Thread by @PrimeTrading_

1 YEAR #NewTraderChallenge 🗓️

As every high potential field & job, trading is no different, it takes time and a lot of effort to succeed and achieve elite performance

I want to introduce a 1 year ROADMAP that could help NEW TRADERS in their quest to master the market

💟&🔁

1⃣ Read HTMMIS (Month 1)

- O'Neil book is the bible of investing imo, you need to begin here to build your foundation
- It covers technical & fundamental analysis
- During the read, take A LOT of notes
amazon.com/How-Make-Money…

2⃣ Start paper trading (Month 2)

Start applying the concepts by opening a paper trading account

- Learn how to place a trade
- How the market moves
- Just the overall experience of trading

3⃣ Read Think & Trade Like a Champion (Month 3)

- Super clear system from @markminervini, an elite multiple champion trader
- Solid track record & proven system
- During the read, take A LOT of notes
amazon.com/Think-Trade-Li…

4⃣ Develop your own System/Plan (Month 4)

- Takes your notes from HTMMIS & Minervini
- Develop rules for
- TA & FA characteristics
- Entries
- Exits (profit, loss & violations)
- Money management
- Market analysis

5⃣ Start trading real $ - super small (Month 5)

- Start with a small amount you're ready to lose
- Take very small positions of less than 5% of equity each
- Don't go pass 20% of total equity exposure
- Focus on EXECUTION - don't expect to make $$

6⃣ Listen to successful traders interviews (1 per week)

@RichardMoglen YTB channel is THE reference. Take advice from top traders on Routine, Psychology, discipline, etc.

Top 5 imo:
- @1charts6
- @Upticken
- @markminervini
- @RyanPierpont
- @Trader_mcaruso

7⃣ Journal each trade & analyze & adjust (Month 6-9)

- Each W & L must be journaled
- Is the system respected?
- Reason to enter, sell, etc
- Analyze your L's & adjust plan
- Note the mistakes you make
- Still focus on EXECUTION, don't expect to make $

8⃣ Re-read HTMMIS & Minervini (Month 10)

- With few months experience, new things will click during the read
- Adjust Plan/System accordingly

9⃣ Begin to increase your position sizes if conditions are right (Month 11)

- Trading with positions of 10% max
- Up to 50% of equity
- Journal trades & note mistakes
- Keep track of statistics
- Scale back size if not profitable

🔟 Read Mental Game of Trading (Month 11)

Mental game from @jaredtendler is THE trading psychology reference book

With experience now in hands, you can now work on the psychology aspect of trading
amazon.com/Mental-Game-Tr…

🗓️ Putting it all together (YEAR - 2+)

IF PROFITABLE
- you can increase to 100% of equity
- Still EXECUTION focus
- Journal trade, analyze & adjust trading or mental execution
- Track statistics & find area to improve
- At least 1 FULL YEAR of trading before focusing on $$

You can also read this thread on @SubstackInc.

If you liked this 1 YEAR #NewTraderChallenge Roadmap,💟 &🔁 this thread to help new trader

Cheers! 🙏

primetrading.substack.com/p/primetrading…