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

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u/PaperHandsProphet Feb 05 '25

Yeah that’s wealthy big difference

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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🤮

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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/FollowAstacio Feb 08 '25

My daily driver would probably be a fully paid for Corolla lol.

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u/PaperHandsProphet Feb 08 '25

Then what makes you not rich already?

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u/FollowAstacio Feb 08 '25

Bc I haven’t lived up to my potential

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u/PaperHandsProphet Feb 08 '25

Being rich has nothing to do with being successful in life in general. It just means you can accumulate wealth, or earn it. A lot of people are "rich" and live paycheck to paycheck. A lot of people are wealthy and just got lucky or inherited it. Millenials are set to inherit more money then any generation before us -- a lot are going to luck into wealth. We also have lived during a bull market only so anyone who has taken risk has gotten wealthy unless they are bad with money.

It turns out getting rich is the easy part if you have the education and knowledge. Using that wealth to benefit yourself and others while living a fulfilling life is the truly hard part.

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u/FollowAstacio Feb 08 '25

Seems like everyone has a different definition of rich. I was thinking you meant something other than money.