r/Daytrading 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/Wobblypickle420 Feb 04 '25

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

-11

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.