This took me 10 years to master, I’ll teach it to you in 3 minutes:
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Become a One-Market Master First
Don’t spread yourself thin. Go deep instead.
– Pick one market that fascinates you
– Learn every quirk and pattern of this market
– Become the go-to expert for this niche
Test Your Ideas A Lot
Make sure your plan works before using real money.
– Test your strategy at least 30 times in the past
– Test it when markets are calm and crazy
– Test your strategies on all your markets (Don’t assume)
Trade More Than One Asset Class
Don’t put all your eggs in one basket.
– Start with one market, then add others slowly
– Look for markets that don’t move the same way
– Learn how different markets affect each other
Learn to Spot Trend Changes
Know when the market is changing direction.
– Study how trends start, continue, and end
– Look for price patterns that show trend weakness
– Practice spotting trend changes using exponential moving averages
Focus on Getting Better, Not Getting Rich
Slow and steady wins the race.
– Start with a small amount of money
– Care more about learning than earning
– Add more money only after growing your account significantly
Build a Strategy That Works Anywhere
Make a plan that’s good in different market conditions.
– Create a simple but dynamic strategy
– Add parameters that work when markets change
– Test how your plan works in different time frames
To learn more about How you can Start Trading for a living, sign up below for my Free Training on the “7-Steps to Financial Freedom through Trading”.
