1/7: I have a story for traders who are struggling with holding profits long enough and cutting losses soon enough. When I began trading in 2014, it was easy for me, but there came a time where I really started doubting my abilities. In essence, I had the trading “yips” and it

2/7: messed with my profits, my mind, and my belief in myself. Quite a few people went through the same thing as me, at the same time (won’t name names but love you guys!) It took me a long time to get over the fear of being wrong. So I want you all to think about it in this way:

3/7: if you’re willing to lose, you’ll be better than if you’re unwilling to lose. To put this in perspective I’ll give you 2 examples: golf and poker. If you’re a golfer, the key to being great is 90% mental. The other 10% is a mix of skill and strategy. If you’re incredibly

4/7: skilled, you’ll never reach your full potential unless you’re willing to take chances: you have to occasionally take on a long approach over water into a par 5, but not if you have a 2 shot lead on the last hole. But if you’re 1 down, you’ve just gotta do it. You won’t win

5/8: (sorry there’s 8) every time, but sometimes you will. Now for poker: you can’t be a winning player unless you make a few bluffs. If you’re scared to be called and lose, you’ve already lost. You need to be willing to be completely wrong and lose. So how does this relate to

6/8: trading? If you sell the second you’re red in a position, and take profit the second you’re green, your account will inevitably cease to exist. So if I can offer any advice whatsoever, just expect to be right 50% of the time, with a 2-1 risk reward

7/8: (aka be willing to lose $1,000 if your expected profit is $2,000: you’ll average $500/trade). If you can do that, you’ll still be trading in 10 years. If you can’t, I seriously recommend avoiding the stress of trading.

8/8: I hope some of you can benefit from this advice! As always, my DM’s are open for questions or advice. All the best