Forwarded from Zack Baharum
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My formula to be profitable trader .
1. Set very clear and precise on your goal ! What is definition of successful profitable trader ?
My answer is to make $ equal or more than my day time job, have negotiations power to talk to yours employers/bosses, I choose not to follow yours instructions because it again my guidance Principle, can quick your day time job anytime and yet your trading profits can support yours daily expenses.
2. Spend time and effort to learn , developed a systematic stock selection process , practice and improved knowledge and trading experience. Looking real profitable traders/investor to be yours mentor to coach and naturing you toward the successful path! Must proven he is profitable!
3. Expand your network not only in small circle ⭕️.. traders , IVT, PDT, market maker , FFM, LFM , deal maker , IB , CEO , PLC owner and etc…
4. Train yourself to be independent thinker and decisions maker on every position you are in ! Take up responsibility on all action you take be it loss or profitable position , have trading journals and repeat the success trade and avoid same mistake .
5. Be humble and keep repeating success trade and learn from non profitable trade … in summary take the loss if we are wrong and lock the profit if we are correct , and move on to next position without emotion intact …. If you keep average down in bad position meaning you are ego or not willing to accept the fact of you are wrong, this killed many newbies and “experience “ traders
6. Train and help next generation of newbies and “experience” traders… you will learn from them as well.
7. Donate x % if yours profit to those who need help ! This will generate good karma to you
8. Spend time with family … have good work life balance.
9. Not only Have power to chose what you like to do ! Also reject to do what you don’t like to do is very worth it to be profitable full time traders
10. Repeat and keep doing step 1-9
1. Set very clear and precise on your goal ! What is definition of successful profitable trader ?
My answer is to make $ equal or more than my day time job, have negotiations power to talk to yours employers/bosses, I choose not to follow yours instructions because it again my guidance Principle, can quick your day time job anytime and yet your trading profits can support yours daily expenses.
2. Spend time and effort to learn , developed a systematic stock selection process , practice and improved knowledge and trading experience. Looking real profitable traders/investor to be yours mentor to coach and naturing you toward the successful path! Must proven he is profitable!
3. Expand your network not only in small circle ⭕️.. traders , IVT, PDT, market maker , FFM, LFM , deal maker , IB , CEO , PLC owner and etc…
4. Train yourself to be independent thinker and decisions maker on every position you are in ! Take up responsibility on all action you take be it loss or profitable position , have trading journals and repeat the success trade and avoid same mistake .
5. Be humble and keep repeating success trade and learn from non profitable trade … in summary take the loss if we are wrong and lock the profit if we are correct , and move on to next position without emotion intact …. If you keep average down in bad position meaning you are ego or not willing to accept the fact of you are wrong, this killed many newbies and “experience “ traders
6. Train and help next generation of newbies and “experience” traders… you will learn from them as well.
7. Donate x % if yours profit to those who need help ! This will generate good karma to you
8. Spend time with family … have good work life balance.
9. Not only Have power to chose what you like to do ! Also reject to do what you don’t like to do is very worth it to be profitable full time traders
10. Repeat and keep doing step 1-9