- Prop Trader Edge
- Posts
- 95% of People Suck at Trading
95% of People Suck at Trading
Here’s a 4 step framework for better trading behavior
95% of People Suck at Trading. Here’s What to Do
95% of People Suck at Trading. Here’s a framework for better trading behavior👇
1. FOCUS ON ONE STRATEGY
✔️ Understand strategy inside & out
✔️ Know what time frames it works with
✔️ Know what instruments it works on
✔️ Don't get emotional with losses
✔️ Don't get emotional with wins
✔️ Focus on the strategy's odd
2. FOLLOW, DONT FADE MARKET SENTIMENT
You'll have more stress-free results by:
✔️ Buying in bull ⬆️ markets
✔️ Selling in bear 🔻 markets
✔️ Risk ON = look to buy
✔️ Risk OFF = look to sell
3. HAVE A TRADING GOAL 🎯
✔️ Everyone's goal is to make money
✔️ Quantifying what that means will help you stay focused on making & keeping your profits.
✔️ When you have a goal (like $200 a day), you focus on achieving it and then protecting it, growing it bit by bit
4. LESS IS MORE
✔️ Don't be tempted
✔️ Keep disciplined
✔️ Trade only when you have a setup
✔️ You'll be more profitable this way