When I made my first $100k/month daytrading I started looking at trading differently.
I realized why 90% of traders don’t make it in this game.
Here’s a few things I learned: 👇
(1/12 )
You don’t need to aim to be a multimillionaire trader.
Fintwit makes it seem trading success only means making millions, which isn’t true.
I trade for freedom.
I don’t have to report to a boss, I work my own hours & have unlimited vacation days.
For me, that’s real wealth.
What is your goal with trading?
Something that helped me reach my goals faster was writing down EXACTLY what I wanted.
This way I was focused on 1 specific goal at a time.
My goal was freedom, which meant working my own hours, having no deadlines & being financially stable.
The #1 thing that helped me make $1,000,000 in trading was focusing on the 3 P’s.👇
What are the 3 P’s?
Process- Focus on creating a system and trading rules.
Progress- Journal your trades, notice patterns in your habits.
Profit- Size up after your progress matches process.
You Won’t Be A Profitable Trader Until You Watch This Video! (Probabilities in Trading) 🚨
In this video:
- How To Increase Your Win Rate📈
- Trading Psychology 🧠
- Risk/Reward Analysis 🎯
👍 if the video helps you!
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When I made my first $10k I wanted to make $100k next.
When I made my first $100k I wanted to make $1 million next.
We always want more in life therefore the money isn’t what’s the goal.
The goal is to have freedom, to live life the way you want, trading allows that.
You can make $100k Trading:
- Supply & Demand
- Inside Bar Play
- Flat Top Break
- Flags
Everything works with context.
Just figure out which one works best for YOU and stick with it.
Stop jumping around from strategy to strategy.
P.S-
If you want to see:
- Live Day Trading
- My Key Trading Setups
- Daily Trade Reviews
- & More Trading Education
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When I made my first $100k/month daytrading I started looking at trading differently.
I realized why 90% of traders don’t make it in this game.
Here’s a few things I learned: 👇
(1/12 )
In Conclusion,
Apply these concepts in your trading and I guarantee you will start looking at charts and trading in a different light.
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3.9) Stop Loss
If you watch my live trades on YouTube or if you were in my private room, you know my stop losses are tight.
This is because I try to buy as close to my stop as possible.
In my system I focus on super low risk trades with a high probability win rate.
3.5) Stop Loss
This was the WOST way to think.
Psychologically as humans we are wired to do things with the least risk.
We want confirmation, we want to safety.
It’s only human nature.
In trading you have to change this.
Buy as CLOSE to your stop loss as POSSIBLE.
3) Stop Loss
In the beginning I was so scared to enter trades.
I would never buy a stock on pullbacks, what if it keeps dipping?
I would say:
It’s too near my stop loss, I’ll most likely get stopped out and it might reverse after.
I’ll just wait for more confirmation.
2.9) Bias
For example let’s say you have a long bias on a stock & buy it at market open without watching price action.
The stock falls all day and you keep moving your stop loss because your ‘gut’ tells you too.
Well guess what, you just lost money all day on a ‘gut’ feeling.
2.5) Bias
If your a day trader, it’s important to chart and review after hours and pre market, yes.
This doesn’t mean you go into the session with a bias.
PRICE ACTION is #1 everything else falls after that.
2) Bias
Everyone in my YouTube comments or Twitter & Instagram DM’s is asking what way I think the market will trend tomorrow, next week, next month, etc.
I always respond the same way.
I don’t care and I don’t know.
I never go into a trading session with a bias.
1.9) Edge
This is why, when I teach my edge, I tell students understand why it works but don’t copy it.
It simply won’t work, what works is taking someone else’s edge and tailoring it to yourself with backtesting and real time executions.
It’s a long process, but doable.
1.5) Edge
You CAN’T copy someone else’s edge because they spent years making it.
You CAN understand their edge but applying it in real-time when markets are moving is VERY difficult due to your unique EI.
When I started day trading it was for the money.
I chased after P&L and lost.
Now I honestly could care less about the money and just want the nicest executions.
I treat it like a video game and always try to improve my executions and emotions to level up each day.
When I started day trading it was for the money.
I chased after P&L and lost.
Now I honestly could care less about the money and just want the nicest executions.
I treat it like a video game and always try to improve my executions and emotions to level up each day.
Stop comparing your growth to others.
Finding success in trading or business, everyone’s journey is different.
For some it may take 1 year for others it may take 5.
Focus on yourself:
- Stay Active
- Learn Daily
- Create Good Habits
Your only competition in this world is you.