You heard it before 95% of all traders lose money in the markets.

All traders start with the dream to get rich quick.

This is what you can change in order to profit from the markets and to begin to drastically change your circumstances.

Time for a thread https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">

1) It all begins with understanding a few key concepts. Sit down with yourself and have a talk actually reprogramming your brain.

Commit to these important points and you will see a drastic improvement in your performance results quickly turning the corner to profitability.

2) Traders sell winning traders quickly as they are afraid small profits will turn into a loss and hold onto losing positions hoping they will come back to break even.

In order to be profitable you have to hold onto your winners and cut your losers short.

3) To achieve cutting your losing trades short you must have the same risk per trade on each and every trade and honor it no matter what.

Otherwise you will fail.

It doesn& #39;t matter how far or close your stop is the risk per trade is the same.

4) Once you enter a trade do not exit a trade until your stop loss has been reached or you take profit and the move.

Honor your original analysis.

Otherwise you will be exiting trades too soon that would had ended up in profit.

5) Once a trade has moved a certain amount you take a small piece of profit and move your stop loss to breakeven.

This means a certain amount of trades that you had in profit will end up stopped out at breakeven. You must be okay with that otherwise..

6) You will never have trades that are allowed to run into profit. Remember the secret is to sell your losers short and let your winning trades run.

Traders sell winners at a 50% higher rate than losers. Understand that is backwards if you want to turn the corner.

7) You will never know when the exact moment a new trend begins or existing trend ends. Make your money in the sweet spot where it is obvious.

Picking top and bottoms is an expensive gambling habit and a losing game.

8) Winning is all about layering edge upon edge in your favor.

This includes:

What market you trade-
What instruments you trade within that market-
How often you trade-
What time frame you choose-
The time of day you execute trades-

9) Waiting to attack on the sidelines is a strong position.

When macro and technicals line up is when the magic really happens.

Timing is everything. You can be right about the trade and lose money if your timing is off.

If you learned something today and want to receive more updates about trading and making money in the markets, subscribe below to my YouTube channel and receive an invaluable education.

Subscribe here: https://www.youtube.com/channel/UCN2WmKUchJpIcS1MupY-BuA?sub_confirmation=1">https://www.youtube.com/channel/U...