Ninja Talks EP 4: Trading is Easy

12 มิ.ย. 2023

Trading is actually super easy, but the overcomplication by Bambi traders and even experienced wannabe traders is monumental.

Trading is basically three components;

(1) Techniques

(2) Risk Management

(3) Psychology

Techniques are very easy to find, you see them everywhere - finding one with a slightly higher win rate etc seems to be the goal of most traders, but regardless my point is there is an over supply - so that's not making you lose.

Risk management is fairly simple, risk 1-2% per trade and compound account - easy.

And the third (psychology) is literally THE MOST IMPORTANT ASPECT, yet nobody gives a sh1t - why? Because it's not "sexy".

Psychology decides so much, from when you enter, exit, how you feel before, during and after a trade, routine etc - the list is endless with the actual important components you use on a day to day week by week basis.

But it's boring.

To most.

Not to me.

So here's how to conquer your psyche in three simple steps:

1) Analyze the charts once a month, week or day (depending on your timeframe).

2) Set alerts at key levels above and below current price.

3) Respond to alerts from your phone as/when they're triggered with one simple question - Buy, Sell or most importantly WAIT.

This simple three step process controls emotions and by proxy psychology.

It's up to you if you want to trade for a living or gamble.

You have the power.

Choose.

See you in the next episode.

Nick