How many of you have said this recently?
The recent hits from FX Viper, FX Amplified and Smart Trader are really starting to hurt. I'm not just talking about our accounts, I'm talking about our belief in this whole site and what it represents.
Some questions that might be creeping in:
Do these traders really know what they're doing?
Am I wasting my time and money?
Should I cut my losses and walk away?
Is it really possible to make money in this market?
These are all legitimate questions. Aside from the trade history, all we have to go on is our belief that these traders are who they say they are and have the experience to navigate to navigate out of the drawdown.
It's very easy to become negative when looking at the short term performance of these traders. I'm more experienced than most and have more information on these guys than any of you. But even I have a hard time removing myself from recent frustrations and disappointments.
How do I make myself feel better?
I look at the long term performance of these guys. Go back and take a look at their master accounts and you'll soon realise this is not the end of the world. None of these traders are experiencing anything we haven't seen before.
Let me say that again using different, more dramatic words for emphasis. Every one of these talented, experienced traders has recovered from a similar situations in the past while they have been trading for us on ForexSignals.com
Every one of them.
FX Amplified - He fell apart and took a 350 pip loss on EURUSD last year. We're now 20% above his previous high watermark.
Smart Trader - Dropped 10% in the first month of being a member of this site. This was recovered within a fortnight
FX Viper - Bet the house going short on USDCAD in November 2013 only to see it smash through 5 year high's and eventually run 700 pips! (700 freaking pips!) he recovered within weeks.
So let's try and keep some perspective (myself included). I personally have no doubt we'll walk away profitable, I just don't know when.
The recent hits from FX Viper, FX Amplified and Smart Trader are really starting to hurt. I'm not just talking about our accounts, I'm talking about our belief in this whole site and what it represents.
Some questions that might be creeping in:
Do these traders really know what they're doing?
Am I wasting my time and money?
Should I cut my losses and walk away?
Is it really possible to make money in this market?
These are all legitimate questions. Aside from the trade history, all we have to go on is our belief that these traders are who they say they are and have the experience to navigate to navigate out of the drawdown.
It's very easy to become negative when looking at the short term performance of these traders. I'm more experienced than most and have more information on these guys than any of you. But even I have a hard time removing myself from recent frustrations and disappointments.
How do I make myself feel better?
I look at the long term performance of these guys. Go back and take a look at their master accounts and you'll soon realise this is not the end of the world. None of these traders are experiencing anything we haven't seen before.
Let me say that again using different, more dramatic words for emphasis. Every one of these talented, experienced traders has recovered from a similar situations in the past while they have been trading for us on ForexSignals.com
Every one of them.
FX Amplified - He fell apart and took a 350 pip loss on EURUSD last year. We're now 20% above his previous high watermark.
Smart Trader - Dropped 10% in the first month of being a member of this site. This was recovered within a fortnight
FX Viper - Bet the house going short on USDCAD in November 2013 only to see it smash through 5 year high's and eventually run 700 pips! (700 freaking pips!) he recovered within weeks.
So let's try and keep some perspective (myself included). I personally have no doubt we'll walk away profitable, I just don't know when.
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