6🔑 factors that you need to become a successful retail trader ⬇️🧵
1️⃣ Strong knowledge of the market: Strong knowledge on the traders tools, understanding of the financial market and the factors that influence the underlying price.
#LevelUpTogether#SPY $QQQ $SPX $TSLA $AAPL
6🔑 factors that you need to become a successful retail trader ⬇️🧵
1️⃣ Strong knowledge of the market: Strong knowledge on the traders tools, understanding of the financial market and the factors that influence the underlying price.
#LevelUpTogether#SPY $QQQ $SPX $TSLA $AAPL
6️⃣: Emotional control: A trader has to be able to control their emotions. Dealing with finances can be emotionally charged. Why a trader’s discipline is so important. Successful trader is able to control their emotions and avoid making impulsive decisions driven by fear or greed.
What type of day trader are you?
Identify what style and time of the market best fits your style.
Opening bell
Reversal
Breakout Momentum
Range
Closing bell
You need 1-2 of these styles matched up with 2-3 tickers $SPY $QQQ $IWM $IWM $SPX $SQQQ $AAPL $TSLA $MSFT $WMT 🧵👇🏽
Identify what type of trader you are.
What time of the market works best for you ?
You only need one or two of these 👇🏽 $SPY $QQQ $IWM $SPX $TSLA $AAPL $MSFT
Identify what type of trader you are.
What time of the market works best for you ?
You only need one or two of these 👇🏽 $SPY $QQQ $IWM $SPX $TSLA $AAPL $MSFT