Here’s FIVE Trading lessons I’ve learned after blowing Two trading accounts

I’ve found consistency in this market after learning these lessons. I really hope someone out there can relate to some of these lessons and become a better trader ✍️

Lesson 1: Journal Everyday 📓

Write down every single trade that you take. How did you feel when you were in this trade? What type of trade was it? Did you follow your system? What time did you take the trade?

If you aren’t big on writing use @tradersync
Going back and reading your trading journal will show you what works best for YOU. It will show you what time of the day do you normally kill it and what type of trades have a higher win rate. From there you discard what isn’t working and implement what is working.
Lesson 2: Have patience

Of course you need to have patience waiting for clean set ups, but the biggest thing you need to have patience with is this journey!
It takes real time and effort to build skill. That same approach you had waiting 4 years to attain a degree is the approach you need in trading. You jump in the game and see crazy P&L’s left and right, but you don’t see all the time and effort traders put into this.
Lesson 3: Truly Accept Losses

Before hopping into a trade you
need to have a clear understanding
that you may lose. If you truly
accept the fact that you may lose
why are you constantly moving
your stop down?
Losing trades is apart of the game
it will happen and it's nothing you
can do about it. If you don't get
use to losing you will eventually get
bagged or even blow up your
account.
Lesson 4: Taking Responsibility

I was the guy who hated
@MrZackMorris when $wish didn't
hit but loved him when $cei went
to $4. No one is forcing you to buy
anything. No matter what's the
outcome of a trade, you are
completely responsible. You are
the only one hitting BUY/SELL.
Lesson 5: Pace your learnings

Information overload and trading doesn’t mix well. Put in way more screen time than learning new strategies. Your questions about the market will naturally come and your learnings won’t be so overwhelming.

More from Tradingthread

Thread of my threads:

"Reading the Tape" / Level 2 / Time and


EMAs /


Supply and


Position sizing, risk management and trading around your
So I'll give you a breakdown on which website I use to check my DD along with mainly using my PLATFORM as the MAIN source of information. But other websites are also used. . Then I will provide you with a youtuber whose name is RILEY ..

his content from the playlist start with "how to read stock charts". It's precise and on point and short enough for you to get through this week even if you did one video tonight .. I like his teaching method .. he's slow and very easy to understand

As for DD. It comes from many factors. Mainly the trading platform itself has updated news posted on the ticker you want to trade.
https://t.co/1f8wQs1LcA

Really liking this website it has breakdown of the financials & summary of SEC filings. (con'd)

Also a whole bunch of other stuff that it focuses on the companies that you search. As for what I look for?

10-K & 10-Q.
Read 8Ks ..company updates
Also look to see if they did an recent Offerings (S-4 filings)
Also look to see S-3 filings for upcoming dilutions.

cont'd

https://t.co/nxP0hAJ4UH (Great place for quick articles on many stocks that are posted by analysts who do very good work digging info)

https://t.co/KsYqlmTlQ8 for quick news info
https://t.co/v5xGZqWhbn For constant world news
🚨CRASH COURSE THREAD🚨

Below YOU will find a thread to ALL my #InestrTradesCrashCourse!

Please ❤️Like, 🔁Retweet & ✅Follow if you want more videos!

I Will continue to add content to this as I create more crash courses for you guys!

Tools Used:
@unusual_whales

https://t.co/6HpP0YeJoj


https://t.co/It3cOSqxkj


https://t.co/lc7HAXqXKz

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