All Posts by Karma Senge

The Case AGAINST Taking a Trade

Today my wife and I were discussing a class that was coming up at the local spiritual center that she wanted to go to.

It is all about the power of crystals and geodes.

In the class, the person leading it will be showing others which crystals to use for healing, which crystals to use for meditation, etc.

This led us to a conversation about what transpired about two months ago. 

I'll get to that in a second.

Now, I am not saying I believe in crystals for healing and all that stuff. 

But I do love crystals. 

I don't know why, but I have this urge to learn more and more about them and collect them whenever I see a really good one.

So this brings us to what happened a couple months ago.

There was this “Rock” show here in town, one of the biggest ones actually.

And we spent all day there.

Well, about 7 hours actually.

Yes I know I know….you are probably asking how in the world could we spend 7 hours in a place that people are selling ROCKS? 

Right?

Well, we did.

There was so many to look at. 

All types from Quartz to Opals to geodes.

Geodes are my favorite actually.

While we were there, I was on the hunt for a really fine geode.

I didn't even care what type it was.

I just knew I had to have one.

So I hunted….and waited…..and hunted some more. And waited some more.

Finally, we got all the way down to the end and there was a guy with a TON of different sized geodes.

And when I say a ton, I literally mean a metric ton of geode rocks.

But they were all uncut geodes.

The thing was, you had to pick which one you wanted, and then they would use a pipe cutter that had a chain on it, and they would “crack it” open for you.

So I again waited. 

Listening to the guy talk to others about which he thought were the best type to choose from etc.

In the end I picked one, had it cracked open and was amazed that I had gotten a good one. 

I only paid $40. But it turned out to be one that was worth a couple hundred.

My wife then chose one as well.

I paid only $25 for hers………..And it turned out to be a museum quality geode that would easily be worth $10,000.

That was insane how gorgeous this thing was.

So in 7 hours we went in, spent about $300 on rocks, and walked out with around $15k worth of gorgeous stones.

Now the point of all this if you haven't guessed by now is that you have to wait and wait and wait sometimes for the perfect thing (trade) you are after.

To many traders just want to push buttons and get into trades.

That's utter nonsense. Stop doing stupid things like that.Learn the Wait Trade and wait for the perfect opportunity to get in and out of the market.

There are many weeks I only place 1-2 trades. 

And others I might place ZERO.

And then there is the rare occasions I place more than 5.

But I always wait for the right one to come along. I don't NEED to be in the market.

And you shouldn't either.

If You are a button pusher, you shouldn't be in the market…period.

I have made millions in the markets with just a trade or two per week.

It is not the number of trades you take, but the quality.

If you want to learn more about finding the perfect trade setup and stop wasting time and money trying to figure all this stuff out on your own click the link below.

Here is the link:

https://karmasenge.com/inner-circle/

50 Shades of Karma

Recently, I got the low down on “50 Shades Of Gray”.

My wife said she read it, and how it’s basically about a guy dominating and controlling some chick.

Gotta admit, I was kinda turned on by that.

In a trading kinda way, of course. 😉

Here’s what I mean:

It reminded me of what having a really good plan of attack is like when it comes to the market.

If you:

– Have great trading education (where you have ALL the pieces of the puzzle),

– A good plan that has been tested

– And you stick to it…

– A fantastic money management system (not that stupid 2% rule BS)

– And a good head on your shoulders..

…you can dominate the market.

Without all of that, YOU will be the one that is dominated.

The market will kick you in the nuts, toss you off a cliff, pick you back up and stomp your face in.

Day in, and day out.

I am sure some of you reading this will know just how that feels.

I know I do.

And it is not a very nice feeling.

Trust me.

You know, I actually talked about all this in a recent email I sent to all my Inner Circle members where I outlined every single minute detail of what they need to do in order to rape money out of the markets.

If you join now, you might still be able to catch that email I sent out to them

Here is the link:

https://karmasenge.com/inner-circle/

69: Trading is HARD Freaking Work!

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Highlights:

  • Push button systems simply DON'T WORK!
  • Learn what it takes to really make it in trading.

Thanks for Listening!

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If you would like to support the show, please leave a 5-Star Review and an honest review for The Supercharge Your Trading Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. You might even hear your review talked about on one of the podcast episodes. 😉

Don’t forget to subscribe to the show on iTunes to get automatic while you are there as well. It’s free!

If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

And if you have any questions, please email me.

Until next time

Good Luck & Happy Trading!

 

Music by: Troyboi

68: Why You Don’t Need Indicators

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Highlights:

  • Beginners DON'T need indicators, here is why.
  • What you need instead of indicators.

Thanks for Listening!

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If you would like to support the show, please leave a 5-Star Review and an honest review for The Supercharge Your Trading Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. You might even hear your review talked about on one of the podcast episodes. 😉

Don’t forget to subscribe to the show on iTunes to get automatic while you are there as well. It’s free!

If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

And if you have any questions, please email me.

Until next time

Good Luck & Happy Trading!

 

Music by: Troyboi

67: The #1 Character Trait You NEED To Have If You Want To Be A Successful Trader!

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Highlights:

  • FREE Forex Trading Webinar!

Thanks for Listening!

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If you would like to support the show, please leave a 5-Star Review and an honest review for The Supercharge Your Trading Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. You might even hear your review talked about on one of the podcast episodes. 😉

Don’t forget to subscribe to the show on iTunes to get automatic while you are there as well. It’s free!

If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

And if you have any questions, please email me.

Until next time

Good Luck & Happy Trading!

 

Music by: Troyboi

66: Why I Review My Previous Trades

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Highlights:

  • Learn the #1 Reason Journaling can save your trading account.
  • What journaling is BESIDES gathering data points.
  • How waking up 30 minutes later effects my trades.

Thanks for Listening!

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If you would like to support the show, please leave a 5-Star Review and an honest review for The Supercharge Your Trading Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. You might even hear your review talked about on one of the podcast episodes. 😉

Don’t forget to subscribe to the show on iTunes to get automatic while you are there as well. It’s free!

If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

And if you have any questions, please email me.

Until next time

Good Luck & Happy Trading!

 

Music by: Troyboi

65: A Great Indicator for Trend Trading

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Highlights:

  • Learn How easy it is to trade trends with this indicator.
  • Why this indicator

Thanks for Listening!

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If you would like to support the show, please leave a 5-Star Review and an honest review for The Supercharge Your Trading Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. You might even hear your review talked about on one of the podcast episodes. 😉

Don’t forget to subscribe to the show on iTunes to get automatic while you are there as well. It’s free!

If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

And if you have any questions, please email me.

Until next time

Good Luck & Happy Trading!

 

Music by: Troyboi

64: The Most Important Aspect of Technical Analysis

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Highlights:

  • Learn What I didn't know even after 2 years of trading
  • WHY this is the most overlooked aspect of Technical Analysis
  • Found out what you need to learn now.

Thanks for Listening!

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If you would like to support the show, please leave a 5-Star Review and an honest review for The Supercharge Your Trading Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. You might even hear your review talked about on one of the podcast episodes. 😉

Don’t forget to subscribe to the show on iTunes to get automatic while you are there as well. It’s free!

If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

And if you have any questions, please email me.

Until next time

Good Luck & Happy Trading!

 

Music by: Troyboi

63: One of The Greatest Tools I Use

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Highlights:

  • What I use to keep track of EVERYTHING.
  • Why having a daily planner is so important to your success.
  • How I use my planner.

Thanks for Listening!

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If you would like to support the show, please leave a 5-Star Review and an honest review for The Supercharge Your Trading Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. You might even hear your review talked about on one of the podcast episodes. 😉

Don’t forget to subscribe to the show on iTunes to get automatic while you are there as well. It’s free!

If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

And if you have any questions, please email me.

Until next time

Good Luck & Happy Trading!

 

Music by: Troyboi

62: The Only 2 Reasons You Should Be Demo Trading

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Highlights:

  • Why more than 2 months of demo trading is a waist of time.
  • The psychological connection between demo accounts and live accounts.
  • How the trading “Guru's” will hate this podcast.
  • The #1 thing you must do FLAWLESSLY!

Thanks for Listening!

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If you would like to support the show, please leave a 5-Star Review and an honest review for The Supercharge Your Trading Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. You might even hear your review talked about on one of the podcast episodes. 😉

Don’t forget to subscribe to the show on iTunes to get automatic while you are there as well. It’s free!

If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

And if you have any questions, please email me.

Until next time

Good Luck & Happy Trading!

 

Music by: Troyboi

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