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boyLoyTRADER

@BoyLoy_618

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Trading is not easy. Consistently profitable trading is even more difficult. The ones that succeed in this field or have the highest chances of succeeding are the ones that enter trading with the most realistic expectations. Get the right tools first. Learn the skill. Put skin in the game.

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Successful trading is composed of 80% suffering and 20% pleasure. By suffering I mean the time spent: - Addressing your weaknesses. - Recognizing the times when you are wrong with zero ego involved. - Having the patience to not overtrade during your losing periods. - Sticking to your plan through good and bad and especially through bad. These are only four of the boxes that a successful trader ticks daily. If I had to condense all of that into one short sentence, I would go for A small ego can equal huge returns.

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LEADING INDICATIOR VS LAGGING INDICATOR

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Better Know Who You Are...! test which trading style suits you.

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In trading, it is almost a recipe for disaster to trade on rumors or follow other traders’ ideas. I am certain that in more than 99% of the cases, it pays to learn how to fish than to pay for the fish. Great traders are contrarian in their own ways. They certainly don’t think like everyone else. Great traders certainly don’t read the books that everyone else reads and they most certainly don’t visit the same blogs. Great traders are great, not just because they read a lot, but mainly because they ask more questions more often look for the right answers. Contrary thinking is just a way of thinking, but I believe that we should not put too much weight on it. It is just another way of looking at things and not a crystal ball. The only way to become good at trading is to become good at questioning. As the man from the street would say, “If you don’t think things through, you are through thinking.”

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