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About Me

About Me

As I mentioned in my first post, Welcome Letter, I am using this opportunity to be completely transparent with my process and take journaling to the next level by publicly posting my process and journey. 

I am interested in how publicly journaling will develop me as a trader. I desire to go far enough to be able to freely navigate all markets and conditions. 

To do this, I must delve deeper into this discipline and develop more psychologically and intellectually.

How is it that so few traders can make money or that so many lose money? 

Better yet, how are so many consistent traders successful yet have very different trading strategies? 

The solution lies within their mindset and how they develop. 

I need to understand it, experience it, and innovate so that I can achieve my dream.

One of my dreams is to soar as a trader. 

I have many others, but I must accomplish this before I can even grasp the others. 

I will always be a lifelong learner. 

Becoming a successful trader will help me care for my family financially, but I want to continue to grow and better myself to be who I need to be. Life has such beauty, and I am grateful for many things.  

Join me as I traverse my path to becoming a consistently profitable day trader, and who knows, you might gain some insight into how to further progress through your own journey and reach your dreams, whatever they may be.

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Day Trader Behavior Cycles: The Foundations of Change

As I stepped into the realm of trading full-time, I quickly realized how psychology and specific behaviors can positively or negatively affect trader performance. Beginning trading full-time in one of the most hyper-inflated markets and one of the best bull markets in history, I witnessed very volatile and drastic moves.  Having been learning about the market on and off for a couple of years before full-time immersion, I approached it cautiously. However, due to the current market's highly bullish nature, my cautious approach continued to hinder me. As I started participating in the market, I slowly fell into a false sense of security. I knew this wouldn't last forever, but the opportunity was too great to not push and be a part of the crowd. People made lots of money regardless of what or when they bought. Those who held and hoped were rewarded handsomely. As the days, weeks, and months went on, I slowly started to let go of my cautious approach and was making more money and c