Disliked{quote} hey I know this most likely isn’t usual on this site anymore but I’m a new to trading just now taking it serious after a year of procrastinating just graduated any tips or rules every trader should follow & any feedback would be greatly appreciatedIgnored
1. Stop looking for holy grail indicator for entry, it does not exists and entries are mostly irrelevant.
2. Spend 3 years looking at preferred market and work hard everyday and journal(every day) to gather statistics to understand what would be the best Money Management rules once you are in the market.
3. Spend next 2 years learning how to control your MindFuck(Fear and Greed), so you can actually execute your plan and not runaway after DD or shortchange yourself on TP.
4. After 5 years start small and add small fraction to a position every week you make a profit, do not add every loosing week.
This is what I did and after 5 years of very hard 20 hours a day work, I have been profitable for the last 5 years with 100% + profit.
There are no shortcuts. I make now in a year what average Doctor + Lawyer make together.
After reading this, you most likely will go to the next thread and continue looking for holy grail indicator or a system...if you do that, you will be just a part of 95% losing trader statistic.
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