GROWING YOUR ACCOUNT IS UNCONSCIOUS

Today on pips academy, I will like to discuss how to unconsciously grow your trading account without you really getting involved with the entire process.

Growing your trading account is like losing weight. Losing weight doesn’t have to be conscious. I have come to discover that losing weight is something you do unconsciously. The body is such a wonderful masterpiece that only responds to what we do to it. If you are overweight for example, this may be due to bad eating habits; too much of high cholesterol food and late night eating and you know this habit could destroy the body really very fast.

If you want to lose that weight, you simply stop the bad eating habit and all the late night foods and the body will naturally take care of itself. You really don’t need to get involved with the process, but the body without your knowledge will simply take care of itself.

Why do you trade the way you do?

You trade the way you do simply because you think you are the factor in the growth of your account. I did not say you don’t factor in the whole process. Of course is how you trade that either positively or negatively affects your account. But what I am saying is; when you understand the set and forget strategy of trading, you will not become too involved with the process. What in my opinion I think really boost your trading account is if you just allow the market to do what it should do without you always interfering with the whole thing! This attitude is simply common with newbies- people just learning to trade.

But you can choose to be a professional trader in just one month. You don’t have to spend years experimenting because people have done all that waste of time for you. All you need to do is follow good advices and you will be doing just fine. Learn how to trade using Price Action. This is the only method I know can make a trader keep his day job and still be a trader. As a PA trader, you won’t have to go through all the rigor of sitting long hours in front of your computer placing orders. No!This is because you don’t use the time frames that every other traders are using. All time frames around 1 minutes to 15 minutes will make you over trade and help you blow your account really fast.

When you become a Price Action trader you will have all the time on a daily chart to do pretty good technical analysis before placing orders. Whereas on the lower time frame, trades are too fast that you can’t even note swing points and key event areas that will bring you money. But becoming a price action trader who does his analysis mainly on the 4hrs to daily charts offers you the opportunity to pick high probability trade setups that will offer great rewards of say maybe 8:1 risk/reward ratio.I am telling you! But there are secrets to all that success and I have all that covered in my Price Action trading course.

Just sit and do nothing

As a PA trader we simply sit down and just do nothing after the trades have being placed. Yes we sit and do nothing. Since there is nothing a retail trader like me can do to the market, I just sit down there after placing my orders and allow the market do its thing. I for one do trade in simple ways (All thanks to my trading plan): I just identify all my key supports and resistance zones, all swing points and I sometimes wait for a pull back or retrace into those areas before placing that trade.

Sometimes if I cannot wait for all those pull backs, I just place a pending order around my key resistance and support zones. When that is done plus some couples of things like confluence and real core price action setups (all in my trading course) I just close the laptop or ipad and do other things.I come back to check the market after the New York session closes at 9-10pm Nigerian time (also this is when I place the next trade setting up). But sometimes I do check before NY closes. I check if it has hit my stops or my profit target. That’s how I trade! Eget secret sha.

So in conclusion, I will say that nothing grows your account faster like doing nothing after trade order and just allowing the market do what it knows how to do best. Try this principle and you will see a great improvement in your trading results or account. Remember this: Do nothing!

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See you soon!

I am Wealth Peters

CEO and Head Coach Pips Akademy.

Saying: Be a great trader.