11/28/2023 0 Comments TAGR 2018 audio![]() Here’s what’s at the top of my trade journal for every single dayĬonfidence comes from preparation and probabilities.And do you have one strategy for one type of set up or do you have multiple for various scenarios. What are your three greatest mental principles that you have with you when you start your trading day. I’d bet on that process working out quickly vs someone who funds an account and dives head first hoping the secrets will just fall into their lap. That’s right – he went from a +500k year to trading on demo while the market is live to test strategies to avoid donating his hard earned money before putting in the work. He took the time to dig into details of the differences/similarities between our exchanges, rules, brokers, software, sectors, and he is trading on demo while he becomes comfortable. His plan was to make adjustments to his goals from $ gained to knowledge gained in a period of time. He didn’t just come over here thinking he would pick right up where he left off and jump in guns blazing. I recently met with an Australian trader, who nearly doubled my profits last year, that moved to Texas to talk about transitioning to the US markets.I rushed into things after a few big wins in 2013 and could have saved myself a lot of pain and suffering if I tested my process inside and out before chasing the dreams of overnight success. There is a lot of trial & error and losses are a reality of every strategy, but if you’re hemorrhaging money take a deep breath, step back, and make sure you’ve put in the work before coming to the market. Finding and edge/strategy that has a positive expectancy and you trust takes time.say, you were just getting started, knowing what you know and what you’ve experienced… what would be your number one focus?.this day trader learned, after returning 1400%. ![]() ![]() What this day trader learned, 4yrs after abandoning secure job Also keep in mind I am a very short term trader and most of my thoughts are not original but pieced together from many before me. I’d probably start with my 2 CWT interviews if you haven’t already to get an idea of my background and style. Some questions overlap a bit, but I kept them as is so hopefully everything ties together. I cut and pasted the exact questions from twitter and tried putting them in categories so there was somewhat of a flow to everything. This took a lot more time than I expected, but I wanted to make sure I got it right and didn’t want to doctor my answers to fit the typical mold – so if you don’t agree with everything or it doesn’t match what is taught by most just take what you want from it. ![]()
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