One tip I can give to a fearful trader is to trade smaller.
Keep reducing risk to your comfort level, and slowly work your way up.
Rome wasn't built in a day and it's the same for your trading account.
Keep reducing risk to your comfort level, and slowly work your way up.
Rome wasn't built in a day and it's the same for your trading account.
How to tell when Support or Resistance will break so you donβt get caught on the wrong side of the move
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Don't focus on goals like: I want to make $20k a month.
It will NOT improve your results.
Instead, focus on the process like:
I will follow my plan consistently regardless of the outcome.
I will stay out of the market when I don't have a setup.
I will journal my trades.
And etc.
It will NOT improve your results.
Instead, focus on the process like:
I will follow my plan consistently regardless of the outcome.
I will stay out of the market when I don't have a setup.
I will journal my trades.
And etc.
3 Trading Lessons I Learned The Hard Way
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There's more to life than just trading.
Family, friends, relationships, experiences, and the world.
Just because you have a bad trading day doesn't mean it's over. Savour what life has to offer and fight another day.
Your family, friends and the world still needs you.
Family, friends, relationships, experiences, and the world.
Just because you have a bad trading day doesn't mean it's over. Savour what life has to offer and fight another day.
Your family, friends and the world still needs you.
This is the trading strategy used by Jesse Livermore, Ed Seykota, and Richard Dennis...
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There are many ways to make money in the markets but only a few ways to lose.
Focus on being a good loser and the money will take care of itself.
Focus on being a good loser and the money will take care of itself.
Exiting your trades based on emotions will usually be at the worst possible price (when you can't take the pain any longer).
Instead, pre-determined your exit when your head is clear β and stick to it.
You'll do much better in the long run.
Instead, pre-determined your exit when your head is clear β and stick to it.
You'll do much better in the long run.
Trading For A Living - Expectations Vs Reality
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My Healthy List:
Exercise 3 times per week
Focus on the positive
Drink lots of water
Smile at everyone
Show gratitude
Sleep 8 hours
Laugh often
Ignore trolls
Read daily
Write daily
Cut sugar
Eat veg
Exercise 3 times per week
Focus on the positive
Drink lots of water
Smile at everyone
Show gratitude
Sleep 8 hours
Laugh often
Ignore trolls
Read daily
Write daily
Cut sugar
Eat veg
How a 108kg Fat Kid Who Sucked at Studies Became a Happy Trader
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Going after a dream has a price. It may mean abandoning our habits, it may make us go through hardships, or it may lead us to disappointment.
But however costly, it's never as high as the price paid by people who live in their comfort zone. β Paul Coelho
But however costly, it's never as high as the price paid by people who live in their comfort zone. β Paul Coelho
Best Trading Opportunities (February)
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Advice to new traders:
Youβre not going to get rich quick
Don't hop from system to system
Have a planned exit for every trade
Limit your loss to a fraction of your capital
Your entry is only a small part of the equation
The early years are for learning, profits come later
Youβre not going to get rich quick
Don't hop from system to system
Have a planned exit for every trade
Limit your loss to a fraction of your capital
Your entry is only a small part of the equation
The early years are for learning, profits come later
The Complete Guide to Risk Reward Ratio
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Don't memorize patterns, candlesticks, and etc.
If you want to get better at this game, ask yourself:
What are traders on the sideline thinking?
Where will other traders get trapped?
Whereβs the path of least resistance?
Where will new players enter?
Where will losers cut loss?
If you want to get better at this game, ask yourself:
What are traders on the sideline thinking?
Where will other traders get trapped?
Whereβs the path of least resistance?
Where will new players enter?
Where will losers cut loss?
Forex Trading: How Much Money Should You Start With?
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Remember these trading lessons:
Potential loss is more important than how much you can make.
No matter how sure you are, things can go wrong.
Good outcome doesn't mean it's the right choice.
Bad outcome doesn't mean it's a wrong choice.
If you risk small, nothing can destroy you.
Potential loss is more important than how much you can make.
No matter how sure you are, things can go wrong.
Good outcome doesn't mean it's the right choice.
Bad outcome doesn't mean it's a wrong choice.
If you risk small, nothing can destroy you.
Iβve created this monster guide to teach you everything you need to know about candlestick patterns without memorizing a single one
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There are no perfect entries:
Breakouts may be false.
Pullbacks may never come.
"Confirmation" may be too late.
The faster you accept, the faster you learn.
Breakouts may be false.
Pullbacks may never come.
"Confirmation" may be too late.
The faster you accept, the faster you learn.