Day 1 : Explaining the strategy
Day 2 : $PLTR Trade Idea
Day 3: Buying $HOOD
Day 4: Up 5% on $HOOD
Day 5: Entered $UA Trade
Day 6: Trading In Puerto Rico
Day 7: Introducing Beacon
Day 8: S&P 500 Record Highs
Day 9: Robinhood Makes Moves Into Crypto
Day 10: Roaring Kitty Meows
Day 11: $GME Trade Idea
Day 12: $NIO Trade Entry
Day 13: Taking Profits In $HOOD
Day 14: Stopping Out Of $UA
Day 15: Stopping Out Of Everything
Day 16: No FOMO
Day 17: 6 New Trade Ideas
Day 18: Entering $ACB Trade
Day 19: DXY Says To Stay Out Of The Market
Day 20: "Shoulda, Coulda Woulda"
Day 21: $CCL Hits Target 1
Day 22: Trading Psychology Book Club Week 1
Day 23: $NKE Earnings Play
Day 24: Adding Day Trades To Our Watchlist
Day 25: Learning From Our Mistakes
Day 26: How Our 4H Candle Strategy Works
Day 27: Why I Am Bullish On $TKO
Day 28: Celebrity MemeCoins
Day 29: Stocks Near Our Entry
Day 30: TheStrat
Day 31: Coaching Program Season 2
Day 32: $SWBI's Funky Chart & $TKO Entry
Day 33: Month 1 Portfolio Review
Day 34: The Importance of a Coach
Day 35: $NKE Trade Entry
Bonus: Using TraderSync To Track My Trades For This Account
Interested In Having Jay As A Trading Coach So That He Can Teach You How He Finds These Trades? Click here to get started!
Good Trading Habits Are Crucial
Our $500 Account doesn't have any updates since yesterday's blog entry. So for this entry, let’s work on ways to build positive trading habits and mindsets using the lesson above!!! Check out our Trading Psychology Live Sessions for more!
Confidence vs. Doubt
Develop a Trading Plan & Backtest: Create a clear strategy that outlines entry/exit points, risk management, and position sizing. Backtesting on historical data helps build trust in your approach.
Paper Trade Simulation: Practice trading with simulated or small amounts of) funds to gain experience and test your plan in a risk-free environment. This builds confidence in your ability to execute.
Track Your Performance & Review: Review your trades regularly, analyzing wins and losses. Identify areas for improvement and celebrate successes – building confidence through self-awareness.
Peace vs. Jealousy
Focus on Your Own Strategy: Comparing yourself to others is a recipe for envy. Stay focused on your plan and don't get distracted by others' successes or failures.
Celebrate Others' Wins: Genuine happiness for others fosters a positive trading environment.
Practice Gratitude: Appreciate the knowledge, skills, and opportunities you have. Gratitude reduces jealousy and promotes inner peace.
Growth vs. Ego
Continuous Learning: The market is dynamic. Stay updated on financial news, economic trends, and new trading techniques.
Learn from Mistakes: Everyone makes mistakes. Analyze your losses to identify weaknesses and prevent them from happening again. Growth comes from embracing learning opportunities.
Seek Feedback & Mentorship: Find a coach or community to share ideas, discuss challenges, and get constructive feedback. This fosters growth and keeps ego in check.
Dreams vs. Fear
Set Achievable Goals: Break down your long-term dreams into smaller, achievable goals. Celebrate each milestone, building momentum and overcoming fear.
Visualize Success: Spend time visualizing yourself achieving your financial goals. Positive visualization reduces fear and fuels motivation.
Develop Risk Tolerance: Fear can paralyze you. Understand your risk tolerance and stick to it. This allows you to pursue dreams while managing fear effectively.
Wisdom vs. Anger
Stay Emotionally Detached: The market can be volatile. Don't let emotions cloud your judgment. Develop emotional discipline to react rationally.
Learn from Market Corrections: View setbacks as learning experiences. Understand that even seasoned traders face losses.
Practice Patience: Successful trading takes time and discipline. Don't get angry at the market for not behaving as expected. Be patient and trust your process.
Ambition vs. Laziness
Develop a Trading Routine: Allocate specific times for research, analysis, and trading. Consistency helps stay focused and avoid procrastination.
Set Daily/Weekly Tasks: Break down your goals into actionable tasks. Completing these tasks builds momentum and keeps you accountable.
Reward Yourself: Rewarding yourself for achieving goals reinforces positive behaviors and keeps you motivated to stay ambitious.
