TradeSetup

There’s a story about a trader named Bill Lipschutz that I think every trader should know. While studying at Cornell University, Bill inherited approximately $12,000 worth of stocks from his grandmother. He became interested in trading and decided to put that money to work. Over the next four years, he grew that $12,000 into approximately $250,000. That’s over 20 TIMES his starting capital. But something happened. Bill became extremely bearish on the stock market and started taking heavily leveraged positions. He was convinced the market would continue falling. Unfortunately, the market moved against him. And within just a few days, he lost virtually the entire account. FOUR YEARS of growth wiped out in DAYS. Now, here’s the interesting part. That wasn’t the end of Bill Lipschutz. He went on to become one of the most successful currency traders at Salomon Brothers, generating enormous trading profits for the firm. But there’s something important I want you to take away from his experience. You can spend years developing a profitable trading system. You can understand market structure. You can have an incredible win rate. But none of that makes you immune to poor risk management. One badly managed position can undo years of progress. And sometimes, the difference between a trader who survives and one who doesn’t is simply knowing how much to risk. Always have a fixed risk. Never risk beyond your appetite. Never assume something can’t happen in the markets. Anything is possible in these markets, including the things you believe are impossible. Protect your capital at all times. You need it to trade tomorrow.💜

NO BAD DAYS IN NOVEMBER📈 AFFIRM IT.

TAKE YOUR TRADING SERIOUSLY‼️ Buckle up and make sure you end this year with something significant to show for it. Aren’t you tired of only watching other traders win? Many traders are becoming profitable every single day. Information has never been this free or accessible. I just realized some traders have not even made their first $1,000 from trading yet. That alone should call for more seriousness. Have you made your first $1,000 this year? If No, there’s still time. You don’t have to become a millionaire before December ends, but please don’t finish another year exactly where you started. At some point, you have to stop watching other people win and give yourself something to be proud of too. LOCK IN.