In the fast-paced world of trading, getting caught up in the allure of big wins you see posted on social media is easy.
However, much of what you see online is just fake.
In fact, the majority of those traders you see on social media posting monster winners are:
- Not transparent
- Never showing their losses
- Masters at hindsight trading
- Gambling addicts
If you follow them, you’re likely among the 90% of people who fail at day trading.
While I don’t claim to have all the answers…
Here are the 3 mindset strategies that helped me become a millionaire trader in my early 20s and successful for over two decades.
#1 Success Is Not Linear
In the beginning, you must invest more time studying.
It will be painful that while you’re studying and working hard…
On the surface, it will look like you’re going nowhere.
For example, Jack Kellog, now regarded as one of the top young traders in the country, didn’t make a dime his first learning how to trade.
AWESOME new article on @Jackaroo_Trades here https://t.co/NWcZgO42Yq as it's AMAZING to see what you can accomplish in just a few years of hard/dedicated work! Put in the time to study more in slower markets like this to capitalize on any true manias that inevitably pop up!
— Timothy Sykes (@timothysykes) May 30, 2023
If you look at his results over time, you’ll see that his success wasn’t linear.
So, how did Jack push himself to continue to work and study even though he didn’t see the results in his PnL early on?
Jack saw the plays working.
Even though he wasn’t making money off them, he knew other traders were…which encouraged him.
He knew that he just needed to fix a few things and that, eventually, he’d be on the right side of the trade more.
That’s why being a member of my program can be so helpful. Sometimes all you need is to see other people having success to give you the motivation to keep studying and working on developing your skills.
#2 Live To Fight Another Day
The market doesn’t care if today is your first day or month as a trader. The person or machine on the other side of your trade is trying to destroy you.
The way algorithms move stocks these days, it’s almost like they’ve mastered human psychology…
As in they know how to inflict the most pain possible…causing traders to stop out near the lows and cover at the top.
If you’re a newbie, there’s so much you need to know.
That’s why it’s so important you learn risk management right away.
You need capital in your trading account.
If you drain your account by making dumb decisions, then you’ll never give yourself a chance at success.
Your first couple of years should be focused on learning. You want to either be paper trading or trading extremely small.
Again, you are trying to learn strategies, recognize patterns, and discover what moves stocks and creates opportunities…
This matters a lot more than profits.
That’s why you have to keep losses small.
In fact, one of the main reasons I’ve been able to adjust my game and continue to have success over all these years is that I’ve cut losses quickly on my trades.
Protect your capital and try to give yourself enough time to develop the skills for success.
# 3 Success Isn’t Random
Over 30 of my students who have completed my program have gone on to become millionaire traders.
Their success wasn’t random.
I gave them a blueprint, the one I developed and followed that helped me become a millionaire trader in my early 20s, to guide them.
You see, regardless of what type of trader you decide to become, whether that’s a momentum trader, options trader, short-seller, penny stocks trader…or whatever…
There are certain principles you must MASTER.
And that’s what I teach my students.
You can try to figure it out on your own, do some trial and error..or whatever.
But here’s the deal.
Time is precious.
Why waste it when you can learn from someone who has gone through and accomplished what you want to do?
If you’d like to take the next step and really level up…CLICK HERE TO GET STARTED.
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