Trade With KC Monday Report 001

It's a gold mine.  A mine with gold in it.  Lots of gold.  More gold than you've ever seen in your life.  It's all right there in the mine waiting for you to come and take as much as you want.  There's enough gold in there for everybody.  

Yea but.

Yea but what.

Yea but psychology, time, effort, psychology, skill, effort, persistence, psychology, psychology, psychology.

Why does my financial planner not understand the psychology of trading.

Why would I spend time with a financial planner who has no idea of what financial freedom means and who's only goal is to allow you to continue your life as a slave until they bury you.  It's the decumulation and withdrawal strategy.  The four percent rule.

Psychology.

It's all psychology.

All you have to do is first get to where you don't need the money.  If you need the money and you think you're going to get it by trading you can probably forget about it.

But if you don't need the money then it just becomes a little game.  

A game of looking at charts and waiting for them to hit your algorithm.

If you ever see one that hits your algorithm you enter the trade.

Your follow your algorithm through the trade.

And when the algorithm tells you to exit then you exit the trade.

That is trading.

Yea but psychology.

Yes absolutely no doubt.

Psychology.

And that is why VP has dedicated and entire podcast to psychology.

Currently watching GBP/USD.

Who would have thought I could make a fortune just watching the currencies of various nations go up and down.  It's a gold mine with enough gold in it for everybody.  We even got VP and KC out here screaming at the top of their lungs with a bullhorn and pointing right at the mine.

As a matter of fact you don't even have to get out of your chair.  They'll just have the people down at  t he mine load it all into wheelbarrows for you and take it to the bank for you.  They'll let you know once it's in there and then you can start spending it.  All you have to do is type out a few characters on your computer keyboard and the information will be sent over the airwaves and wires and fiber optic cables under the sea to the bankers who have all of your gold in the bank waiting for you to spend.

Oh, there is one thing though.  Psychology.

The Monday candle is less than 12 hours old and it's white.  My hair is turning white while I watch the candle print and see what my algorithm will instruct me to do.