Years of research, studying, mentoring traders to find out that majority of traders fail for these reasons.
The top 4 points:
1⃣ Traders are indisciplined. They have a strategy, create a plan but often they won't respect it, getting highjacked by a thought, a friend, a feeling
The top 4 points:
1⃣ Traders are indisciplined. They have a strategy, create a plan but often they won't respect it, getting highjacked by a thought, a friend, a feeling
2⃣ Traders have no patience. They will anticipate a trade because they want to be part of the party no matter what. They will be late and still take the trade because they won't want to miss it as if that's the only opportunity in their lives.
3⃣ Traders will lack confidence. Without confidence a trader cannot use size and confidence is made by having consistency and consistency comes from:
- experience
- backtesting your strategy
- practice
- experience
- backtesting your strategy
- practice
4⃣ Traders focus only on strategy rather then mind.
How many hours a traders spends in backtesting but never takes a 1-on-1 with a mentor about discipline, psychology, focusing on retraining the brain to understand and practice an emotional balance state of trading.
How many hours a traders spends in backtesting but never takes a 1-on-1 with a mentor about discipline, psychology, focusing on retraining the brain to understand and practice an emotional balance state of trading.
🟰 Meditate on this and make a sheet with what you are lacking in your trading in order to reach the next level, in order to create the "perfect trader".
Don't be afraid to try something new and learn that you can still improve.
#smallcaps #daytrading
Don't be afraid to try something new and learn that you can still improve.
#smallcaps #daytrading
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