the title says it all - what would you tell to your younger self - in terms of trading? By younger I mean the time you've started trading live. If you had the option, what would you do differently?
I know there are no WHAT - IF kind of statements in trading, this thread has one purpose only (as all the other threads) to help others, so they won't have to repeat the mistakes you've done.
I'm about to start trading live for the first time in my life (I've traded life before, not with my own money though) and my advice would be this -
a) Focus on the few important things in trading, on one style and one strategy only. b) Stop learning things about techncval analysis and PA, read anything you can about trading psychology, so you learn how to think of trading from market's perspective and market's mentality.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.