HOW TO STAY AN UNPROFITABLE TRADER!
Inversion Thinking Method:
Inversion is the practice of thinking through problems in reverse. It's the practice of “inverting” a problem - turning it upside down - to see it from a different perspective. In its most powerful form, inversion is asking how an endeavor could fail, and then being careful to avoid those pitfalls.
Alex Hormozi does a very good video on YouTube on Inversion thinking and how to apply it to your life to become more successful. The video link is Here -- Alex Hormozi "Reprogram your mind to be rich"
I am working very hard every day to become a successful profitable and consistent trader. So I applied Inversion Thinking with my experiance of trading and all the ways I personally have discovered to do if you want to stay an unprofitable...
1) Always use your enrtire account value when you trade
2) Never set a stop loss
3) When a penny stock is sky rocketing Buy and hold
4) Never assess Risk:Reward before a trade.
5) ***LET YOUR EMOTIONS RUN YOUR TRADES***
6) Never take partial/all profits when the stock hits support/resistance
7) Always hold on to a trade until its at a Loss
8) Never step back and not trade when your having and difficult time and getting frustrated
9) ***DO NOT CREATE A TRADING PLAN/STRATEGY***
10) Focus on as many stocks as you can at once
11) Trade first - Identify trend second
12) Dont wait for a PULL back, Enter where it is.
13) Pay no attention to any news or market data
14) Make assumtions and treat them as facts
15) Read Twitter & blogs and follow what every "Day Trader" tells you
16) As always, Buy High and Sell Low...
Now Obviously this is what I have found to be the things I have to resist from doing. Sometimes it is harder then it seems. But by looking at it in the Inverse It really has helped me to identify when im about to do one of the "Rules to be and Unprofitable Trader"
Pass it on!!!!.......
as always, I wish you all the BEST
--BIZ--
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I love the market and everything about it. HARD WORK AND DISCIPLINE!
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