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Hey hey, what's up my friend! I've been educating traders for over a decade now. And the reason why most fail is because of the common mistakes I'm about to share with you. I know because I made all of them. The most frustrating part? Nobody told me what I did wrong. They just kept saying "work on your psychology" and "be more disciplined." That's like telling someone who can't swim to "just breathe better." So here are the 3 mistakes that kept me (and probably you) from being profitable... Mistake #1: No proven strategy Most traders are using strategies they found on a random YouTube video. You’ve never backtested it. You’ve no idea if it works over 100 or 1,000 trades. You’re gambling, but with fancier charts. It's like following a recipe from a stranger on the internet who says... "Trust me, bro, put ketchup on your ice cream. It's amazing!" You try it. It's disgusting. And you wonder why dinner is ruined. So here’s the deal… If you don't have a proven strategy, you can't trust your system. And if you can't trust your system, everything else falls apart. Mistake #2: Strategy hopping This one hits close to home because I was the king of strategy hopping. My first trading strategy was using Bollinger Bands, and I had a few winning trades in a row. I thought to myself... "I'm going to retire by 30, buy a villa, and have a swimming pool." Now, I'm almost 40. No villa. No pool. And I have 3 monkeys running around my house. Then… I encountered 5 losses in a row, and panic set in. I thought the strategy no longer works, so I tried to find something better. I tried things like volume spread analysis, chart patterns, harmonic patterns, etc. But the only pattern I see is my trading account going down. Here's why this is so deadly... Every time you switch strategies, you reset. You never give any single system enough trades for the edge to play out. It's like planting a seed, digging it up after 3 days to check if it's growing, then planting a different seed. Nothing will ever grow. Mistake #3: Emotions After 5 losses in a row, something snaps. You have thoughts like…
So you double down to make back what you've lost—and you lose even more. Now here's what most traders don't realise... All 3 of these mistakes? They're symptoms. Not the cause. It's like when you forget your anniversary and your wife says... "Don't touch me." "Go away." "We need to talk." Those are the symptoms. Forgetting the anniversary is the cause. In trading, the cause behind these symptoms is the same thing... You don't have an edge. Without an edge, you can't trust your system. Without trust, you can't follow the rules. Without following the rules, emotions take over. That's why I wrote the book, Trading Systems That Work. And over the next few days, you can grab a copy at a massive discount. Details coming soon... Cheers, Rayner "the-zoo-keeper" Teo |