Take a look at my account. Do you see the DD? As of today, it is close to 60%. Not pretty.
Most people would say, there is no possible way to recover that account. It's toast. In the past, I would have agreed, but NOW, I believe this account can be recovered from the drawdown, and moved, not only into profitability, but also can generate a steady income.
How? There are three (3) things this account needs to get out of ICU, and off life support.
One- A solid Trading Method. For that, I will use The MESA Trading Method.
Two: Precise Money and Trade management. Risk must be kept to a minimum, while profitability must be maximized.
Three: Time. It will take some time to recover this account. Turning this account around will require hard work. Equity goals will need to be met by specific dates, in order to prove the efficacy of the trading plan, and the power of The MESA Trading Method. In each blog post, I will include the goals for the week, so you and I both will know if we are on track to achieve the stated goals and objectives.
In short, what this account needs is a SOLID well thought out trading plan, that encompasses all of the above elements. The MESA Trading Method offers all of the required elements and more.
Starting Monday, February 1st, 2016, I will be trading *EXCLUSIVELY* The MESA Trading Method in this account. I want you to take the journey with me.
If you are looking for a trading system that WORKS, I want you to consider the MESA Trading Method. It is not one of those $97.00 Forex courses that litters the internet that promises immediate wealth with little to no work. The MESA Method requires work. Hard. Work. Also it is NOT cheap. The tuition for The MESA Method is $7,500.00. The high price ensures that only those that are serious about wanting to trade for a living, and have the means, desire and commitment to do so will express interest.
If you follow this blog, you will see what I already know-that The MESA Trading Method works well. Very well.
To watch a dated youtube video that explains the basics of The MESA Trading Method, click HERE.
Please disregard the sales element of the video, as it no longer applies.
Hopefully this blog will serve to inspire you, challenge you and encourage you to stop doing, thinking, acting and following the 95%, and reach to become a member of the 5% club- those that make their living from trading the Forex market.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.The high degree of leverage can work against you as well as for you. Before deciding to invest in the foreign exchange markets,you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial adviser if you have any doubts.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
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