Emmanuel Osahon shares his journey as a full-time trader and the challenges he faced along the way. He discusses the initial allure of trading for money and the realization that money alone does not bring happiness or fulfillment. He emphasizes the importance of consistency and developing a craft in trading.
Emmanuel shares his journey from trading $1,000 to $10,000 and the importance of risk management. He explains how he used a fixed ratio risk management strategy to scale his account and the psychological challenges that came with it.
He shares his trading process, including his approach to winning and losing trades, and emphasizes the importance of mastering the craft of trading and developing mental fortitude.
Podcast Interview
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Interview Link
Instagram – @emmanuel_livefree
YouTube – @livefreefx
Website – LiveFreeFX.com
Emmanuel’s Trading Strategy
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Key Lessons
[07:57] In life, if you are hungry enough for something you really want, something you are determined, you are willing to push through, there is always a light at the end of the tunnel.
[10:52] If you want consistency in the market, you have to approach the market with a high degree of consistency.
[13:56] As a trader, your goal is to build the reticular activating system of your brain to recognize patterns.
[34:35] Trading is very lonely and very monetary.
[37:42] Trading is like a mirror. It is a reflection of you, and it has a way of bringing out the things that you’re experiencing.
[46:35] In order for you to be a great trader, you have to be a good loser.
[48:27] If you come into the market, you have to understand that you are going to lose and you’re going to have problems that you’re experiencing.
[49:24] If you can solve the problems that you are experiencing, it will allow you to go to the next level.
[51:45] Don’t focus on the money. Don’t focus on the lifestyle. Focus on mastering the craft in order for you to go to the next level.
[52:34] You have to first give the market consistency. Consistency in your learning, consistency in showing up at the same time every single day.
[53:28] You need a strong level of mental fortitude in order to be a trader.
