Overtrading is 95% of the traders' mistakes.
And the number one reason why they lose money.
Be in the 5%!
Here’s a simple method to control your overtrading:
The fastest way to succeed in trading is by sticking to one strategy, adjusting it, and improving your psychological skills along the way.
Stop jumping around.
Behind every successful trader is:
• Years of loss
• Crippling self-doubt
• Destructive trading habits
• Failed strategies
• Big drawdowns
You need to pass the barriers to arrive where you want.
Unsuccessful traders believe that the market is manipulated and use it as an excuse.
Successful traders know the market is manipulated, and learn how to play the game.
Different mindsets.
I don’t know who needs to hear this, but you can become successful without waking up at 5am, going for a run, taking a cold shower, meditating for 30min, and reading 50 pages of a motivational book.
Best decision I made so far:
Adjusting trading to my life, not the reverse.
- Short sessions of 2-3h
- 1 setup (highest quality & confidence)
- 2 trades/day max
- Prioritize mental capital
Quit chaser mentality.
Game-changer.
Most of the traders’ mistakes can be traced back to a lack of journaling and preparation.
If you want real progress, start by improving the way you record information!
Here are the 5 most important things I keep in my trading journal:
Stages of trading:
Beginner: "What's the best strategy?"
Intermediate: "How can I win big?"
Advanced: "How can I cut losers?"
Master: "How can I save Mental Capital while maintaining results?"
Unsuccessful traders believe that the market is manipulated and use it as an excuse.
Successful traders know the market is manipulated, and learn how to play the game.
Different mindsets.
Trading is one of the few careers where you can’t separate your professional from your personal life.
You’ll undeniably be a better trader if you become a better person.
Before taking a trade, ask yourself:
Am I taking this trade because the market is giving me the opportunity or to fulfill my emotional needs - excitement, recognition, validation, self-esteem...?
The more confident you’re about your strategy, the easier it is to be patient:
- To wait for the setup
- To wait for the entry
- To let the trade run
- To focus on the process
Everyone wants to make money with trading.
Few:
• Spend time journaling
• Take 1-2h of the weekend to analyze the trading week
• Face the losers
• Work on the weaknesses
Successful trading starts with the groundwork.
Everyone wants to make money with trading.
Few:
• Spend time journaling
• Take 1-2h of the weekend to analyze the trading week
• Face the losers
• Work on the weaknesses
Successful trading starts with the groundwork.
Traders' mistakes oscillate between two facets:
Hesitation and impulsivity.
The hesitant trader suffers from undertrading. He fears pulling the trigger and doubts his decisions.
The impulsive trader suffers from overtrading. He acts on his urge for action rather than
Most beginners treat trading as:
- Technicals
- Big wins
- Luck
- Mathematics
When it's really:
- Law of probabilities
- Risk Control
- Performance skill
- Knowing yourself
Spend time on what matters.
The fastest way to succeed in trading is by sticking to one strategy, adjusting it, and improving your psychological skills along the way.
Stop jumping around.
• Risk management makes sure you survive over the long run.
• Trade management makes sure you make the most out of each trade.
• Technicals make sure you are on the right probabilistic side.
Your psyche makes all of these possible.
In the beginning, you think you need to be good at:
• Math
• Technicals
• Trading the news
• Avoiding loss
Later, you realize all you need is:
• Probabilities on your side
• Risk control
• Tons of awareness
• Being a splendid emotional manager
If I had to start over today?
Here’s what I’d do:
- Learn one strategy
- Backtest and forward test on a small live
- Build a journal from the beginning
- Focus on improving performance
- Ignore other traders
If I had to start over today?
Here’s what I’d do:
- Learn one strategy
- Backtest and forward test on a small live
- Build a journal from the beginning
- Focus on improving performance
- Ignore other traders
You keep struggling with losses because when you lose, it’s not just money that’s gone.
You’ve also lost self-confidence, confidence in your strategy, progress toward your goals, your identity...
Trading is an individual skill that requires a big amount of introspection and self-work.
It’s a beautiful journey when you shift your focus from results to process.
In the beginning, you think you need to be good at:
• Math
• Technicals
• News reports
Later, you realize you need to be good with:
• Probabilities
• Risk management
• Emotions
Don't quit your job for full-time trading!
- Build a solid trading system
- Focus on the groundwork: journal, backtest, and analyze trades
- Find consistency
- Move to a bigger account and keep that consistency
- Save for 6 months of expenses
Then make the move.
Simple habits I’ve found to have a high ROI in trading:
• Sleeping 7-8 hours
• Exercising daily
• Meditation
• Journal thoughts
• Eating healthy
• Expressing gratitude
Simple, yet a huge change.
As you gain confidence in your trading system, you'll find it easier to be patient:
• To wait for your setup
• To wait for the right entry
• To let the trade run
• To focus on the process
Without losses, there are no wins.
Without mistakes, there's no growth.
Without risk, there's no reward.
Learn to accept failure for the sake of success.
5 things you will never regret:
1. Waiting for the right setup
2. Taking a break after a big trade
3. Starting to screenshot your trades
4. Using 1h of the weekend to review performance and prepare next week
5. Taking a break from trading to celebrate your wins
I isolated myself from everyone when I was starting out my trading journey years ago. Now, every time I have the opportunity to get in touch with these people again I realize that regret is real. They're not happy in their jobs and they have no idea how to change their situation.
Trading isn't about becoming a Wall Street genius and amassing a fortune overnight.
It's about finding your strengths and weaknesses, developing a style that fits them, and aiming for steady progress over time.
If you want to behave like a professional trader,
Stop:
- Chasing quick profits
- Taking impulsive trades
- Following random advice on social media
Start:
- Recording trades
- Analyzing performance
- Gaining confidence
The journey of trading:
Novice: "What's the right strategy?"
Intermediate: "How do I win big?"
Advanced: "How can I cut losses short and then maximize gains?"
Master: "How do I preserve my Mental Capital while sustaining results?"
Best decision I made so far:
Adjusting trading to my life, not the reverse.
- Short sessions of 2-3h
- 1 setup (highest quality & confidence)
- 2-3 trades/day
- Prioritize mental capital
Quit chaser mentality.
The fastest way to succeed in trading is by sticking to one strategy, adjusting it, and improving your psychological skills along the way.
Stop jumping around.
3 things I wish I knew when I started my trading journey:
1. Trading is a performance skill, practice isn’t enough
2. There’s no right or wrong way to analyze a chart
3. The real journey starts once you settle with one strategy
How to set a trading routine?
- Get a pre-trading ritual
- Set a time of the day to journal your trades
- Analyze your journal on the weekends
- Prepare and plan on Sundays
- Review improvements the next morning
Do this and you'll be ahead of 95% of the traders out there.
The fastest way to succeed in trading is by sticking to one strategy, adjusting it, and improving your psychological skills along the way.
Stop jumping around.
Some traders associate so much pain with loss that the goal becomes to avoid loss instead of catching the best opportunities.
These traders have a hard time letting winners run.
In trading, you should have 3 types of goals:
• Performance goals
• Psychology goals
• Habit development goals
Never money-related.
Set your goals right and you’ll be ahead of 95% of the traders out there.
Traders focus too much on making money, but the most successful traders understand that money is a byproduct of groundwork, preparation, and routine.
Focus on that, and the profits will likely follow.
When I started trading, all I was doing was spending countless hours analyzing charts hoping to find the pattern that would tell me the future
As a trader, all I do right now is follow my trading routine and let the opportunities come to me, stress-free.
• Risk management makes sure you survive over the long run;
• Trade management makes sure you make the most out of each trade under your rules.
• Technicals make sure you are on the right probabilistic side.
Your psychology makes sure you execute these 3 the best way possible
A lot of traders have the motivation to make money in trading.
But they are not motivated to execute the actions that lead to that money.
And that's why they remain losing traders.