As always, this newsletter is sponsored by my friends at PHEMEX. The team and product are both the best that I have ever worked with. I am honored that they continue to sponsor the newsletter. You should definitely check them out if you have not yet - you can trade with leverage or spot and also earn interest on your holdings. They really have everything. Sign up HERE.Treat trading like a business.If you are a full-time trader, then you need to approach trading like a business. Create a business plan and edit it monthly. Keep a trade journal and study your past mistakes. Have specific rules for taking profit to pay your bills and cover expenses. You are not a professional trader unless you can earn enough reliably to live your life on the income.Set achievable goals and incorporate daily activities (studying markets, reading financial news, paper trading, etc.) to keep your emotions at bay. Set a fixed daily schedule of activities, making sure that you are not aimlessly staring at a screen all day, wasting your precious time.Create a monthly earnings report. And a quarterly earnings report. Tweak your strategy to reach your short and long term goals.You will be less likely to force trades out of boredom or because you feel internal pressure to be productive. Without a plan, you are likely to wake up each morning and force bad trades with no real direction.Live stream today at 2 PM - don't miss it! https://www.youtube.com/watch?v=AqRJDl17tSkIn This Issue:Bitcoin Thoughts And AnalysisAltcoins ChartsThree Black Crows Candlestick PatternThe Michael Saylor StrategyMiners Are Now Buying BitcoinNFT Market Crashing?Is Walmart Buying Bitcoin?My Recommended Platforms And Tools
Share this post
The Wolf Den #213 - Treat Trading Like A…
Share this post
As always, this newsletter is sponsored by my friends at PHEMEX. The team and product are both the best that I have ever worked with. I am honored that they continue to sponsor the newsletter. You should definitely check them out if you have not yet - you can trade with leverage or spot and also earn interest on your holdings. They really have everything. Sign up HERE.Treat trading like a business.If you are a full-time trader, then you need to approach trading like a business. Create a business plan and edit it monthly. Keep a trade journal and study your past mistakes. Have specific rules for taking profit to pay your bills and cover expenses. You are not a professional trader unless you can earn enough reliably to live your life on the income.Set achievable goals and incorporate daily activities (studying markets, reading financial news, paper trading, etc.) to keep your emotions at bay. Set a fixed daily schedule of activities, making sure that you are not aimlessly staring at a screen all day, wasting your precious time.Create a monthly earnings report. And a quarterly earnings report. Tweak your strategy to reach your short and long term goals.You will be less likely to force trades out of boredom or because you feel internal pressure to be productive. Without a plan, you are likely to wake up each morning and force bad trades with no real direction.Live stream today at 2 PM - don't miss it! https://www.youtube.com/watch?v=AqRJDl17tSkIn This Issue:Bitcoin Thoughts And AnalysisAltcoins ChartsThree Black Crows Candlestick PatternThe Michael Saylor StrategyMiners Are Now Buying BitcoinNFT Market Crashing?Is Walmart Buying Bitcoin?My Recommended Platforms And Tools