currencynerd

new year, new trader

Education
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Happy new year to all @TradingView users

A new year is often regarded as new and fresh beginning, the start of something new, i hope this is the year we excel and reach the kind of success and profitability we all long for and if you have reached it i hope to get the wisdom to maintain and improve on it.

here are some things to leave behind in 2023 that can help on your trading journey to being a successful trader:


-Fear of being stopped out or fear of taking a loss
- Getting out of trades too early
- Adding on to a losing position
- Wishing and hoping instead of having a sound approach to the markets
- Not trusting your trading system
- keep a trading journal
-overtrading ( random trades)

and here are the things you should consider doing to improve your trading in 2024:

-Educate Yourself
-Create a comprehensive trading plan
-Practice with a Demo Account
-Start Small: When transitioning to live trading
-Use Proper Risk Management always
-Stay disciplined
-learn from past mistakes

i hope this information helps you a lot. To a whole lot more trading knowledge sharing.

put together by : Pako Phutiestile ( @currencynerd )

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.