Some Trading Tips that has helped me grow into a multiple figures Trader for the past 3 years 👇
The last Tip is very important if you want to grow as a trader🥂
✅ FIRST TIP:
FOCUS ON FEW PAIRS ( be a specialist)
You can make Life changing money from trading if you take Trading as a business.
Just like Mechanics are known specialist for specific Vehicle brands, you will hardly see Trailer Mechanic repairing a Toyota camry, neither will a Honda mechanic repair a Mercedes Benz.
You should also be a specialist, focus on few trading pairs. 3-5 pairs isn't that bad (Some traders can trade 20 pairs at a time though) 🥂
Bruce Lee would say : "I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times".
The last Tip is very important if you want to grow as a trader🥂
✅ FIRST TIP:
FOCUS ON FEW PAIRS ( be a specialist)
You can make Life changing money from trading if you take Trading as a business.
Just like Mechanics are known specialist for specific Vehicle brands, you will hardly see Trailer Mechanic repairing a Toyota camry, neither will a Honda mechanic repair a Mercedes Benz.
You should also be a specialist, focus on few trading pairs. 3-5 pairs isn't that bad (Some traders can trade 20 pairs at a time though) 🥂
Bruce Lee would say : "I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times".
✅ Second Tip:
YOU ONLY NEED ONE STRATEGY
Stop strategy prostitution, you only Need one trading System to become profitable. If you have a strategy that has been working for you overtime, giving you a reasonable amount of wins, There is no need to jump to something else.. continue to refine that System and be disciplined enough to follow your trading plan and manage your risk.
You can watch this video on Risk management👇
YOU ONLY NEED ONE STRATEGY
Stop strategy prostitution, you only Need one trading System to become profitable. If you have a strategy that has been working for you overtime, giving you a reasonable amount of wins, There is no need to jump to something else.. continue to refine that System and be disciplined enough to follow your trading plan and manage your risk.
You can watch this video on Risk management👇
https://x.com/Kelvintalent_/status/1962583122647584800
✅Third Tip: Trading Plan and Journaling
Plan your trades, Don't ever go into a trade without a proper plan, this is what differentiates traders from Gamblers .
Journal all your Trades, Even the biggest businesses in the world, record their sales daily, weekly and monthly.
Journaling is the only way you can evaluate your growth, That's how you know what works and how it works and when it works. Record all your trading Activities, every little thing!!
Plan your trades, Don't ever go into a trade without a proper plan, this is what differentiates traders from Gamblers .
Journal all your Trades, Even the biggest businesses in the world, record their sales daily, weekly and monthly.
Journaling is the only way you can evaluate your growth, That's how you know what works and how it works and when it works. Record all your trading Activities, every little thing!!
✅Lastly :
PRESSURE 🔥
Don't put yourself under Pressure because of other trader's Results you see on Socials , all fingers are not equal .
IF all you can make in a month is $100, Keep doing you, consistency breeds growth, soon you will be making $200 monthly and before you know it, few months or years later $10k monthly will be nothing,
As at 2022, i close my month below $100 profit. 3 years Later i can confidently risk $10k+ on a single trade.
The massive results you see people showing now came from massive effort and Hard work, if you work hard and smart, you will trade easy and smartly, don't compare your chapter 1 to someone's chapter 10.
Allow yourself to go through that process too, everyone paid their dues
Goodluck traders
#ForeverInprofit
PRESSURE 🔥
Don't put yourself under Pressure because of other trader's Results you see on Socials , all fingers are not equal .
IF all you can make in a month is $100, Keep doing you, consistency breeds growth, soon you will be making $200 monthly and before you know it, few months or years later $10k monthly will be nothing,
As at 2022, i close my month below $100 profit. 3 years Later i can confidently risk $10k+ on a single trade.
The massive results you see people showing now came from massive effort and Hard work, if you work hard and smart, you will trade easy and smartly, don't compare your chapter 1 to someone's chapter 10.
Allow yourself to go through that process too, everyone paid their dues
Goodluck traders
#ForeverInprofit
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