7 Principles that ALL Successful Traders Follow

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investment strategy.

[peachyinvestor]

There are so many principles it was hard to fit them all into one video. I am curious though, if you had to add a number 8 to this list... what would it be?

[saravanakumar]

According to the video, here are the seven principles that all successful traders follow:

1. Patience equals profits: Avoid impulsive trading and take a few solid trades per day.
2. Markets are always changing: Adapt your strategy as the market changes.
3. Obsess over your process, not profits: Follow your trading plan and don't chase daily profits.
4. Be a self-aware trader: Take care of yourself physically and mentally as trading is a high-performance activity.
5. Simplify your strategy: Learn three concepts of your trading strategy and focus on a few stocks.
6. Adjust your expectations: Set realistic goals and weekly targets.
7. Be a leader, not a follower: Develop your own trading ideas and strategies. Don't blindly follow others' trades.

[Metz]

I would add these:
8. Follow the money. Money attracts more money. (Meaning High relative volume and positive sentiment) We are in this game for money affer all.
9. Socialize with peers. In person or digitally. Trading can be hard af when you are totally on your own. Find people who enjoy the passion of trading/investing/stocks etc.
10. Stay away from daily weekly and monthly profit targets. The target should always be executing the strategy as best as possible. Excute, get green, get out and be profitable long term. Simple. Do it.
11. Price Action via candles and patterns is the best indicator there is. All other indicators are just an assistance to affirm your execution. Moving averages, vwap, RSI, macd, etc. All good but none of them are as good as the intraday candles. After candles the next best indicator is volume. Next one is the Order flow in L2.

[mssunshine]

I love watching Peachy Investor, Stock Brotha, & Everything Money. Love them all! ❤ ❤ ❤

[kenwilliams]

I've been trading for over 10 years, and I can tell you are the voice of experience, this is a very savvy and wonderful list, great job in presenting it, thank you so much.

[steeeebs]

I just came across your channel yesterday and I have to say you are such a great teacher. You are so articulate, knowledgeable, and concise. Glad I found you

[shookmusic]

#1 patience pays. Beat over trading. Set a time window 9:am-9:15 process>profits. risk reward go for 2R, 3R trades. Lead dont follow is huge, also known as accepting the responsibility and goes along with accepting the risk. Keep chart simple, Trade price action breakouts (rectangles) and vwap longs only above and shorts below, Wait for Multi time frame alignment trades. 1-2 a day is all you need

[kiptrading]

This video came along at the right time. I am struggling after some initial success. You helped me realize that I am over trading and need to be patient and slow down.

[Jake-xekt]

Great list!! For others that may read this comment, it sounds like a simple list but if you're just starting out trading, in a couple of years, the list will be more profound and meaningful. I say that because as she knows, it takes a couple of years to realize your inner weaknesses and strengths you never confess to others. Everyday it's a battle against yourself in these 7 areas she points out. For me, my biggest challenge was and still is, why can't I cut my loss faster? Why do I continue at times to hold onto a loss longer than I should? Each day you want to ask yourself, how did I fare in the battles (trades(s) today?

[wealthychristine]

Literally found you, and watched 3 of your mindset videos in a row. Love your content.

[kcoutlaw]

Thank you Britt. Always great information and very well presented

[CojaboBerlin]

Basically it´s about control of your picks in planning, execution & reflection. Thanks for the advice. Patience is key - keep your emotions in check. If you win, celebrate less. If you lose, don't let yourself down too much. Find a baseline. Focus & knowing your timeframe is really important in my eyes.

[svradenburg]

Love your content! Thanks for all the hard work producing this. Key take away for me (on this one) is trade window limitation and journaling! I haven’t yet started full time day trading and your mentoring is great prep.

[Fish-please]

Thanks for the advise...Keepem coming :)

[Robrabb]

Thank you for this reminder & overall look. Great advice 👍

[alehax]

Excellent advice. I've gone through this and learned the hard way

[UVdaGreat]

Love this channel! representing NC strong! This is Accurate I must say!

[Sovann-Chronicles]

Truly enjoyed watching you Peachy Investor. All good advice. Thank You!

[issifoumamane]

I'm New on your Channel, but i love much! Very nice!

[Davidmccrossen]

You give some really great advice. You make easy to understand videos as well you’re a really good teacher thanks for all your hard work.👍👍