(Thread) In the last 5 months of taking #trading seriously, my top 3 tips to my former self are:

1. Wait for confirmation on entries
2. Take profits systematically
3. It's a probability game - a good system with solid rules will yield profit over a large # of trades
1. NOT waiting for confirmation killed me so many times. If I always waited for closes through my triggers, even just on the 1m chart, I could've avoided SO MANY failed trades. Failing to do this was just impatient on my part. Since I started waiting for confirmation, I've...
... had a much better win rate. Some say this statistic doesn't matter, as you don't need a crazy win % to make money, but I'm just pointing out that it's helped me avoid unnecessary losses.
2. Honestly a game changer for me. This was virtually impossible when I was doing #1kto10k since I only had enough money for 1 contract oftentimes (given my risk tolerance), but this just ended up biting me in the ass bc I never knew when to sell. It's so much easier when you...
... have >1 contracts. Secure some profit, push stops up, and see if it gives you more. Simple. Once I realized this I knew I could be much more effective in growing my account by using my full account size of ~4k - not recommending this as a solution for anyone struggling to...
... grow a small account, but for me I knew this was a good idea and not just an emotional decision of "let me add more $, I think I'll do better this time".
3. If your trading system puts the odds ever so slightly in your favor, you can be consistently profitable over a large sample size of trades. Say your chance of winning is 55%, losing is 45%. You may go on a 5 trade losing streak. But if you stick your system for 1,000 trades...
... you'll very likely end up profitable with proper rules and risk management. This has been a tough concept for me to fully realize as I usually only have time to take 1, maybe 2 trades a day. But over time I'm coming to fully accept that every moment in the market is unique...
... and that I WILL be profitable over the course of 5, 10, 20 trades. You have to truly believe that YOU ARE a consistently successful trader.

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