We Will Never Stop! We Will Never Give Up!

Hi everyone👋💝☀️
Happy Thursday🙂

Today was horrible or I’d better call it a “black” day for the economy of the United States. Some strong news such as “CPI m/m”, “CPI y/y” and “Core CPI m/m” released at 8:30am EST. They reflected lots of more inflation in September, compared to August. Besides, as CPI is the price that consumers pay, not the finished production price for suppliers, it means consumers are not directly receiving the products and services they need, and some others are adding to the final price that consumers pay. This means uncontrolled markets and unhealthy distribution of products. In other words, it means economic corruption.

It scared the stock market’s big players and they sold. As a result the price crashed very strongly at 8:30am EST. Although the market recovered the big loss within the next several hours after the news release, strong inflation can keep the American stock market bearish for such a long time.

Before you read the rest of this article, submit your email, not to miss the messages that nobody can afford to miss:

Today, I lost 5.86% in two positions. I should have stopped taking positions after the first loss, which is what I promised to attendees of our today day-trading meeting. However, as we have just started our day-trading program and we are in the early steps of our learning process, I break my own rules sometimes, just to take more positions for the purpose of training and using the trade setups. However, I really need to stick to my own style which is a lot more conservative than this. Of course the second position was correct, and the market went up very strongly for tens of dollars (it is still going up). However, it barely went down before it went up and broke above the resistance level, and so it triggered my stop loss.

There’s something that no trader can afford to forget. The markets have always been and will always remain unpredictable. Those who try to overanalyze and push themselves to take some positions every day, will lose.

The other thing is, if you see you are in a losing mode that has caused you to lose your balance and you are losing more, one solution is to stop trading for a few days or one week. The markets change all the time, and so, sometimes your strategy cannot make profit for you. If it continues, then you need to fine-tune your strategy based on the markets’ new conditions. The basics (technical analysis) never change. But the entry, stop loss and take profit (position management) need to be modified and fine-tuned sometimes, which is what I have already worked on, and I will apply the changes from tomorrow. So, the members of The LuckScout Club will see some new things tomorrow, that they hadn’t seen before. As usual, I have simplified the process and made it even easier for the members to get in and set their stop loss and target orders. Above all, I have made our losses smaller and gains bigger. I cannot take no action and just witness that the choppy and crazy market that the current economic conditions have built make us lose over and over, and make us unable to achieve our goal, which is turning our $500 accounts into $1 million after 29 months or so. We will do this at whatever it takes, and nothing can stop us, even the markets. Each and every one of our members should become able to do this 😠

What a professional and consistent trader never forgets is, trading is a long-term business. It is not a get-rich-quick scheme. So, losing on one day, week or even having a losing month can never stop professionals. They fine-tune, refresh and restart 🙂

The LuckScout Community members have just started a long-term profitable business that enables them to achieve financial freedom for them. Nothing can stop us from doing this. Start now. To learn how our system works, please read the posts below:

I love you all💝

Best regards,

Please see the attached screenshot:

Categorized as Trading

By Vahid Chaychi

Vahid Chaychi is an experienced web developer and internet marketer since 2002. He has been able to become the top seller/earner and affiliate with several different companies. He has launched his own affiliate programs as well. He is a blogging and WordPress expert with lots of enthusiasm in blogging and vlogging to share his knowledge and experiences. He is also a serious Kyokushin Karate warrior and a good snowboarder. Follow him if you like to become a financially free online entrepreneur.

5 2 votes
Article Rating
Notify of
Oldest Most Voted
Inline Feedbacks
View all comments
Ameril Villa
1 month ago

A brave soldier is getting more braver when his wounded… thank you Vahid for being a courageous Commander..

Charles Mensah
1 month ago

Vahid, thanks for the update on today’s trade and the information/learning.

Tore Berg
1 month ago

Thank you Vahid for this week of learning. Lots to learn, but it is a real joy. The two biggest thing I have learned so far is. 1. Be disciplined 2. Be patient

Kevin Goodman
1 month ago

Another excellent article! I will take some time over the next 2 days to review the recordings so far. The is so much to learn!
Many thanks

Nancy Milan
Nancy Milan
1 month ago

Thank you, Vahid for such an important article.

Chukwudi Louis Utazi
1 month ago

I love your pragmatic nature of addressing issues.
You just don’t mention or dictate the fault but you as well give the solutions and the way forward.
Thanks once again for making it available these wealth of knowledge to us all.

Jay Bezanson
1 month ago

I am sorry I had to miss this meeting as I had an appointment that I could not reschedul. However I will definitely watch the recording. Thank you for all of the insight that you have offered, personally I have found it extremely valuable and am learning a lot.

Sandra Riyano
1 month ago

Thank you Vahid for your honesty. Though l am yet to get a grip of this trading thing l have learnt a good lesson, don’t take chances if the market is volatile.

Ronnie Ho
1 month ago

The markets are very choppy and unstable at the moment due all that’s happening around the world it is very encouraging your tenacity to confront the adverse conditions with alternative strategies in order to educate the member of the Luckascout Club. I am not part of the Club but your report is so clear and powerful that looking in from the outside is like in the trading room.

Mokete Mabatla
1 month ago

This is an important information and also a stepping stone to become successful trader some day. Thank you Vahid.

Andrew Harman
1 month ago

Thanks again vahid for showing us that even though you have created a system that you trustand believe in can move against you in a blink of an eye which proves the stop loss is probably the most important factor of the process thanks andy

Ovie Peter
1 month ago

Mr. Vahid , you are good and excellent. Luckscout has became our business, we will take it very seriously. And we will never stop or give up. God Almighty will be our strength.

Myriam Pierre
1 month ago

I am grateful for this advice. Lime those business opportunities state too, it’s about rinsing and repeating. The world stock markets may be in a tailspin right now, but why wait? There have and will never be any perfect trading conditions, like there is no perfect weather conditions for any outdoor activities. Lots of experienced traders have always been aware that no matter what, just don’t jump ship. It works to keep on trying and NEVER giving up. That’s what success is about.

Mercie Salima
1 month ago

This is vsluable lessons for us. Its vital thst we understand the effect of every decisions we make and that breaking your rules will cost us dearly

Funke Adebayo
1 month ago

Thank you for the information and update. Hope to learn a lot from you.

Joshua Chan
1 month ago

Thanks for the valuable lesson…
I will keep in my mind..even a high skilled and strong strategy also experienced person can not beat the market..because the market is always right…
I believe behind the market there is someone or company who could controll the market to make it going up or down..as they wish. for example George Sorros..or others…
One man Said’ the Rich becomes richer and the poor becomes more suffer..you know what I mean…If I could be the man who could control the market…you have no idea how Rich I am??..
So one thing I got a lesson from the articles is never trade the news or before the news by set pending orders…buy or sell…
and the second is.. never trade in choppy market…
This I learned from Vahid..he is the best Mentor I have..

Keith Cadette
1 month ago

Thanks again for sharing these experiences which is vital information if we are to become successful traders. We are being well served because of your deep knowledge and experience. I am eager to start trading and hope to be selected to participate soon.

Mary Pendergest
1 month ago

Thank you Vahid for your thoroughness, honesty, and willingness to teach us the way. I am beyond appreciative. I understand the importance of not over analyzing, and to get out when a loosing streak happens. Looking forward to learning new things tomorrow.

David Newton
1 month ago

Thanks for sharing this reflection and keen insight on the trends and troubles of the market. I especially like that you have a strategy and you strongly impress us to stick to it with consistent fervor. We are learning much it is of inestimable worth. Every blessing Vahid. Every blessing.

Carl Rukavina
1 month ago

Once again, you have done an excellent job in illustrating the realities of this business. You explained some of the background for current economic conditions, and the affects of negative economic news on the markets. You provided a clear example of being a disciplined trader, and the effects of straying from a trading plan. Great and valuable lessons for current and future reference.

Mercie Salima
Reply to  Carl Rukavina
1 month ago

Well said Carl. Perfect analysis

Judy Sovran
1 month ago

Thanks so much Vahid for the lesson today. I placed a trade on my demo account. I had issues with trying to enter the SL and Tp, however I only lost a few cents as I closed manually shortly after you did. I just have to keep practicing, which you give us the opportunity to do. So blessed to be part of your group. Thank you!!!

Ramin Gerami
1 month ago

Hi Vahid, It was my first session, and I learned a lot, and like always you have given us great tips to follow.
May God bless you and your family.

Alex Amakom
1 month ago

Thank again Vahid. We will never give up, nor ever surrender. We will keep on keeping on until we start seeing positive results. Everyone can see that the U.S. is not doing well now and this is affecting the market. We appreciate the efforts you’re making to make us understand the various conditions under which the market operates. Nobody will teach us all this for free.

Faraneh Alipour
1 month ago

For me as a beginner doesn’t matter 2% loss or benefit for now but the information you provided worth thousands of thousand.
Thank you so much Vahid.

David Lozinski
1 month ago

Thankfully I placed a sell order a minute or two before the big drop… I saw signs on the chart and wagered the risk. Paid off big. Then just had to walk away and not let it go to my head.

Ghan Shyam Bhattarai
1 month ago

I just want to say thank you Vahid for everything about trading you are teaching to us.

Nikola Drca
1 month ago

Getting over our emotions and sticking strictly to a plan after a loss is a MUST for anyone navigating these waters.
There is no doubt that we can do it!

Jean-joyce Goedsir
1 month ago

That was a great explanation Vahid, I am glad you break your own rules so we can learn not do the same mistake as a novist trader, your prediction on the second trade was so precise however your stop loss got triggered and the market retrace the whole lost from the CPI news release. Looking forward for the new method tonight thanks so much again Vahid..

Funke Adebayo
Reply to  Jean-joyce Goedsir
1 month ago

Thanks for the vital information. I hope to learn more here. I love this community.

Would love your thoughts, please comment.x

New Report