Defining your Edge in Day Trading : How to Win

14 hours ago
8

a. Bias matches
b. Sweeping main and local levels
c. Displacement
d. FVGs/Breaker Blocks
e. SMTs
Maintain good psychological practices
a. Define your edge
b. back testing
c. forward trading on paper
d. Always trade your plan don’t deviate
e. Focus on the plan not making money

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I embarked on my trading journey with a modest $400, saying if I lose it, that's it—I'm out. Initially, the excitement of the market saw my account swell to $6,800. However, the thrill led me to over-trading, and as I watched my account balance start to fall, I began jumping from strategy to strategy in a desperate attempt to recover my losses. Engaging in revenge trading and letting my psychology fall apart, I ultimately depleted my account to a mere $40. Leveraging my computer-building skills, I sold a few computers and replenished my account to $240.

Undeterred by this setback, I dedicated years to honing my skills, mastering the intricacies of the market, and developing a robust trading strategy. The journey was challenging, but I found inspiration and guidance from experienced mentors who emphasized the importance of trading psychology, discipline in trade execution, and treating trading like a business.

With newfound knowledge and a refined approach, my trading took a positive turn. My once-depleted account grew steadily, reaching an impressive $30,000. I also explored the world of algorithmic trading, creating a custom bot. Eventually, I discovered proprietary trading firms. While these firms were akin to casinos, they offered great potential for someone like me, who had developed a defined edge and the self-control needed to succeed. With a well-crafted plan, I dove into the world of prop firm trading.

As my trading skills flourished, so did my passion for helping others. I began mentoring fellow traders in various Discord servers, finding immense satisfaction in guiding struggling traders toward success. This newfound love for teaching and mentorship inspired me to open my own server, dedicated to helping new and struggling traders achieve their goals. I partnered with my closest friend, who had already made significant gains in trading and shared a passion for teaching and helping others.

The long, arduous journey I had endured was finally paying off, not just for me but for the traders I was mentoring. The setbacks and lessons learned along the way became the foundation for a thriving community of traders under my guidance. My story became a testament to resilience, the power of mentorship, and the rewards of perseverance in the ever-challenging world of trading.

We offer comprehensive mentorship, emphasizing fundamental principles crucial for success in this industry. Our program aims to instill a mindset that views trading as a disciplined pursuit, not merely a hobby or get-rich-quick scheme.

For many novice traders, sifting through this vast sea of information without prior expertise can be overwhelming. They often get caught up in searching for a "golden strategy," spending countless hours on YouTube videos designed to lure them in. Trust me when I say, it's not just about the strategy but about personal development.

I have been fortunate to seek guidance from accomplished traders through mentorship programs. Drawing upon my own journey of trials, perseverance, rigorous training, and eventual success, I've established a Discord community to share insights that have been instrumental in my own achievements and those I've mentored.

I want to express my heartfelt gratitude to my mentors for helping shape the trader I am today.

The information provided by DayTrading Edge is for educational purposes only. It should not be considered as financial or investment advice.

Trading in securities, cryptocurrencies, or any other financial instruments carries a high degree of risk and may not be suitable for all investors. Before making any investment decisions, it is important to carefully consider your investment objectives, level of experience, and risk tolerance. You should always seek professional advice from a licensed financial advisor or broker before making any investment decisions.

DayTrading Edge and its coaches and staff shall not be liable for any losses or damages arising from or in connection with the use of the information provided by DayTrading Edge. Each member is solely responsible for any and all of their investment and trading decisions.

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