Waxprofx

05/19/2022

waxprotradingguidance Q2 is officially here 🎯
Here's a little quick exercise for you to do today.
Grab your pen and journal.
What did you do in Q1 that moved you closer towards your goals?
What did you do that moved you away from your goals?
What habits, actions and thoughts, if you kept doing and thinking them, would move you forward?
What of those would move you backwards?
These questions are examples of reflections - the process of looking backwards so you can more properly move forwards.
You have access to this incredible tool at all times.
Two people can go through the exact same experiences and have totally different results.
The way to get the most out of every experience, every failure, every mistake, every challenge, is by REFLECTING on it.
If you've already done your ASR/reflections, good. Then think about this.
What MUST you do in Q2?
"Must" tends to intimidate, but there comes a point in the journey when enough is enough; you have to establish non-negotiables in your life and trading.
How will you use the next 90 days while not letting those 90 days use you?
Let me know what your BIGGEST plans are for the next 90 days!

waxprotradingguidance

05/19/2022

05/19/2022

waxprotradingguidance Trading without goals is like...
Driving without a destination.
Don't get me wrong, I like a casual drive for the sake of driving every once in awhile...
But imagine if every time you drove you had no destination in mind.
You're moving for the sake of moving...
And you're spending time, energy and finite resources to do so.
Here's the kicker - even if you had a destination in mind, it wouldn't be enough.
Let's say you know you want to get from point A to point B, but you didn't really have a good reason.
What happens when you learn you'll be going through 3 hours of traffic?
Will it still be worth it?
What if on the road you hit roadblock after roadblock after roadblock, and you find yourself getting confused and frustrated?
What if your GPS stopped working and you had to figure out the way on your own?
Even in the face of all of this, would you still try to get to your destination?
That would depend entirely on how important it was to you.
And that's why your goals in trading must be undeniably compelling.
If you're reading this, it means you've set off on your journey.
It's going to be filled with obstacles, roadblocks, traps, high amounts of emotion and turbulence.
Will it all be worth it in the end?
Listen now - Paint the picture of your destination like you never have before.
Become the Picasso of your Potential.
Let your imagination go wild like you're a child again.
Step into the body and mind of that ultra successful version of yourself.
What does it feel like? Write it down. Then refine it even further.
Once you get a taste within your own mind...
Once you get a sample, a glimpse of those positive emotions...
The obstacles will no longer be obstacles.
They'll be pathways.
Victory is merely a visualization away.
Start to win right... now.

waxprotradingguidance

05/19/2022

05/19/2022

waxproradingguidance 📣 New Resource Announcement - Waxpro FX Strategy Handbook 2.0! 📣
It's here! The handbook has been refreshed with content updates throughout and has been given a beautiful facelift.
This 75-page all-encompassing reference tool includes four distinct sections:
1. Psychology & Mindset
2. Technical Analysis
3. Taking a Trade
4. Processes.
Each of these sections includes important information about the values, strategy and resources in Waxpro such as: how to approach FOMO, mass psychology, patterns & candlesticks, the perfectionist mindset, managing trades, backtesting, affirmations, and much more!
Learn about new aspects of the strategy and membership or work towards mastering the basics by reading through the strategy handbook. We believe this resource can be valuable regardless of skill level.
Available to all Waxpro FX members!
Waxprofxtradingguidance

05/19/2022

waxprotradingguidance getting prepared for the week ahead. Don’t underestimate the power of weekend analysis. Forecasting and building your top pairs for the week will allow you to execute your trading plan much more effectively. Preparation is key 🔑
waxprotradingguidance

05/19/2022

waxprotradingguidance Psychology is.
The reason why so many traders, regardless of strategy, find themselves not breaking through.⁠
Once real money is involved, average emotional attachment increases significantly.⁠
So many traders on their journey fall into the trap of going into their broker and counting the dollars fluctuate as their trades work for and against them.⁠
Even worse, countless traders leave tons of profit on the table because they close their trades when they see them reach a certain dollar amount that means something to them (one typical workday’s worth, for example).⁠
This might work towards the beginning of one’s journey on a smaller account, but chasing your P&L is simply not healthy, sustainable or scalable.⁠
How will you deal with pullbacks and swings on a 50K, 100K, or 1M account?⁠
It’s not the strategy that will serve you in the long term, which is where our heads need to stay!⁠
SAVE this post to remember what trading is really about!
waxprotradingguidance

05/19/2022

05/19/2022

waxprotradingguidance If you only have time to work on trading.
Then trading isn’t working for you!
Think about what financial freedom really looks like to you before tethering yourself to the charts.
Start visualizing what the profits will do for you…
Think about how you can use them to work for you rather than you always working for them.

falcontradingguidance

05/19/2022

waxprotradingguidance Intentionality is victory
Think about it.
If you apply 100% intentionality in your life, you’ve already won.
Hidden deep in those first intentional thoughts, feelings and actions is your truest self, and in trading terms, is your consistency.
Think about our current giveaway.
It might sound harsh, but many of the people who are entering are probably so fixated on simply winning the giveaway that they haven’t thought of how they can use that money to actually move them towards the place they want to be on their journey.
Similarly, so many people want “consistency” in trading but have no idea what that ACTUALLY looks like, nor how it helps them towards the place they want to be in life.
But then so many people don’t even have the place they want to be in life defined.
So what you have is a ton of people striving for consistency so they can be financially free without really knowing why.
Those people who try to treat trading simply as a bridge to walk across to another side of life are almost always sorely mistaken, and they pay the price for it.
If you charter a boat and don’t tell it where to go, the odds of it landing where you want to be are slim to none.
If you set your compass and plan the trajectory of the boat, you have incredibly better odds of getting to where you want to go.
Ask yourself today - Why are you in trading?
If it’s for financial freedom, why?
Is it for comfort, an end to a degree of suffering in your life and the lives of those around you?
That can be step 1, but once that’s done, why continue?
You must have this answer. There is no choice. This is not a voluntary question.
If you want to take advantage and live the fullest life that is laid out for you, you have to create your map.
If you don’t, and I mean this in a loving way, but why are you here?
We truly want you to win. We have the strategy, the content and the community. But you must do your half, too.

waxprotradingguidance

05/18/2022

This week’s weekly focus is an important one, so we though we would share it.
As we are aware as traders the market moves in cycles, and what is important is that we are always conscious of protecting our capital in periods where it is required to wait for further development on any given pair, and with that comes self discipline; not taking a position is a position in itself.
A vital aspect of being a trader is knowing when to enter the market, and when to wait for development, and it is this mindset that will assist in having positive returns over the longer term.
The market will always be here, and opportunities will continue to present themselves - it is up to yourself to be ready when that time comes so that you are able to capitalise.
I often mention that we should always remain teachable, and there is always opportunity to further improve ourselves as traders by digging into and analysing our previous positions, refining our trading plan and backtesting specific pairs to name just a few.
Should you find yourself in a position whereby there are few aligning to your plan currently, then use that time wisely to sharpen your skillset so that you're always improving in each and every area.
Hope everyone’s having a great week