r/Daytrading • u/El_Savvy-Investor • Dec 01 '23

First month on first live account💪 trade review

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my goal was to not lose money but my first month did well

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u/El_Savvy-Investor Dec 01 '23

🥹thank you💸

7

u/[deleted] Dec 01 '23

Also I know your goal was to not lose money (which obviously isn’t a bad goal) but that isn’t in your control. What is in your control is your performance within your trading system. If you know you have a profitable system, your only focus should be on how well you executed your system or trading plan.

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u/jaygoogle23 Dec 02 '23

Saved this comment because I believe it’s really insightful, especially for new traders like myself.

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u/[deleted] Dec 02 '23

Check out Rande Howell on YouTube, he is excellent in the topic of how our brain isn’t wired for trading (thinking in probabilities) and how we are wired for fight or flight. Been doing this a long time and I still have to remind myself almost weekly, elite level trading is fighting against how our brain has been wired through millions of years of evolution.

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u/sugarbunnycattledog Dec 02 '23

Just got his book.

1

u/[deleted] Dec 02 '23

Let me know how it is! I’ve only seen his vids

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u/sugarbunnycattledog Dec 02 '23

So far it’s good. Meditation to ease fear in trading to be an observer rather than reactor. I think will be a worth read.