Now imagine if we tried to teach someone to fly an airplane the same way that we learned how to trade cryptocurrencies!
You would go out to the airport, you would get into the cockpit of the plane, the instructor gets in beside you and he says,
‘look, here are the controls and here’s how they work… now I’m going to get out of the plane, and you give it a try today – ‘Don’t worry if you crash… it’s only your first day… what do you expect?’
Ridiculous isn’t it? And yet most of us learn how to trade that way!
When flying becomes a procedure, it ceases to be a problem. In the same way, when trading becomes a procedure it ceases to be a problem. Let me illustrate it this way.
Please Pick One:
Take a look at the box below and what I’d like you to do is pick one from that box please. You can pick any one you want.
…and you say pick one what?
It’s pretty hard to pick one when there is not anything in the box, isn’t that right?
It’s exactly the same thing when you or I go into a trading situation, the market comes up with an unexpected move, and we don’t know how to handle it… We don’t have anything to pick from in our minds. We draw a blank in our minds – like that box – and we say pick one what?
And that’s when the failure comes in, that’s where the fear comes in when you are trading.
Ok – imagine that box had a few wooden blocks with numbers on them (your trading plan had strategies planned in advance)
It would be simple to pick one, don’t you agree?
Program Our Minds
The same way when we program our minds with all the risk control skills we need for success in trading. All we need to do to have success is to pick the appropriate skill for the given trading situation.
Championship Match Training
It’s like a wrestler, an Olympic wrestler may have a thousand different moves, each perfectly memorized. That’s where his confidence, that’s where his ability, that’s where his speed, that’s where his timing come from.
When his opponent tries one tactic to capture our wrestler in an arm restraint, he is not going to protect his legs, is he? He’ll take counter actions to prevent the opponent from succeeding to capture his arm in the hold. If the opponent attempts a leg lock, then our wrestler will counter the hold on his legs. What that means is the wrestler never goes into a match with a canned strategy. That does not mean that his fight strategy isn’t planned.
It’s the same thing in trading, we never do a canned trading strategy. Every market is different, every situation can change without warning. It doesn’t mean we can’t plan our trading strategies – and like that wrestler, we can learn all the skills we need and practice them over and over – before we go into the competition match.
When we are prepared in advance for trading the live markets, then we can simply access the appropriate skill for the given market situation before us.
Preparing For Surgery
Can you imagine a surgeon in the middle of a delicate operation, and then he wonders ‘what do I do next?’ Of course not, he knows exactly what to do every step of the way. Every single movement he makes is carefully planned and practiced. Not one single thing can be left up to chance.
Successful cryptocurrency trading demands that same planning, practice and precision. After this course, you will never again go into a trade and leave the outcome to chance.
This course will teach you options you can select from – every entry, every stop loss, and every profit target, every step of the way through all the stages of a trade!