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- "The Trader's Death Spiral: The Psychological Pitfall You Must Avoid"
"The Trader's Death Spiral: The Psychological Pitfall You Must Avoid"
The Trader's Death Spiral: Unveiling the Psychological Trap + New Funding Discounts
What we will be covering today:
Top Discounts
"The Traders Death Spiral and how to overcome it”
The cycle of discipline to gambling
My latest payout from Take Profit Trader is not to brag but rather to show you its pos’s possible and you can do it. What’s crazy is that I requested the payout at 10:00 a.m. and hit PayPal by mid-afternoon. I was really surprised by how quickly it happened. I definitely have to give Take Profit credit.
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Check out the YouTube Membership on my Jered King Trading Channel
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This week’s funding discounts
Bulenox Trader Funding Discount
Here are the advantages of Bulenox Trading:
Pass the evaluation in as little as 5 days.
Keep 100% of the first $10,000 in profits.
Get your first payout after 10 trading days.
The payout structure is on point.
Bulenox Trader Funding Sale
Bulenox: 80% Off: Use the Code KING80
Option 1: Valid all of October
Option 1 accounts.
To get the discount, click the images or the button Below and use the coupon code too⬇️.
Apex Trader Funding Advantages:
We only need 7 trading days to complete the evaluation.
Two options after passing the evaluation (subscription or one-time payment)
2x payouts per month (15th and last day of the month)
New Apex Trader Funding Flash Sale
71% off all accounts Its a lifetime discount. For all of October
Plus, half off on resets: "No Code Needed."
Use the discount code "PROVEN50" to get 71% off all accounts.
To obtain a discount, click the image below or the button and use the Code👇👇
Take-Profit Trader
Here are the advantages of a take-profit trader:
Payouts when you want, how you want, from day 1
Now only need 5 days to pass the challenges
Unique wallet and dashboard
Tradingview and Rithmic platforms
40% off all accounts + no activation fee! Saves $130 Plus, you keep 100% Of your profits in October
Lifetime discount: That means if you let it get rebilled, the evaluation resets and the deal applies until you cancel or pass.
Use the discount code "KING" to get 40% off all accounts.
To get access to the discount, click the image below or the button also use the code👇👇⬇️.
TopStep Discounts:
Now accepting new members!
50K, 100K, and even 150K accounts are on sale.
150k price right now $149
100k price right now $99
50k price right now $49
Check out my new review of Topstep Trader.👇
I've got the picture and button to take you to the discount that is shown below.
Before, it took you too the TopStep home page but did not show the discount.
To get access to the discount, click the image below or the button also use the code👇👇⬇️.
Introduction: Are You Stuck in the Trader's Death Spiral?
Hey traders, have you ever found yourself in a never-ending cycle of changing strategies, losing money, and doubting your every move? Welcome to the Trader's Death Spiral. But don't worry; we're about to tackle this head-on and show you how to break free.
The Vicious Cycle: How the Death Spiral Works
Initial Success: You find a promising strategy and start off strong. You're on top of the world, thinking you've cracked the code.
Doubt Creeps In: A few losses later, you're not so sure. You start tweaking your strategy, hoping to stop the bleeding.
The Tweaking Trap: You keep changing things up, but all you're doing is eroding your confidence and messing with your consistency.
New Strategy, Same Problems: Eventually, you ditch your strategy for a new one, thinking it'll solve everything. Spoiler alert: it doesn't.
Rinse and repeat: You're back to square one, still not addressing the real issue—your approach and mindset.
The Real Culprit: It's Not About the Strategy
Here's the hard truth: the problem isn't your strategy; it's your mindset. The Death Spiral thrives on self-doubt, lack of discipline, and the endless search for the "holy grail" strategy.
Most traders go on chasing strategies believing it is the strategy that is the problem but in reality you're in denial the problem is you and your mental game
Breaking Free: How to Overcome the Death Spiral
Focus on Root Causes
Instead of jumping from one strategy to another, dig deep. Examine your risk management, emotional control, and discipline.
Master Execution
A perfect strategy is worthless without flawless execution. Stick to your rules and make adjustments based on data, not emotions.
Learn from Losses
Losses are tuition fees in the school of trading. Analyze them, learn from them, and use them to improve your future trades.
Conclusion: The Path to Sustainable Success
Remember, trading isn't about finding a foolproof strategy; it's about mastering a rule-based approach. Stay committed, learn from your setbacks, and keep honing your skills. That's how you break the cycle and set yourself up for long-term success.
If your interested in another trading newsletter check out Bullseye Trades.👇
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What I'm focused on improving
Over the last week or so, I have felt my discipline sliding so my focus on this week is to tighten up and start rebuilding the discipline, as I believe discipline is a muscle that you build over time by practicing self-control I will also be focusing on taking fewer trades and spending less time in front of the charts I hope this newsletter helps you guys and I will see you on Thursday Have a good week trading until then
Jered King