Traders if you want to perform 10x better than 98% of other traders, read this:
1/11
1/11
Successful trading requires you to master the 3 Pillars Of Trading
1. Strategy
2. Risk Management
3. Psychology
Miss one of these and everything will crumble...
2/11
1. Strategy
2. Risk Management
3. Psychology
Miss one of these and everything will crumble...
2/11
If I had to break it down I'd say:
Strategy is 10%
Risk is 20%
Psychology is 70%
3/11
Strategy is 10%
Risk is 20%
Psychology is 70%
3/11
Strategy:
You need an edge so you MUST:
- Research
- Backtest
- Forward Test
You have to verify it works!
4/11
You need an edge so you MUST:
- Research
- Backtest
- Forward Test
You have to verify it works!
4/11
Risk Management:
Manage risk this way you'll have:
- Small Losses
- Big Wins
Instead of:
- Small Wins
- Big Losses
5/11
Manage risk this way you'll have:
- Small Losses
- Big Wins
Instead of:
- Small Wins
- Big Losses
5/11
Psychology:
If you want to be able to:
* Follow the plan
* Not self-sabotage
* Remain cool under pressure
You need to work on your mindset.
Or the previous pillars become useless.
6/11
If you want to be able to:
* Follow the plan
* Not self-sabotage
* Remain cool under pressure
You need to work on your mindset.
Or the previous pillars become useless.
6/11
Most traders are focusing on the wrong things, they think adding:
More indicators
More monitors
More strategies
And they think this will fix their trading.
7/11
More indicators
More monitors
More strategies
And they think this will fix their trading.
7/11
The real reason their trading is failing is that
one of the 3 pillars is weak and needs strengthening.
8/11
one of the 3 pillars is weak and needs strengthening.
8/11
Focus on the 3 pillars.
1. Use a strategy to have an edge.
2. Use risk to stay in the game.
3. Use psychology to play forever.
9/11
1. Use a strategy to have an edge.
2. Use risk to stay in the game.
3. Use psychology to play forever.
9/11
If you enjoyed this and would like to learn some more then join up to my weekly newsletter where I go into much more on the ins and outs of trading successfully.
Click here: thedivergenttrader.com
Click here: thedivergenttrader.com
Thank you for taking the time to read and I hope you enjoyed this thread, if you did please:
1. Follow me (@TraderDivergent) for more
2. Retweet the 1st tweet below to share this thread
3. Have a great day
11/11
1. Follow me (@TraderDivergent) for more
2. Retweet the 1st tweet below to share this thread
3. Have a great day
11/11
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