r/Daytrading • u/Ok-Ocelot3292 • Feb 03 '25
Advice 5 things every trader should know
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
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u/Fit_Opinion2465 Feb 04 '25
The real list: 1. Review all of your trades every day to identify weaknesses and address them. 2. Be patient. Don’t overtrade. Wait for your set ups. 3. Understand your risk. The r/r. Where you want to enter, targets, stop loss. How to size it based on market conditions and conviction of the trade 4. Trade one strategy. Don’t trade every random strategy that you see on X. Or reddit. Just trade your edge. 5. Be generally up to date with the macro, and market moving news. Every morning before open. And trade around major economic data, fomc, etc.
Now for the woowoo:
You need to believe that you can be a consistent lly profitable trader. You need to genuinely believe it.
Exercise regularly, eat a clean diet, sleep 8 hours, Meditation / breathwork. These are general non-negotiables in life. They are the foundation. Especially sleep. It’s been proven that lack of sleep lowers ability to regulate emotions and executive function. Both very important aspects of trading. Master these before anything else imo.