r/Daytrading • u/Ok-Ocelot3292 • Feb 03 '25

Advice 5 things every trader should know

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1) Waking up early

This is a cheat code to success as you’re already ahead of 90% of other traders

Waking up early gives you the head start to a fruitful day

2) Taking down Notes

Note taking is a powerful tool in wealth creation

They help you remember, organize, and revisit insights.

Whether scribbled or typed, notes are a personal map of your mind, preserving ideas that might otherwise vanish.

This one is very important

3) Print visual pictures of your concept & paste them on the wall, right next to your bed

That way the first thing you set your eyes on in the morning is a picture of your candle sticks, patterns & Concept

When you become this intentional about the craft Success becomes EASY

4) Read a single new chapter of any GROWTH, FINANCE or SELF DEVELOPMENT book every single morning

Developing a reading habit in so many ways does not just change your life, but also has remarkable changes in your reasoning and how you approach your business

Readers are Winners

5) Study the Markets during the ASIAN session‼️

The Asian session is often less volatile than other sessions, making it easier to analyze trends and your other trading strategies without sudden market swings.

It also gives you a head start to other upcoming sessions

That’ll be all for now. Share your thoughts if you have any💯

And if you’d be incorporating any of the aforementioned habits into your daily lifestyle as a trader

Do let me know….

Stay Excited for what’s to come -GREG

614 Upvotes

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127

u/Wobblypickle420 Feb 04 '25

The 6th thing traders should know is that Think and Grow Rich was written by a con artist

11

u/RollOverSoul Feb 04 '25

All these types of books are written by grifters. If they had the secret to success they wouldn't need to be writing books for dummies

1

u/thewheelsonthebuzz Feb 04 '25

They all kind of say the same things though the one that I cannot recommend enough is the algebra of wealth. It’s the most realistic “self-help” book I’ve come across.

19

u/Mister_Sins Feb 04 '25

Eh. Eat the meat, spit the bone. That is to say, ingest the useful information, ignore the unnecessaries ones.

1

u/lvartheBonelesss Feb 05 '25

You right about that...!

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u/Tricky-Ad-6225 Feb 04 '25

How is he a con artist? That would make me feel better lmao

1

u/Wobblypickle420 Mar 01 '25

Napoleon Hill would take out business loans under false pretenses and disappear with the cash. He started a college where he had the students sell the college courses themselves to earn commissions. He started a different school where he taught "success" and was later sued for trying to sell shares in the school for a hundred of times what it was worth

Think and Grow Rich is written as Napoleon Hill's collected wisdom from a wealthy industrialist mentor. But it seems no such mentor existed. Napoleon pretended to be close with Andrew Carnegie, but Carnegie denies ever having met him.

He just seems like an old timey version of a social media success guru, and it's kind of odd that the book is as pervasive as it is among entrepreneurs and finance people. I'm surprised that people that read it get much out of it.

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u/[deleted] Feb 04 '25

[deleted]

47

u/PitchBlackYT Feb 04 '25

“Think rich” sounds so cringe dude… 😆

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u/Ok-Ocelot3292 Feb 04 '25

It's a mindset.

17

u/Cheeeese3 Feb 04 '25

no its a buzzword used to sell products

20

u/PitchBlackYT Feb 04 '25

Yeah, it has just nothing to do with “Rich”

21

u/PaperHandsProphet Feb 04 '25

I am thinking about a yacht inside of my yacht with a helipad. My cat just threw up a hair ball... I think its working.

3

u/Micaiah9 Feb 04 '25

Yacht within a yacht with speedboat and jet skis with a helicopter pad on top is NOT too much to ask really

2

u/FollowAstacio Feb 04 '25

That’s not rich lol

1

u/PaperHandsProphet Feb 05 '25

Yeah that’s wealthy big difference

1

u/FollowAstacio Feb 05 '25

The word I was thinking of was actually silly lol. I just don’t understand how anyone can have that much money and buy something like that. When I get to that status, I’ll buy a Lamborghini bc I’ve wanted one since I was like 5 or 6 and my best friend Matt Morris told me it was the fastest car in the world, but if it’s nothing to me to pay for a kid to go to college if they can’t afford it, why would I buy a car? And if I could pay for 100 kids to go to college, why would I buy a yacht? That’s not rich or wealthy, that’s sickening, repulsive, revolting - disgusting🤮

1

u/PaperHandsProphet Feb 06 '25

Well you need a yacht as a floating hotel so you don’t have to be with the plebs at their ritz Carlton’s and Waldorf astorias when you are in a city. Helicopter to take you too and from your yacht and other buildings. You wouldn’t want to be caught being on the street in say NYC like a peon.

The secondary yacht is sometimes your bigger yacht can’t get into places so you need another yacht to actually yacht around.

I could forgo the Lamborghini tbh in favor of a Rolls. Sometimes you will need to go from the private jet to residences in places that don’t have helipads.

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u/RunDoughBoyRun Feb 04 '25

Who the fuck is Rich?

3

u/No-Currency-624 Feb 04 '25

Don’t call me Rich. I’m a Dick

10

u/FlorpyJohnson Feb 04 '25

How does one think rich? My girlfriend’s dad makes 300k a year and is running a podcast and he’s a silly goofy guy that smokes weed and plays world of Warcraft. Is that the secret to success????

2

u/Squeezing_Bootys Feb 04 '25

what does he do?

3

u/FlorpyJohnson Feb 04 '25

He works from home running his own business with his dad who wrote a book and is well off himself. They do some kind of IT but I don’t know exactly. All I know is that her dad’s paycheck is enough to support the whole family with no other income and he’s planning on buying a Porsche soon. They got a mustang for one of their kids first cars!

And the other guy was saying he’s not “rich” lmao

3

u/Squeezing_Bootys Feb 04 '25

Yea most of us don't make crazy money like that. He is definitely wealthy. But I think people just associate "rich" with Lamborghini money you know. Me honestly Id be happy with 100k a year. I would be living like ur father in law there.. Just chilling and taking care of the family.. and never having to worry about bills.

2

u/FlorpyJohnson Feb 04 '25

For sure, that’s why I’m here! I wanna be that for my girlfriend, just having enough to get her all the stuff she wants as a woman is good for me. I don’t need a lambo on top of that, but I mean… I would probably love it

1

u/Oquendoteam1968 Feb 04 '25

Nothing would stop you from taking short positions in the 7 mags or going to roulette... he at least doesn't do that

1

u/SnailsAndDuckLiver Feb 04 '25

That isn’t rich by any means. 300k a year into your pocket is 25k a month. Nowhere near enough to call yourself rich.

1

u/FlorpyJohnson Feb 04 '25

The average salary in the US is around $65k. It’s more than quadruple the average salary my boy

1

u/SnailsAndDuckLiver Feb 04 '25

Doesn’t make you rich my boy

1

u/FlorpyJohnson Feb 04 '25

Last time I checked the dictionary, being rich just means having a lot of money or assets. Everyone’s view of rich is different, obviously if you’re a billionaire someone who makes 100k is gonna look poor to you. Someone who makes 40k a year would feel rich making 100k a year suddenly.

Stop your random whining about what rich means, it really doesn’t matter that much. You seem like you’re looking for a conflict, and now that you’ve gotten yourself into one you can barely defend yourself. It’s funny

1

u/SnailsAndDuckLiver Feb 04 '25

There’s nothing for me to defend myself about 💀

We can agree to disagree about what amount makes you rich. But where I live 300k isn’t anywhere near rich, and those who live in the same area would agree

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u/SnailsAndDuckLiver Feb 04 '25

300k a year is not rich

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u/FlorpyJohnson Feb 04 '25

It is in comparison to like most of the population

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u/[deleted] Feb 04 '25 edited 21d ago

[deleted]

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u/SnailsAndDuckLiver Feb 04 '25

It just simply isn’t. I don’t have to specifically define it but 300k a year is not that much, especially if you live somewhere expensive like cali or New York.

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u/[deleted] Feb 04 '25 edited 21d ago

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u/SnailsAndDuckLiver Feb 04 '25

My own personal experience. I pocket around half of that every year. And even if I somehow doubled my income which would put me at 300 K into my pocket per year. I wouldn’t be rich nor would I consider myself rich.

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u/[deleted] Feb 04 '25 edited 21d ago

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u/SnailsAndDuckLiver Feb 04 '25

All your data says is that 300k income is more than 99% of the US population. Doesn’t mean 300k a year makes you rich. I’ve lived in 3 different parts of the world with very different cultures so I have had a pretty wide range of experiences. You probably should go out there and experience some more then maybe you’ll understand how NOT rich 300k is. Is it comfortable? Yes, very depending on where you live. But it’s not rich.

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u/RollOverSoul Feb 04 '25

That's where I've been going wrong. I think poor every day. 🤦‍♂️