I’m trading the 10 Min Forex Wealth Builder System, and so far I’ve had 3 trades opened. None of them have closed out yet, so there’s really nothing to report.
In trading, sometimes your trade goes in your favor almost immediately… and at other times, they go into drawdowns almost immediately.
This is why stop placement (if you use stops) is critical. By placing stops far away enough to give the trade wiggle room, you can sit through drawdowns with relative safety and allow it time to “mature” and hit the profit targets.
In trading the 10 Min Forex Wealth Builder System, I’ve seen two of the trades go into profit before moving into drawdown. And with the third trade open, it’s also currently in a drawdown.
The three trades that I’m currently in are:
- Short on the USDCAD
- Long on the EURJPY
- Long on the GBPJPY
Typically, the 10 Min Forex Wealth Builder trades should either be stopped out or hit their target within 2-3 days. But sometimes, the markets want to do their own thing and all we can really do as traders is to wait it out.
With a proper trading plan that has well defined entries, stops, profit targets and trade management, your stress levels as a trader are reduced tremendously. All you really have to do is to execute, execute and execute.
Your trading system (in this case, the 10 Min Forex Wealth Builder) gives you the edge, and your trading plan gives you the parameters for executing that edge and allowing it to work in your favor over the long term odds.
Most inexperienced traders give up once they hit a couple of losing trades, simply because of erroneous trading expectations. No system in the world will give you 100% winning trades, with 100% guarantee of success.
Figure out how much you’re willing to risk, have a trading system (the 10 Min Forex Wealth Builder), execute your trading plan, and give yourself a chance for success.
If you don’t know what the 10 Min Forex Wealth Builder is, you can read it here: