A trader I know was unprofitable for all of 2022.
He finished 2023 up 381%.
He did not buy a paid indicator or generic course.
Here's how he did it:
He finished 2023 up 381%.
He did not buy a paid indicator or generic course.
Here's how he did it:
Before I begin,
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I'll make many more I promise.
If you like threads like this please bookmark it, retweet, leave a comment, or simply hit like.
I'll make many more I promise.
1. Noise Reduction
He cleared every indicator from his chart.
Price + volume only going forward.
He cleared every indicator from his chart.
Price + volume only going forward.
2. Start Fresh
Got rid of every strategy he was using before and started from scratch.
Got rid of every strategy he was using before and started from scratch.
3. $100 Forward-testing
We took his portfolio size down to $100 and stayed there for 3 months.
If you can't turn $100 to $200.
You can't turn $100,000 to $200,000
We took his portfolio size down to $100 and stayed there for 3 months.
If you can't turn $100 to $200.
You can't turn $100,000 to $200,000
4. Specialization
- One sector of the market
- One strategy
Nothing else until profitable.
- One sector of the market
- One strategy
Nothing else until profitable.
5. Journaling
Journal every trade.
Collect data.
Repeat.
Journal every trade.
Collect data.
Repeat.
6. Emotional Analysis
Journal every single emotion - before, during & after each trade.
Spot patterns, and implement fixes.
Your biggest trading loss will come from a psychological slip up not a technical one.
Journal every single emotion - before, during & after each trade.
Spot patterns, and implement fixes.
Your biggest trading loss will come from a psychological slip up not a technical one.
7. Constant Iteration
Review and improve 1% every week.
Optimise;
- Stop loss and tp
- Entries
- Management.
- Psychology.
Review and improve 1% every week.
Optimise;
- Stop loss and tp
- Entries
- Management.
- Psychology.
8. Find a Mentor
Why make your own mistakes when you can learn from others.
Books, courses, podcasts, tutorials, 1:1s.
Get the best you can to speed up your progress.
Why make your own mistakes when you can learn from others.
Books, courses, podcasts, tutorials, 1:1s.
Get the best you can to speed up your progress.
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