B The Trader cover image

Day Trader Lost a Million Dollars and Recovered

B The Trader

CHAPTER

How to Protect Your Mental Capital

There's four stages of being a trader. One, you get into trading. I've got to spend a couple of years getting into the system. And then you move to level three. It's not a matter of if I'm going to make money. It's a matter of how much money I'll make. The guys that I can't hold a candle to, they're just better than me at this. That's how an efficient hunter hunts. If you are busy trading subpar setups all day long, you aren't going to make a lot of money. You need to sit back and look at the market in some days because there is activity out there. In other days,

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