TO BE A CONSISTENT PROFITABLE TRADER THERE EXISTS GOOD TRADING PRATICES YOU MUST MASTER:


Trading requires focus, discipline, consistency, intentionality and ruthless execution.
Let me simplify it, the key mastery you must develop as a trader⬇️
-Selective execution: not every trade setup is good for entry. Timing & market condition controls execution to a high degree.
-Timeframe mastery: Not all timeframe is good for your capital. Your loss threshold is highly important.
-Strategic edge: Not all trends, market structure, candle stick movement, trend pattern deserves risking for. Confirmations and specific strategy that has proven the test of up to 70%-90% delivering should be your focus.
-Identifying top opportunities: different trade setup delivers different epic profits. Only risk on epic setup with high probability of moving to your direction. When you find one, go all in but be sure you will survive if it fails.
-Patience: waiting is mostly the biggest edge you have. Patience cancels FOMO, euphoria, hype, and emotional trading.
-Discipline: The problem is not absence of strategies and trading rules, do your best to stick to them.
-Watchlist: keep looking at the chart 📉 till opportunity is created. Nothing is wrong with watching trade setups for hours, days, weeks and months and not executing until an opportunity is created.
-Risk: your risk proportion is your saving grace. Risk consistently. If you stick with losing $2 in each trade on a $100 capital, it will take 50 consistent back-to-back loses to burn your capital. Which is not possible except your village people are after you🤣. Also, consistent risk helps track your profit and loss which in turn helps you to improve.
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