Looking back on my trading career, if someone had told me these things in the first year, I probably could have saved two years of detours.
The first thing is **focusing on only one strategy**, don't be fooled by the flashy methodologies in the market. Many people's problem is this—seeing a new signal and wanting to try it, but ending up not mastering anything thoroughly.
Secondly, stick to **1-minute charts**. Short-term trading can help you quickly accumulate experience, allowing you to complete enough trading cycles each day.
Then, the most important thing is to **keep a detailed trading journal**, clearly noting the entry and exit points, reasons, and results of each trade. Don't find it tedious—this is the most direct feedback mechanism.
After completing **30 trades**, you must review and analyze them to identify your patterns— which trades lost the most, and which ones earned steadily. Data doesn't lie.
Finally, don't work in isolation—**find a reliable trading community**, communicate ideas with others, and share lessons. This can accelerate your understanding of the market.
If these five habits had been established earlier, I wouldn't have had to explore in the dark for so long.
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FlashLoanLarry
· 9h ago
ngl the 1-min chart thing is just opportunity cost arbitrage dressed up as trading advice... could've written a thesis on this instead
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NeverPresent
· 9h ago
Exactly right, I'm that kind of fool who wants to try everything... Now I understand the importance of focus.
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RetiredMiner
· 9h ago
There's nothing wrong with that, it's just the common pitfalls that beginners are most likely to fall into.
If I had known earlier that focusing on one strategy could save so much unnecessary money.
I have deep experience with logs; data really doesn't lie.
Finding the right community is more important than anything else, to avoid taking a detour of half a year.
View OriginalReply0
StakeOrRegret
· 9h ago
That hits too close to home. I'm the kind of person who wants to try everything, and now I realize this is a suicidal trade.
Looking back on my trading career, if someone had told me these things in the first year, I probably could have saved two years of detours.
The first thing is **focusing on only one strategy**, don't be fooled by the flashy methodologies in the market. Many people's problem is this—seeing a new signal and wanting to try it, but ending up not mastering anything thoroughly.
Secondly, stick to **1-minute charts**. Short-term trading can help you quickly accumulate experience, allowing you to complete enough trading cycles each day.
Then, the most important thing is to **keep a detailed trading journal**, clearly noting the entry and exit points, reasons, and results of each trade. Don't find it tedious—this is the most direct feedback mechanism.
After completing **30 trades**, you must review and analyze them to identify your patterns— which trades lost the most, and which ones earned steadily. Data doesn't lie.
Finally, don't work in isolation—**find a reliable trading community**, communicate ideas with others, and share lessons. This can accelerate your understanding of the market.
If these five habits had been established earlier, I wouldn't have had to explore in the dark for so long.