Ninja Talks EP 4: Trading is Easy
Trading is actually super easy, but the overcomplication by Bambi traders and even experienced wannabe traders is monumental.
Trading is basically three components;
(1) Techniques
(2) Risk Management
(3) Psychology
Techniques are very easy to find, you see them everywhere - finding one with a slightly higher win rate etc seems to be the goal of most traders, but regardless my point is there is an over supply - so that's not making you lose.
Risk management is fairly simple, risk 1-2% per trade and compound account - easy.
And the third (psychology) is literally THE MOST IMPORTANT ASPECT, yet nobody gives a sh1t - why? Because it's not "sexy".
Psychology decides so much, from when you enter, exit, how you feel before, during and after a trade, routine etc - the list is endless with the actual important components you use on a day to day week by week basis.
But it's boring.
To most.
Not to me.
So here's how to conquer your psyche in three simple steps:
1) Analyze the charts once a month, week or day (depending on your timeframe).
2) Set alerts at key levels above and below current price.
3) Respond to alerts from your phone as/when they're triggered with one simple question - Buy, Sell or most importantly WAIT.
This simple three step process controls emotions and by proxy psychology.
It's up to you if you want to trade for a living or gamble.
You have the power.
Choose.
See you in the next episode.
Nick
Trading is basically three components;
(1) Techniques
(2) Risk Management
(3) Psychology
Techniques are very easy to find, you see them everywhere - finding one with a slightly higher win rate etc seems to be the goal of most traders, but regardless my point is there is an over supply - so that's not making you lose.
Risk management is fairly simple, risk 1-2% per trade and compound account - easy.
And the third (psychology) is literally THE MOST IMPORTANT ASPECT, yet nobody gives a sh1t - why? Because it's not "sexy".
Psychology decides so much, from when you enter, exit, how you feel before, during and after a trade, routine etc - the list is endless with the actual important components you use on a day to day week by week basis.
But it's boring.
To most.
Not to me.
So here's how to conquer your psyche in three simple steps:
1) Analyze the charts once a month, week or day (depending on your timeframe).
2) Set alerts at key levels above and below current price.
3) Respond to alerts from your phone as/when they're triggered with one simple question - Buy, Sell or most importantly WAIT.
This simple three step process controls emotions and by proxy psychology.
It's up to you if you want to trade for a living or gamble.
You have the power.
Choose.
See you in the next episode.
Nick
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.