I plan to share an honest truth about day trading that few trading educators ever reveal to their students. This will be a long email, filled with the “God-honest” truth that may give you a brand new perspective on how to approach the business of day trading.
After reading this article, some of you may want to continue your trading journey. While others may want to quit it altogether.
Trading is definitely not for everyone. But, if you continue reading this email, you will see how it can be very rewarding and worth it, if you’re willing to suffer through the pain of the “journey”, and take the proper steps to ensure longevity with your trading business.
With that said, I hope your trading has been going well and that you’re still “seeing green” in this brand new year and decade. Trading in this current environment has been quite tough, when you consider the recent geo-political disputes, and the global Corona virus alerts that’s dominating the mood of the market. However, let me share with you some good news before I have to disclose the bad news. In the midst of all of this uncertainty, you can still extract great returns from the market if you follow a proven trading plan that gives you a statistical edge (advantage) over the market.
In the tough month of January alone, I averaged above a 70% win rate. This was one of my better months. I believe this great performance was due to the new “trading filters” and restrictions that I added to my trading plan. But, it’s quite possible to end a difficult trading month with strong profits. However, you have to exercise extreme discipline and patience to do so.
Therefore, if you are not “seeing green” at the start of 2020, don’t “beat yourself up” over it. I have some pretty good news that will likely lighten your day and place you on a path towards day trading success in 2020.
Now trust me when I say this……
You should read every word of this article from beginning to end.
I am going to share with you the disheartening truth about trading the currency market in 2020.
But, I also plan to share with you an action plan for moving forward, that will place you on the path to real financial freedom if you follow everything I am about to tell you.
If you read every word, and you decide to follow through on what I mentioned in this article, you will have the help that you need to exit your 9 to 5 job and trade full time before the 2020 year is over.
Now, before we move forward, let me ask you a simple question.
How much money do you need to make every month, in order to take care of your everyday living expenses (bills, rent/mortgage, etc..)?
(ie. It will help if you take the time to calculate the exact amount of money that you will need. In other words, gather all your bills and other expenses. Itemize them and add them up.)
Now, as you read the rest of this article, keep that specific number in the back of your mind. We will revisit that specific amount of money later. We will call it your ‘cost of living’ expense.
So, before we get to the really good stuff, let me start off by sharing some unfortunate, & disheartening information.
Here’s the sad reality.
Over 98% of the people who read this email, will never make enough money to become a full time professional trader.
Why is this the case?
Well, there are a plethora of reasons that I won’t be able to fully cover within this article. I may touch on all of them in a future email. But, there are 2 reasons that I must share with you now.
#1 – The Currency Market Is Setup To Make Sure That Novice Traders Fail
The price action in the currency market, behaves in such an erratic way, that it usually “tricks” novice traders into making bad trading decisions. Some people call this market maker manipulation. But, whatever you call it, just know that the market itself has a way of making you always think that your decision to execute a trade was a bad one, and that you should consider closing out your trade at the first sign of it going against you.
When price starts going against you, and you see your trade in a drawdown, the primitive side of your brain takes over, and you lose all logic and rationale. The ‘fight or flight’ response of your brain kicks in and due to fear of loss, you prematurely close out your trade, not realizing that the rules that helped you execute the trade in the first place, haven’t been violated yet. As soon as you manually close out your trade, the market magically starts moving in your desired direction again, heading towards your beloved TP (take profit).
Once price hits your take profit, you immediately condemn yourself for closing out your position too soon. Condemnation sets in, and it eventually leads to destructive trading habits that sabotage your trading results altogether.
The sad reality, is that ‘ALL of US’ are born with this primitive side of the brain, that usually takes control at the first sign of danger. And this primitive side of the brain is suppose to “kick into gear” in order to protect us.
In order to excel at trading any financial market, you have to learn how to control this biological, emotional response or behavior.
Over 98% of traders never do. It’s one of the hardest things to conquer.
But, even if you learn the secret of detachment, and lose all emotional ties to your trading decisions, you still have one major dilemma that can serve as a roadblock towards your dream of becoming a profitable professional trader.
#2 – It’s All About The Money (ie. Starting Capital)
Now let’s say that you’re a solid trader that learned how to flawlessly execute a proven trading plan, without your emotions influencing you. It doesn’t matter how great of a trader you are, if you don’t start off with the right amount of money in your trading account, overtime, you MAY lose interest and give up altogether.
I’ve seen this happen countless of times.
Most traders believe that they can deposit $1,000 of starting capital into a trading account, and compound that money over a 3 to 4 month period to create tens of thousands of dollars.
Now, don’t get me wrong! Compound interest is a powerful force. I’ve seen traders do the unthinkable and compound a small account into a small fortune in a few years. But, let’s be honest. Compounding one’s account is possible, but not typical. It’s not the norm.
And if you don’t deposit enough starting capital into your trading account, it’s almost unthinkable to assume that you’ll be able to make enough trading income to support your cost of living.
Just think about it….
Most of your great traders average between 10% to 30% monthly returns/gains when trading the forex market. Therefore, if great traders started with a 1k balance, they would only average between $100 to $300 per month in trading profits. The profits are barely enough to take care of one bill or living expense. And, what makes this even worse, is that they spent many hours analyzing the charts, reading price action, monitoring the news, waiting for trade setups to form, just to end up with a measly $300 at best.
So, does it make sense, for anyone to spend a bunch of hours in front of their trading platform, executing and documenting their trades in the market, for a measly $100 to $300 check at the end of the month?
Not at all! It’s a poor use of one’s time!
For example, let’s say that you spend an average of 2 hours a day analyzing and trading the financial markets.
This means that you “clocked” a total of 40 hours per month working on your trading business.
Total Monthly Trading Hours = (20 days X 2 hours/day) = 40 hours
Now let’s assume that your monthly return is $300 on a $1000 trading account. This means that you grew your account by 30%.
We have your earnings ($300/month).
We have your total hours (40 hours).
Let’s calculate your hourly wage.
Hourly Wage = (Monthly Trading Profits)/(Total Monthly Trading Hours) = ($300)/40 = $7.50 hr.
In other words, you’re making much less than minimum wage when starting off.
In the United States, due to inflation, $7.50 per hour will still have you living on the streets.
You’re worth far more than $7.50 per hour.
Because of the low starting capital, trading can be a poor use of one’s time.
You can make far more money doing other things outside of trading. As they say, ‘Time is Money’.
But, in day trading, time is only money when you start off with enough money.
For most people, they never will.
And if you truly think about it, most offline brick and mortar businesses require a significant amount of starting capital in order to establish a fully functional business. It’s no different in day trading.
To have a fully functional day trading business, you need access to a lot of capital. You need financial backing.
Sidenote: Now I am committed and devoted towards helping you fix this “capital problem” this year. I will explain everything in a little bit. Just keep reading.
With that said, how much money do you need to start off with in order to trade for a living and pay off every expense?
Well, there is a simple mathematical formula that you can use in order to figure out the magical number you need to start with.
(Cost of Living Expense)/(average monthly return) = Trading Capital
So, let’s assume that your cost of living expense is $2,500 per month. And your average monthly return from your trading is around 10% per month.
This means that you will have to trade with at least $25,000 in order for you to comfortably take care of your living expenses.
($2,500)/10% = $25,000
98% of traders do not have tens of thousands of dollars laying around.
The reason why they get into trading, is because they do not have quick access to large amounts of money and they want to find the means to get it.
So the sad reality, is that most traders who aspire to be full time professional traders are doomed from the start.
Seeing this is the case, I decided to do something about it this year.
There are many excellent traders who decide to “kill” their dreams of a professional trading career due to the fact that they do not have enough startup capital to fund a legitimate trading business.
This shouldn’t be the case.
I want to help you solve this ‘behemoth’ of a problem.
So, what am I willing to do for you?
I will explain, but let me ask you these 3 short questions first.
How would you feel if I personally guided you towards acquiring a six figure funded trading account before the year is over? (Usually within the next 4 to 6 months)
How would it make you feel if I told you that by the end of the year, you WILL have a $300,000+ funded trading account if you follow everything I tell you to do, step by step?
How would it make you feel if I gave you my own trades (ideas and setups) to help you make up to 10% per week with your six figure funded trading account?
Well, let me answer that for you.
I am pretty sure that you would feel extremely blessed and grateful if I was to help you do all of the above in 2020.
And, to be honest, that’s my mission in 2020.
My goal is to personally help at least 20 traders become fully funded six figure traders by the end of this year.
And, if you don’t become a fully funded trader by the end of the year, I will personally pay you back from my own pocket. That’s my guarantee.
If you follow everything that I tell you to do, and you still aren’t able to get a six figure funded account by the end of the year, then I will “dig” into my bank account and pay you for time wasted.
I am so confident in my process of making you a fully funded trader that I am willing to offer you this bold guarantee.
Therefore, if what I mentioned has you excited and eager to begin, you can do one of two things:
1) Start your journey now by joining our premium VIP trading community at a special discount rate (Up to 50% off) for our Annual and Lifetime plan. (For the 1st 20 ONLY).
– After you join our Annual (1-Year) or Lifetime plan, I will personally contact you through email or text within 24 hours to arrange a time where we can chat over the phone in private.
2) Register for a free phone consultation call this weekend with my twin brother and I so that we can talk to you privately about this special opportunity and answer any of your questions about becoming a six figure funded trader.
That’s all I have to say right now.
I only want to work with 20 traders during this first round.
So, if this truly peaks your interest, consider joining before all 20 spots are taken.
This is an opportunity for you to change your life for good within the next few months. I am very confident in my skill as a trader, and in my ability to help you get a six figure funded account.
I want to help you….so please help me help you in 2020.
Thanks for reading this entire message and I hope to connect with you shortly!
Dedicated to your trading success!
Marvin Perry has been an active trader within the Forex market since 2010. He attended the University of Illinois in Urbana/Champaign, and graduated in 2002 with a double major in Cell and Structural Biology and Chemistry. He currently serves as an FX instructor & Quantitative Analyst for the Forex Anatomy Private Trading Community called "The Lab", where he conducts live weekly trading webinars & instruction on Fundamental Analysis & Inter-Market Interpretations of dynamic asset classes and their influence on currencies.