In the beginning, take your time to learn and absorb all the knowledge. Build a strong foundation that can be used later on in your trading career. Do not rush so that you can start earning money.
Many of you tried to look for shortcuts. Let me tell you, there is none. You won’t believe me now. Trust me. A few months or years down the road, you will realized that you’ve wasted all these time for nothing.
It’s not about how fast you can profit from the market. It’s not about how fast you can trade live. It’s not about how fast you can do your technical analysis. Your journey will look different from mine.
It can take me months to understand concepts like sell-side and buy-side liquidity, but it could take you only a few days. There is no shortcut to application. You have to put in the work to grow. You won’t see this immediately. You can only see growth over time. This is the only shortcut you have in trading.
95% of the traders out there don’t stick to a system of learning and applying what they’ve learnt. They think that by apply some RSI and EMA, they are able to make it big. If it’s so easy, why are 95% of the traders not profitable?
Many traders think that a system is shit after a few losing trades. There are ups and downs in trading. You can’t win 100% of the time.
There are 5 outcomes in trading.
1. You win big
2. You lose big
3. You win small
4. You lose small
5. Breakeven
If you can eliminate #2, you’re going to be a profitable trader.
Aside from focusing on trading, you must take care of the conditions outside of trading. Having good personal relationship with your family and friends.
Your financial situation need to be a at good position to invest before you start trading. This is a very difficult psychological environment. You’re risking money everyday. You’re managing money everyday. You need to find a way to detach yourself from the need of profiting every single trading session.
To remove the stress and psychological barrier, write them down. Many of times, once you’ve written them down, you can be aware of these issues. 80% of the time, these are mental blockages and has nothing to do with your potential. By acknowledging these thoughts, you can control them from a psychological standpoint and prove them wrong. By proving these issues wrong, you destroy the stress and psychological barrier in your head.
Overthinking is the biggest causes of losses or lack of profits in trading. Thinking about it more or putting more work into it is probably going to have a negative impact on you in the moment. Put that work into finding a way that can expedite your decision making process. All the thing that once your decision is made, can divert your attention so you’re not there stewing on it.
Trading is the same as hitting the gym. All new or unprofitable traders seem to think that for all the profitable traders that are able to trade correctly that there’s this golden nugget. There’s this piece of information that people are holding back to stop them from succeeding. To be strong and muscular, he performs the same squats, the same bicep curls, the same bench press that 99% of gymgoers do everyday. The only difference is that he did it over and over again consistently. He never miss workouts and never create excuses, so that he can push himself to achieve his goals . The exercises are exactly the same, but the differences in results based on compounded discipline and effort is where the differences lie.
Stay consistent. Stay safe. Success is just around the corner.
If you enjoy such content, feel free to click the like button and subscribe for more.
Let me know what are your thoughts and learning points in the comments below so others can learn from you too!
Please let me know what kind of topic you would like to read next :)
Many of you tried to look for shortcuts. Let me tell you, there is none. You won’t believe me now. Trust me. A few months or years down the road, you will realized that you’ve wasted all these time for nothing.
It’s not about how fast you can profit from the market. It’s not about how fast you can trade live. It’s not about how fast you can do your technical analysis. Your journey will look different from mine.
It can take me months to understand concepts like sell-side and buy-side liquidity, but it could take you only a few days. There is no shortcut to application. You have to put in the work to grow. You won’t see this immediately. You can only see growth over time. This is the only shortcut you have in trading.
95% of the traders out there don’t stick to a system of learning and applying what they’ve learnt. They think that by apply some RSI and EMA, they are able to make it big. If it’s so easy, why are 95% of the traders not profitable?
Many traders think that a system is shit after a few losing trades. There are ups and downs in trading. You can’t win 100% of the time.
There are 5 outcomes in trading.
1. You win big
2. You lose big
3. You win small
4. You lose small
5. Breakeven
If you can eliminate #2, you’re going to be a profitable trader.
Aside from focusing on trading, you must take care of the conditions outside of trading. Having good personal relationship with your family and friends.
Your financial situation need to be a at good position to invest before you start trading. This is a very difficult psychological environment. You’re risking money everyday. You’re managing money everyday. You need to find a way to detach yourself from the need of profiting every single trading session.
To remove the stress and psychological barrier, write them down. Many of times, once you’ve written them down, you can be aware of these issues. 80% of the time, these are mental blockages and has nothing to do with your potential. By acknowledging these thoughts, you can control them from a psychological standpoint and prove them wrong. By proving these issues wrong, you destroy the stress and psychological barrier in your head.
Overthinking is the biggest causes of losses or lack of profits in trading. Thinking about it more or putting more work into it is probably going to have a negative impact on you in the moment. Put that work into finding a way that can expedite your decision making process. All the thing that once your decision is made, can divert your attention so you’re not there stewing on it.
Trading is the same as hitting the gym. All new or unprofitable traders seem to think that for all the profitable traders that are able to trade correctly that there’s this golden nugget. There’s this piece of information that people are holding back to stop them from succeeding. To be strong and muscular, he performs the same squats, the same bicep curls, the same bench press that 99% of gymgoers do everyday. The only difference is that he did it over and over again consistently. He never miss workouts and never create excuses, so that he can push himself to achieve his goals . The exercises are exactly the same, but the differences in results based on compounded discipline and effort is where the differences lie.
Stay consistent. Stay safe. Success is just around the corner.
If you enjoy such content, feel free to click the like button and subscribe for more.
Let me know what are your thoughts and learning points in the comments below so others can learn from you too!
Please let me know what kind of topic you would like to read next :)
Prop Firm Funded Trader
Find out more about me here: linktr.ee/kt_fx
Find out more about me here: linktr.ee/kt_fx
