“You Gotta Start Blowing ’em Accounts to See Things Clear” – Jose Fernandes
Apr 10, 2024
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Expert trader Jose Fernandes shares insights on evolving trading strategies, risk management, and simplifying trading approaches through recognition. He also discusses setting profit targets, trading mindset, and strategies for success, emphasizing perseverance and self-education in the trading world.
Trading can be simplified to buying or selling without extensive education, emphasizing risk management.
Self-learning through videos and books is crucial, with a focus on building a resilient mindset for trading success.
Deep dives
Trade Simplified
Trade is simplified to buying or selling without the need for extensive education or backtesting. The speaker emphasizes the straightforward nature of trading and the importance of risk management.
Starting in Forex Trading
The speaker got interested in trading after seeing social media posts about fast money and flashy lifestyles in Forex. He avoided MLM schemes and focused on self-learning through videos, books, and online resources, leading to blowing multiple accounts before finding success.
Risk Management and Mindset
The importance of risk management is highlighted, with a focus on expecting to lose when placing trades. The speaker discusses developing a resilient mindset by being prepared for losses and creating new accounts to continue trading.
Stay Consistent with Trading
Consistency in trading is emphasized, with the speaker advising to master risk management and trade daily to maintain profitability. He shares insights on passing trading challenges quickly, the impact of greed, and incorporating exercise into his trading routine.
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