Rules for new traders:
1. Have a risk management strategy
2. Focus on one pair
3. Study a lot
4. Focus
5. Ignore social media
6. Don’t paper-watch others
7. Mistakes are part of learning
Trading is so underrated.
Most traders think they need:
- Talent
- 100% WR
- To send rockets on the moon
You actually need:
- A trading edge
- Risk management
- Basic emotion control
Stop sabotaging yourself.
There are 5 outcomes for your trade:
1. Small profits
2. Breakeven
3. Small losses
4. Big profits
5. Big losses.
If you can eliminate 5 you'll be well ahead of the 95%
You don’t need to have a spiritual awakening.
You don’t need to explore past traumas and pain.
You just need to learn how to think in probabilities.
That’s how you cure trading errors.