Trading took me 4 years before I found my groove!
Here are 10 lessons I learned the hard way (so you don't have to):
1. A Strategy Needs To Fit You.
Take courses, read books, and use the templates for success but in the end, that’s all they are ‘templates’’ you have to adapt them in a way that you can trade that is maximized to your strengths
2. Risk Is Key.
In the beginning, if you can learn the importance of risk it will be your best friend.
You will be able to survive the learning curve and thrive when you’ve got it all down.
As well as damaging your mental capital.
Trust me, get this one thing down early on and it will set you up for success.
3. You Need A Powerful Routine.
My number 1 thing that helped me was creating a routine that was optimized to me so I could be prepared, focused and calm going into the markets.
I have a checklist of things I need to do before trading like review plan, check news, exercise, replay my goals etc and a post routine to remove stress and to review/improve for the next day.
I also made sure I only trade certain hours to avoid burnout and also to trade at my best
4. Set Goals.
Having something to aim for is what keeps you going in the beginning and to sustain success.
Without goals you just hit a plateau and then end up going backwards.
5. Always Be The Student.
One thing I always do is invest in learning and education.
If you think you’ve made it and you don’t need to learn anymore then that’s a big red flag.
To be great you need to have a hunger for growth.
6. Journal EVERYTHING.
What gets measured gets managed.
This includes metrics, mark ups and emotions.
The amount of growth I have had would never have been possible if I didn’t do this.
95% don’t do it.
I know I put it off for a long time.
I wish I started earlier tbh.
7. Find One Way, Stick To It And Evolve.
Instead of spreading your focus with too many strategies if you focus on just ONE you will learn to become a master at that and evolve overtime.
I have multiple different variations and methods but they all stem from one concept so technically I trade different systems but they are all the same. Lol.
8. Focus on ONE mistake at a time.
Again narrow your focus, when you make a mistake or notice a trigger in your trading just hone in on fixing that.
You will have a far better chance of fixing it than if you try to fix multiple things at one time.
9. Focus On The Process.
Don’t get caught u with thinking about the money it's the number 1 way to lose it.
Instead just focus on taking one good trade at a time. The rest will fall into place if you do.
10. Make Friends With Patience.
You don’t have to trade everyday. I have gone days, weeks and even months without trading.
If your A+ setup doesn’t present don’t waste your time with it. Save your capital and confidence.
That’s a wrap!
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Cheers!
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First, the EU tried to stop me from having an online conversation with President @realDonaldTrump.
Now, they want to prevent people from hearing a conversation with @Alice_Weidel, who might be the next Chancellor of Germany.
These guys really hate democracy!!
BREAKING: Kentucky voting machines are REFUSING to let voters select Donald Trump’s name, automatically selecting Kamala Harris instead. https://t.co/iAayuxKEnG
The best traders are patient.
They know when to stay out of the market.
Losing traders are short-sighted and impulsive.
They desperately seek action even when the conditions aren't right
Choose the right time of the day to trade. That's when those fast opportunities appear
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Hunt it EVERYWHERE! Check KOL posts, comments... or maybe it's on the moon
💡 If you’ve got the link — spread it to the world
Very few Americans realize that, if Trump is NOT elected, this will be the last election. Far from being a threat to democracy, he is the only way to save it!
Let me explain: if even 1 in 20 illegals become citizens per year, something that the Democrats are expediting as fast as humanly possible, that would be about 2 million new legal voters in 4 years.
The voting margin in the swing states is often less than 20 thousand votes. That means if the “Democratic” Party succeeds, there will be no more swing states!!
Moreover, the Biden/Harris administration has been flying “asylum seekers”, who are fast-tracked to citizenship, directly into swing states like Pennsylvania, Ohio, Wisconsin and Arizona. It is a surefire way to win every election.
America then becomes a one-party state and Democracy is over. The only “elections” will be the Democratic Party primaries. This already happened in California many years ago, following the 1986 amnesty.
The only thing holding California back from extreme socialism and suffocating government policies is that people can leave California and still remain in America. Once the whole country is controlled by one party, there will be no escape.
Everywhere in America will be like the nightmare that is downtown San Francisco.
US Gas Prices have moved down to $3.22 per gallon (national average) from $3.88/gallon a year ago (a 17% decline). This trend will likely help push down headline CPI down further in September to around 2.3% (from 2.5% in August).