Trading 101
90% of traders lose 90% of their money within 90 days of depositing it.
If you were to go to a lake every day and watch it from sunrise to sunset, you’d start to see the natural patterns unfold. The daily patterns of when the fish feed, the seasonal patterns of when the birds migrate. You’d start to understand the climate and how the weather impacts the lake. At some point you’d be able to predict the activity around the lake. “The fish will be right here every morning at 10:00 AM, and the geese will be here every Spring”. Now apply that same process to trading the markets. If you show up and pay attention every day you’ll start to see patterns develop on the charts to the point where you’ll be able to predict what happens next with high accuracy.
Most people lose their money because they don’t have a real plan, don’t have a mentor, and didn’t study the market.
To be a profitable trader you must be willing to do what the other 90% of traders aren’t doing. While they are watching Netflix you’re studying the charts, while they are eating junk food and playing video games, you are eating clean and studying the charts. While they are trading and hoping for life changing money, you are following your plan and taking logical profits.
Using techniques like :
meditation
manifestation
positive self-talk
exercise
clean diet
cold showers
sauna
aromatherapy
breath-work
moderating social media
cutting toxic people out
will have a positive influence on your life and increase your chances of making good logical trading decisions consistently, rather than emotional ones that will drain your account over time.