Goals. Something you should all have on a doc or written down somewhere at the minimum. A truly vital part to your success. Without goals, how can you track your progress? Set your goals so high that they even scare YOU. Is it ok to not hit your goals? Absolutely. Is it ok not to try? Absolutely not. Of course you want to hit you goals, that’s the whole point. And you should be hitting most of them. However, if you set your goals so high that you might not hit them, it falls in the line of “shoot for the STARS 💫 and be ok with landing on the MOON 🌕” If you set your goal for a 10K bank account in 6 months, and you have 1K, let’s say you end up with 6K. If you set it “realistic” and aim for 5K, you
Doubts. Something we all experience on our journey to the top. Wether it’s friends, family, random people on instagram or yourself, they are quite prevalent on our roller coaster ride of success. However, the 🔑 is to not let them get to your head. Doubts will even exist on the charts if you allow them to. Doubts are from fear, and fear will cause you to close trades early, not follow your trading plan, miss good opportunities, etc. Never give in to the doubts surrounding you. Once you succumb to them, you will be left with your past. The pressure is real, but never fold ☝🏻 you’ll be glad you stuck the ride out once you’ve made it. You’ll see what life truly has to offer.
Transparency. Something you’ll almost never see. Especially, here on instagram. All social media is, is simply a highlight reel of ones success. What you see on my instagram highlights, are simply the highlights of my life. Don’t think for a second i haven’t seen failures and i don’t to this day. I’ve seen PLENTY, and they come and go as we push ourselves to improve on this journey. 🌎 I make mistakes. Plenty of them. I struggle with emotional control especially. I’d be lying if i was gonna sit here and tell you i’m a god at trading. But the difference between most traders and the select few who are actually legit, they will never tell you their flaws. They will never show their mistakes. I’m guilty of this too!
Trading. A purely psychological game. Nothing more, nothing less. Your strategy will account for roughly 15% of your success, however the other 85% is your own mental state on the charts. I’ve been trading for 2 years. My psychology still isn’t perfect. However, it has come a long way. I still have much more to learn in this game. So if you aren’t at where you want to be at in trading, now you know why. I highly recommend at least keeping some sort of trading log to track your trades. Make sure you include if you followed your trading plan or not, because that’s where most trading errors occur. Either your criteria doesn’t have an objective set of rules you shouldn’t break, or you just don’t follow them. All traders are guilty of this at some point
The long game. Something no one learns to appreciate. Everyone wants results NOW. Everyone wants the money NOW. It’s like if you don’t have it now, something is wrong. But trading, is the opposite of NOW. Focus on building consistency… That’s about it. The only thing that genuinely matters is the skillset. Once you have the skillset, and you can remain consistently profitable… The rest will become history. You will have doctors and lawyers at your fingertips begging for you to trade their capital. I promise. Take action from this post! Show me your live MT4 account in 4 months via direct message. I don’t care about the account size. ☝🏻 Bless up traders
Account sizes… A very overlooked thing by new traders. Your account size and bank account should go up in parallel! If your trading your whole life savings… you’re doing it wrong. Trade with money you would be comfortable with throwing in a fire! Your account is never fully safe. Trade your plan with discipline, follow your rules and if you happen to remain profitable for the week - withdraw! The reason account size is so important is the effect it will have on your emotions, which will impair your decision making and emotional stability on the charts. If your trading half your bank account, no wonder you can’t stay consistently profitable! Start small, work your way up as you become comfortable and manage risk. Follow your trading plan on a day to day basis on top of all of that, and you WILL see the results you desire! 🙏
Change... Every humans biggest fear. Something we must overcome to see the best version of ourselves.... ———————————————————————— If you ever notice, you’ll find some adults who are happy and some adults who are just grumpy. Just like people of all ages, but there’s one detail that really stands out about that age group - they’ve probably been bitter for their entire lives! ———————————————————————— That is because most people are too scared to change their own ways 🤷🏻♂️ and 90% of who do decide to attempt to change their old way, will soon return to their programmed thinking. ———————————————————————— The point I am trying to make here is - don’t be like 90% of people and never change! Force yourself to constantly adapt, drop old habits that won’t do you any good moving forward, and try to improve YOURSELF 1% daily.
Entries are everything. ————————————————————— Entries can be the difference between a profitable and a non profitable trader. Plain and simple. Entries make up your risk reward, which is the most important part of the trading numbers aspect. ————————————————————— If you find yourself entering more than one time on a trade often... your probably doing something wrong, and not making as much money as you should, or at all. ————————————————————— Practice patience... wait for a proper retest or two before entering. Don’t force an entry or 90% of the time you will lose. And don’t just enter because it’s a good opportunity... you have to wait for the right time with proper risk reward to be profitable 🤞🏻 #ITC ‼
Trading is a you vs you game... 👁📈 ————————————————————— It will force you to face every previous, negative emotional habit you’ve developed since a youth. And trading will make you want to rip your eyes out if you don’t. ————————————————————— All of your decisions up to this point, you are accountable for. But, past performance doesn’t indicate future results. If you want to change your habits, change your ways to become a successful trader, take action NOW! ————————————————————— Plain and simple... Stop ✋ forcing yourself to take trades you normally wouldn’t, stop looking at your dreams in the charts, and stop risking more than you need to. ————————————————————— Recognize your emotional patterns... Take action against them... Rinse, repeat, win. 🤞🏻📈 #ITC