Anarchy: Day Trading for Rebels

Failing Your Way to Day Trading Success: Why It’s Essential

Dec 2, 2024
Discover the hidden power of failure as a cornerstone of success in trading and life. Learn how doubling your failure rate can actually pave the way to rapid progress. The speaker shares personal experiences and insights from historical figures, emphasizing the importance of resilience. Embracing challenges isn’t just beneficial—it’s essential for developing key trading skills. Let go of pride and unlock your potential by viewing mistakes as stepping stones to success!
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ADVICE

Double Your Failure Rate

  • Double your failure rate to succeed faster.
  • Embrace failure in trading and life.
ANECDOTE

315-Pound Bench Press

  • Levi finally bench-pressed 315 pounds after years of trying.
  • He emphasized that achieving this milestone required consistent effort and overcoming failures.
ADVICE

Lower Timeframes

  • Lower your trading timeframes to increase practice and failure rate.
  • Jordan trades on the 15-second timeframe, finding value in frequent practice.
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