Slow & Steady Wins the Day
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#526: Slow & Steady Wins the Day
In this video:
00:29 – Why a slow & steady trading style is best.
01:13 – My background really helps.
02:04 – Karate & Flying.
02:48 – Raising a large family.
03:31 – Consistency in our own trading.
04:21 – Get onto my trading Masterclass.
04:45 – Trade through Blueberry Markets.
05:20 – Like & Subscribe to our channel.
I’m going to explain why a slow and steady trading approach is your best chance of success to be a full time forex trader or prop firm trader? Let’s get into that and more right now.
Hey there, traders. It’s Andrew Mitchem here, the owner of the Forex Trading Coach. With Video and podcast number 526.
Why a slow & steady trading style is best.
Now I want to talk about a slow and steady approach to trading You see in life right now everybody’s fast pace wants action, wants instant results. Everything’s available on your phone. No one can wait any longer. Everybody wants things now.
Now, now, now. All the time. And the danger with that is that when it comes to the reality of trading, well. Most people, unfortunately, take that same approach. They want to be a multimillionaire next week. They want to pass a firm challenge within two days. They want to you know, how much do I need, Andrew, in order to give up my job and make $10,000 a month? You know, everybody always wants that that instant result and answer without doing the prior work.
My background really helps.
Now, I’m quite fortunate in many ways. One, I’m a little bit older. But two, I come from a farming background, and I think that has been a massive help for my own trading because you realize in farming that consistently doing things properly and planning and a slow and steady approach whilst always having an eye on the future and never being stuck in your ways is a really good way of farming successfully.
You have to turn up, You have to do things consistently as a dairy farmer. You have to milk the cash twice a day. You know, you have to be planting crops at the right time. You have to be doing things. It doesn’t matter whether it’s raining or it’s Christmas Day or your birthday or you’re not feeling well, you have to show up.
And so that consistency is is absolutely vital, I believe, to success. And as a trader, that consistency of constantly showing up is also vital as well.
Karate & Flying.
Now, other things that have helped me personally and I hope can help you. I’ve studied karate for many years and again, that slow, steady, consistent, repeatable approach is what gets you from being a white belt through to a black belt.
You’re not going to get there instantly. You’re not going to go and watch a whole heap of videos and suddenly, wham, next week you’re a black belt. That doesn’t happen. It’s that consistency, that hard work, that dedication. As many of you know, I also own and fly helicopter. The same thing applies. You cannot go out there and do like five lessons and suddenly go and fly one of the most difficult machines on the planet, the race to fly, you know.
So you have to be slow, steady, consistent, show up, do the hard work, and then the rewards follow.
Raising a large family.
And you also may know we’ve got five children. So same thing. You know, a lot of hard work, a lot of dedication, a lot of consistency through bringing up five children. And now more recently, I’m learning to play the guitar exactly the same thing.
I cannot go and stand on stage within 5 minutes. You know, you have to learn the whole basics and get better and better and more practice and you learn to go up and then you have a few down days or weeks and then you go another level again. So that consistency turning up. So whatever we do in life, that ends up being good.
Pretty much all of it comes back to that same rule of consistency, slow and steady and of course being good at trading is exactly the same. So that’s what I really encourage you to do.
Consistency in our own trading.
This is video on podcast number 526. We do this consistently every week. Our daily trades have been posted on our membership site since 2010.
We do that every day. They have been profitable every year since 2010. Again, consistency. We don’t have massive gains and huge losses. We’re consistent in what we do. Our forum site, we’re on it. Every day. Consistency. Yesterday I took four trades on the two hour chart trades that all were profitable and did really well for our clients. Again, consistency.
I have a live to our webinar this week for our clients. Again, we do that each week. Consistency, showing up consistently doing the same thing because it works and that approach will get you a long way in your trading.
Get onto my trading Masterclass.
So if you’d like to find out more about how we do that and how we can help you with that consistency in your life and your trading, then I encourage you, if you’ve not already been on one of my masterclasses, it’s a 45 minute On-Demand session. I’ll put a link here so you can view that any time you like.
I would like to have a chat with either myself, one of my team up on Link here so you can book a call to talk to us.
Trade through Blueberry Markets.
And if you’re out there looking for a fantastic broker, I can highly recommend blueberry markets. They offer the Metatrader 4 and Metatrader 5 platform. Great bunch of people. You know, just again, consistency there.
Email them. Test them out. Email them. See how long it takes to get a really good, solid answer. It’s really, really quick. It’s staggering how good they are at customer relationships. So again, consistency is what they do, what they practice, which is why we align ourselves with them, because we have that same approach to to trading and to looking after people.
I hope that helps. Any questions you have, any future topics of around trading I can help you with? Please let me know. [email protected].
Like & Subscribe to our channel.
If you’re watching this on YouTube, please like and subscribe and tell people about this channel and we’re out there to make it work for everybody. This is Andrew Mitchem at The Forex Trading Coach.
I say this time next week. Bye for now!
Episode Title: #526: Slow & Steady Wins the Day
Signup For my Forex Masterclass
Find out more about Blueberry Markets – Click Here
Find out more about my Online Video Forex Course
Book a Call with Andrew or one of his team now
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