šÆ Gambler or Trader?
Lately, YouTube is full of videos claiming trading is a scam and everyone loses. But thatās just not true. My decade of trading and helping dozens of traders tells a different story: trading can work if you approach it wisely and respect the risks.
š§ Phases of a Trader
Every trader starts as a beginner and moves toward consistent profitsāno shortcuts. These stages are universal.
š¹ Phase 1: Beginner
Youāre learning platforms, watching YouTube, testing strategies, exploring indicators, entry points, and smart money concepts. At this stage, you lack your own system. You experiment with different approachesāsome work, some donāt. Eventually, you gain confidence and decide to move from demo or a $100 micro-account to real money.
š¹ Phase 2: First Real Trades
You start trading with real amountsāmaybe a few thousand dollars. Suddenly, psychological pressure appears: fear of losing actual money. You make all the classic mistakesāIāve made them all myself. Thatās why I want to help you avoid these traps from the start.
š Core Rules:
⢠Always set a stop-loss right after entering a trade. Never trade without one.
⢠Risk no more than 1% of your capital per trade (max 2% as you gain experience).
⢠Place the stop-loss where your trading idea is invalid, not just at a random number.
⢠Take Profit should always be at least 1:2 risk/reward. If you risk $100, TP must be at least $200.
⢠Never close trades early. Trust your plan and let statistics work for you.
This approach reduces stress and emotional mistakes. Once you set SL and TP, thereās nothing more to doādonāt stare at the screen.
š Choosing Instruments
Trade only quality assetsāavoid random āmoon coinsā with wild swings. At the beginning, focus on major currency pairs, US indices, gold, and BTC. Thatās more than enough to start.
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