HOW TO CHANGE YOUR TRADING IN 6 MONTHS
Here’s how I went from losing $100’s and $1,000’s to becoming a profitable trader in 6 months
🧵👇
$SPY $SPX
Here’s how I went from losing $100’s and $1,000’s to becoming a profitable trader in 6 months
🧵👇
$SPY $SPX
FOCUSED ON ONE SETUP
- Focus on one setup and master it
- Trading is about being patient and executing
- No setup no trade and stick to that
- My favorites are Breakout to the upside when market is trending up and Breakout to the downside when it’s trending down
- Focus on one setup and master it
- Trading is about being patient and executing
- No setup no trade and stick to that
- My favorites are Breakout to the upside when market is trending up and Breakout to the downside when it’s trending down
JOURNAL YOUR TRADES
- Journal your entries and exits
- Emotions before during and after trades
- What I saw in the trade and why I took it
- Did I win/lose the trade and was it my fault or normal market loss
Review, Fix and apply to next trade and Repeat
- Journal your entries and exits
- Emotions before during and after trades
- What I saw in the trade and why I took it
- Did I win/lose the trade and was it my fault or normal market loss
Review, Fix and apply to next trade and Repeat
STOPPED HAVING A BIAS
- Trade what is in front of you NOT what you think will happen
- Stop listening to other people. Create a trade plan and stick to it
- Cut losers quick and stop “hoping” it works out
- Have a levels and trade plan for all scenarios
- Trade what is in front of you NOT what you think will happen
- Stop listening to other people. Create a trade plan and stick to it
- Cut losers quick and stop “hoping” it works out
- Have a levels and trade plan for all scenarios
FOCUS ON THE EXECUTION
- Stop focusing on the money
- Start focusing on the execution of each trade
- If you execute a trade well the money will always follow
- Stop focusing on PnL and start focusing on the chart
- One trade a day is all it takes
- Stop focusing on the money
- Start focusing on the execution of each trade
- If you execute a trade well the money will always follow
- Stop focusing on PnL and start focusing on the chart
- One trade a day is all it takes
SIMPLE CHARTS
- Clean your charts
- Focus on levels and price action at them
- Candlesticks, Levels and Volume is all you need
- Less is more
Keep trading as simple as possible
- Clean your charts
- Focus on levels and price action at them
- Candlesticks, Levels and Volume is all you need
- Less is more
Keep trading as simple as possible
PSYCHOLOGY
- Accept any outcome can happen with any trade
- Trade only when you emotions are neutral
- Don’t oversize this leads to fear, panic selling anxiety etc which leads to bad trades
- Take a break after a loss or win until emotions have calmed down
- Accept any outcome can happen with any trade
- Trade only when you emotions are neutral
- Don’t oversize this leads to fear, panic selling anxiety etc which leads to bad trades
- Take a break after a loss or win until emotions have calmed down
All that I ask is that you RT and LIKE for others to learn
For more tips follow @RealJGBanks $SPY
For more tips follow @RealJGBanks $SPY
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