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 š§µ:
( 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 doesnāt 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.
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