My conceptual model of learning how to trade comprises of following components
- Learn how to trade
- Learn the right skills - technical analysis, price patterns, MTF, etc
- Learn strategies - that suits you
- Identify flow - the trend and which part of the trend you are trading
- Identify risk - logical place to put your stop loss
- Learn the triggers - know how to trigger base on your strategies
- Learn how to manage
- Your technical strategies is only the first step, to be profitable, you need to know how to manage
- Lot size - detail planning
- Risks - higher sensitivity
- Emotions - recognizing yourself
- Decision making - why enter, why this risk, why exit
- Thought process - understanding yourself, self learning process
- Learn how to achieve goals
- Set your goals - pips, dollar values, time frame, etc
- Focus - losing focus is the easiest and common thing to happen
- Control - control your pace, emotions, distractions
- Expectations - set the right level
- Time management - most people overlook this
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