๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰

Let's talk about trading

If you are not profitable, trade the 1 minute chart.

Iโ€™ll explain why this will make you profitable faster than anything else.

Before you get triggered, read the entire post.

It's the fastest way to learn foundational skills that transfer to all time frames.

What does it take to be profitable?

-Strategy

-Journaling

-Risk management

-Execution (psychology)

When you start out as a trader you are close to level 0 on all these skills.

๐Ÿ”ถ Backtest

-Strategy: Slow

-Journaling: Slow

-Risk management: Fast

-Execution: Slow

Bad for strategy because it doesnโ€™t take into account your lifestyle, available hours and real time interpretations of data (discretion).

Bad for journaling because it doesnโ€™t use data live to improve your edge, also youโ€™re missing half of journaling which is the emotional side.

Execution is terrible because you do 0 execution of trades.

Very useful in addition to real trading, but limited on it's own.

๐Ÿ”ถ HTF trading

-Strategy: Slow

-Journaling: Slow

-Risk management: Slow

-Execution: Slow

This is what a lot of people preach. They think itโ€™s safe for some reason.

Itโ€™s exactly the same, it is just a slower way to lose money.

A slow liquidation is not better than a quick liquidation.

Many traders think theyโ€™re profitable with a small sample size of wins and only to lose large amounts later.

So the solution?

Trade the 1 minute.

You will experience a wide variety of events and emotions that would take you years on higher time frames.

The fear when you lose 7 trades in a row, the poor execution that comes with bad sleep, the greed when you enter a win streak for the first time

Go through multiple cycles of journaling and strategy development.

And you donโ€™t need to lose a lot of money to learn.

If you canโ€™t develop a profitable system on lower time frames, you can't on the higher.

The higher time frames wonโ€™t make it easier, just make it take longer.

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