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Day 1-5: The Game Plan 📓
Day 1: Write Down Your Short Term and Long Term Trading Goals.
Day 2: Figure out what time frame you can dedicate to the market. Ex. The Stock market operates from 9:30am-4:00pm. Will you be able to trade the morning or afternoon session? Layout what your weekly schedule is going to look like.
Day 3: Remove tasks that is not going to get you closer to your desired results. Say No to everything for the next 30 days.
Day 4: Write down habits you can perform daily to get closer to your desired goals. Ex: Wake up early, study 1-2 hours, 1-2hr screen time.
Day 5: Find a community of like minded individuals to accelerate learning process.
Day 6-10: Applying Pressure
Day 6: Become a sponge and learn everything you can for free on Youtube, discord communities, podcasts. Tip: Invest in a mentor.
Day 7: Start learning 1 strategy and back test 100 times and aim for a 50% Win Rate. Ex. Supply & Demand, TheStrat, Chart Patterns, SMC.
Day 8: Practice on a paper account and journal each trade taken from that 1 strategy. Stay consistent with trading the same set up.
Day 9: Continue to backtest and trade on paper account until you are confident.
Day 10: Once you are comfortable with the trading set up, fund a small account and trade live.
Day 10-15: Risk Management
Day 11: Figure out your risk tolerance. How much can you comfortably lose per trade? What amount do you start becoming emotional?
Day 12: Double and Grow the small account and start scaling slowly. Ex. If you are used to trading 1 contract, practice with 2 contracts.
I am running out of room, comment “Gameplan” if you want the complete daily task you can perform to help you become a profitable trader.
Follow @Tsugitrades for daily trading tips
#daytrading #tradingstrategy #swingtrading #stocks #tradingforbeginners #technicalanalysis #howtotrade #trading #candlesticks #stockmarket #crypto
Day 1-5: The Game Plan 📓
Day 1: Write Down Your Short Term and Long Term Trading Goals.
Day 2: Figure out what time frame you can dedicate to the market. Ex. The Stock market operates from 9:30am-4:00pm. Will you be able to trade the morning or afternoon session? Layout what your weekly schedule is going to look like.
Day 3: Remove tasks that is not going to get you closer to your desired results. Say No to everything for the next 30 days.
Day 4: Write down habits you can perform daily to get closer to your desired goals. Ex: Wake up early, study 1-2 hours, 1-2hr screen time.
Day 5: Find a community of like minded individuals to accelerate learning process.
Day 6-10: Applying Pressure
Day 6: Become a sponge and learn everything you can for free on Youtube, discord communities, podcasts. Tip: Invest in a mentor.
Day 7: Start learning 1 strategy and back test 100 times and aim for a 50% Win Rate. Ex. Supply & Demand, TheStrat, Chart Patterns, SMC.
Day 8: Practice on a paper account and journal each trade taken from that 1 strategy. Stay consistent with trading the same set up.
Day 9: Continue to backtest and trade on paper account until you are confident.
Day 10: Once you are comfortable with the trading set up, fund a small account and trade live.
Day 10-15: Risk Management
Day 11: Figure out your risk tolerance. How much can you comfortably lose per trade? What amount do you start becoming emotional?
Day 12: Double and Grow the small account and start scaling slowly. Ex. If you are used to trading 1 contract, practice with 2 contracts.
I am running out of room, comment “Gameplan” if you want the complete daily task you can perform to help you become a profitable trader.
Follow @Tsugitrades for daily trading tips
#daytrading #tradingstrategy #swingtrading #stocks #tradingforbeginners #technicalanalysis #howtotrade #trading #candlesticks #stockmarket #crypto
tsugitrades
2024-03-24 18:54:21