Thread by @Abhishekkar_

𝗪𝗘𝗘𝗞𝗟𝗬 𝗟𝗘𝗔𝗥𝗡𝗜𝗡𝗚 𝗧𝗛𝗥𝗘𝗔𝗗 (If u learn something,don't forget to like and #RETWEEET )
-If you wanna make big in markets,keep a close watch on industry leaders. The first wave of move comes there.
-No matter how many say,90% players will not abide by stop loss rule

-You don't need to work on 10 strategies,1 is good enough to make it big. Just practice the skill n number of times.
-Price reversals and patterns if watched closely repeat 90% of the times. Why? Simple,human beings and their behaviors seldom change. So keep an eye on patterns.

-IQ in trading is overestimated while EQ is underestimated. Focus on building that too. Daniel Goelman's book on EQ can help in understanding it better.
-People make money not by constantly betting but by waiting waiting betting once and again waiting waiting. Quality over Qty

-No one can exactly predict when markets would rise or fall. It's game of probabilities. If your strike rate is even 60%,you will retire rich
-Most people say they would do so and so but seldom they act. Same applies in markets. Better focus on your craft,everything else is noise

-All speak of discipline but no one can practice it unless they form a set of rules for themselves. Set rules like number of max trades,max draw down,quarterly targets,when will you stop etc. This helps big time
-Maintaining trade journal is still so underrated but most important

-1 out of 100000 would only succeed in trading with borrowed money. As I said before it's all about probabilities not guarantee and here its not in our favor so avoid being oversmart.
-Price is king. If it ha moved against for decent period of time,accept being wrong n moveout

-Keep reading what professional traders in your field have to say but consume only what is relevant for your trading skills & psychology. Brain has limitations so use it efficiently & follow people wisely.
-52 week highs have more reasons to go higher & vice versa.Dont short them

-Not taking a loss is always equal to a bigger loss. A lesson from ages which handful of people understand.
-A hype around quant or price action or Gann etc wont help. Point is money can be made irrespective of indicators or price action. All you need is practice & conviction.

-Finally its a process and don't expect to become millionaire overnight. You will blow your accounts several times so better start small and eventually grow. Spend more time in understanding who you are and what style fits you rather than entering the mad rush.
Best Wishes
#AKAL