Want to be a full-time trader?
It seems coolest thing, no office, no boss, u can work from anywhere, isn't it?
But wait..
Here is a stringent checklist for u-
If u satisfy all the criteria then only think of #trading as a full time career.

#MegaThread
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1. #MentalFitness -
Yes, I kept it at top because it's all about controlling your emotions.
Then comes the trading system which you will gradually build for yourself.

Trading is about finding what works for you and sticking to it no matter what.

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2. #CashFlows -
It must be made sure that the income from trading per year on an average is more than what your current income is, plus it should cover cost of running business (office/net connection/paid subscriptions etc)

3. #DebtFree
This is most important thing when u r thinking of full time trading.
You must be debt free or if u have any emi to pay then u must have other stable income source.
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4. #NoBorrowedMoney -
This is another mistake newbies do.
They take money from frnds after losing their own initial capital.
& 95 out of 100 traders will eventually blow the borrowed money also leading to depression, anxiety & stress.
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How to calculate #Gann Pressure dates?
How to calculate static & dynamic Gann dates?

#Thread 🧵 🧵

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Let's start -
According to gann, year begins on 21st March & not on 1st January.
So, 21st March is 1st static date.
To calculate further static dates, we need to add degrees to 21st March.

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Gann consider
30, 45, 60, 72, 90, 120, 135, 150, 180, 210, 225, 240, 252, 270, 288, 300, 315, 330 and 360 degrees as an important one, at which trend change may be there.

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So, how to add these degrees to 1st static date (21st March)?
It's simple -
Average days in a calendar year are 365.256
So, Divide it by 360 (degrees in a circle) i.e
365.256 / 360 = 1.0146. Therefore, 1degree = 1.0146 days

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Now, Multiply these degrees with 1.0146 & add into static date i.e. 21st March to get other static dates.
E.g.

For 30 degree,
30×1.0146=30.4 i.e. 20th April.

For 45 degree
45×1.0146=45.6 i.e. 5th May.

Are next static pressure dates

& So on till 360°

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