Do you hop from strategy to strategy?

Can’t find consistent results?

Here's a step by step plan to fix that
👇👇👇

Before we dive into how to fix it, we need to understand WHY we do this.

I’ve done it before, most people do it. It’s a common fault of trading.
The reason we do this is because we don’t have the confidence in a strategy that actually works.

What do I mean by works?🧐

I mean something that has been PROVEN and BACKTESTED to be profitable✅
For example, you may be trading inside day breakouts. What is the win% of that strategy?

What’s the average risk/reward ratio?

If there’s no way to define those numbers, you are gambling 🎲
Now we have addressed the problem.

Let’s get into how we fix it👇
1. Understand yourself🔑

You first need to understand YOUR style of trading. Are you able to hold onto positions for a long time? Or do you prefer getting in and out within minutes?

Are you able to take some drawdown while in your trades? Or you like to be in profit instantly?
2. Select your style🤪

Successful traders don’t use multiple strategies. They focus on one strategy/setup that works for them.

Use the answers from Step 1 to pick your style (Scalping, swing trading, futures, options, etc.)👇
3. Find your strategy📈

For this step you will need to pick your strategy. How will you get in? How will you get out?

Do you use indicators? Look at order flow? Options flow? Supply/Demand?

Find your strategy and create a specific set of rules as to how it operates.
P.S.

If you need help finding a strategy, check the pinned tweet to my profile. It’s the strategy that’s allowed me to trade full time for the past 3 years 💸
4. Backtest📝

This is the time where you see if your strategy works. Win rate? R/R?

The most important part is seeing if your strategy is PROFITABLE in the long run
5. Trade 💰

If your strategy is profitable, then trade it! ONLY trade that one setup and watch the results come in over time ⏳

If your strategy isn’t profitable… repeat step 3.

OR… 👇
Use another strategy that is already working.

It could be from another trader on twitter (I like to think I’m pretty good 😂) or it could be an automated strategy you find online.

Whatever it is, make sure it’s backtested and proven to be profitable🔑
Well, that’s the end of my guide☹️

I write educational content on stocks, options, and futures.

If you like my content, feel free to shoot me a follow🙏

I have a lot more educational programs in the works so stay tuned!

Like + RT if you want me to make more threads🧵

More from FT Trading┃Stock Trader

I've compiled a master thread of the top 5 threads I've made in 2021🔥

Here's a complete guide to everything you should know about trading
👇👇👇

Before I dive in, do me a favor and retweet the tweet above this one.

I want everyone to win in 2022, and a like/RT will help someone out there who really needs it🙏

LET'S DIVE IN👇

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प्राचीन काल में गाधि नामक एक राजा थे।उनकी सत्यवती नाम की एक पुत्री थी।राजा गाधि ने अपनी पुत्री का विवाह महर्षि भृगु के पुत्र से करवा दिया।महर्षि भृगु इस विवाह से बहुत प्रसन्न हुए और उन्होने अपनी पुत्रवधु को आशीर्वाद देकर उसे कोई भी वर मांगने को कहा।


सत्यवती ने महर्षि भृगु से अपने तथा अपनी माता के लिए पुत्र का वरदान मांगा।ये जानकर महर्षि भृगु ने यज्ञ किया और तत्पश्चात सत्यवती और उसकी माता को अलग-अलग प्रकार के दो चरू (यज्ञ के लिए पकाया हुआ अन्न) दिए और कहा कि ऋतु स्नान के बाद तुम्हारी माता पुत्र की इच्छा लेकर पीपल का आलिंगन...

...करें और तुम भी पुत्र की इच्छा लेकर गूलर वृक्ष का आलिंगन करना। आलिंगन करने के बाद चरू का सेवन करना, इससे तुम दोनो को पुत्र प्राप्ति होगी।परंतु मां बेटी के चरू आपस में बदल जाते हैं और ये महर्षि भृगु अपनी दिव्य दृष्टि से देख लेते हैं।

भृगु ऋषि सत्यवती से कहते हैं,"पुत्री तुम्हारा और तुम्हारी माता ने एक दुसरे के चरू खा लिए हैं।इस कारण तुम्हारा पुत्र ब्राह्मण होते हुए भी क्षत्रिय सा आचरण करेगा और तुम्हारी माता का पुत्र क्षत्रिय होकर भी ब्राह्मण सा आचरण करेगा।"
इस पर सत्यवती ने भृगु ऋषि से बड़ी विनती की।


सत्यवती ने कहा,"मुझे आशीर्वाद दें कि मेरा पुत्र ब्राह्मण सा ही आचरण करे।"तब महर्षि ने उसे ये आशीर्वाद दे दिया कि उसका पुत्र ब्राह्मण सा ही आचरण करेगा किन्तु उसका पौत्र क्षत्रियों सा व्यवहार करेगा। सत्यवती का एक पुत्र हुआ जिसका नाम जम्दाग्नि था जो सप्त ऋषियों में से एक हैं।