Key Takeaways
- Approach trading like a JOB not a fast track to riches
- Use a “Sniper Mentality” – Be calculated, be stealthy, and narrow your targets
- The most successful traders focus on QUALITY over QUANTITY
- Focus on taking fewer actions that lead to bigger impacts
- Only trade the best setups. If you don’t have an edge in the trade, stay away.
- Scalping and overtrading are limiting. Become more disciplined and double down on the best setups.
- Take advantage of larger moves over longer timeframes
Wrong, trading is not gambling. It is a business for me, there is a huge difference 🙂
Tony
Calling trading gambling is like calling a retail trader a professional trader. IMHO gambling is way easier than a career trading these markets. The game changes without warning and you never know who the opposing players may be. That’s not even considering a world of fundamentals, correlating influences, dare I mention cfd, introducing brokers, mega banks with micro second data fed into quantum algorithms?
Yep, day trading is most definitely not gambling.
This was great!