My trading skills improved significantly once I started teaching.
Reason being is I focused on the basics. I focused on students help them get the basics down.
What are the basics ?
Keeping losses small. Thatโs it. That is the core fundamental of trading.
One of the most important things to keep in mind as Trader is never loose the sight of the $ value in which you are profiting. $100 in 5 mins is amazing
$400 on the day is equivalent to someone making over $100k a year.
Chasing bigger numbers when you know you aren't quite worth that will eventually bite you in the ass. Play it safe for a couple years and build the cushion that will take you to the next level. Stop trying to go 0-100
Build a 2 year plan after noticing you are being more consistent. Chase the profit amount in which you see more consistency with. Scale up slowly. Last but not least execute that plan. Someone shooting for $400 a day can end the year far more profitable than the trader who shoots for homeruns.
The process of learning how to really trade
Especially for a person who has been in Trading for more than 2 years without any tangible progress is one of the most difficult mental processes ever
One must really prepare himself mentally to learn , meaning letting go of his toxic trading approaches and believes
Don't over leverage on you trades
Slow motion is better than no motion
Build your finances $1 at a time
Don't rush your come up
Let it come to you , let it be the reflection of your time invested in studying the craft
2021- I was risking 50$ per trade
2022(Jan)-150$ per trade
2022(Nov)-250$ per trade
2023(September) -500$ per trade
Now with 2r i can make 1500$ per trade
which was my 2 weeks pay + overtime.
Thats how gradually trading changes your life if you are patient enough.
Im proud of myself for never quitting,for never rushing the process.
:)
No money, no trading success.
You win every month, but your account is too small.
+2%.
+4%.
+6%.
But it's still not enough to pay bills, rent and other stuff.
The size of your account matters:
- 2% on a $1,000 trading account is $20.
- 2% on a $10,000 trading account is $200.
- 2% on a $100,000 trading account is $2,000.
- 2% on a $1,000,000 trading account is $20,000.
That's why most traders take big risks.
That's why most traders blow trading accounts.
If you have small accounts:
- Stop focusing on money
- Start focusing on risk and execution
- Start focusing on accumulating positive gains
- Start focusing on building confidence to improve your trading skills
After 1-2 years of positive performances you will have plenty of opportunities to get more money:
- Prop firms
- Increase your account
- Trading on commission
- Raising external capital
If you're good at trading, nothing can stop you.
Trading sets you free.
Keep going.
Risk management is your shield ๐ก๏ธ
Once you push that execution button youโve no control of the market and that is why itโs good to develop a calm
State of Mind when on a trade.
9-5 jobs
Year 1 = ๐ต๐ต๐ต
Year 2 = ๐ต๐ต๐ต
Year 3 = ๐ต๐ต๐ต๐ต
Year 4 = ๐ต๐ต๐ต๐ต
Year 5 = ๐ต๐ต๐ต๐ต๐ต
Trading
Year 1 =
Year 2 =
Year 3 = ๐ต
Year 4 = ๐ต๐ต๐ต๐ต๐ต
Year 5 = ๐ต๐ต๐ต๐ต๐ต๐ต๐ต๐ต๐ต๐ต๐ต๐ต๐ต๐ต๐ต๐ต๐ต๐ต๐ต
Don't give up at the first failure.
You can never ever overleverage your way to wealth, I tried it and lost half my money I spent a year building.
Consistency manifests through developing rigid routines to curb your ego and emotions. Even for the โinstitutional folksโ
2020 when I lost half my portfolio in a 5min candle I was questioning my journey and was frustrated af. I cried that night.
That was two years ago, look where we at now.
Donโt ever give in to the system. You must beat it
Becoming a successful trader is going to be one of the hardest things you have ever faced
It's gonna take everything you got.. and then some
BUT, I want you to remember this quote...
"The best view comes after the hardest climb"
Don't give up keep hustlin you got this ๐ช
If you have a skill and a proven track record of empecible risk management, people will fund you.
They aren't interested in home run Harry who wants to trade max lot size for maximum dopamine.
It all goes back to "patience".
Business is hard, Trading is hard
Being broke is hard, getting rich is hard
Lifes hard, mise well chose the right hard so you can have a meaningful life out of it ๐๐