My job sucks
“If you’re not happy, you can always leave.”
That’s what my boss said to me when I was 18 years old.
My job scope was to set up stalls for carnival events so people can play games at the different stalls.
As you can imagine, this is a labour-intensive job as I had to carry wooden tables, canvas sheets, metal rods, etc. to set up one stall.
But hey, I was happy.
I did it because I wanted to have some extra money and be a little secure, financially.
Now, I did this job for a few years and slowly…
I felt tired.
That’s because no matter how hard I worked, there’s an income ceiling.
1) My job pays a fixed rate of $10/hour. And no matter how good I am at it, the hourly rate doesn’t increase.
2) I’m selling my time for money. If I don’t work, there’s no income. This means if I fall sick or have urgent matters to see to, then my income is zero.
The worst thing?
I’m easily replaceable by someone younger, better, and even cheaper than me.
No wonder my boss said I can always leave because I’m easily replaceable.
So, I cracked my head and asked myself…
“How can I have unlimited earning potential?”
“How can I make myself irreplaceable?”
“How can I be my own boss?”
Eventually, the answer came when I was studying at university.
One day, a forex broker came down to my school and organized a trading competition.
It was free to join and there’s even prize money to be won. It was a no-brainer to me—so I joined.
2 days later…
I blew up my trading account—and that’s the start of my trading career.
From then, I dedicated myself to trading because I can be my own boss, have unlimited earning potential, and work from anywhere in the world—amazing!
So, I studied everything I could get my hands on like chart patterns, candlestick patterns, RSI, MACD, Fibonacci, harmonic patterns, stochastics, and whatnot.
The funny thing is, with all this knowledge, I still couldn’t be a profitable trader.
I found the answer came from a book called, Market Wizards by Jack Schwager.
In the book, he mentioned that if you want to be a consistently profitable trader, then you must have an edge in the markets.
This means you must have a proven trading system that makes money in the long run, or else nothing matters.
Here’s an example, let’s say…
- You have a trading system that wins 50% of the time
- Every time you’re right, you win $1
- Every time you’re wrong, you lose $2
Let me ask you…
In the long run, will you make or lose money?
You’ll lose because you don’t have a proven trading system.
It doesn’t matter if you have the best risk management because you’ll end up with death by a thousand cuts.
It doesn’t matter if you totally believe in your system because it will not make a difference.
It doesn’t matter if you have the best discipline because you’ll end up as a disciplined loser.
In other words…
You must have a proven trading system if you want to make money from the financial markets.
Now you’re thinking…
“So how do I find a proven trading system?”
Here are 2 ways you can go about it…
1. Traditional technical analysis
This refers to things like candlestick patterns, chart patterns, volume, etc.
This method can work as there are traders who are profitable using such trading strategies and techniques.
However, the learning curve is steep and it requires a lot of screen time.
So if you have a full-time job or you’re running a business, it can take years before you see results.
2. Fundamental analysis
If you’re an investor, then this approach can work.
(After all, that’s how Warren Buffet become one of the richest men alive.)
But if you’re a trader, then it’s financial suicide.
Because by the time the news is out, the price has already reflected it.
This means if you buy after a positive news release, then you’ve likely bought at the highs (just when the market is about to make a reversal).
So, is there any other way to find a proven trading system?
Well, what if I tell you there’s a new way to trade…
It doesn’t have a steep learning curve and you can see results in a few months (instead of years).
Are you interested?
I’ll tell you more in my next email…