Want to break away from the pack in trading?
Forget the clichés.
Here are 5 unconventional steps to elevate your trading game:
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Get Comfortable with Boring
Exciting trades often lose money. Learn to like calm trading.
– Be happy with quiet, profitable trading days
– Don’t trade just for a thrill
– Find excitement in other parts of your life
Get Good at Saying No
Being able to skip so-so trades is a big advantage.
– Set a limit on how many trades you’ll make each day
– Make a list of trade setups you’ll always avoid
– Reward yourself when you stick to your ‘no’ choices
Learn to Do Nothing
Sometimes, not trading is the best move.
– Plan days where you don’t trade at all
– Practice watching charts without making trades
– Find things to do on quiet market days
Work with Your Body Clock
Not everyone should trade all day. Find your best trading time.
– Figure out when you’re most alert and trade then
– Try different trading timeframes (like holding trades for days)
– Plan your trading around when you naturally sleep and wake up
Trade Like a Scientist
Think of trading like a science project.
– Make a guess about what will happen for each trade
– Write down what the market is doing in your trading notes
– Analyze your trading results as data points
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”.
