If you want to become a profitable trader in the next 90 days here's what you have to do:
1. Stop Bouncing from Strategy to Strategy
There is no holy grail so stop looking for one.
Find a pattern, back test it, move forward.
Keep your strategy simple. You should be able to explain it to a five year old
There is no holy grail so stop looking for one.
Find a pattern, back test it, move forward.
Keep your strategy simple. You should be able to explain it to a five year old
2. Start Tracking your Emotional and Technical Patterns
We all have different emotional triggers that show their ugly faces in unique ways.
When we know what our patterns are we can make plans to maximize our good habits and avoid our painful ones
We all have different emotional triggers that show their ugly faces in unique ways.
When we know what our patterns are we can make plans to maximize our good habits and avoid our painful ones
3. Write Down and Review your Trading Plan
Pre market spend 15-20 minutes writing down what you think the market will do today. Make a bullish plan, make a bearish plan.
After hours go back and write down 1 thing you did well and want to improve for tomorrow.
Pre market spend 15-20 minutes writing down what you think the market will do today. Make a bullish plan, make a bearish plan.
After hours go back and write down 1 thing you did well and want to improve for tomorrow.
4. Embrace Your Learning Curve
The only way you will become profitable is if you find a way of obsessing over improving your process
No trader wins 100% of the time so if you can gamify how you learn from each trade the outcome will take care of itself
The only way you will become profitable is if you find a way of obsessing over improving your process
No trader wins 100% of the time so if you can gamify how you learn from each trade the outcome will take care of itself
5. Don't Ignore Risk Management
Your objective over the first 90 days is to find your proof of concept.
Find your strategy, find your comfort zone in your execution and build your risk management habits.
The less you lose the easier it is to win
Your objective over the first 90 days is to find your proof of concept.
Find your strategy, find your comfort zone in your execution and build your risk management habits.
The less you lose the easier it is to win
Profitable trading isn't about following the sexiest levels or the biggest discords.
It's about creating structures that force you to learn from your mistakes on a day-by-day basis
When we have deliberate study habits it easy to get the outcomes that we want
It's about creating structures that force you to learn from your mistakes on a day-by-day basis
When we have deliberate study habits it easy to get the outcomes that we want
Loading suggestions...