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- Take 5 trades - Follow your system - Never break rules - Analyse your 5 trades - Track mistakes, decisions, emotions while you trade - Reflect on what you learn - Repeat
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
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
🟢This is the origin we need to form the base of the supply zone. This base will help us draw the zone. Once we have dropped we are now forming a new base for either a demand or another supply.
🟢This is the origin we need to form the base of the supply zone. This base will help us draw the zone. Once we see the move down it will create another base forming the demand zone.