Pro trading tip:
Don't set your stops just below support because the market could easily reach for it.
Instead, set it a distance away from support.
This way, it's harder for the market to reach it.
And if it does, support is likely invalidated and you should cut your loss.
Trading is the hardest easiest money you'll make.
It's a challenging journey full of ups and downs, but the rewards can be lifechanging if you stick with it.
To succeed in trading, you need to embrace the struggle, learn from your mistakes, and keep pushing forward.
You would ask yourself, "Why did I enter into trading? Why am I causing myself to be emotional and depressed over losing money, making bad decisions, etc"
Keep going my friend, have faith and trust the process!
It is not easy and the path to success is rocky but rewarding!
You’re up +25% on an play and you don’t lock in profit
Next thing you know the trade is down -15%
You hold hoping it will reverse and now you’re down -40%… -50%
You average down still hoping for the reversal..now you’re down -80%
TAKE PROFITS STOP WAITING FOR HOMERUNS
$SPY
If you want to become more profitable as a trader, remember - the market rewards patience.
Patience to wait for a set-up
Patience to allow the trade to work
Patience to learn from mistakes
Patience in trusting the process
Don’t let impatience be the reason you can’t succeed.
With market
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First you learn how to predict direction
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The hard thing is executing
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If you can predict, but can’t execute timing, you’re so so close to being a beast just keep working
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On the other hand tho if you can’t predict, if price just always goes wrong way, you need to learn predicting first..
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1st it’s prediction 2nd is execution..
#inpire
99% of these premiums no matter what it is puts/calls
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All expiring with a big fat 0
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Do you realize how pin point you have to be to hold and be profitable ?
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Start taking profits!!!
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This market is out the fuck everyone
Just because you are on a winning streak, it does not give you the reason to lose discipline!
Stick to your trading plan! Control your emotions and greed, and make sure to have risk management as a top priority!
Did you know Instead of halfporting/fullporting trying to make 50/100%+ a day seeing Green Day’s then eventually wiping them all away
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You can make 10% a day on 20% of your capital which is 2% daily
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In just 180 days you’ll have +5,500%
From your starting investment
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Just 6 months.. how bad do you wanna change your life ? Can you make the temporarily sacrifice in holding yourself back from any bad decisions and just consistency making 2%+ a day ? How hard is it !!!
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All you need is the boost, move smarter, then life is changed forever
Don't underestimate that 100 gain per trade day!
100 per trade day = min. 2000 per month = min. 24,000 per year
You don't have to gain big per trade day. Just stay discipline and control your greed!
If you can't even consistently profit for 50 to 100 per trade day, what makes you think you can profit for hundreds or thousands per trade day?
DO NOT BE 'TRAPPED' BY THOSE HIGH GAINS TWEETS OR PHOTOS POSTED BY FURUs!
Starts small, learn, be patient, and discipline!
To wait for your setups you need patience
To execute your trades you need discipline
To win your trades you need confidence
Control your emotions through it all and you’ll become a successful trader
$SPY
There are 5 possible outcomes for your trade:
1. Breakeven
2. Small win
3. Small loss
4. Big win
5. Big loss
Eliminate #5 and you’ve just taken a big step forward.