The Freshman
A Trader who still has so much to learn yet lacks clarity on which path to take.
Freshman Archetype
You most likely heard about trading from a friend or from a social media post. Maybe your interest first sparked off the GMC-AMC craze a few years ago...Whatever led you down this path, welcome!
A freshman is a trader who is still very new to terms like Technical Analysis, Supply & Demand, FVGs, Divergence, scalping strategies and other advanced trading techniques.
There are actually so many strategies on YouTube it's starting to overwhelm you a little. Where do I even start? Which strategy is best for beginners? Should I trade stocks, options, forex, or futures?! The information overload can be exhausting at times.
The good news is you decided to do what most traders fail to do, that is analyze yourself before you decide to commit to a trading strategy. So that brings me to the important question...
Do you know your weak spots?
Do NOT Skip This ...
Knowing your weaknesses is actually the key to unlocking your greatest potential.
Your Weak Spots
AKA greatest potential for improvement.
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Weak Spot: You lack proper screen time and charting skills. The average trader should analyze markets 1-2 hours per day for at least 3 months before ever taking their first live trade.
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Solution: Try cutting the learning curve down by following reputable traders on YouTube who breakdown things like trading terms and Technical analysis for beginners.
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Weak Spot: You most likely have a small account and are under the PDT rule which requires $25k+ to Day Trade.
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Solution: You can swing trade stocks to get around that rule and or try something like futures trading which the PDT rule does not apply. Average account size to start day trading is about $1000.
Your Homework
After reviewing your Trader Archetype, It sounds like exploring the benefits of Day Trading Futures using a small account as well as Developing a simple Trading Strategy could help your Trading Journey. I am hosting a Free Workshop this week on How to get started Trading Futures with as little as $50 -make sure to snag your seat while spots are still open!
Watch My Latest Youtube Video, How to build a simple Trading Strategy that works.
