This Habit Made Me Profitable
Use neuroplasticity as your edge to rewire the “bad” trading habits.
Dear Traders,
In my newsletter yesterday, I spoke about how this market can be very rewarding to many different trading styles. The key is to have a clear trade book that you rinse and repeat.
Let me show you how I traded $AMD today:
- Strict stop loss execution on the first trade, followed by a highly rewarding bullish trend on the 2nd trade (+6Rs trade)
1st trade, 1-min ORB Long: Took partials at 2R, stopped out my remainder at the initial stop loss level.
2nd trade, ABCD Long: Re-entered as soon as I saw the setup, with VWAP reclaimed, leading to a really strong uptrend (from $225 to $238!)
The strict execution of stop loss is not something exciting but if you ask me… this is truly the fundamental habit, the secret, the real reason why I have been consistent in this career for so long. Cut your losses quick without hesitation, follow your plan, and focus on the next setup.
Our Bear Bull Traders members saw me trade $AMD live in our chatroom this morning. I noticed an interesting theme among our developing traders: they are aware of how emotions affect their trading, and they want to improve their control of emotions.
This is a huge step forward because most traders understand how a strategy works. Your profitability really comes down to how to execute in real-time, so how you control your emotions and make decisions without being emotional is the real challenge in trading.
Today at 8 PM EST, this psychology masterclass webinar hosted by Dr. Charland will be very valuable to developing traders who are struggling with discipline. Trading is not rocket science; it’s not that difficult. Our psychology though, is always the reason why we keep repeating the bad habits that we are aware of. So let the expert in trader psychology help you get through your mental block.
I’ve seen many new traders achieve significant progress after working closely with Dr. Charland. Her education is something that you don’t want to miss if you’re serious about trading.
Click here to join this Psychology Masterclass at 8 PM EST
Right now there’s a 50% Fall Season’s Special for our Elite Membership. Take advantage of this discount if you have been waiting for it. I hope to see you in our live trading chatroom tomorrow morning. There’s so much value that you can get at just $3 a day, using this 50% Elite Membership Discount.
Stay prepared for our A+ setups,
Andrew
