Your way of learning how to trade is WRONG

If you want to become profitable you need to do it properly. The issue is that the 99% of you ARE NOT doing it properly.

It may sound harsh but it’s true. There is a reason why most traders are not and will never be profitable. Only a few of you reading this newsletter will make money in the trading industry. This is the sad truth.

Trading and developing a trader requires a lot of steps, and you need to cover and master them to be good at them. And a lot of you cannot grasp even 1 of these.

Additionally, you also have to have a good balance in your life. If you are doing bad outside of trading it will impact your trading.

“If you aren’t doing the best at everything you do, you will fall flat on everything you do.”

It’s a simple saying but it’s true. Your attitude towards life affects your trading. The way you go through your day and week affects your trading. Your loved ones, your job, and things that happen in your day-to-day affect your trading.

My goal with this letter to you is simple: I can’t help and there is NO helping most of you. I have had more than 10,000 aspiring traders go through my Twitter DMs and I guided them no matter what. But the reality is that 9000+ of them I instantly knew NEVER had a chance just because of the way they think. I can instantly spot if you are made for this or not just by the way you talk and approach certain problems.

You do not need to be albert einstein to trade don’t get me wrong. But you also need to have some thinking skills which unfortunately in today’s day and age most don’t have and a lot are also delusional on top of it.

But If I can make 1 or 2 of you better and push you to beat the odds it is more than enough for me.

THE WAY YOU LEARN IS HOLDING YOU BACK

Everyone had to start from somewhere. Every trader on social media you look up to has had a similar starting point and journey as you.

The difference is we understood what we needed to do to learn and master this craft.

In this letter to you, I will give you 3 simple strategies you have to implement in your learning to get better at trading. These important fixes will push you in the right direction.

1) JOURNALING

Yes I know, journaling how cliche. Unfortunately, most of you do it wrong when you journal.

-you don’t have a proper structure

-you’re doing it half-assed, you’re treating it like a chore

-you’re not aware while doing it but in a HALF state flying over it

-you don’t come to any conclusions

-you don’t write down your thoughts

-you don’t have a good approach

STRUCTURE:

When I refer to structure I mean how you go about breaking down your trades.

You screenshot a few things draw your stupid little drawings and move on.

YOUR JOURNAL SHOULD ALWAYS HAVE A SOLID TOP-DOWN STRUCTURE:

1) Start with Monthly→WEEKLY/DAILY → H1/H4 → M15/M5

Things to include: Weekly profiles, News for the week etc.

AWARENESS:

I have watched many of you backtest on call. A lot of you go about it like this:

FOR BACKTESTING: Open the backtesting tool, replay website, or anything you use, go about it like you’re painting unconsciously, draw some things, drop timeframes and you don’t really care since its not real-time or real money.

In reality, the mistakes you do here will translate to your live trading and you will fail horribly. You are teaching yourself bad habits and you will pay for them in the long run.

The issue for most of you is that you go back to test for multiple hours and your horrible attention spans kick in. You start doing everything lazily and to get it over with. Instead of having a 40-50 minute backtest session where you’re fully locked in and do everything properly like you would do for trading real time, you for some reason decide to drool over your keyboard for 3 hours and learn NOTHING.

You’re journaling and backtesting for a reason. You need to see WHAT YOU LACK

you need to see WHAT YOUR ISSUES ARE when approaching a trade, you need to see how emotional you get, you need to see what TIME you're doing best at, you need to see what month sucks for you and MANY MANY more things.

Instead, you’re just drawing levels and watching prices hit them like at the cinema and that’s it.

If you want to learn more on how to do this, the proper learning processes you NEED to have and more join my FREE telegram NOW: https://t.me/silkytrades

2) WRITE IT DOWN

Anything you learn write it down. No matter how small it is. WRITE. IT. DOWN.

A lot of you scroll through twitter, find an interesting post, and then bookmark it or screenshot it for later.

Don’t do that

A good test you can do for yourself is:

Go open your twitter bookmarks right now or your phone/pc saved images, Or ANYWHERE ELSE you save these pictures to..

A lot of these you just see and forget.

When you see something you want to implement or learn better. Write it down.

Simple rule of thumb:

1) Charts/Trades: NOTION

2) Concepts/Nuggets/Psychology etc..: Notebook

I have 4 notebooks/physical journals right now:

1) Trading

2) Self and Goals

3) Psychology

4) My passion

And on top of that on NOTION I have:

Trading journals, Weekly outlook, Video gallery and 100s of concept sections I keep in digital format in case I lose my notebooks.

AND ON TOP OF THAT:

I also have ms paint, visualizations on MIRO, Mind maps, phone and PC notes and more..

3) VISUALIZATION

Visualize everything you learn and apply it to SELF.

If you genuinely want to learn something or learn about yourself. Visualize things draw them you don’t need to be a professional artist, Do sketches, squiggle have fun with it.

I hope you enjoyed this read. This is only the basics and I NEED to cover most of these in depth because I’m fully aware most of you don’t see these the same way I do. If 10 people watch its 2022 mentorship all 10 of them will come out with a different view and 9 if not 10 of them with a wrong one.

Stay tuned for the next one subscribe to the newsletter to never miss one. They are uploaded weekly.