sam

Whenever someone says they have been trading for X amount of years and want to become profitable, I ask the following questions and quickly realize most traders are just lazy. 1. Have you defined a strategy/ approach to the markets? 2. Was the edge/ strategy backtested and proven? 3. Do you have a systematic approach to your trading? If so define it. 4. Have you documented your trades? If so what’s your process? 5. What does your trading data/ trading journal tell you? (Assuming your track your trades because you should be) 6. What markets, sessions do you trade? When do you determine to stay cash or be aggressive? 7. How do you handle drawdowns? How do you handle consistent losing periods ? You’ll quickly realize most people that say they want to become successful as a trader, don’t really focus on the process. They’re more focused on looking good publicly than actually focusing on being great. So let’s start being honest with ourselves and realize that unless we put in the REAL work that’s required, you won’t be profitable.