Rattibha

When I made my first $100k/month daytrading I started looking at trading differently.
I realized why 90% of traders don’t make it in this game.
Here’s a few things I learned: 👇
(1/12 )

1) Edge
Nothing else matters in all honesty.
Your edge is the ONLY thing you have that differs you from any other trader.
An edge is something that is tailored to YOU.
I tried copying my mentors edge, it didn’t work.
Why?

1.5) Edge
You CAN’T copy someone else’s edge because they spent years making it.
You CAN understand their edge but applying it in real-time when markets are moving is VERY difficult due to your unique EI.

1.9) Edge
This is why, when I teach my edge, I tell students understand why it works but don’t copy it.
It simply won’t work, what works is taking someone else’s edge and tailoring it to yourself with backtesting and real time executions.
It’s a long process, but doable.

2) Bias
Everyone in my YouTube comments or Twitter & Instagram DM’s is asking what way I think the market will trend tomorrow, next week, next month, etc.
I always respond the same way.
I don’t care and I don’t know.
I never go into a trading session with a bias.

2.5) Bias
If your a day trader, it’s important to chart and review after hours and pre market, yes.
This doesn’t mean you go into the session with a bias.
PRICE ACTION is #1 everything else falls after that.

2.9) Bias
For example let’s say you have a long bias on a stock & buy it at market open without watching price action.
The stock falls all day and you keep moving your stop loss because your ‘gut’ tells you too.
Well guess what, you just lost money all day on a ‘gut’ feeling.

3) Stop Loss
In the beginning I was so scared to enter trades.
I would never buy a stock on pullbacks, what if it keeps dipping?
I would say:
It’s too near my stop loss, I’ll most likely get stopped out and it might reverse after.
I’ll just wait for more confirmation.

3.5) Stop Loss
This was the WOST way to think.
Psychologically as humans we are wired to do things with the least risk.
We want confirmation, we want to safety.
It’s only human nature.
In trading you have to change this.
Buy as CLOSE to your stop loss as POSSIBLE.

3.9) Stop Loss
If you watch my live trades on YouTube or if you were in my private room, you know my stop losses are tight.
This is because I try to buy as close to my stop as possible.
In my system I focus on super low risk trades with a high probability win rate.

In Conclusion,
Apply these concepts in your trading and I guarantee you will start looking at charts and trading in a different light.
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