Trading is the most rewarding business in the world.
If you do it right, it will completely change your life.
But fear kills 95% of traders.
7 steps to become a fearless trader:
If you do it right, it will completely change your life.
But fear kills 95% of traders.
7 steps to become a fearless trader:
1. Build a trading edge
- Develop a powerful weapon to make money in the markets
- Be the best in the world on executing that trading edge
- Store past data, know every details of your edge (WR, RRR, etc.)
Your trading edge is your best offensive weapon.
- Develop a powerful weapon to make money in the markets
- Be the best in the world on executing that trading edge
- Store past data, know every details of your edge (WR, RRR, etc.)
Your trading edge is your best offensive weapon.
2. Set unbreakable rules
- Never break your rules. If you start doing it, you'll get addicted to indiscipline
- They will also help you building valuable skills like discipline, confidence, etc.
Find an edge.
Set rules.
Execute.
- Never break your rules. If you start doing it, you'll get addicted to indiscipline
- They will also help you building valuable skills like discipline, confidence, etc.
Find an edge.
Set rules.
Execute.
3. Risk management is your best trading defense.
- Most traders go all in and blow accounts over and over again
- Decrease your risk -> Less fear -> More confidence
- Increase your confidence -> Better skills and execution -> Increase risk later
Be a casino, not a gambler.
- Most traders go all in and blow accounts over and over again
- Decrease your risk -> Less fear -> More confidence
- Increase your confidence -> Better skills and execution -> Increase risk later
Be a casino, not a gambler.
4. Think in probabilities
- Focus on the next 1,000 trades, not on the next one
- Your edge needs to be executed repeatedly. Become addicted to repetition
Edge + Thinking in probabilities + Execution in the long term = Trading success
- Focus on the next 1,000 trades, not on the next one
- Your edge needs to be executed repeatedly. Become addicted to repetition
Edge + Thinking in probabilities + Execution in the long term = Trading success
5. Rome wasn't built in 1 day
- Stop comparing your day 10 to someone else's day 1000
- To be the 1% you have to do what the 99% don't do
Start thinking in years, not in days.
- Stop comparing your day 10 to someone else's day 1000
- To be the 1% you have to do what the 99% don't do
Start thinking in years, not in days.
6. Love the process
- Mistakes, losses and failures are your best teachers
- Trading is the most competitive business in the world. Don't give up at the first failure
Trading is a marathon, not a sprint.
- Mistakes, losses and failures are your best teachers
- Trading is the most competitive business in the world. Don't give up at the first failure
Trading is a marathon, not a sprint.
7. Become a fearless trader
- Develop a powerful edge
- Set unbreakable rules
- Be a trading casino
- Love the process
Break your fear. Improve your trading.
- Develop a powerful edge
- Set unbreakable rules
- Be a trading casino
- Love the process
Break your fear. Improve your trading.
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