The Inner Circle Trader Twitter Spaces Archive When Starting Is Difficult Or Intimidating - July 6, 2023
Jul 6, 2023
Advice on getting started in trading and overcoming challenges. Importance of mindset and psychology. Learning from others' mistakes. Inspirational rant at the end. Overcoming fear and starting to trade. Recognizing patterns and circumstances for more successful trading. Importance of work ethic and independence. Starting with a humble beginning and avoiding social media influencers. Striving for financial independence. Overcoming mental barriers. Importance of discipline and self-control. Starting small and building confidence. Trading strategy focus. Challenges of starting in the trading industry. Developing the right mindset.
AI Snips
Chapters
Transcript
Episode notes
Cameron's Trading Challenge Story
- Cameron tried seven times to pass the funded trading challenge but failed each time using impulsive, video game-like trading.
- Jesse teaches him to trade with discipline and realistic expectations to avoid repeated costly mistakes.
Overcome Fear and Control Risk
- Desensitize yourself to fear by taking small trades to overcome fear of entering the market.
- Trade with discipline, control risk, and never risk more than 1.5% of your account per trade.
Start Small and Scale Up
- Start trading with a low target, like $250 per trade, which is realistic and rewarding.
- Scale up gradually and avoid demanding large profits at the start to build confidence.