Thread by @dtr_trading

Traders must treat #trading like a business. It isn't a lottery ticket that will just hand you money.

Trading is a job, and it requires you to treat it like one.

Here are 5 Ways to Grow your Trading Business

1. Quality Matters

It isn't about the quantity of work. Successful trading is about the quality of the work

Only trade your A+ setups and accept nothing less. Nothing else

Every time you compromise you cheat yourself of future gains

2. Study the Facts

Track your performance and study your trades

Journal all your trades. Update your journal as the trade is going on with how you felt and why

Study your journal and keep refining until you find what you are best at. Then focus on trading and improving that

3. Survive the Ups and Downs

Like any traditional business, you will have a busy season and a quiet season.

Your PnL graph will not go straight up all the time

Most businesses don't survive their first 2 years. Manage your risk so you can

4. Take the Stairs not the Elevator

Social Media Makes everyone look like a millionaire day trader

But the quickest way to lose is to try to hit it big and go all-in on every play

Slow Down 🚫

Focus on turning green days into green weeks and green weeks into green months

5. Commit to Trading

Wanting to be a good trader isn't enough. Your actions and your words need to match up.

Master your risk management, commit to a strategy, and realize that variances will happen

Study your trades and learn from your mistakes. Compound positive habits