TIPS FOR TRADING - ONE LAST THREAD

- Learn to understand price movement. Learn how, not why. The why is irrelevant.

- Confidence is normally the biggest factor in execution. If you don& #39;t trust your system you& #39;re never gonna be confident risk hundreds or thousand $ per setup.
- Trading isn& #39;t difficult. Learn to follow rules and teach yourself how to execute. That& #39;s the hard part.

- The most recent level of market structure is the most important.

- Market structure is everything for me. Not a fucking RTO lmao.
- Backtest everything. Like everything. The more data you have the better.
Everything I do is based on constantly evolving statistical analysis on the markets.
You can literally design your system based on the results you& #39;ve found.

Don& #39;t be fucking lazy. Put in the work.
- Historical data is the most underrated tool we have as traders.

- Risk should be based on your system. Got a 80% strike rate, then risk a little more. Strike rate 50%? Risk less. Consistency will obliterate your losers when they occur.
- Fractals are so misunderstood in this space it& #39;s scary. Learn what fractals are and how they relate to the markets.
These patterns occur everywhere. Tick charts right up to monthly level.
- Low time frames are not scary. They can be used alone or in conjunction with other charts, but I personally use structure around the time frame I& #39;m using, and I& #39;ve backed that up consistently.
1m charts in fx are free money if you know what you are doing.
- Block out the noise. You wanna be a world class trader then you can& #39;t be fucking around sending memes to farm animals on twitter.

This shit could change your life if you do it correctly. It changed mine. DO it.
- Demo is underrated. Practice execution, practice spotting your setup and pulling the trigger. Then once you& #39;ve got a good set of stats from live markets and your risk of ruin is 0 you go balls deep.

The psychology of using real money is tough, but you gotta learn.
- If you& #39;re starting out, make sure you have at least 1 years living expenses before quitting your job and going full time.

I struggled at the start as I didn& #39;t have enough $ to keep me going and was taking profits out of my account which slowed account growth.
- Don& #39;t give up. If you want this you will get there. It takes a lot of courage to risk it all so be proud of yourself when you get there.

- NEVER look at your PnL during a trade. This fucks you up. Trust me. If you have targets, then set and forget.
- DO NOT add any subjectivity into your trading. It& #39;ll do nothing but abscond your profits. If you have a system, fucking stick to it. It shouldn& #39;t be that hard but it is.
Trust your stats, the results don& #39;t lie. Let them speak for you in the market.
- Drawdown will come. When it does, be prepared for it. Lower risk after a few losers to preserve capital. You can always up risk back once you& #39;re over the slump.
A few good trades can wipe out an abundance of losers.

- Don& #39;t emotionally invest in an asset.
That& #39;s all that comes to mind right now. I& #39;ll continue to add to this over the weekend so I can leave on a high note doing what I initially set out to do, teaching.

Cheers.
You can follow @Trader_xB.
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