How to become a Sniper: the story of a trader

How to become a Sniper: the story of a trader

How to become a Sniper: the story of a trader

Is it really possible to earn a living by trading? And earn enough to provide not only for yourself? The answer is positive. In this article, you will learn how to become successful traders using the example of one of our students.

How to become a professional trader? Such questions were asked to me by those newcomers who have already plunged into the sphere of market speculation, feeling the taste of money. Such a striking example was my old friend Dmitry, a novice trader, with whom we had a conversation back in 2006. At that time, I already had a significant amount of theoretical and practical knowledge, which I was happy to share with a colleague.

Dmitry took the first step – started trading on Forex. During this period of time, it seemed to him that trading is a very profitable field of activity, where you can earn mountains of money, even without spending special physical strength and mental abilities. He heard from his friends and from thematic forums on trading that there are those who earn millions of US dollars on Forex – you just need to look at the chart and know where to buy cheaper and where to sell more expensive. Everything seems simple, there are no difficulties, which means that you are ready for real trading!

Of course, such beliefs evaporate after the first unprofitable transactions and "merged" deposits. I remember getting a message from him: "Alexander, I'm in trouble, I'm losing money, what should I do?". It immediately became clear to me that Dmitry, having absolutely no trading plan, started opening deals intuitively, for which he was later punished by the market. In fact, the market does not care who you are, what knowledge and abilities you have. The law of the market is one, and everyone must know it. That is why the "Sniper" strategy classes provide the basics that help beginners not to lose money and correctly "read" the market.

So what kind of mistake was made by Dmitry at the first stage? He opened the first real deal in his life, and it turned out to be profitable in the end. Dmitry felt like a professional, so he decided not to waste time and open future unprofitable positions with a much larger trading volume. The outcome of such trading is a merged Deposit.

This stage of "becoming a trader" I call it "the stage of a certain unconsciousness". It doesn't last that long.
Many beginners only after the first losses begin to think about the fact that they are missing something in trading to trade profitably, and immediately move on to the second stage of "becoming a trader", which is called "conscious uncertainty".

At the second stage, Dmitry already clearly understood that he needed knowledge that would help him earn profitably, so it's too early to call himself a professional trader. At this stage, he started spending money on a variety of paid indicators, expert advisors, constantly jumping from system to system. I remember very well how at such moments Dmitry suggested that I discuss a new and new trading system. At one point, I suggested that he stop and explained that it is necessary to take one trading system and spend enough time checking it, instead of taking a completely different one the next day. It is physically impossible to know whether the system is working or not in a day, week, or even month. Dmitry always thought that a new batch of fresh information would help him solve all problems. On various forums, he saw how others shared positive results, was upset that he did not succeed, asked thousands of questions, sometimes frankly stupid. At a certain point, Dmitry began to believe that everyone around him was cheating, and nothing was working properly.

There was a moment of desperation: Dmitry found some paid signal service and followed it, even if professional traders answered him at a certain entry point that this was madness. Naturally, he immediately got burned again and became even more convinced of his statement that everyone around him is lying, and Forex is an environment of deception.

The second stage lasts a very long time, up to about three years. It is at this stage that many traders become desperate and give up. Only 10% of traders continue to trade after 3 years: the whole problem is in the psychology and perseverance of the trader. Personally, I had to restore this psychological threshold in Dmitry, but in the end it was successful: he moved to the next stage of becoming a trader and did not regret it at all, although a lot of money and time was spent on this life experience.

Now think about whether it was worth spending precious time and your own money to get nothing in the end? Of course, this is not rational, so before you start working in the financial markets, consult with professionals.

I call the third stage "rebirth". The trader comes to realize that the main problem is not in the trading system itself, but in psychology. I gave him the example of my friend Edward, who works on the London metal exchange, who uses only two moving averages, money management rules, and the ability to control his own emotions in trading. From that moment on, Dmitry started reading the literature on the psychology of trading, making the correct conclusions that none of the professional traders can predict the price movement by 100%. Working in financial markets is always a game of probabilities.

Dmitry started developing his own trading system that is suitable for him and takes into account his psychology. He no longer had any disappointment when he received a losing trade – after all, it is still a system, and the future profit in any case will cover the current losses. The main thing that Dmitry learned is the presence of strict discipline. This is the key to success in trading. After that, the trader goes to the fourth stage, which I call "conscious confidence".

At this stage, Dmitry opened trades only when the system gave a signal to open them. In the end, the system generated more total profits than losses. This stage lasts about 8 months. Dmitry had an algorithm of actions, as well as our students on the strategy "Sniper", there was a specific plan of action for each force majeure market situation.
Then comes the time of the fifth and final stage – "emotionless confidence". Trading is brought to automatism. Opening a deal is a routine action, the same as brushing your teeth or having Breakfast. At this stage, Dmitry was no longer happy about the $ 3,000 profit, as well as the $ 10 profit. Dmitry completely managed to exclude the emotional factor from trading. Since financial markets have the property of non-linearity, the trader also had to upgrade his system in places to increase profitability and minimize losses, but the trading method itself did not change dramatically in any case.

How to create a specific trading action plan for yourself and work according to the algorithm? We explain all this in the "Sniper" strategy class.

Algorithm of the "Sniper"trading strategy

Determination of significant levels (TIUS, TIU, URST) and the trend situation (UP, CONSO, DOWN) on TF H1.
Waiting for the moment of touching or BREAKING a significant level (TIUS, TIU, URST) on H1 TF.
Determining the entry point, stop loss, and target levels (the "safe" rule).
Transaction logging (recording each transaction in a diary+screen).

It's been 10 years. Today, Dmitry works at Dorman Trading as a commodity futures trader and constantly recalls our conversations and my instructions. Of course, not everyone becomes a successful trader. Success is achieved not because of some innate abilities and unique strategies, but only because of their own perseverance. Do not give up if something does not work out, be strong, and success will not take long to wait! To start improving your trading right now and earn more, watch our webinar on the "Sniper"trading strategy.

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