Thread by @team3dstocks

On a more serious note. Here's another #ADFPopQuiz

Based on data & surveys gathered from the endless amount of DMs I received over the years, including all the traders I've interacted with, met, or even mentored, what was the #1 hurdle the vast majority of traders faced?

Quiz Answer time:

77% of people chose C, and they are all correct.

The #1 problem facing traders of all stages (beginner or advanced) is not strategy, executions, or lack of capital.

It is simply adhering to rules. THEIR OWN rules. And almost no one is immune to this curse.

Now I already made endless threads/tweets about why this happens and how to fix it (search my tweets on "amygdala", "primal" , "brain" for more details).

But in summary, here are the top 5 fixes for this issue:

1) Trade setups, not ur intuitions

2) Systematic entry/exits: no guesswork

3) Stock selection: dont expect A+ results if u keep trading C+ stocks

4) Size: if u cant laugh at a loss, u're trading too big

5) PNL box: Never use ur PNL to dictate ur next trading decision. HIDE IT

Remember, the market is designed to BURY emotional traders.

YOU are supposed to profit off emotional traders

But how can u accomplish this if you';re constantly emotional yourself?

u cant be both the customer and the dealer. so PICK A SIDE.

BE SYSTEMATIC!

#BearTipOfTheDay