Why it took me 7 years to become profitable and here are the mistakes every unprofitable trader makes
Many people will reading this will most likely be unprofitable I was that guy for many years took me 7 years. Why I took so long came down to a select few things but the main two was systemisation and journaling. This what I did not have any good concept of. You get to a point in trading that looking at charts for 10 hours is a waste of time. That’s a lot of you right now that is what you are doing thinking you are actually learning and improving I’ll keep it real that is the biggest cope but you just don’t realise it. I use to do this for years and it’s one of the reason why it took me so long.
What a lot of you traders need to be doing is find an effective method to journal that allows them to adjust strategies and form good exit and entry rules, so that you can repeat the same process over and over again until you see results. You should have a system that you understand so good it becomes very specific. This is trading not clicking a buy or sell button. You should spend 90% of your time on this if you want to improve your trading I swear it’s the only way you will ever make it in this business. Literally pick a strategy or two and refine them so well to the point you can’t anymore. Then make sure you journal every trade properly none of this google documents slop legitimate journaling with stats,breakdowns and processes. The best traders all do this they spend most of their time preparing and looking through their journal and then when it’s time to trade they smash it. Your psychology is something that should be mentioned continuously in your journal you need to do this to regulate your own trading style your own way. I recommend a lot of your traders to change your approach towards trading as it’s a very misinformed industry and these little unconscious actions can delay you for years or sometimes forever. Apart from that good luck to all of you and stay well.