One amazing rule to become a profitable trader.

[AriaS]

The rule: find a strategy that makes more than it loses: PF>1 + yearly RF>1.5.
With a smaller RF you will be better off simply investing long-term in large-cap stocks.

Someone might say: "What kind of advice is this? Everyone knows a profitable strategy is the key to success". And they are right.
But what if I told you that the important word is not "strategy", it is "find"?

Yes -- find.
You can only do this by trying and discovering what really works.

Sounds too trivial, but most people don't do this. They trust some gurus, YouTubers, or course sellers -- people whose goal is different from yours.
Your goal is a profitable strategy, and the only way do that is to try and see what works.

And what is the fastest way to do it?

 

[Tytus_Barnowl]

The rule: find a strategy that makes more than it loses: PF>1 + yearly RF>1.5.
With a smaller RF you will be better off simply investing long-term in large-cap stocks.

Someone might say: "What kind of advice is this? Everyone knows a profitable strategy is the key to success". And they are right.
But what if I told you that the important word is not "strategy", it is "find"?

Yes -- find.
You can only do this by trying and discovering what really works.

Sounds too trivial, but most people don't do this. They trust some gurus, YouTubers, or course sellers -- people whose goal is different from yours.
Your goal is a profitable strategy, and the only way do that is to try and see what works.

And what is the fastest way to do it?

There is no "Fast way". OK you may see a presentation online or at a Trader show that suggests that it only takes 5 mins a day but they are just there to grab your money. Watch a series of assets on a daily basis. Daily???? Does that mean you have to sit and stare at the markets all day?????? YES. Learn the process for trading these assets and have them ingrained. Very basically don't place a trade using some AI Master trading smart super dooper platform then after trade work how to set Targets and Stop losses. Basics perhaps. Get a piece of paper , draw a line down the middle. On the right side , write down your good points. Such as "I am well admin organised". Then write down on the left side all of your Bad points. Such as : "I am Greedy, Lazy, want to be right all the time, self centered, get angry if the markets don't do what I want , also I am a p1ssheas gets up with a hangover and have to watch TV in the the morinings. If you are honest, the bad points will outweigh the good points 10 times over. If you don't have bad points then you are a Penis Sucker. Great to learn the trading abbreviations and fancy names for Charting patterns but they will only assist you to get laid at a Traders Social party . Unless you can read and understand price action then they are a fantasy. There you have it; a few Monday morning considerations thoughts. If you want anymore in depth information PM (private message) me and we can have a chat.