๐โโ๏ธ Iโm now at over $845,000 profit in 2023 from daytrading.
โ
Heres the top 5 things that helped me get to this point:
๐ญ. ๐๐ฎ๐๐ถ๐ป๐ด ๐ฟ๐๐น๐ฒ๐โ
I wouldnt be able to trade consistently with large size if I didnt have a strict set of rules I follow.
I always know when Im taking a trade, when Im cutting a loss, and when Im taking profit
๐ฎ. ๐ง๐ถ๐ด๐ต๐ ๐ฑ๐ถ๐๐ฐ๐ถ๐ฝ๐น๐ถ๐ป๐ฒโ
Im proud to say that after 5+ years of trading my discipline is at an all time high.
While im not 100% perfect Im mentally in a place where I almost never stray from my rules and am able to execute in an almost robotic manner.
๐ฏ. ๐ ๐ฑ๐ผ๐ป๐ ๐ณ๐ผ๐ฟ๐ฐ๐ฒ ๐๐ฟ๐ฎ๐ฑ๐ฒ๐โ
If the setup isnt there I wont trade. Taking impulsive trades when theres no setup is a great way to donate your money to the market.
My biggest loss this year was from losing discipline one day and forcing horrible trades.
๐. ๐๐๐๐๐ฉ๐ญ ๐ญ๐ก๐ ๐ซ๐ข๐ฌ๐คโ
You need to be okay with losing money if you want to make money.
Im always prepared to close a trade for a loss if it doesnโt go my way.
This keeps my losses tight and prevents me from bagholding.
๐. ๐๐จ๐ง๐๐ข๐๐๐ง๐๐ + ๐๐ข๐ฆ๐.โ
This didnt happen overnight.
It took thousands of hours of experience and screen time to get the confidence to take large trades when I see my setups.
So if you want to do big numbers, expect to put in big hours.
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