Trading can be exciting and profitable, but it's important to spot habits that might hurt your success. Here are key warning signs to help you become a more disciplined and successful trader:
Constantly Checking Charts : If you find yourself compulsively opening your charts every hour and feeling physical discomfort if you don't, it's time to reassess your...
👋 Hello, and welcome my name is Dean Muller from WealthTIP where our tip for wealth is to trade invest and prosper, today’s post is focused on the 3 rules that I believe you need to follow if you want to actively and successfully trade the markets while still working a full-time job, business, or side hustle. So, if you enjoy this type of content then go ahead to...
We've all done it.
At some point in your trading journeys bad habits set in.
Here is my four trading habits you've got to kick in order to stay profitable.
1. Overtrading
We all been there with this one.
We think we have to be in the market all the time.
We don't and its okay to be flat at times.
No strategy should have excessive trade volume.
More time...
Consistently profitable traders have a lot of things in common. Watching how they act and following their ideas & thoughts we can spot a lot of commonalities among them. In this post, I have collected 8 trading habits that a trader should have to become successful.
1️⃣ - Realistic Expectation & Vision
Many traders, most often beginners, commonly fall for the...
Revenge trading!
It all catches us all out at some point in our trading journey's.
The markets don't care about your loss and neither should you!
Losses are a part of trading and have to be accepted.
No one can be right 100% of the time regardless of method used.
Revenge trading will add to those losses and compound that account draw down even more....
Becoming a trader is not a journey for the faint of heart. Becoming a successful trader is ultimately an act of determination . Not unlike the titular character of the John Wick trilogy (Quadrology? Pentology?), we traders have to be "a man of focus, commitment, sheer will." (and I'm certainly not being sexist... this goes for you female traders as well!) We...
Have a trading schedule. Start, finish and check the charts the same time everyday. Many new traders never develop a trading routine. This leads to them checking the charts too often or having long breaks between trades.
