The Outlaw
A Rule Breaker who loves to trade in opposition of others. Always trying to catch the exact bottom or top of a reversal and often bets against the trend.
let me guess, you like to break the rules a little or used to when you were younger. That rebel in you often comes out in your trading too.
You have these Trading rules you know you need to follow, but when you are in the middle of a potential trade, the rules go out the window.
You become impulsive and enter a trade before you see confirmation, which often bites you in the butt since you love to catch reversals.
Trading against the trend is the most fun because catching the exact moment a trend breaks is your favorite set up. However, since you can't wait for confirmation you often find yourself entering trades too soon just so you don't miss the exact bottom or top.
The truth, being an outlaw can have its thrilling moments. However, knowing your weak spots will be the only way you succeed in trading.
The key to success often lies in our weakest points.
AKA greatest potential for improvement.
Weak Spot: You like trade against the crowd, aka trend Breaks, but are too impatient to wait for true confirmation before entering a trade.
Solution: Try setting alerts near your trend lines & looking away until they are broken. Also consider doing this near key levels as well like supply & demand zones so you know when to look at the charts. Avoid screen time until alerts are hit.
Weak Spot: You love to get those big $1k+ winners but often find yourself risking too much to get there.
Solution: Try scaling up your trading using prop firms + a trade copier. It allows you to scale up your winning trades without the stress and Mind tricks of seeing larger numbers.