Austin Silver FX is one of the most interesting day traders at the moment. While many traders gather followers with display of extravagant lifestyle, he is a true mentor of his generation.
Good question. I got into the private event industry because of the money. I was able to make more money working one Saturday night than most of my peers were making in a week. So it made sense. I ended up loving it and really diving deep into the industry, which taught me a lot of valuable communication and sales skills. It led to the charts because I was, and still am, motivated by the opportunity to exchange the smallest possible amount of my time for as much money as possible.
I lost a lot of money. The first 18 months were trial and error. I lost over 10k purchasing education courses, signal services, anything I could find online that I thought had the potential to teach me how to make money trading. After trial and error, I realized that patterns could be backtested. I started to use the same parameters to test the patterns I was seeing, and that led to the S1, my first profitable trading system.
As I was answering the previous question, I was trying to think if there was a moment where it clicked. I really can't think of one specific moment. It's a process; every day I get better. So the moment was probably sometime in 2016 when I reached my first six months of consistently profitable trading. I realized something was really working.
Patience is huge. It is extremely important. But it's not THE secret. The secret is consistency. It's almost against human nature to be a successful trader because of how disciplined and consistent you have to be to the rules that make you profitable.
Consistency is the secret.
I don't think so. I think you can get a fair education on Youtube, but there are very few people teaching how to actually get in and out of the market in profit. Even fewer of them are on Youtube giving it out for free.
The seminar was awesome; the camaraderie between the traders was incredible. The most important piece of advice is hard to pin down, but I think they found most value in discussing the nuances within the entry and exit systems in our program.
Nothing really surprised me. I was proud of how many of the new guys were able to contribute to the conversation and how quickly they picked up the ideas we discussed.
Signals, anything that sounds like a shortcut. Trading is extremely rewarding. That's why so many people try to make money in the markets. But the truth is, as with anything in the universe, if it were easy, it would not be valuable. This is going to require work for new traders, but it will be worth it.
Of course not. It's just the day and age we live in. Photoshop is easy to use, and people take advantage of that. People steal content and repost it as their own. You can't believe anything you see on the internet. You've got to do research before you trust anyone.
First off, I stayed away from swing trading because I didn't like the idea of leaving my money "in play" while I was doing other things. I want to trade, be done, and move on with my life, and I will be back tomorrow. I also don't like to trade slow pairs.
I prefer volatility. I like to play where the action is. So those two pieces help me trade in line with my personality.
Holding on to my winning trades. I do well occasionally, but I'm not seeing all of them through to TP because of impatience, so I'm focused on keeping my P/L closed and trying to just treat good trades as such.
Not yet. I have seen what you're speaking about in Europe, but, as usual, the US is late to the party.
2019 wasn't even 1% of what we've got in the tank. I already have two live events planned. One is my first international gig, which is very humbling. I'm trying to roll with that momentum that we created in 2019. Rylee and I started in July, that's when ASFX was officially open for business, so we are just getting started. We are unbelievably grateful for the success and the growth we had 2019, beyond words. We are very focused on 10Xing the value we bring to our team in the coming year.
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