most of trading is about not second guessing your setups and just taking them
and then not messing around with stops and profit targets
if you can just do that, your results will likely be much better
Most people expect trading to be fun, and easy, and also quickly pay them millions of dollars
Is there any other profession that works that way?
No, of course not
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most traders are only one or two major road blocks away from big success
they just can't / don't address those things
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Don't trade for money
That's not how this work
Learn the game, see it as a skill
The money will come, but it shouldn't be your main focus off the bat, because it's not just around the next corner
One of the most important things in trading is being able to continue to take the same trades regardless of losses
You'll never make money if you're constantly walking away from good setups because they happen to have a string of losses
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Trading is hard
Don't get down on yourself
Mentally, it's very challenging
Take it seriously, constantly be improving, and give yourself time - there is no get rich quick
Don't overthink trading
Treat it like a business
Understand the mechanics behind how money is made long term
Don't engage in gambling
Most of trading success is found in the simple things
It's not rocket science
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important to take time away from markets
it's a business, it's a job - it doesn't need to be something you can't take a break from
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trading is tough
don't beat yourself up
don't stress that you haven't gotten to where you want to be
if it was easy everyone would be doing it
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Nothing more fun than winning money
That's what makes trading so hard
Don't indulge the highs of winning or the lows of losing
Be a pro
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Trading can either make you money
Or be a thrill
It’s not going to be as exciting as gambling and also pay you large sums of money
Treat it like a business and it can pay you like one
Treat it like a casino and it’ll cost you
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One of my favorite weekly SPX automated strategies
Numbers are incredible going back 25 years...but there's a catch - what is it?
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Either take trading seriously or don't bother
Find something better to do
The worst place you can put yourself in is one where you dabble, you treat it like a hobby, you play around with it...
Complete waste of time
Be a pro, or do something else with your time