As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus. I'm gathering information on how to go about it. Your opinion will be highly appreciated.
There is no peculiarity in the success of a trader in 2024 than in any other year, it is the same approach, and the more you can learn, train, utilise what you learned, and be managerial and disciplined, the better for you in your trading career. If you have been losing in the past, you need to look back and note what you have been doing wrongly, that thing is what you need to correct for your trading experience in 2024 to be better. Nothing is special about trading and it can be learned and known within the shortest space of time, only that it is tough to implement which is where you will have to work well with.
But first, you must be sure that you already have a good trading strategy, without it, you will get nowhere near success in 2024. Your trading strategy should be capable of 75% winning at the least, and if you have not gotten it yet, try to continue learning and looking for it. After getting it, go straight to your managerial skills, you need to learn how to manage your risk and money effectively, and I believe that the principle of the risk-to-rewards ratio should help you better in this regard.
In addition, you need plans that will coordinate all that you know to build it into a working trading system, this is very important, and your trading strategy and management must be good for you to have a good trading system and plans as well. Lastly, you have to work on your trading psychology. Let nothing cause imbalances in your trading plans, thinking and mindset towards trading, you have to be strict and disciplined with the implementation of your trading systems and plans. By doing this, you will surely become the kind of trader you want to be in 2024.