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What's the difference between success and failure in the markets?
Surprisingly not too much!
It's a simple matter of daily compounded actions
Let me show you in
"Winning Habits"
- A THREAD -
Surprisingly not too much!
It's a simple matter of daily compounded actions
Let me show you in
"Winning Habits"
- A THREAD -
1.
- Be Patient W/ Winners, Not Losers -
Stop rationalizing needing to sell winners now to lock in profit
While holding onto losers because they could "come back"
If you can cut your losers early while holding onto winners
You'll be ahead of most..
- Be Patient W/ Winners, Not Losers -
Stop rationalizing needing to sell winners now to lock in profit
While holding onto losers because they could "come back"
If you can cut your losers early while holding onto winners
You'll be ahead of most..
2.
- Making Money Is More Important Than Being Right -
We like to be right, it's human nature
But as traders this can kill you
The market can stay wrong longer than you can stay solvent
Remember this next time you place a trade
- Making Money Is More Important Than Being Right -
We like to be right, it's human nature
But as traders this can kill you
The market can stay wrong longer than you can stay solvent
Remember this next time you place a trade
3.
- The Chart Never Lies -
When you look at the charts think of the candles as where traders are readying up to buy/sell at certain points
This will help you know where you should look to buy/sell
- The Chart Never Lies -
When you look at the charts think of the candles as where traders are readying up to buy/sell at certain points
This will help you know where you should look to buy/sell
4.
- Plan Beforehand -
You need to have a plan before entering the trade
Losing traders wing it and end up losing
Remember this
Would a surgeon operate without a plan beforehand?
Probably not..
- Plan Beforehand -
You need to have a plan before entering the trade
Losing traders wing it and end up losing
Remember this
Would a surgeon operate without a plan beforehand?
Probably not..
5.
- Approach Trade #10 As You Would The 9 Previous Losing Trades -
You will have losing streaks
Losing can wipe away your confidence
Trade your system not your emotions
Each trade is independent of the last..
- Approach Trade #10 As You Would The 9 Previous Losing Trades -
You will have losing streaks
Losing can wipe away your confidence
Trade your system not your emotions
Each trade is independent of the last..
6,
- Realize It's Ok To Be Uncomfortable -
You'll never reach the point where you're 100% comfortable
This is because you'll never have all of the necessary info to do this
You'll have to make decisions based off incomplete info
Get used to it early on
- Realize It's Ok To Be Uncomfortable -
You'll never reach the point where you're 100% comfortable
This is because you'll never have all of the necessary info to do this
You'll have to make decisions based off incomplete info
Get used to it early on
7.
- Avoid Buying Cheap & Instead Buy Expensive -
What's cheap gets cheaper
And what's expensive becomes more expensive
Stop buying sh*tty penny stocks
And focus on buying quality companies such as Microsoft, Apple, or Amazon
- Avoid Buying Cheap & Instead Buy Expensive -
What's cheap gets cheaper
And what's expensive becomes more expensive
Stop buying sh*tty penny stocks
And focus on buying quality companies such as Microsoft, Apple, or Amazon
8.
- Stop Trying To Pick The Top Or Bottom -
The likelihood of you doing this is highly unlikely
Successful traders focus on the meat of the move up or down vs picking the top/bottom
Trade the trend...
- Stop Trying To Pick The Top Or Bottom -
The likelihood of you doing this is highly unlikely
Successful traders focus on the meat of the move up or down vs picking the top/bottom
Trade the trend...
9.
- Learn When To Press On The Brakes -
When you're on a losing streak you need to trade lighter
Only scale your size up when you're doing well
Would you go 100mph in a crowded residential area?
Save it for the clear highway..
- Learn When To Press On The Brakes -
When you're on a losing streak you need to trade lighter
Only scale your size up when you're doing well
Would you go 100mph in a crowded residential area?
Save it for the clear highway..
10.
- Live To Trade Another Day -
The market will always be open
Stop trading as if you have to become wealthy today
You'll always have more opportunities to make money tomorrow
Just make sure you don't blow up your account today
- Live To Trade Another Day -
The market will always be open
Stop trading as if you have to become wealthy today
You'll always have more opportunities to make money tomorrow
Just make sure you don't blow up your account today
Want to know more about the habits of successful traders?
Learn how I make over $500 weekly trading the stock market
I make it nice and simple to understand
Grab your copy below
https://gum.co/elIOM
Learn how I make over $500 weekly trading the stock market
I make it nice and simple to understand
Grab your copy below
https://gum.co/elIOM