Are you thinking of quiting Forex Trading

 

Are you thinking of quiting Forex Trading

 

Are you thinking of quiting Forex Trading?

Blast From The Past

Over 10 years ago, I was introduced to a novel thing called Forex trading. Although I was relatively young at the time, I was old enough to realize that this could be a long term career for me.

You see, I had previously worked in a multi-million dollar company, and it quickly became apparent that the corporate life wasn’t my cup of tea.

I often thought, “is the purpose of my life to be a replaceable cog in a corporate machine?”I decided the answer was no.

I wanted a career where my choices had a real impact on my life, where the rewards are determined by my effort and not by the whims of someone else higher up in the corporate food chain.

And so, I began my first steps into the mysterious and perplexing world of retail Forex trading.

 

My Forex Trading Journey

In my first few years of fumbling around, I made every possible trading mistake there was to make. And in the years following that, I continued to repeat a good number of them.

I’m a slow learner, so it took me a a long time before I started to get a hang of things.

And now 10 years later, one might say that I’m enjoying some level of success because I never gave up along the way… but the truth of the matter was that I didn’t have a choice.

In spite of the setbacks, I kept going on because the alternative was not acceptable to me.

I mean, sure, there were times I said to myself, “I can’t do this anymore, it’s too hard. I should just get a job like everyone else.”

But then I thought about having to drag myself up up at 7.30am every morning just to put on a monkey suit and spend my days sitting at a little grey desk in a little grey cubicle… and I thought, “man, I’d rather be out on the streets busking for five dollars an hour than to go back to that life.”

So… that’s the reason why I never gave up on trading. I didn’t have the option to.

 

The Captain Who Could

In 1519, Spanish Captain Hernán Cortés landed in Veracruz with 600 men on a quest to conquer the Yucantan Peninsula (modern day Mexico).

With only 600 men, no one expected him to attain any level of success. After all, there had been many others with more resources that had tried and failed miserably.

But here’s what Cortés did that no other captain before him dared to do: he eliminated the possibility of retreat.

Upon landing in Veracruz, he turned to his second-in-command and muttered the three words that would forever be remembered in the halls of leadership history: “Burn the boats.”

Imagine the soldiers’ faces when they saw their only means of returning home go up in flames.

The message was clear: they would either win this war, or never see their loved ones again. Retreat was no longer an option.

A thousand years prior to this, Alexander the Great did something similar. Upon arriving on the shores of Persia, he proceeded to burn the only means of transportation back home.

In both cases, cutting off all means of retreat proved to be the correct decision.

In the face of overwhelming odds, these leaders achieved victories that no one thought were possible.

 

The Possibility Of Retreat

Now think about your own situation.

Would it be easy for you to give up on trading when the going gets tough?

Is there an alternative you can fall back on, if trading doesn’t “work out” for you?

Because when it’s easy to give up, that’s exactly what you’ll do.

Now I’m not telling you to quit your job tomorrow and to put all your savings into a trading account. There’s a difference between being committed, and being dumb.

The point I’m trying to make is yes, trading is challenging. But you CAN achieve some level of success because you are more resilient than you give yourself credit for.

You’ve experienced some very difficult times before, haven’t you?

And yet somehow, by some strange miracle, you emerged victorious in the end. Remember those times?

You see… there was actually no miracle.

You simply underestimated what you’re capable of.

The truth is, when the chips are down, you have what it takes overcome even the most difficult challenges.

But the thing is, you can’t do that with one eye on the exit.

So what you can do is to set things up so that the pain of giving up is worse than the pain of struggling along the way.

This is what I did when I announced to my close friends that I would either succeed at trading or die trying.

 

Are You Ready To Commit To Trading?

It should be no surprise that the vast majority of retail traders quit within 1 year of trying. After all, it’s far easier to give up than to keep torturing oneself with losing trades.

But here’s what they don’t realize…

All traders suffer, regardless of whether they’re successful.

The difference between those who make it and those who don’t, is that the former have adopted a perspective that makes their suffering worth it.

Think about it. Everything we do that has significance, requires sacrifice. If you’re a parent, entrepreneur or athlete, you know what I’m talking about.

Why would a parent go through the thankless job of constantly providing and caring for an ungrateful and selfish child?

Why would an entrepreneur be working 16 hours a day, 7 days a week, 52 weeks a year?

Why would an athlete wake up at 5am every day just to torture herself on yet another 15km run?

The answer, is that for these people, giving up is more painful than going on.

 

So I Don’t Mean To Be Rude…

… but I expect the majority of the people who joined my newsletter this year, to have mostly given up on trading by now.

If you’re one of these people, please feel free to unsubscribe from my mailing list. There will be no hard feelings, I promise.

But if there’s a deep desire within you that whispers, “yes, trading is what I want to do for the rest of my life”, then cherish and nurture that voice. Because that is what will keep you going when things get rough.

 

Why Are You Still Trying?

I’m sharing this with you because I understand how difficult things can get for you.

Remember how it felt when you lost all that money in the market?

Remember how difficult it was to talk about trading with your friends because you weren’t making money?

Remember all the times you felt like trading was a complete waste of time and effort?

You’ve been beaten down and trampled on by the market…

And yet, you’re still here.

The easy thing to do is to give up and walk away. To go spend your time doing something else. That’s what most people end up doing anyway.

But something tells me there’s good a reason why you’re still trying.

 

Is Retreat An Option For You?

So you probably realize that you need to make a decision: trading is either a priority in your life, or it’s nothing at all.

Anything in-between is just going to be a waste of time and energy.

2015 has gone and passed. There’s no re-doing it again. There’s no going back. It’s over.

Will you allow 2016 to pass by as unremarkably as 2015 did?

Or will you commit to taking the next step of getting your trading in order?

Hundreds of people have gone through the Icarus course in 2015, and you know how many of them asked for a refund?

Exactly zero. Everyone who took the course stuck with it. Why? Because it’s that good. It’s the best trading material I’ve ever put out.

So if you haven’t yet joined us, I’m inviting you to do that right now.

Make 2016 the year when everything about your trading falls into place.

Make 2016 the year you start gaining clarity and confidence in your trading.

Chris Lee

1 Comment

  • Fabian Schroter

    Reply Reply January 29, 2016

    Hi Chris
    Good read – thank you. What is the Icarus course and where can one get more info?
    Please let me know.
    Much appreciated.
    Fabian

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