7 HACKS TO BOOST YOUR TRADING
7 HACKS TO BOOST YOUR TRADING
If you do it right, trading is the most rewarding business in the world.
But most traders don't know how to win consistently for 3+ years.
7 hacks to improve 10x your trading:
1. Focus on risk, not money
Most traders focus 100% on money, take big risks, blow big accounts
- Focus on risk per trade, WR and RRR to improve your execution
- Money is just the tool to get more money
2. More trades =\= More gain
- Many traders think you'll have more opportunities if you take more trades
- The truth is that you don't need to catch every market movement
- Patience for the best opportunities is the best trading skill
Wait for liquidity areas. Focus 100%. Win.
3. Plans, systems, rules
Become a master of your weapons:
- Plan like a genius
- Execute systems like a robot
- Follow rules like a soldier
In trading there are no crystal balls, magic tools and lucky breaks.
4. Focus on the long term, not the short term
- You won't be a successful trader in 1 day, 1 week or 1 month
- Every loss, mistake and failure is a step to be successful in 2-3-4 years
- If you can overcome the learning curve, you can do anything
Rome wasn't built in 1 day.
5. Mistakes, journal, lessons
- Use mistakes to become a better trader
- Journal trades to understand your mistakes
- The lessons you learn from mistakes are your best teachers
You can't succeed in 3-6 months. Experience is not that cheap.
6. Thinking in probability
- Trading is a different business: 0% certainty. 100% uncertainty
- You fight uncertainty with edges, systems, data, rules, risk management
- Everyone can win 1 trade. Everyone can lose 1 trade
Every successful trader thinks in probabilities.
7. Shape your mindset
- 90% waiting, 10% execution
- Plans, systems, rules are your trading weapons
- Mistakes, journal, lessons are the fuel to improve your weapons
- Thinking in probabilities is the hack to control emotions
Your mindset is your most important trading asset.
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