Charles Silva Prates / Profilo

Yesterday, in my analysis of USD/JPY, I highlighted the crucial level of 141.92, which was broken with significant strength. Currently, the exchange rate is at 144.761. This breakout suggests a substantial movement, surpassing my initial expectations. Congratulations to those who, like me, seized this opportunity.

In 2016, I entered the world of trading, aiming to master the art of negotiation. After ups and downs, by 2020, I had become a professional trader. However, in the same year, my mother was diagnosed with advanced-stage cancer. Determined to fund her treatment, I turned to trading to transform our financial situation. I promised her a new home and a dream car, but her health declined rapidly. I dropped everything to care for her, but sadly, she passed away in my arms. After her departure, I found solace in trading and with the support of a friend, I continued moving forward. Today, I dedicate my success to her and vow to leave a legacy in her memory. 📊

Many traders face failures for various reasons. First, lack of education and preparation leads to unfounded decisions. Greed and impulsivity lead to risky trades, while lack of discipline results in deviations from the trading plan. Overtrading, or excessive trading, increases risks. Additionally, a lack of emotional control amid market fluctuations impairs decision-making. Lastly, unrealistic expectations of quick wealth can lead to impulsive decisions and frustration. Overcoming these challenges requires continuous education, discipline, emotional control, and realistic expectations. Trading is a journey that demands time, practice, and patience to achieve the desired success.

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