Psychology

Recently I saw a really great video on Youtube that really puts learning a new skill in perspective.

I’ll let you watch it for yourselves, but I really like the concept that the speaker is talking about.

Now I personally think it takes a little more time than 20 hours to get on top of trading.

It’s an incredibly challenging thing to learn.

But once you’ve been shown what to do and the right way to go about it, as the speaker talks about, I truly believe you can be on your way to profitability after 30 days.

That’s the way many professional trading firms operate. They have there new traders going live in 30 days from the time they join the firm.

So if you’re committed to learning and prepared to put in the work it’s certainly possible for you to.

Good Trading.

RC.

No trading strategy is perfect that’s for sure but there is one huge problems that I see new traders making over and over.

It’s so obvious and easy to fix that you can do it in only 5 minutes and you’ll improve your trading dramatically.

When new traders start out they become so captivated by watching the charts and following the DOM, they just want to dive right in and trade.

They have a strategy in their minds – but it’s not written down.

If you haven’t got your strategy down on paper then you have no way to stay accountable to yourself and no structure to follow.

The best way to put all your thoughts on trading together, is in a trading plan.

They can be as complicated or simple as you like, the most important factor of all though is that it’s written down.

A trading plan in whatever form it might be gives you a structure to follow and you can then make objective decisions.

Not guessing games as to which setup “seems best.”

Spend 5 minutes working on a trading plan that is down on paper and you’ll be amazed by the results.

Good Trading

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