
8:58 AM, 06/28/2023 I was able to make it above the break even. I have gone through many trials and tribulations to reach a point where I think I have made great progress in minimizing my losses (for the most part) and letting my winners ride. I still need to stay disciplined, remembering that one bad trade can wipe away all my hard work. If I think I'm good at trading, I'm not, because the market will humble me as it has done countless times. Profitable trading is about being a good loser and accepting when my theory/plan is not working while being patient enough to sell winning trades at my profit target and potentially letting them run further. My trading and knowledge account is a business that I must take seriously if I want to reach the big longer-term goals that I have. *Make and maintain a million dollars by age 25*. I am 21 now, working as an intern at a publically traded company listed on the S&P. I have been learning for 5 years and trading actively for 3 years. Trading is not just a side hobby for me and it never will be. Some insights I have gained: - My strategy has changed considerably over the years. Where I was ruled by FOMO and trading failing/unconvincing breakouts I have now shifted to dip buying because prices often correct if the stock has a good setup which in turn is a good buying opportunity. My strategy also yields greater risk to reward if I'm disciplined. - I don't need to trade every day, in fact, I shouldn't be. I should be picky and come out of "retirement" to "trade like a sniper." - When I see a great pattern forming to create a good setup I should be confident and go in with size (depending on market conditions.) - Don't be hesitant to make a trade just because I want to retain my profits over a certain threshold but if I am hesitant I should recognize that the entry price is not ideal so I should choose from options such as: not trading it, waiting for a better setup, or getting in with smaller size. - Tracking my trades has made the world of a difference. I started doing it in August of 2022, something that I should've done much earlier. Every trader must track and review their trades if they ever want to realize the chance of being a consistently profitable trader. - I still have a lot more work to do. Some shorter-term goals: further tightening my risk, adding more data metrics for review, keep learning/studying, and adapting to changing market conditions. TRADING IS A MARATHON & NOT A SPRINT


@TrevorM07 just became a fully transparent trader today!

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