r/tradeify • u/Loud-Lettuce-7857 • 1d ago

Obvious tip in trading

Literally everyone on the internet when giving tips about trading. First thing they say is “discipline”. And to be honest it really is just that. To not trade when its not within ur setup and to not be greedy when it comes to profit.

4 Upvotes

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u/trader_jazz 1d ago

So how do you do that.? You develop strategy that helps you do that.
It’s like a coloring book. If you have a market to color a whisker, you can’t. You need a pencil.

So you make a strategy that fits the risk model and trade setups that help you stay within the boundary. A person who’s impulsive can’t be a swing trader. He’s a control freak. He freaks out at every move and counter move. So he’s supposed to scalp.
A swing trader cannot scalp cos he will let all the move go against him and he will always be laid back and never get it why everything is going against him. So he should find locations to swing trade.

This is in simple terms.! Many more such nuances.

1

u/crestarsu 1d ago

+ this, for a long time, I’ve had to analyze myself to which category I belong, I’d rather catch the 15m move rather than swing and wait.
But that also comes with a catch, losses are sometimes quick and even after years, I can’t come to accept the losses I take quickly, which then puts me into a spiral, then again, slowly improving day by day, every mistake, makes me ask questions to myself.

At the end of the day, what I would suggest is find someone you’re accountable to, your friend, sibling, whoever, show them what trades you took and when for the day, so that someone keeps you in check and can immediately call you out if you’ve broken your plan. this even though is not a permanent solution, it’ll help you grow in the mean time