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The Folk
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The Folk
@imthefolk
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Sydney, New South Wales Katılım Ağustos 2021
54 Takip Edilen723 Takipçiler
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When I stopped chasing price and started studying time… everything changed.
I used to think direction was all that mattered.
But I kept getting stopped out by being early. Or late. Or wrong.
Then it hit me..
It’s not just about where price is going. It’s when.
This enabled me to filter out the false breakouts and to understand when price would reverse vs when it would continue. And that was a game changer.
Most traders never learn this.
But once you do..
You’ll never look at a candlestick the same way again.
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I made almost 6 figures from a $1300 LIVE account in 3 weeks trading the same system EVERY SESSION.
I had no hesitation to size up/down, no forfeiting gains because I made too much, didn’t have to close positions daily by 4pm est, meet a daily consistency, sign a contract stating I’m not entitled to real money, get barred from trading instruments because of a glitch or be banned for doing so, having fear to speak publicly about my experience or be banned from trading with new accounts, no fear that my withdrawal would be rejected, no payout cap on my account, no worries about having to explain a different IP address than my home IP and didn’t have a withdrawal window that I had to meet a bunch of rules for in order to be paid for my work, wasn’t required to leave my profit/cushion in the account… most of all, I didn’t have to split my work with anyone because I paid them to trade demo/sim.
Did I miss anything?
If you actually have the skill, TRADE A LIVE ACCOUNT WITH LEVERAGE.
I became profitable on a live account and I’ve never been a prop trader.
This industry is filled with addicts who are high on hopium that they’ll make the same amount of money as their favorite propstitutes who have lied in the past about whether their payouts were affiliate income or trading profits.
They want to be like people who LOSE accounts every week and month… you will NEVER be able to do this long-term trading like that.
The influencer motto is that “thousands of dollars lost can lead to making it all back in one payout” while they meet their bills everyday on you burning through accounts, never actually learning how to trade with a payout criteria that will cripple your longevity in trading and trying to learn how to play a “video game” from them for a fee.
Imagine thinking ONE PAYOUT can change anything in your life when the change actually needs to happen in your MIND.
Please start with learning how to properly trade from some of the good material that’s out there on YouTube then move to a live account and trade small, so it can help your longevity in trading not only through proper risk management but compounded experience managing your equity AND self.
Many of you could’ve funded a personal account and made more money than you have lost on that video game experience IF you chose to learn a system before gambling in this environment.
I don’t care what firm is good and bad, if you want to become a professional trader and allow your skill to make room for you, it will not be with Prop Firms or trying to copy others that have learned the system before the next rule changed was created.
Get a personal account, start small and gain a large amount of experience so your profits can follow.
The money is in the information, not in the product.
I can SIM farm and make a ton of money if I wanted to but I’d rather be in control of my own work rather than needing someone’s approval.
I can also make the same amount on my own personal accounts.
That’s called FREEDOM.
You can do it, you just have to do the opposite of what most are doing.
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@Ifmyante @draganov92 Hi IF,
I hope you're doing well.
I do agree with you above,as I understood the money changers.
I couldn't find any evidence on what they're doing at the moment besides these viruses, making people lose in these markets, depopulation(personal opin.).
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@draganov92 They don't operate to make a profit. They operate to make the masses lose.
A population unstressed and with spare time, would be disastrous for the empire
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One the major challenges in the brokerage industry is sourcing a solid pool of sales talent.
The industry is infamous for having a high churn rate, generally, sales traders go from broker to broker, being bullied by one manager to the other, until they either leave the industry or start their own thing, or just straight cruise until they’re let go. The London circle 10-15 years ago was quite known for this.
I’ve tried different approaches over the years and I’ve found nurturing hungry talent has paid off massively. We are blessed with data which makes a great starting point, so I can see things like location, if they’ve traded, age, their net worth…
Here’s what I look for:
1. Young individuals who have minimal work experience, but hungry to trade/learn about the markets.
2. Individuals from socially deprived areas in inner major cities. G20 countries with a decent education standard, so they can hold an eloquent enough conversation, aware of global economics.
3. One that doesn’t really care about going through a university process, instead focused on the hustle and understands the value behind building from an early age, also valuing loyalty.
4. An individual that listens more than they talk. Listening is so key to doing good business.
5. An individual that is absolutely money motivated and obsessed with building wealth, with a view to changing their lives.
Give me a team of individuals with these qualities and watch magic happen. We’ve made several millionaires who have these qualities over the years and it’s my personal proven recipe for successful recruitment, staying away from potentially toxic individuals who have already been burned out by other shops.
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@JohnMappin Bitcoin price, like every other commodity, is carefully planned.
There's nothing natural about the price of anything
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@YusufTrader1 This is a bs by Yusuf. You don't have a goddamn proof of that.
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@DavidZioDeez @RajaBanks It doesn't matter how much money been created in the market,
These ITs can short any assets to an absolute zero and in any afternoon.
They just need to be told by their evil bosses.
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Explaining 2017 elections like a 5 year old in terms of GOLD.
Gold rallied as market saw Trump winning as a risk to the economy.
Once policies were set in stone, Gold started dropping in price as US stocks rallied since his policies were Pro Economy.
Same is expected this time aswell on 5th November.
I will be ready to cash in.
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@anish8fx @YusufTrader1 I'm looking 1.35300 GU in a couple of weeks time followed by even higher prices.
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