Things I know after Trading for 5 years that I wish I knew in my 1st year: 🧵

Collaborated with @niki_poojary

1. Stop trying to focus on theta decay to earn money. Use Price Action to build your capital & get profitable.

2. Quit Averaging trades. It is the worst thing you can do to your account.

3. Instead of averaging, reduce quantities when wrong and increase quantities when right.

4. Spend money on learning from the best. Don't spend too many years being in losses.

5. You can avoid big drawdowns as long as you focus on money management a lot.

6. If you were in losses, focus on how the best traders are earning and try to learn from them.

7. Non-directional trading is not the safest way of trading. Being against the trend can blow up your account.

8. Put some money into learning option selling. Start compounding with that knowledge. Let compounding work its wonders.

9. Focus more on learning. Less on negativity.

10. Focus less on building followers & more on providing maximum value.

11. Rather than showing off cars & vacation spots. Build friendships & relations with traders with a similar mindset to you.

12. Not every day will be a green day. Learn to accept losses and red days.

TED Talks are life-changing.

Here are 12 Most popular Stock Market Ted Talks worth your time: 🧵

Collaborated with @niki_poojary

1. Investing 101: A Beginner's Guide

By Nikhil Kamath

Breaks down investing in the stock market for complete beginners, mainly at the college level.

Time: 12 mins

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2. Investing in the Stock Market

By @VijayKedia1

Discusses the benefits of investing in the stock market through his own life examples.

Time: 13 mins

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3. Everybody can achieve Financial Freedom

By @SharqSamsu

Talks on how everybody can achieve Financial Freedom in their life.

Time: 19 mins

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4. How I learned to read and trade stocks in prison

By Curtis "Wall Street" Carroll

This video will tell you, how to be more savvy with your money.

Time: 11 mins

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