5 things i stopped doing to become a profitable trader

after 4 years of trading I've pretty much made every mistake that you can make I'm going to give you the five biggest mistakes that you have to avoid if you ever want to be profitable and I'm going to tell you exactly what you need to do to become profitable I've catched around 100 people how to trade and this is the number one biggest mistake that people make they don't have a clear plan don't know what they're doing how you supposed to be consistently profitable if you're unable to be consistent you're just taking random trades here

and there you're not sticking to a clear plan that you know works every other mistake on this list stems from not having Clarity Clarity is the biggest thing trading is already an uncertain game if you're uncertain about your plan you're just doubling up the emotional issues that you're going to get when you try to execute on a trade so how you supposed to get around this journal every trade you take have a clear plan that you've written down and have really well defined entry exit how you manage trades what are you exactly looking for to

enter trade to exit maybe it's to add to the position or reduce your risk this is non-negotiable all the hardworking trading should be in the preparation the actual acts of trading should be effortless my best trades I don't have to think about them I know exactly when to take action because it's clearly defined in my plan I'll give you an example right now so this is my exact trading plan that I've written out I have what I'm trading when I'm trading what my risk management looks like stop loss take profit I've defined every single little

piece of my system and I can just rely on this I don't have to overthink or Force an outcome I have to worry I know because I've journaled every trade I've taken and I have a clear simple consistent plan that if I just follow a couple simple things trust my intuition trust my process I know certain over the long term that I'm going to be profitable if we just stick to this SO trading becomes stressfree the elements of creating a robust trading plan is first preparation so that's where all the hard work comes in that

can be testing um how do you want to trade you need to plan to be personal to you no strategy works over the long term but you can make any strategy work with enough practice intuition refinement that's what matters second is the execution you want your plan to be something you can easily execute every day don't plan for your higher self plan for your lower self make it as simple and easy to execute as possible and then the third step is evaluation this is more where a journal comes in a plan is to track what

you're doing uh when you're doing it on what instruments so it's just so you know what you need to do a journal is how you're executing on that plan how that plan's going through different market conditions cuz market conditions are always changing something you really need to be aware of and then the final step step is improving if you want to improve at trading how are you supposed to improve if you're not journaling your trades you need something to review you have to be able to review your mistakes in order to improve so we learn

what works by doing what doesn't so if you just do those four things you have a clear Edge you have Clarity around that and it's personal to your unique psychology all different that's really robust trading appro I followed this I went from a losing Trader um who's been losing for 2 years now I've been profitable for 2 years you're 3 to 6 months away you're about 20 trades away from being a profitable Trader you're actually really close than you think you just have to do the hard work in the preparation and then trading will become

effortless for the next biggest mistake this is overtrading and a lack of discipline overtrading lack of discipline this can s from a lot of different things it come from your beliefs more psychology or it can come from a lack of clarity you don't actually know your defined setups you're taking random trades when you think you're actually following a plan but you're not so executing too many trades being a machine gun rather than a sniper um it might feel like a good thing that you're doing a lot but less is more especially in trading you want

to focus on the 20% of your inputs that lead to your 80% of your outputs PR principle the less you trade the more emotional Capital you're saving SO trading decisions are emotional decisions because you're risking money we feel the pain of a fin Financial loss 250% more than the satisfaction Euphoria pleasure of a win so the more you trade the more you're degrading that emotional Capital um willpower is finite so the more you trade the more likely you are to make mistakes I only take one to two trades per day I can take more there's

more opportunities for that but you just want to focus on the quality you're not trading the markets you're trading your plan and you're and you're flawed you're human um don't think of yourself as a robot don't treat yourself as a robot um this goes back to having a clear plan you want it to be as simple easy to replicate as possible and lack of discipline if you can't stick to a plan where it says take one to two trades per day how are you supposed to be profitable there's a reason 90% of people fail and

if you keep on breaking that well frankly you just don't want to be profitable you don't want to as bad as you think trading is all about fighting your human nature it's about training is all about fighting your human nature people don't fail in this because of a lack of knowledge lack of intelligence all the information is out there on the internet there's no secrets anymore they fail because of their human behavior because they don't have discipline they're not able to stick to something consistently it's the hardest part that's the thing I struggle with the

most um and for this if you want to master trading you first have to master yourself this is why trading Mastery and self-mastery are really intertwined um so if you want to prove in trading you need some self-improvement meditation reading journaling metacognition working on your beliefs your self-image your awareness these kind of meta skills learning how to learn I guarantee you that will give you the biggest Roi than focusing on learning a new indicator approach a strategy technicals you fail because of your behavior not because your Technique so another big mistake is emotional trading and

impulsive trading now I'm not going to say emotions are bad or that you should be robotic in fact you should feel your emotions more in fact you should actually focus on your emotions more when you trade what are you feeling in certain situations before you entering trade are you feeling a bit anxious if you miss a trade how are you feeling in that exact scenario you need to be more aware of your emotions when you're trade not trying to control them you don't want to control your emotions you want to use them you want to

feel them as deeply as possible a lot of people think I'm emotionless robotic when I trade but I'm actually focusing on feeling my emotions as deeply as possible this is because as manual traders that we are um as discretionary traders that we are intuition is what makes you profitable intuition is kind of the gut feeling so what makes you profitable is your emotions um so focusing on that emotion how you can use that in certain situations when I was unprofitable I tried to shut down my emotions not use them not focus on them um control

them fight against them but that just becomes that just leads you to be more reactive to them and impulsive when I felt them fully accepted them for what they are and then looked at how they related to actual Market data it became inol for me to improve my trading not something that was detrimental and made it harder so think of your emotions as another data point if you're feeling fear that could be because so look at your emotions as another data point this is kind of called Market bio feedback so your intuition is a feeling

Fe can be a good data point if you're up on a winning trade and you're starting to feel fear that's not a bad thing look at it so are we at a structure that we're rejecting from is volume kind of decreasing and the move is feeling like it's kind of over use that emotion with reality so you have to look at it in reality as an indication of for you to manage your trade it could be for to enter exit a great thing I do when I'm starting to feel hope in a loss I cut

it immediately hope is such a bad emotion when you're losing and it's going to lead you to um increase your losses a lot more so you really focus and you really want to focus on your emotions and feel them as deeply as possible so for another okay so this mistake took me the biggest amount of time to get around it's just risk management it's simple it's boring no one really likes to talk about it it's focus on something else but this is the most important thing um this is what you spending most of your time

doing once you've got your Technique and your strategy down um once you've got decent risk management so once you've got decent psychological control in that you're going to be focused most of your time on just managing risk um the the strategy will take care of itself uh so this is where most people mess up uh this is trading isn't about making money it's about managing risk so people not people so people don't really understand technical analysis you actually anzing charts you're not drawing zones you're not entering you're not placing a stop loss you take profit

this isn't about making money all this technical analysis isn't about making money what it is about is managing risk defining Market structure um your technical approach isn't very good for making money um it's actually quite difficult this is all about managing risk so setting a stop loss at an era where you think your trade will be invalid or setting you take profit where you think price is going to react to or reverse reverse from the whole point of technical analis is just to manage risk that's why you have a stop loss and a take profit

and I used to be in the mindset that I'm doing all of this to make money you're not doing all this to make money you're doing this just to manage risk not trying to control the outcome you're letting go surrendering to the markets detaching yourself from the outcome and that is when you become profitable that is when you have that is when you'll cease to have any emotional problems but you find demo trading so easy this is why you find demo trading so easy you trade really well on demo as as soon as the money's

real you start to make mistakes it gets a lot harder that's just due to you being attached to the outcome as soon as you detach that surrender focus on managing risk instead of making money you will become profitable I guarantee you that and the last mistake is just failure to adapt to markting conditions trading is difficult because conditions are always changing there's always new information coming out there's always different fundamental fact is affecting news volatility volume's also different so so you want to trade consistently yes but this is where you can't have a purely mechanical

approach there needs to be discretion intuition where you can adapt to different conditions and volatility as soon as I focused on how volume was affecting my my trading improved massively so looking at how how big the candle bars are what price has been doing over the past week past month maybe the past 4 hours the past day I'm constantly adapting to different market conditions with updating knowledge be aware where you are in monthly Cycles daily Cycles hourly Cycles price is fractal what happens on the higher time frames happens on the lower time frames you really

want to build that awareness build that intuition about adapting to different conditions this is why no strategy really works over the long term but you can make anything work because you can adapt it to different conditions no strategy will work in every single condition my pullback Approach works when there's enough volume to have a Breaky structure but not too much where you don't have a pullback after that breaker structure so this is where you're always going to be trading differently based on different conditions this is the one minute chart here you have more Trend more

high volume range bit of a range here consolidation to then have that push if we just go onto the daily this can be seen even clearer even clearer um so you have more of a shift here you have extreme bullish Direction extreme bullish Direction this is when we're breaking alltime highs the month the month before that um we were extremely range bound low volume we weren't really getting very good moves so when I was trading this um my rist to was a lot less so when I'm taking buys with overall High time frame Direction my

wrist reward can be a lot higher I can Target a lot further when it's more range bound my wrist reward be a lot less my stop loss might be a bit lower my take profit might be a bit smaller it's all about adapting to different conditions if you try to do the same exact thing every single day purely mechanical um taking a buy off this moving average when this other indicator does this there needs to be some discretion there some ability to adapt to different conditions otherwise there's no hope for you you might be profitable

in certain periods of time you might have profitable streaks could be a month could be 3 months but over the long term you're never really going to get that consistent profitability that you're after this is why you need that discretion you need to build that intuition this is why I like price action I can trade pretty similar every single day the propose direction of Interest shift but it's extremely flexible based off different time frames I can enter in rangeb conditions I can also enter um continuations of larger time frames I can do counter Trend um

I can enter all different different market conditions yes if it's really low volume I won't have a setup or if it's too high volume there just won't be a pullback there won't be a setup but uh most of the time pretty much every day there's a good setup so um you want to trade in a way that you can trade every single day this is why I don't trade news or anything like that so you want your strategy to be simple and easy to replicate every single day uh price action is likely to continue doing

what it has been doing so keep that in mind as well