I love a great guest recommendation, and after Forexed banged out 7.61R on my TradingView Replay Challenge I asked him if he knew any decent traders.
He said, “You gotta get a good friend of mine from Toronto on the show! He has an amazing account flipping story that I witnessed myself. And is one hell of a Forex and crypto trader”.
And what a story it is! I don’t think I’ve heard of a gain like this in all my interviews. Just goes to show what’s possible.
But is it easy? Listen to find out how he did it and what’s required.
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Trading in the Zone by Mark Douglas
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[16:15] You have floors and ceilings and sometimes those floors and ceilings break, sometimes they don’t.
[18:39] You need a strong mindset to understand what you’re going into before you trade.
[24:16] Even if you do have a good risk management, you need a proper mindset to be able to follow through even when you’re taking losing trades.
[24:28] Without the right mindset, you may not stick to your risk profile.
[27:33] You have to be aware of your risk level.
[30:37] Trends continue ultimately until they don’t.
[39:50] A trading plan has to fit your personality.
[41:25] Focus on what’s actually there on the chart.
[42:10] Every time price is at the support and resistance area it doesn’t mean necessarily to take a trade but an opportunity is about to come.
[43:41] Just because you’re trading and you lose three trades in a row doesn’t mean your system doesn’t’ work.
[44:49] You don’t be afraid of the losses.
[45:07] The mindset is one of the biggest aspects towards trading.
[47:05] If you’re not focusing on your mindset definitely focus on risk management.
[47:11] Commit yourself to taking risk one to gain three.