week everyone.
P.S Bro, Giuseppe Malfitano, this is not a selfie. But a wake up call to all those newbies and struggling traders.
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