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EPISOSE 91

Now, let's get into Arian's actual text message and talk about it:

"I used to trade on h4 and daily time frame after i burn 4 account. I used timothy morge median line (andrew's pitchfork) for 2 years and making 1-2% monthly. Then i went to london for my master and there i get a job to in financial markets. Forex managed account. I managed 200k. But after 1 year of managing fund i suddlnly start to loss money. I couldnt to decide when to trade. After that i lost my trading job and start to trade for my self imean my own fund. Which was leas than 5k. Becuase 1-2% of 5k monthly profit is not good enough for living i changed my trading to scalping and take more risk of each trade. And then just lossing money. Then i start robot trading in forex factory. I just found couple of robots and test them and nothing .... Now there is a simple method called 00 in ff and i subsribed to them and pay 97. He is a nice guy very helpful but i have a day job and i cant follow all his system. Thats all."

1. Stop trading a system that you can't trade.

2. Stop trying to live off a $5,000 account. There are maybe 2 traders on the planet that could do that. I don't know if they are actually mutant super heroes.

Now just move ahead and slowly, safely, compound your gains over time. If you want to make a lot of money in a short period of time, we can do an episode about that - but know that the more money you want to make, with a small account, in a small amount of time, the higher the probability that you will lose all the money.

There are a lot of other points here.

1) Making 1% a month is kind of awesome. Don't ever think that some amount of profit isn't enough. That comes from comparing yourself to other people. Once you start comparing yourself to other people (even to say you are better than them), you go down a road that only ends in depression. Eventually you will find that someone else is doing better than you, and it will depress you, and you will start to give up.

2) Some people say that comparing yourself to others, or wanting to beat others at the game - is a huge motivation. I want you to be motivated to do your best because you want the best for yourself and your family, not so you can get revenge on someone else who doesn't know you or care about you and who isn't paying attention to you. I want you to look up at the scoreboard during the game and see - OLD ME - 10 points, NEW ME - 100 POINTS. And do that every day. Keep score against the old, lazy, vengeful, working hard at the wrong thing part of yourself - and then you are going to start doing great things.

3) There is a difference between putting yourself in the role of the student, and putting yourself in the role of being below other people. It's one thing to say, this guy is my teacher. It's another thing to say this guy is my GURU. So I am pleased that you asked me for advice. I like that. I am happy to hear from you. And then also - keep in mind that the student has to become the teacher at some point. So humbly take what you learn and share it with others. Give credit where it is due, to your mentors or your teachers, but never worship someone to the point where you cannot make a decision without checking with a guru. I see traders all the time follow someone on Twitter, and wait for the pronouncement from on high. That's not how we do things around here in Bookertown. You are meant to do great things, we are all meant to do something great - and we learn from each other, we hold each other up, we interchange between the roles of student and teacher over time. In my lifetime membership program, a new member gets mentored by more experienced traders in the chat room, and then over time that new trader becomes a natural mentor to someone else. "Oh I learned that and here's how you do it," and we tell you from the start - when you become a lifetime member, as quickly as possible, start contributing, start learning new things and sharing it with the group. Take yourself out of the role of insubordinate, insufficient, inexperienced trader, and start diving in to the role of helper, advocate, cheerleader for others, etc. In our family we're happy for you when you do well, you're happy for others when they do well, and we're all striving for the same thing - net gains at the end of the week, at the end of the month, tossing out the dead old self who was losing money and making stupid mistakes, and inviting in the new self, that rises to the challenge, doesn't accept excuses, doesn't play the role of the victim, and does the great things he or she was meant to do.

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