Everyone has a life journey that he can be proud of when he has done it with all the best efforts. In this article, I will share with you my Olymp Trade trading journey: “Burn money to make money”.
I would like to quote a good saying from the “The Alchemist” book, which motivated me to reach the end of the journey. I think it will also help motivate you to get to the destination. “When you want something, all the universe conspires in helping you to achieve it”. Now let’s go through my journey.
The journey to start trading in Olymp Trade
Because of my curiosity, I often enjoy listening to and reading other people’s money-making stories. It’s especially the story of making money online in the 4.0 era. Foreseeing that mentality, Olymp Trade has told modern fairy tales in an attractive way. It made everyone (including myself) believe it was real (so far, I know it’s just a story from someone’s imagination) to evoke the curiosity of the modern money-making believers.
Most importantly, it gives them a belief that they will be the next main character who is capable of immortality in every game. Starting my Olymp Trade journey is as simple as that.
The illusion of “learning” to trade in Olymp Trade
New knowledge is what makes money in all fields. It is considered from my point of view, a guy who has had life experience from 3 times working in 3 different companies.
I spent much time learning trading knowledge on reputable websites. Technical indicators are the first thing I come into contact with when reading the sharing of a blogger named K. He reviewed an effective money-making strategy with the Bollinger Bands indicator for EUR/USD between 9 am and 11 pm during the day. I was like discovering a new money-making recipe and starting testing it on a Demo account.
I practiced the right strategy, the right process but did not have the patience required of a real trader. I only analyzed the strategy within 3 trading orders (60s) and then immediately concluded that this strategy offered a 100% win rate when there were only 3 profitable orders.
Trade with real money in Olymp Trade
Before the actual battle with the secret of “getting rich” I just learned, I was restless and unable to sleep. I only hoped that the time would pass quickly so I could make money. The results were more successful than I expected. From the initial $100, I won $300 straightly. I placed my first withdrawal of $300 with a profit of $200 in Olymp Trade. That was such an unforgettable memory.
Ting-ting! A few hours after placing my withdrawal request, my account balance increased by $300. Making $200 fast within 2 hours made me dream that the path to financial freedom was not far away.
After leaving work that afternoon, I decided to treat my colleagues to a big feast. The budget was from that profit of $200. This was considered a farewell party to the days in which my financial situation was only based on the meager monthly salary (Thinking over, the thought on that day was really ridiculous).
A foreseen death
We can call it suiciding, burning, or destroying money, whatever we want. This is because my results were almost the same but in a different way. Instead of keeping the money to spend, I gave it back to the “broker”. The word “burning” sounds good and implies foolishness so I like to use this word to describe the loss of money in Olymp Trade.
The next day, the $300 including both capital and profits from the previous day “evaporated” within 30 minutes. I reassured myself that it was just a minor accident, so I kept recharging another $300 to get the lost money back. Unexpectedly, $600 went from my pocket to the broker quickly within 2 hours. Trying to get back what was lost but then I lost all that I had. That was such a headache.
I used my last $600 to deposit to get back the lost money before. The results were no different from previous times. Eventually, I “burned” 1.5 times of my monthly salary within less than 24 hours. It was such a terrible and unforgettable memory.
Continue the journey of learning to trade in Olymp Trade after “going bankrupt”
It’s a shame when my colleagues asked me about the investing situation in Olymp Trade. The path to financial freedom was now further than ever but I was afraid of being scolded if I spoke out. I didn’t dare to continue because it was the first time I lost so much money in such a short time.
I tried every way to contact the blogger named K to ask why I lost. The answer is extremely simple. The 60s order is not for beginners. Emotions are the main cause. I learn from him that all new people are just like me. The 60s order is like a path that everyone must go through when participating in Olymp Trade trading. It is like the compulsory tuition that every member has to pay. But then, continuing or quitting is individually decided by each individual.
The lesson of trading short-term orders at $1200 (which was like suiciding) was too expensive for me. To survive, you either have to open long-term orders (5 minutes or above) or have to give up. However, most people don’t like those two options. They continue to choose 1-minute orders as a habit that then lead to financial exhaustion.
At this point, I begin to understand what the reason for losing money is. Simply put, we lose money because we are noobs, no more.
Change to survive in Olymp Trade
It is surely possible but you need to change your trading system. Because if you do not change, you will only get the same result as before. Don’t expect immediate profits. You will have to experience a maturing process via trading. It will include 3 specific stages as follows: loss -> less loss -> profit. For me, from losses to profits took me 2 years of studying and learning. First of all, it is important to win over yourself (this is also what many trading websites say).
Don’t think that making money from Olymp Trade is easy. In fact, it takes a lot more effort than any other job. Also, from trading, you will learn more about how to be patient. This is not something you can achieve when spending money, but you will gradually learn when “burning money”. If you are impatient, the money will go from your pocket to the pockets of the more patient people.
Do not focus too much on profits because everything you learn from trading helps your daily life become better. Just feel it.
As experiencing Olymp Trade, no matter if it is a memorable or forgettable journey, it is no longer important. Reconsider what you have learned from those failures. This will help you improve your life day by day. Profits will be a reward for those who know how to perfect themselves in the best way. Wish you all to complete your own journey in the best possible way.