Traders need to become best friends with the power of compounding. It is why #Daytrading scales faster than most other businesses
Heres is how I compound gains:
Heres is how I compound gains:
The Power of 1%
1% a Day doubles your trading account every 70 days.
That turns 10k into about 80k year one and then 80k into half a million dollars.
If you outperform that by just a little bit you can become a millionaire in less than two years
1% a Day doubles your trading account every 70 days.
That turns 10k into about 80k year one and then 80k into half a million dollars.
If you outperform that by just a little bit you can become a millionaire in less than two years
Walk Away When You Are Green
Green days have more value than having another winning trade. You can't give away the hard-earned money you've made.
Green Days turn into green weeks. Green weeks turn into green months. Green Months turn into green years.
Green Years = freedom
Green days have more value than having another winning trade. You can't give away the hard-earned money you've made.
Green Days turn into green weeks. Green weeks turn into green months. Green Months turn into green years.
Green Years = freedom
Only Losers Add to Losers
Making one bad mistake in a trade is costly. Making Two is lethal. Never compound mistakes in trading
Instead, compound positive habits for outsized gains
Study your trades, improve your process, and then the money will flow
Making one bad mistake in a trade is costly. Making Two is lethal. Never compound mistakes in trading
Instead, compound positive habits for outsized gains
Study your trades, improve your process, and then the money will flow
Losses Can't Escalate
Compounding only works if mistakes don't crush my account
when I lose I never lose more than 1% of my account per trade
when I let mistakes escalate I cheat myself of future gains
Always cut your losers and hunt for better risk-reward
Compounding only works if mistakes don't crush my account
when I lose I never lose more than 1% of my account per trade
when I let mistakes escalate I cheat myself of future gains
Always cut your losers and hunt for better risk-reward
Turn Trading into a numbers game
Becoming a profitable trader is a simple equation if you keep your losses consistent
its (win rate % X risk-reward) X 1000s of trades
Nothing works all the time. Every system requires room for variance and human error.
Becoming a profitable trader is a simple equation if you keep your losses consistent
its (win rate % X risk-reward) X 1000s of trades
Nothing works all the time. Every system requires room for variance and human error.
Compounding is the Key
In review:
1. 1% a Day can change your life
2. Walk away when you're green
3. Never compound mistakes
4. Keep losses consistent
5. Figure out your profit formula
In review:
1. 1% a Day can change your life
2. Walk away when you're green
3. Never compound mistakes
4. Keep losses consistent
5. Figure out your profit formula
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