Notes About Improving Your Trading Results

Notes About Improving Your Trading Results

Today we are going to provide you with the most important notes to help improve your trading results. Let’s get right to it and help you win some trades.

Even Pros Struggled in the Beginning

One of the things that you need to keep in mind as a beginner trader is the fact that you are going to suffer losses, especially in the beginning. The process of improving your trading results is a long and hard journey. Now, we are not saying that you might lose a trade every now and again.

Actually, what we are saying is that in the beginning, you’re very likely to suffer heavy and consistent losses. The simple reality is that as a beginner trader, you are going to make lots of mistakes that will lead to big losses. In case this hasn’t happened to you yet, don’t lose faith, because you will end up losing a whole lot of trades in the beginning.

That said if so many people suffered heavy and consistent losses in the beginning, then how do they become profitable traders? How do you go from losing so many traits to being a great trader without giving up in the meantime?

Well, one of the things that many people do to improve their trading results is to start by demo trading. You can use demo trading accounts to trade in real live market conditions without actually risking real money. This will allow you to practice your trading skills until you feel confident enough to start using real money.

However, just be weary of demo accounts because they don’t come with any risk. Many newbie traders looking to improve their trading results will trade irrationally and take on way too much risk in demo accounts. This doesn’t properly prepare them for real live trading with real money. Get away from those demo accounts once you feel confident enough to start trading with real money.

The trick here is that even if you just have $1000, you want to treat it as though it was a much larger sum, as if though it were $100,000. You will improve your trading results via practice, and as you go, you can add more money to your account.

The fact of the matter here is that risk management is very important, so you don’t want to invest too much money for trade. If you treat your trading account like a business, then it’s going to reduce your risk of suffering from heavy losses. Just don’t lose faith if you suffer from consistent losses because you will be able to improve your training results and things will get better.

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Know Everything About a Trade Before You Place it

In terms of improving your trading results, there are three things that you should always know before you enter a trade. You want to know how to exit a trade when you were wrong about it. You also need to know how to exit a trade when you were right. Moreover, you need to know what your trading criteria are, and when to enter a trade when those criteria are met.

If you have answers to all three of those questions, then improving your failing results should not be a problem period however, if you don’t know the answers to all three of those questions, then you’re going to be in some pretty big trouble. These are not questions that you want to be in the process of answering as you are in the middle of trades.

The simple reality is that beginner traders often know when to enter a trade, but not when to exit it. For this reason, many traders become investors, because they don’t have to exit trades. The bottom line here is that you need to know what your criteria to enter trades are, and you need to know how to exit them, both when you are wrong and when you are right.

In order to get good at entering and exiting trades, so you can improve your trading results, we definitely recommend doing some comprehensive research on proven trading strategies. Moreover, to improve your trading results, having an actual education for trading is ideal. With a good trading education, you can learn about the best trading strategies out there, and this will help improve your trading results.

Manage Your Trades & Your Trading Account

In order to improve your trading results, yes, managing your trades is important, but that’s not the only thing you need to manage. You also need to manage your trading account. Money management and managing a trading account is one of the most important aspects that will lead you to improving your trading results.

Moreover exactly how you manage your account and your money really depends on your exact circumstances. Things often change, and you therefore need to be able to adapt and improvise. Of course, managing your risk levels when you only have $100 to spare is much different than when you have $10,000 to spare. What you need to know here to improve your trading results is that there are three main ways to help manage your trading account and your risk levels.

As a rule of thumb, you never want to risk more than 1% of your trading capital on a single trade. Remember that you do need to adapt. If you are doing really well, but you can risk as much as 3% of your trading capital onto single trade. However if you are not doing well, then only risk is 0.5% of your capital on a trade.

You also want to pay attention to how many trades you have open at once. Improving your trading results is not easily done when you have too much to keep track of. If you are doing day trading, which means that you have to pay close attention to your trades, having more than three or five trades open at once is not going to be easy. However, if your trades are very long term and will be open for weeks or even months, then you can have 15 or 20 open at the same time.

The other thing to keep in mind here is that when you have a drawdown of over 40%, that you do want to take a step back and assess the situation. If you lose more than 40% of your overall trading capital due to heavy and consistent losses, you need to stop trading totally, take a step back and reevaluate your trading strategies.

Improving Your Trading Results – Final Thoughts

The final thing to take note of here in terms of improving your trading results is the fact that if you have lasted for a full year, then you are successful period now, this is true whether you have been winning consistently or suffering from losses.

The fact of the matter is that if you have not lost all of your trading capital yet, and you are still going strong, and even if you have been suffering losses, you can still be considered successful.

The reality here is that most traders fail in the first few months and give up delete. Within post therefore, if you had not totally given up and you still have money left after a year of trading, it is a sign that you are doing something right. If you have not given up after a year of trading, then you are on your way to success.

The other thought that we want to leave you with today is the fact that having a vivid trading education is essential. Simply put, improving your trading results is much easier when you actually know all about trading strategies, indicators, and much more.

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For more trading tips, strategies, methods, and everything in between, check out Andrew’s Trading Channel. Here you will find the world’s best stock market trading school, a trusted day trading school, state of the art indicators and trading tools, Forex and crypto signals groups, and more!

My Journey to Being a Winning Trader

December 13, 2021December 13, 2021 Fabian FabianLatest News / Latest News / NewsLeave a comment

My Journey to Being a Winning Trader

Hey all, my name’s Scott Daniels, and I am now a fulltime professional trader, a winning trader who makes enough money in about 30 hours of trading per week to support myself, my family of four, and a few dogs too.

However, I wasn’t always a winning trader, and in fact, I’ve only been seeing such a great degree of success for the past few months. The fact of the matter is that once I had some solid training and trading education under my belt, I was well on my way to a happy and well balance life. When it comes down to it, I’ve got the Income Mentor Box Day Trading Academy to thank for this.

However, before I start talking about what Income Mentor Box was able to do for me, let me start at the beginning. This is the story of how I went from being an unhappy chef, working long hours for little pay, to being a winning trader that can easily support a whole family and who has plenty of free time to spend with that family.

Hey All, I’m Scott Daniels

Life Before Being a Winning Trader

If there is one thing that is for certain, it’s that I was not at all happy with where I was at in life before becoming a winning trader. It’s pretty funny to say that, seeing as I was actually an executive chef at a five star restaurant. By all means, when compared to most other working folk out there, I had it alright.

I was earning a decent paycheck no doubt, but that said, I was working over 80 hours per week, sometimes over 90 hours per week, slaving away in a boiling hot kitchen, and cooking food for ungrateful people. It certainly was not ideal, especially seeing as I never got to see my family or spend time with my family.

For all of these reasons, I decided that I wanted something bigger and better. I had seen many people on YouTube and online, so called professional traders who were making thousands of dollars with ease, doing nothing but sitting in front of their computer and trading currencies. This definitely sounded like a fantastic way of life to me.

So, I figured, what the heck, and I started trading. Well, I invested $3,000 initially, and who would have guessed, I lost it all, every last penny.

As it seems, starting trading isn’t something you just do with no prior experience or training. Apparently, trying to trade without knowing how to do so is nothing more than a recipe for failure. For this reason, I decided to take an online trading course, which mind you, wasn’t particularly cheap.

My First Attempt at Learning to Trade

So, I decided to take some random online trading course that promised that I would become a winning trader in just a couple of weeks. This course cost me upwards of $1,000, and as I quickly figured out, it was not a good course. It consisted of just 20 lessons, and they honestly were not very detailed or helpful.

The teacher sounded like a monotonous robot reading a script. He didn’t give a darn if we actually learned anything. This trading course wasn’t about helping us, the students, make money, but rather about sucking us dry of our money. It was really just a scam designed to take my money. The lessons were more or less incomplete, the teacher was terrible, and there was no way to communicate with him or to ask questions.

As I quickly figured out, both from this and from asking around, many online trading courses are like this. I even tried using the “skills” (skills being a word I use very loosely here), to place some trades. Yeah, so, I won 2 out of 30 trades I placed. As you could Imagine, I was not happy. I used every tool and skill this course provided me with, which is obviously not much at all, and it just made me lose more money.

Well, at this point I was totally disillusioned with the whole trading thing, and just wanted to call it quits. However, I still wanted to make a better living, and I still wanted to spend more time with my family, so I searched around one last time to see if I could find a decent trading course that could indeed turn me into a winning trader, and this is when I came across Income Mentor Box.

Becoming a Winning Trader with Income Mentor Box

When I first saw Income Mentor Box, I figured that it was just another money grab like the other courses I had seen. However, from the hundreds of positive reviews and testimonials I read, it definitely seemed like the real deal. So, I figured what the heck, let’s give it one last shot, and boy am I ever happy that I did.

Folks, it’s no joke when I say that this trading course, Income Mentor Box, is legit, the real deal no doubt. I was pleasantly surprised by the fact that the curriculum consisted of well over 50 full length, comprehensive, and easy to follow training tutorials. These lessons were very well organized and structured.

They actually started off with the simple basics, and then slowly moved along to the more complex stuff. Not only were the lessons designed in such an order to allow me to build upon each one in a consecutive manner, but the lessons themselves were also very easy to follow along with. Andrew has this way of explaining everything with his words, and then using live trading examples, to make all of these super difficult trading concepts easy to understand.

Now, I was never one to say that learning can be fun, but in this case, I got as close to having fun learning as I ever have. The most fun part of all was being able to put these skills to use. What I also have to say about Andrew is that he is very approachable, by which I mean that I was always able to contact him to ask questions when I didn’t understand something, and he always gave me detailed and helpful responses.

Now, while $299 seemed like a lot of money to spend at the time, it was still a fraction of the cost as other trading classes, and it provided me with way more value. For under $300, I was provided with all of the tools and skills I needed to become a winning trader, and it was all taught to me by a friendly, approachable, and ready to help teacher.

My Life Today

Now it’s been just about a full year since I completed the IMB trading course, which mind you, took me a couple of months, and I am now indeed a winning trader. Keep in mind that when you join Income Mentor Box, you can take as long as you like to work your way through the course. I did have some trouble points, and some of the lessons were more difficult than others. I actually watched some of the lessons up to three or four times.

The fact that IMB provides full and unlimited access to all course content for the rest of your life is a big deal no doubt. Sure, I was told that some people take a couple of weeks, but I took a couple of months, and that’s just fine.

Anyway, now that I’m done the course, I’m winning anywhere from 70% to 90% of the trades that I place, which is of course great. Thanks to Income Mentor Box, I was able to quit my job as a chef. I can now spend as much time with my family as I want, while also making a lot more money than before.

I make more money now trading 30 hours per week than I did cooking 90 hours per week, way, way more money. I don’t regret joining Income Mentor Box for a single second, as it provided me with the tools and skills I need to be a winning trader, to be happy and successful, and to spend more time with my loving family.

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Best Trading Practices for Beginners

October 12, 2021October 15, 2021 AndyLatest News / Latest News / NewsLeave a comment

Best Trading Practices for Beginners

Of course there is simply no doubt about the fact that trading the market can be extremely profitable, and this is true whether you are trading crypto currencies, forex, the stock market or anything in between. However, with that being said, if you are a beginner who is just getting into the world of trading, then you are probably going to be making a whole lot of mistakes. Moreover, there are also some very good trading practices for beginners that you need to be aware of.

Many people just start training without any kind of training or education, and this is of course a problem because you really don’t know what mistakes that you need to avoid and what things that you need to do in order to be a profitable trader. What we’re here to do today is to take a look at the very best trading practices for beginners that will keep you safe and allow you to make consistent profits without too much risk. Let’s get to it and teach you how to be a consistent and profitable trader by talking about some of the best trading practices out there.

Best Newbie Trading Practices

Right now we want to talk about five of the very best trading practices that you, as a newbie, need to be aware of in order to be successful.

Don’t Tell Everybody

OK, so this might seem like a very odd trading practice, but the fact of the matter is that as a beginner trader, you really shouldn’t be disclosing the fact that you have started trading, especially not to friends and family. This might seem a little odd, but the reason for it is because when you start trading, the first thing that everybody is going to ask you is whether or not you are making money.

Sure, if you are a super profitable trader, then disclosing that you are becoming rich by trading is not a big deal. But with that being said, as a beginner you are likely losing money and in telling people as much is just not going to make you feel good. There’s just no point in telling people that you are starting off in trading because people end up being quite skeptical and they might destroy your motivation.

Don’t Trading Personally

When it comes to the best trading practices out there, one of the things that you absolutely need to stop doing is taking it personally. It’s really easy to blame the market for targeting you or to blame your broker for hunting your stop loss. But with that being said, when it comes down to it, there is nobody at fault here but you.

The simple reality is that the market is absolutely massive and there are billions of dollars floating around with thousands of players. There is absolutely no incentive for the market to hurt you or for your broker to care about you.

The simple reality here is that the financial markets are rigged and it’s always a lot easier to lose money than it is to make it. This is nothing personally whatsoever, and if you start getting emotional about trading, then chances are that you are going to end up suffering huge losses due to making emotional decisions as opposed to using rational and logical thought.

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Don’t Hit the Ground Running

OK, so many things in life will be beneficial if you hit the ground running, but with that being said, trading is not something that you should start off big. When it comes to trading, you absolutely need to start small and this means investing only minimal amounts of money into minimal amounts of trades.

If you start off trading with $50,000 then chances are that you are going to lose it, especially if you are a beginner. Just start with a small trading account because you don’t want to risk too much money on a single trade and you also don’t want to have to pay huge fees for large trading accounts.

Get an Education

As far as the best trading practices for beginners go, one of the most important things that you need to do is to get a trading education. Without the proper kind of trading education in training, you simply aren’t going to be profitable. The fact of the matter here is that trading, whether it is forex, crypto, currencies, or anything in between involves many different facets.

You need to know all about how to analyze the market, how to use indicators, how to read charts, and so much more. There are also many different kinds of trading, such as day trading, swing trading and more.

There are also many different markets that you can trade in, such as the cryptocurrency market, the Forex market, the commodities market, the stock market and more. The main point here is that you should join some kind of trading school or Academy in order to learn everything that there is to know before you start trading. The more you know, the better prepared you will be and the less risk you will have to deal with.

Risk Management is Key

Perhaps one of the best trading practices that you need to master as a beginner is risk management. First of all, this means knowing when to cut your losses and went to exit a trade when you are wrong. Moreover, this also means knowing how to use stop loss levels and how to set your stop loss levels at appropriate levels in relation to your trades.

Moreover, as a beginner, it is strongly recommended that you do not risk more than 1% or 2% of your total trading capital in a single trade. If you risk a whole lot of money in a single trade and the trade goes South, then you lose it all. Also remember that stop loss and position size are closely related as well.

Best Trading Practices for Beginners – Final Thoughts

The bottom line here is that if you follow the five best trading practices that we just talked about today, then your chances of becoming a profitable and successful trader who has the ability to make money on a consistent basis greatly increase.

If you need help day trading, and what you need is a comprehensive education, particularly on Forex trading, then the best place to be is the Income Mentor Box Day Trading Academy. At this time, the IMB Academy is the most comprehensive, user friendly, effective, and affordable Forex trading school out there.

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Traits You Need For Trading Success

March 1, 2019March 5, 2019 Fabian FabianLatest News / Latest News / NewsLeave a comment

Traits You Need For Trading Success

OFFICIAL WEBSITE: IncomeMentorBox.com

Here at the Income Mentor Box Day Trading Academy, we know how important it is for you to win trades and to make money. However, trading success is not as easy to achieve as some might think. Beginners seem to be under the impression that they can just pick up an autotrader, place some trades, and go buy a Lamborghini with the winnings. However, of course, there is a lot more to achieving trading success than just placing a few trades.

Our mission here at the Income Mentor Box Day Trading Academy is to help you quit your 9 to 5 job. It’s all about teaching you how to achieve trading success so you can become a profitable and full time day trader from home. Yes, we have tons of videos, lessons, tutorials, free signals to copy, and so much more. However, another big part of the learning curve has to do with developing traits you need for trading success. You have to have the right mindset, the right traits, and the right personal characteristics to be a winning trader. Let’s get right to it and talk about the most important traits you need to achieve trading success.

Income Mentor Box - Trading Success

A Reasonable Thought Process – NOT EMOTIONALLY DRIVEN

One of the biggest traits you need as a trader is the ability to think rationally, reasonably, and to leave your emotions at the door once you start trading. Being overly emotional, or emotional at all, is a big trading mistake which many beginners seem to make. You might get angry due to losing a trade. However, trading in anger is not going to get you far and will probably just lead to failure.

You need to learn to check your ego and keep your emotions on the back burner here. Day trading is all about being reasonable, rational, and looking at the cold hard facts. There is just no point in letting your emotions get the best of you. Achieving trading success is about using your mind, your clear headed and emotion free mind to make the right trades!

Patience, Speed, & Timing

Another really important trait that you need to develop in order to achieve trading success is patience, and on that same note, speed and proper timing. Way too many newbie traders out there will trade at any given time, probably just because they have a few minutes to spare. There are way too many people out there who are impatient and place trades ASAP due to a lack of patience. This will bring you nothing but losses. You need to be able to read the market and wait for the opportune moment to strike and place a trading position.

On that same note, you do also need to be very timely and quick in order to achieve big time trading success. Yes, you do need to be patient and wait for the right trades, but once the opportunities present themselves, you have to act immediately. The market is not patient, it is not forgiving, and it is certainly not going to wait for you to make up your mind. When the opportunity presents itself, you need to act fast, you need to be timely, and you need to take advantage of any opportunity that presents itself.

Being Cautious Of Risk – BUT NOT FEARFUL OF IT!

In order to achieve trading success, you also need to know all about risk. A big mistake which newbies make is being overly cautious and fearful, both of loss of capital and risk. However, if you want to win trades, you have to take some risks on occasion. The fact of the matter is that trading stocks, Forex, or whatever else is always going to involve a certain degree of risk. Holding back all of the time and only placing trades that are sure to win, which is a misconception anyway, won’t get you very far.

On that same note, or on the opposite side of the coin, you also cannot be way too risky of a trader. Achieving trading success is about striking a balance between some healthy caution and being able to handle a bit of risk. Sure, big time risk can lead to big time wins, but it more often than not just leads to big time losses. You need to be cautious, but not overly so. Risk is just something you will have to get used to in day trading, but you don’t want to be its best friend either.

Achieving Trading Success – Some Other Useful Traits

In order to achieve trading success, you need the persistent and mentally tough. You will never achieve long term success if you throw in the towel at the first sign of trouble.

You also need to be highly adaptable in order to achieve consistent trading success. The market is always in a state of flux and things can change at a moment’s notice. You need to be able to adapt with the changing conditions of the market.

You do also want to be an independent trader. Yes, here are the Income Mentor Box Day Trading Academy, we can indeed teach your to be a self-reliant and independent trader.

The Traits To Achieve Trading Success – Final Thoughts

As you can see, to achieve big time trading success, whether stocks, Forex, or otherwise, you need to have these traits in your arsenal. Some people might have some of them and some might have none. However, you certainly won’t develop these traits by sitting on your couch and binge watching whatever it is you like to watch.

The point here is that a trading school such as our Income Mentor Box Day Trading Academy can provide you with all of the tools, skills, knowledge, and traits you need to achieve trading success. We charge only $299, which is a onetime payment with no hidden fees, and you will gain full and unlimited lifetime access to all of our course materials. We even have a free signals provision service so you can copy winning Forex trades right into your trading platform! There’s also the fact that we are doing monthly giveaways with 3 lucky winners per month.

STOP LOSING TRADES TODAY!

February 26, 2019February 26, 2019 Fabian FabianLatest News / Latest News / NewsLeave a comment

STOP LOSING TRADES TODAY!

OFFICIAL WEBSITE: IncomeMentorBox.com

Are you just sick and tired of losing trades? Yes, that is the reality of trading, something that we here at the Income Mentor Box Day Trading Academy know all too well. When you suffer multiple trading losses in a row, especially across a few days, it can be very disheartening and may want to make you quite trading altogether. However, we are here to help you to stop losing trades.

As you might know, our mission here at the Income Mentor Box Day Trading Academy is to help you stop losing trades. However, it is so much more than that. We want to help you quit your 9 to 5 job so you can become a full time trader from home. The aim here is to turn you from a newbie into a profitable and self-sustaining trader. As long as you can stop losing trades, you can start making thousands of dollars from home on a daily basis.

Today we are here specifically to inform you of how we here at the Income Mentor Box Day Trading Academy can help you to stop losing trades. There are several points we want to cover here, including our great lessons, pro mentorship, free signals to copy, and so much more. Let’s get right to it and talk about how we can help you stop losing trades right here and right now.

Stop Losing Trades With The Right Mentor

The fact of the matter is that day trading, whether Forex or otherwise, is not something you can just pick up one day and start doing just like that. It takes a lot of skill and knowledge to do this kind of thing successful, especially over a long term basis. The problem which many people suffer from is not having the right mentors or teachers to show them the way. There is no arguing with the fact that somebody who is now successful, and somebody who has already gone through the learning curve, is what you need in order to stop losing trades.

People go to school for absolutely everything from being a police officer or hairstylist to mechanical engineering. So, why not go to school for day trading. Here at the Income Mentor Box Day Trading Academy, your leader and mentor is Andrew. Andrew is a long time professional day trader that has already made all of the mistakes there are to make, and he has learned from them. He’s already made the biggest mistakes so you don’t have to. The fact of the matter is that Andrew is in a great position to help you stop losing trades.

Stop Losing Trades & Get Over Your Fears

One of the biggest issues which many newbie traders face is fear. Yes, fear of risk and losing trades is totally debilitating. Being too scared, fearful, or cautious can lead to big time trading losses. If you are way too hesitant, you might not invest enough per trade, or just not make the right trades altogether. If you want to stop losing trades, you need to get over your fears and start making sound decisions. Yes, a lot of this has to do with practice, and with knowledge as well.

Well, Andrew from our Income mentor Box Day Trading Academy can give you the skills, knowledge, and practice that you need in to stop losing trades. With all of the lesson we provide here, and the real practice we give you, we can provide with the much needed confidence to put an end to those trading losses, at least most of them! Remember folks, we cannot ensure that you never lose trades again, but we can surely do our best!

Stop Losing Trades & Manage Your Cash

Something else that you will learn through our Income Mentor Box Day Trading Academy is money management. Many people just don’t manage their money right when it comes to day trading, and it shows. Now, proper money management will not really stop losing trades, but it will give you a safety net to fall back on.

You see, many day traders out there will take their winnings and blow them on something idiotic like a car. However, what then happens when you suffer from a string of losses? You have no reserve cash to fall back on, that’s what happens. Folks, being able to manage money and save a good portion of your trading winnings is something you will become intimately familiar with here.

Stop Losing Trades By Copying Ours!

Ok, so yes, we provide tons of lessons, tutorials, and mentorship to help you stop losing trades. However, it gets even better than that. Did you know that members of our Income Mentor Box Day Trading Academy get access to our Facebook signals provision page? That is right, if you are member, you will get access to our 100% free signals provision service.

Here we post roughly 12 trading signals per day, Forex and others, which you just have to copy into your trading platform of choice. We only provide the best signals around, and you can expect great ITM rates simply by copying our trades! It’s definitely a great way to stop losing trades!

Stop Losing Trades Today!

The bottom line is that if you want to stop losing trades, at least a whole lot of them, joining our Income Mentor Box Day Trading Academy is the best way to go about it. Here we provide you with the right mentorship and leadership. Andrew is a top notch day trader, and if there is anybody out there who can help you stop losing trades, it is him.

Here we can provide you with over 50 in depth lessons and tutorials on day trading, and so much more. Heck, we even provide free Forex signals for you to trade with on a daily basis, ones that you can copy and paste into your trading platform of choice! Folks, for the low onetime payment of $299, you can stop losing trades and start making money!