7 steps to become a trading sniper

LCapitaljr
2023-09-02

7 steps to become a trading sniper: $S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $DJIA(.DJI)$

1. Develop A+ setups
- Focus on low risk, high reward
- Don't worry if you need time to execute
- You don't need to catch every market's movement to be successful
One setup is enough to kill in the trading arena.

2. Focus on A+ setups
- Execute like a machine when you spot an A+ setup
- Forget anything else. Don't take stupid trades just because you don't have opportunities
Trust your setups. Trust your plans. Trust your execution.

3. Control your emotions
Waiting is the hardest trading skill:
- You need patience to wait for your setups
- You need discipline to execute your setups
- You need confidence to win with your setups
Traders, like snipers, wait 99% of the time.

4. Know your system like a brother
- Know the details. RR, WR, strengths and weaknesses.
- Know what to expect: "If x happens, I'll do this. If y happens, I'll do this."
Always have a plan.

5. Aim for 1%
If average traders practice 1 hour per day, start practicing 2 hours per day.
If average traders review trades once a week, start reviewing trades every day.
If average traders never shapes minds, start meditating every day.
To be the 1%, do what the 99% don't do.

6. Stop listening to other people
- More than 95% of traders lose in a 5 years period
- If you want to win you can't focus on other people's opinions, trades, views
Focus only on your system. It's your greatest weapon.

7. Become a trading sniper
- Focus on A+ setups
- Control your emotions
- Always have a plan
Shape your weapons. Shape your trading.

4 hours per day:
1 hour of studying price action
1 hour of backtesting your system
1 hour of improving your edge
1 hour of mastering your emotions (meditation, lift weights, journal)
In 6 months, you'll be a 10x better trader.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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