Not a bad start to the year. Will follow up with prop certs for withdrawal proof. 0.25% risk pyramid entries.
Because people are going to ask. I'm managing the $1.6m across 3 different prop firms and have an Oanda account set up as a master w/ slave account trade copiers which allows me to trade directly on Tradingview.
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New traders want to learn everything in under a year.. it is completely unrealistic. Below is a realistic timeline to commit to mastering these concepts:
Years 1-2 : Market Knowledge/Edge
Year 3 : Risk Management
Year 4 : Psychology
A thread 🧵
Years 1-2 : Market Knowledge/Edge
Auction Market Theory
Intermarket Analysis
Liquidity
Market Structure
Order Flow
Year 3 : Risk Management
Position Sizing
RR Ratios
Probability Calcs
Trading Out of Drawdown
How to sharpen your edge and transition from inconsistent, unprofitable trader to consistently profitable?
A thread 🧵
🔪 Detach from the money. Arguably the hardest thing to do and a major reason for tactical mistakes in execution. Risk tolerance is like lifting weights, if you try to lift heavy before building strength, you will get injured.
Tip: Delete your P&L from your platform or find a way to minimize it and think logically before making mid-trade decisions. I use a trade copier and the master account is a fraction the size of the others therefore reducing visibility to the fluctuations of P&L.
The greatest gift I can share with you all; a thread of the top 5 accounts that have impacted me tremendously on my journey from 6-figure career to professional retail trader.
@I_Am_The_ICT The mentor of your mentors. A free PHD in financial markets and part-time classes on human behavioral patterns. The paradigm shifter, you will never view markets or life in the same lens.
@jackschwager An author who has demystified what it means to be a professional trader and Market Wizard. Published interviews with some of the most polarizing individuals in the modern era. Unveiling how they think and act in order to make millions in the marketplace.