My Testimony- From Failure to Success!
By Chad Browne
Moving Forward Is A Journey Not A Quick Race
I want to testify about my journey of trading experience and when I say trading, I am speaking about Wall Street where people buy or sell based on the day-to-day speculations of prices moving in the stock market. I have been trading on the Stock Market For the past 4 years. The idea of trading real money to get an exponential return of profits and be financially free had me on day 1. I was introduced to trading stocks by a friend who showed me that it is easy and boy was this concept very wrong.
Paul, the Apostle, warns us in 1 Corinthians 9:24-27:
24 “Do you not know that in a race all the runners run, but only one receives the prize? So run that you may obtain it. 25 Every athlete exercises self-control in all things. They do it to receive a perishable wreath, but we an imperishable. 26 So I do not run aimlessly; I do not box as one beating the air. 27 But I discipline my body and keep it under control, lest after preaching to others I should be disqualified.”
The Consistent Failures and Lessons Learnt
At first, after attending a conference to learn about trading, I believed that trading was easy. However, I did not understand everything there is to be profitable in my trading experience. I rushed home and as soon as I look at the market I did what I saw at the conference and made some money. However, I was not consistent in the process, lacked knowledge about having a trading system, using proper risk management tools and a defined trading plan to help me practise effective trading habits that would make me properly profitable by consistently following the same steps of trading daily. The process of finding a trading system or building a trading system took me 2 years of trial and error to figure out. I had no help then so I just kept losing money; I traded with real money by trial and error for a year. It is at this point, that I reached out to a friend that knows about trading for help and he constantly explained to me what I was doing wrong, where I was, and where I needed to be. I tried my best because it was clear that I really needed a trading system. So, I began my search on YouTube for a trading idea that I could build into a trading system that I would incorporate into the same trading plan that I intended to create. My plan was to follow this deal and hopefully have the potential to make a consistent profit every month.
Aha Moment
I went on YouTube to find a trading idea using the technical indicators that would lead to defining a training system, which I now call RippleWave. This was created on December 5th, 2021. When the system was created I tested this for one year using simulated trading data, I mean I would go back into the historical price movement of a particular financial instrument and then simulate the day-to-day activity of using the newly discovered system with the rules to enter a trade, rules to exit a trade, proper risk management and the emotions that came along with trading. Although the test results showed that I should be profitable, I was not profitable until July 2022 when I was funded with a 2k Account through a company called My Forex Funds that allows traders to get instant funding with the hopes to grow money and I would get paid. I also gained a 10K funded account and got money for my trading for year 3. I consistently got 3 months of gain before blowing the account. Through this process, I have consistently blown so many accounts that most would say, “Why doesn’t Chad stop and get a real Job?
Still failing but wait for it…
“For though the righteous fall seven times, they rise again, but the wicked stumble when calamity strikes.” Proverbs 24:16
After that, I sought to get back to funding and in December, I tried another company to get access to real money. I also tried My Forex Fund’s evaluation account but with a bigger account size. I attempted a 50 K Account. In evaluation, the company would test you to see if you can hit a target within certain days before giving you money to show them that you can do it consistently. I failed this process four times with 50K before recently smashing the goal for the first time in 4 days from December 13th to December 16th, 2022. Occasionally, I wanted to give up, but the Lord gave me the money to get restarted almost immediately and my dad kept me going and going. The biggest issue I have was not the system but my belief that I can and I was trying to figure it out myself while trading the system. I wanted to do it my way but God’s way is better. For example, my way would be to trade outside of the rules of my trading plan and system which tells me when to enter and exit. Risk outside of risk management to hit the goal in one day. However, by exercising patience I would be successful.
I first passed stages 1, 4 times so far, presently I have passed 5 times. It took a long time to get started, 22 Days in total but now I can do it in 4 Days. Even if I don’t get the stage 2 pass in 5 days as I did in July; I believe now after not giving up that I am on my way to success. My encouragement to anyone who wants to try something difficult is not to be afraid to fail because you will learn lessons from the failure and eventually when you correct these mistakes and let God propel your efforts, in faith, you will succeed.