2023 will be your best year ever when you stop making these 10 trading mistakes:
1. Trading setups that don’t work.
Instead, learn these 3 and test the limits of your potential in the stock market:
Instead, learn these 3 and test the limits of your potential in the stock market:
2. Not position sizing correctly or consistently.
What you should do is learn how to position size based on risk, which I’ve written about here:
What you should do is learn how to position size based on risk, which I’ve written about here:
3. Thinking you can half-ass chart reading.
The best traders in the world can instantly identify a winning chart.
Here’s how you can become more like them:
The best traders in the world can instantly identify a winning chart.
Here’s how you can become more like them:
4. Don’t know how to take a loss.
The only way you can win is first by learning how to lose.
Here’s how I learned how to profit from losing:
The only way you can win is first by learning how to lose.
Here’s how I learned how to profit from losing:
5. Don’t study the right people.
There are a select few market legends that have paved the past for the rest of us.
Learn their stories and leverage their knowledge:
There are a select few market legends that have paved the past for the rest of us.
Learn their stories and leverage their knowledge:
6. Overtrading.
The best traders know when and how they’re going to operate in the market.
They have a high level of patience and discipline.
Here’s what patience looks like from a US Investing Champion, @markminervini:
The best traders know when and how they’re going to operate in the market.
They have a high level of patience and discipline.
Here’s what patience looks like from a US Investing Champion, @markminervini:
@markminervini 7. Not following the right people on twitter.
Here is the list of legendary traders I would follow if I had to do it all over again:
Here is the list of legendary traders I would follow if I had to do it all over again:
@markminervini 8. Making the same mistakes that cause 90% of traders to fail.
Here are some of those mistakes (even made by top-performing traders):
Here are some of those mistakes (even made by top-performing traders):
@markminervini 9. Not knowing what to study during bad markets.
Here’s a curated list of the best FREE resources to study right now to get you through this bear market:
Here’s a curated list of the best FREE resources to study right now to get you through this bear market:
@markminervini 10. Not reading the right books.
Don’t waste your time in 2023 reading a bunch of random trading books that add no value to your process.
Just read these:
Don’t waste your time in 2023 reading a bunch of random trading books that add no value to your process.
Just read these:
@markminervini 11. Not having a consistent rule set to define your system.
Instead, learn these rules:
Instead, learn these rules:
@markminervini That’s it!
I hope you’ve enjoyed this thread.
If you found some value go ahead and follow me @GregDuncan_ for more content on the stock market!
Like and retweet the first tweet below to help another trader:
I hope you’ve enjoyed this thread.
If you found some value go ahead and follow me @GregDuncan_ for more content on the stock market!
Like and retweet the first tweet below to help another trader:
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Investing tools & insights catered towards high performance in 10 minutes or less.
Join 150+ traders & investors looking to push the limits of their performance:
gduncan.substack.com
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