It took me 4 years to reach a $100k trading account

Here's why your account will never hit $100k
👇
(Avoid these 7 mistakes)

1. Strategy Hopping

If you are constantly switching strategies, you'll never find success

There is no "perfect strategy"

Stick to one that makes sense to you and tweak it every week

2. Not Journaling Your Trades

You should always be keeping track of the mistakes you make
Otherwise, you'll keep making them without even knowing

Journal everything to see what works and what doesn't.

3. Using too much size

The key is not to just look at your account size

You should take your perspective on money as a factor as well:

No matter what account size you're at, if you view $50 as a lot of money then don't risk more than that

You should always be risking an amount that you are COMFORTABLE risking

And an amount that's respective to your account size (1-5%)

4. Following alerts

I get it. You see someone post all their alerts that went for 100% plus that day

It's very easy to want to follow alerts.

But if you are ever looking for long-term success, you need to become self-sufficient

I've tried following alerts when I first started and it never worked

By the time they alert, the stock is already gone and they don't always post exits

Stick to your guts and learn to trade for real

5. Weekly OTM Options

For options traders, there's rarely any advantage to trading weekly OTMs.

I've traded month out ITM contracts and have still gotten 100%+ gains in a few days

When in doubt, go further out

6. Searching for setups

If you ever find yourself scrolling through each stock on your watchlist looking for setups...

You're likely overtrading.

Have setups pre-defined on a watchlist.

If they don't hit, they don't hit.

You don't need to trade every day

7. Trading more than I can afford

With a small account, you shouldn't be trading names like:

$TSLA
$SPY
$GOOG

Stick to stocks and contracts you can afford that have good spreads

Give me a follow for more tips from a full-time
trader
🙏

#BTC #NFP #sol #ORDI #Launchpool

6 Rules for Trading

1. Always use a stop loss

2. Pay yourself when money is made available

3. Trade-in high-probability environments

4. Don’t trade against your daily/weekly bias

5. Never revenge trade

6. Don’t trade Monday London session

#BTC #BinanceTournament #BONK #etf #cryptocruncy2023

How to 10x your trading:

1) Execute

- Take 5 trades
- Follow your system
- Never break rules

2) Reflect

- Analyse your 5 trades
- Track mistakes, decisions, emotions while you trade
- Reflect on what you learn

3) Improve

- Correct mistakes
- Adjust edges/system
- Improve execution

Trade. Track mistakes. Learn. Repeat.

90% of traders will never learn from mistakes.

Lazy traders are not successful traders.

#BullorBear #BinanceLaunchpool #Nonfarm #Memecoins #BinanceLaunchpool

Trading's downsides:

1) Loneliness
2) Emotional pain
3) Long time to overcome the learning curve

1) Loneliness

- No support
- Everyone call you crazy
- No one understands you

2) Emotional pain

- Fear blocks your actions
- Greed steals your money
- Failure makes you give up

3) Long time to overcome the learning curve

- Lose money for 2-3 years
- Lose motivation after 2-3 years
- Self-doubt after 4-5 years

If you can endure these, nothing can stop your success.

Invest 3-5 years in:

- Building a powerful system
- Developing valuable trading skills
- Controlling your daily emotions
- Compounding money like nothing else in the world

After 3-5 years these trading downsides will disappear.

Don't give up.

#BullorBear #BinanceLaunchpool #Nonfarm #Memecoins #BinanceLaunchpool

Timeframes to use:

To find major Support/Resistance and Supply/Demand Levels to Trade

- DAILY

- 4HR

- 1HR (My Favorite)

To Take Entries

- 2 and 5 minute

To Ride A Trend Once Entered

- 5 min

- 10 min

- 15 min

All using the 8/9/13 EMA as trend indicators

#BullorBear #BinanceLaunchpool #Memecoins #BinanceLaunchpool #BullorBear

For 3 months:

10x more practice.

10x more price action.

10x more skills development.

10x more correcting mistakes.

Give everything.

Don't stop.

2024 is your year.

#BullorBear #BinanceLaunchpool #Memecoins #BinanceLaunchpool #BullorBear

I've failed you all. I'm sorry.

Between the
- 75+ threads
- 300+ youtube vids
- Free courses I've given out
- Live webinars/Q and A sessions

Some of y'all are still losing money in the markets.

And it's simply NOT okay.

So that's why in the next 1-2 weeks...

I'll be announcing something I've been working on for a while

Something that will have you guys bathing in cash

And I'm keeping it open to EVERYONE

100% FREE

This will literally SHIT on everyone else's courses, discord groups, signal services, etc.

1-2 weeks. Stay posted.

#BTC #cpi #etf #ENS #ETH
@CZ @Binance Blog @Binance Academy

Trading is your work.

1) Show up every day

- Plan
- Study
- Practice

2) Trade your system

- Execute
- Win / Lose
- Execute again

3) 10x your skills

- Record mistakes
- Get feedback
- Improve

4) Become successful

- Win
- Leave 9-5
- Freedom

It's a business, not an hobby.

#BTC #cpi #etf #ENS #ETH

2024 to-do list:

- Normalize thinking long term
- Normalize thinking in probabilities
- Normalize focusing on the next opportunity
- Normalize not getting angry for a missed opportunity

More logic. Less emotions.

Be a casino, not a gambler.

#BTC #etf #ARB #XAI #OP

Trading is impossible to explain to non-traders.

They call you stupid.

They call you crazy.

They call you gambler.

They think it's rocket science.

They don't understand probabilities.

Non-traders can't understand the feelings of traders when the markets open on Monday.

#BTC #etf #ARB #XAI #OP

The learning process of trading...

Fail

Fail

Fail

Fail

Fail

Fail

Fail

Learn

Implement

Fail

Fail

Fail

Accept

Apply

SUCCEED!

#BTC #etf #XAI #BONK #Launchpool

From $0 to $10k profits, you need:

Strong skill set & consistency.

From $10k to $100k profits, you need:

Dialed in trading plan that has a solid strategy & risk management

From $100k to $1M profits, you need:

Strong trading system, trading edge, and unbreakable mindset

#BTC #ai #etf #XAI #tia

5-10 years to finish school.

5-10 years to get experience in a 9-5 job.

5-10 years to become a professional athlete.

5-10 years to become a successful performer.

5-10 years to become a top 1% in almost anything.

But 99% of traders want to become millionaires in 30 days.

#BTC #ai #etf #XAI #tia
@Binance Blog @CZ @Binance Academy

#1 trading problem:

Everyone think they just need to read 2-3 books.

Everyone think they just need to watch 2-3 videos.

But trading success is 99% experience.

That's why most traders fail.

#BTC #ai #etf #XAI #tia

I made over 5 Million in Profits from trading in 2023.

Here are the 10 lessons that can help you multiply your gains & win consistently in 2024 🧵:

( save this to help you through out your 2024 journey)

1- Be selective with the trades you take

Stop chasing every trade that you see. Only take the trades that match your criteria.
for example: for Pmh/PML breakouts I look for few confirmations Before I take the trade.
A catalyst
Overall market moving in that direction
Volume above average & strong candles towards the direction
if all criteria is NOT met- I do not take the trade

2- Weekly trading evaluation

Evaluate your trading performance & learn from your mistakes as quickly as possible.

Because what gets measured, gets improved.

You can use software like @tradezella or you can do it in your excel/journal as well.

Self evaluation will lead to self improvement.

3- Adapt to the changing market

One thing that is constant in the trading world is change.
You've to move with its pace and keep updating your trading system & strategies.
Otherwise, a time will come when what used to work will not work again.

Be ruthless when it comes to upgrading & improving your trading strategies.

As you are making these changes, size down and learn to adapt.

4- Plan your trades and trade your plan

Most people have a solid trading plan.

But when it comes to executing, they fall victim to "shiny object syndrome", and their emotions overwhelm their decisions.

As a result, they never follow it and face losses.

Put all of your efforts into making your trading plan (must be backed with data) and then follow it in any case & If for some reason your plan doesn’t work out go back to the drawing board and make adjustments.

5- Trade the trend based on larger time frames

You know what I'm talking about.

Try to change the lens you see in the trading world and you'll see how little you're thinking about it.
Read it again.

#BTC #etf #ai #Sei #Launchpool @CZ @Binance Academy @Binance Blog @Binance Live

Monday: $76,760🟢

Tuesday: $65,500🟢

Wednesday: $52,300🟢

Thursday : $31,520🟢

Friday: $28,090🟢

$254,170 in profits this week✅

$Avgo was the play of the week!!!

#BTC #etf #ai #Sei #Launchpool

Most traders don't know where to start.

Divide your trading in 3 steps:

1) Master one setup

- Practice
- Memorize
- Be the best on that setup

2) Execute

- Focus 100% on your setup
- Forget anything else
- Think in probability

3) Don't stop

- Be consistent
- Learn from your mistakes

Never forget trading is a long journey.

#BTC #etf #Sei #FIL #Launchpool

Trading it’s not a job—it’s a business.

And businesses go through busy and slow periods.

You won't always have a consistent income like a job.

But you will make MORE than a job if you treat it like a business!

#BTC #etf #Sei #FIL #Launchpool

10 Steps To Improve Your Trading:

1. Create a plan
2. Follow the plan
3. Manage risk
4. Work on mindset
5. Be open-minded
6. Never give up
7. Stay positive
8. Review trades
9. Trade less
10. Always be the student

#BTC #etf #ETH #Launchpool #ai

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.

#sol #BTC #NEAR #ORDI #SATS