A Sniper Mentality in Trading by @DGTrading101

by | Nov 15, 2017



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

3 Comments

  1. Wrong, trading is not gambling. It is a business for me, there is a huge difference 🙂
    Tony

    Reply
    • 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.

      Reply
  2. This was great!

    Reply

Leave a Reply to Tony Cancel reply

Your email address will not be published. Required fields are marked *

Related Content

15 Trade Management Tips to Improve Your Trading

15 Trade Management Tips to Improve Your Trading

Trade management is an important part of the trading process. It's not enough to have an effective strategy - you also need to execute that strategy properly. Think of this distinction as the difference between creating a well-rounded business plan and actually...

Adapting to the Market – 8 Practical Tips for Traders

Adapting to the Market – 8 Practical Tips for Traders

The stock market is constantly changing. If you are fortunate enough to find success as a trader, you shouldn't get too comfortable. A strategy that works for days, weeks, or months is not guaranteed to work forever. Career traders who achieve long-term success...

14 Tips to Improve Your Trading Mindset

14 Tips to Improve Your Trading Mindset

Your mindset is an important part of your trading. How you think will impact how you trade. Your mindset will ultimately determine what you focus on, how well you learn, how you react to trades, and so on. Today, we are going to discuss some quick tips to help you...

The Process Behind Trading Success – Nate Michaud on SimCast

The Process Behind Trading Success – Nate Michaud on SimCast

https://www.youtube.com/watch?v=yaHEIFvHh5g Topics Discussed Long Trading vs. Short Trading (and Where Nate Makes More Money) Using a "Macro Mentality" in Trading Scaling in and Out Around a Core Being Early vs. Being Right Why Day Trade vs. Invest? Finding The Best...

13 Tips to Minimize and Prevent Trading Losses

13 Tips to Minimize and Prevent Trading Losses

How much higher would your trading profits be if your losses were cut in half? How much higher would they be if you only lost half as frequently? Most traders focus on chasing profits and forget that minimizing losses can have the same net impact on your bottom line....

Day Trading Course