2023-04-15 12:42:05
#notes
99% of traders don't know where to start.
Stop wasting 3-4-5 years, start improving 10x today.
7 Steps to become a successful trader fast:
1. Master 1 setup
- Mastering 1 setup is much better than trading 10 setups
- 90% of the time, more trades =\= more gain
Practice. Memorize. Be the best in that setup.
2. Execute
- Focus 100% on your setup, ignore all the noise
- Think in probabilities to improve your execution
- Decrease your risk to reduce influences on your emotions
Set rules. Trade. Win/Lose. Repeat
3. Don't stop
- You don't become a successful trader in 30 days
- You don't gain experience and knowledge in 30 days
- Stop thinking in days, start thinking in years
Be consistent. Learn from your mistakes. Never give up.
4. Shape your mindset
- If you want discipline, follow your rules
- If you want confidence, reduce your risk
- If you want patience, meditate
- If you want consistency, keep showing up
- If you want persistence, never give up
Shape your mindset, shape your trading.
5. Leverage your trading skills
- Discipline will make you win
- Confidence will make you win bigger
- Consistency will make you win the game
Trust the process. Trading is a marathon, not a sprint.
6. Plan your success
Create 30-60-90 day plans:
- Follow rules
- Review your trades
- Learn from your mistakes
- Increase your monthly/quarterly goals
Never stop improving.
7. Improve 10x your trading
- Focus 100% on 1 setup
- Never stop trading
- Develop trading skills
- Plan your trading success
Stop wasting time. Start becoming a successful trader.
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