Charles Silva Prates / Profil

I currently have nine years of experience as a trader and only managed to live off of it after six years of practice. This profession is not for the impatient, and the idea that it's possible to make a living from the market in two or three years is a big misconception. Most people won't be able to do it even in 10 years, many not due to cognitive inability, but because they can't correct their bad habits. This is a truth that many course sellers don't mention for obvious reasons.Another thing is the magical setups and copying strategies: what works for me may not work for others. Besides technique, it's crucial to have emotional intelligence, risk management, and the ability to adapt strategies to market changes 📉📈. What works today may not work tomorrow. The success of a trader lies in their individuality and market vision. Explore different financial instruments, optimize strategies, be creative. Don't trade asset X just because the herd is trading it or because someone said it's better. Find what works best for you. I wish everyone a lot of focus and resilience. Best regards! 💪🚀

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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