A weekend thought for those on the quest to consistency

Above all else, you don’t quit. This is a marathon you can only lose by quitting. All walks of life succeed in this industry. Risk management will get you there, you just have to last long enough to see your accumulated edge come to fruition. This means starting small. Everyone starts out a losing trader. You can either lose with small sums or large sums, it’s up to you. How do you guarantee your progress everyday? Journal, and Review every single trade. Take note to how the same solutions to your issues arise and be conscious of them going into every day. Make a playbook of setups you play well. Go back on trading simulators and practice said plays. Be relentless in your pursuit of knowledge. You have to really enjoy this stuff or it’s damn near impossible to reach consistency because of how much time it takes. Hours in the live market, hours after close honing the craft. Know yourself and pick a strategy based around it(your risk tolerance.) Once you see a strat that’s easy to comprehend, and you see some success, stick with it. Do not strategy hop or it will outrageously slow you down. This isn’t to say you don’t tweak the strategy to work for you (especially based on different market conditions.) Understand supply and demand regardless. You need to understand how big money moves, so you you can move with it. And know above all volume and price are king. Look up volume price analysis. (Richard Wyckoff) Anna coulling has a great book on it. Simply put price should match volume and volume should match price. I.e big volume should have big price action and Vice versa. If not be on alert. Dive into trading psychology (Jared tendlers books great,) you need to understand how to interpret your emotions as to get ahead of the ones that may hinder your performance. Don’t listen to people on here who say bs about “oh if your strategy is perfect your emotions don’t matter” they’re just hoping that there’s some simple fix. They are not profitable 10/10. Because we are humans, erasing our emotions isn’t possible and trying to ignore them is wasted mental capital. The more you know about your emotions, and what trigger them and what the signs of them coming are the more you can avoid. This helps you know when to step on the gas and when to hit the breaks. Trading psychology is why everyone doesn’t just get good at TA and succeed. Risk management is everything, this is how you keep losses small and let winners ride. This is how you don’t blow up multiple accounts. Good trading is boring. You shouldn’t be getting a rush from this. Find a trading buddy, community, someone in the industry who will understand your struggles. Because this is a journey of years. I’m absolutely forgetting things but these came to mind right away. Don’t compare your journey with others and like I said to begin with, don’t give up. You got this!

Please share the wealth on what has helped you succeed!