10/06/2023
6 years of trading experience
1. Discipline Outside = Inside
If you're not disciplined in your life outside of trading...You won't be a disciplined trader.
Start taking your life more seriously (in terms of health and personal development) and your trading will follow
2. Preserve Your Capital
Just because you had a few green days doesn't mean you should size upz. Always make sure to risk a small % of your account
3. Only trade when you're mentally ready. Trading is 90% mental. If you're not mentally there for whatever reason... Just take the day off and don't trade. It's an easy way to blow up accounts if your mind isn't right.
4. Document Your Journey. Either in the form of blogs, tweets, or journaling your trades. There's a lot you can learn from your past mistakes. It's helped me 10x
5. Slow Down. Trading is a long term game. Don't expect to get rich overnight. Focus on the process and the money will come.
6. You don't need to trade everyday. I know people who take 1-2 trades a week and make 6 figures. Only trade when the opportunity is there
7. Nothing has to happen.Just because a stock is at a 90 RSI does not mean it can't go any higher. Anything can happen. Expect the unexpected
8. Stop Searching. There is no perfect strategy or indicator. Everyone uses different methods to trade. Find what works for you and stick with it
9. Learn Everything. There's always more you could be learning to improve your trading
-Watch youtube videos
-Buy Courses
-Reach out to mentors and ask them questions
Invest in your education