want, but we always get what we need. The power is evident in the last part of
that sentence.
So believing you are responsible for what happens in life is essential for success. This one belief is the difference between the 80% who never succeed, and the 20% who have varying degrees of success depending on the strategy that they employ. If you do have this belief, then it’s just a matter of knowing what to do next. Then you give it your best. Then you learn from experience.
With that in mind, as you are studying this course and applying it, always be mindful of your objective, and do your best to stay focused on it. If you are not sure what your objective is, ask.
So “make your first dollar first.” That is to say, limit your focus to a worthy first goal, and design your activity around that goal. If you cannot make $50 a week, you can never make $5000. It’s natural to desire “more,” but if you don’t make “some” first, you will never make “more.”
I am going to teach you how you actually make more by targeting less. Yes the old adage is true, “less is more.”
I’m explaining this in hopes that you will limit your expectation to consistent profit making only. Those who do not rarely succeed. A focus on anything else leads to a quest for “short cuts.” And we know short cuts in business lead back to where we started.
In addition I said to know your current objectives, and part of being vigilant is being conscious that you are going to have emotional ups and downs for a long time to come. This is all natural. The trick is to make the right decision regardless of how you feel. That’s part of what is means to be vigilant.
Okay on to the next important element of preparation. There is no trading plan in Level 2. There is in every other level. But not in level 2. There is a plan, but it is not a trading plan. There is a very important reason you want to do it in this way.
One of the most frequent mistakes made by Forex traders is that they try to copy
someone else. In another section, I’m going to show you how silly this is. But for now, I
want to just expose you to the idea that your brain processes information differently from every other person. You could stand behind a great hitter and try to emulate everything he does… OR… you could learn the logic (behavior) common to all great hitters, copy the logic, and then improve on how YOU do it.
There is a common proximity to the plate. Common position of the hands on the bat. A common direction the eyes are looking. The knees slightly bent are also a common behavior. And we could look at all that they have in common, and it is this that we would practice. If we have a coach, or the help of our fellow players (our trading community), when we swing, others can give us feedback on how we can improve.
Just so you know, I have a mentor I meet with regularly, who is an expert in the field of psychology. I tell him what I am experiencing, what I’m doing, and he gives me feedback. I always sought the guidance of mentors who could share powerful ideas about me. That’s a little different. In that scenario, they were teaching me ideas. With my current mentoring, it is about how I am applying the information. It’s about my application of the ideas, in
addition to the ideas.
That is built into the community. The best advice I can give you? Be authentic. Be
willing to fail in front of others. It’s not actually failure, after all. Your ability IS WHAT IT IS. If you can accept that, you will post what you are actually doing in real time, and you will receive the best feedback. I’d love to spend more time on that subject, but I’ll move on. There is another trap that traders fall into. It doesn’t take much at all to find yourself in the wrong mindset. What am I talking about? I’m talking about the mistake of imagining that
“if I just know enough about the market, I will succeed.”
Again, this is the introduction, so I want to be brief and say that there is a great
preoccupation with “knowledge.” Let me turn the lights on in this way: who do you think would be able to hit a baseball better? 1. Someone who studied one hundred books on hitting a baseball and practiced for one hour? 2. Someone who studied one book and
practiced for 100 hours? The answer is pretty obvious in those terms, is it not? And yet 90% of the traders you will see out there in the world are focused on knowledge, not
experience. I’ll touch on why this is happening in a future section. Always remember that the mind can only think in “symbols.” So just about all mind function we are accustomed to using is “imaginary.” Only your experience is real.
Back to our subject… There is no trading plan in level 2. Just like in the example of emulating the “common behavior” of all baseball players, that is what you are going to do in level 2. I’m going to give you the complete logic. Then you are going to do your best to apply that logic. But it goes without saying that YOU are going to be applying the logic, and not a single trader is going to do it in the same way. There are no right or wrong answers. There is just what you know now, what you can do now, and what you need to learn or do next. I often tell people that the difference between what I do and just about every other Forex training in the world is simple: just about everything else is education. Education is you watching me. Training/coaching is me watching you. Take a moment and think about real life examples of this and you will see quickly that this is true. So the community aspect of this program IS your most valuable tool.
Now let’s introduce you to what you will be learning.