๐ฑ My Best Friend is now at over $700k profit in 2023 from day trading
Here are the top 5 things that helped him get to this point๐
1. Having rules
He wouldn't be able to trade consistently with large sizes if he didn't have a strict set of rules he followed.
He always knows when He's taking a trade, when He's cutting a loss, and when He's making a profit.
2. Tight discipline
He's proud to say that after 5+ years of trading, His discipline is at an all-time high.
While He's not 100% perfect He's mentally in a place where He almost never strays from his rules and is able to execute in an almost robotic manner.
3. He dont force trades
If the setup isn't there He won't trade. Taking impulsive trades when there's no setup is a great way to donate your money to the market.
His biggest loss this year was from losing discipline one day and forcing horrible trades.
4. Accept the risk
You need to be okay with losing money if you want to make money.
He's always prepared to close a trade for a loss if it doesnโt go his way.
This keeps his losses tight and prevents him from bagholding.
5. Confidence + Time.
This didn't happen overnight.
It took thousands of hours of experience and screen time to get the confidence to take large trades when he see his setups.
So if you want to do big numbers, expect to put in big hours.