The Path to Profitable Trading: A Step-by-Step Guide to Building Wealth Through Trading Imagine working only 4 hours a week, and having the ability to travel to any country you want whenever you want. That’s the freedom that trading has given me. That’s the type of freedom that a profitable trader who makes over 6 figures per year has. You started trading because you wanted financial freedom, to make lots of money and to fire your boss. You learnt everything you can get your hands on. You watched hundreds of trading videos on YouTube, you read trading books and 1 year has passed and YOU ARE STILL NOT PROFITABLE! Don’t worry because I'm here to help you. I want to give you the exact steps I took to become a consistently profitable trader so that you can become profitable in less than 1 year. It won’t be easy because nothing good ever comes easy. But if you can get locked in and put in the work, I can assure you that you have a fighting chance. If you want this book to work for you, do not skip around and read from the start till the end and prepare to take down some notes. Step #1: Foundation Before you build a house, you need a blueprint. And when you are building a house, you need to build the foundation first and make sure it's solid before doing anything else. Because if the foundation is bad and weak, the house will collapse if it faces any form of natural disaster. I know this because I have a diploma in Real Estate Business (and also its common sense) To succeed in trading, you need a good foundation which means you need to understand the basics first. To master the basics of trading, you need to get obsessed with learning. When I was studying Real Estate Business, I had a 6 months internship with a very famous real estate company and I was in charge of handling Property Tax for commercial buildings. I would wake up at 6am and then spend around 1 hour taking public transport to my office. I looked at Excel sheets everyday and all I did was punch in some numbers which a robot can do. I was having lunch alone most of the time. I was miserable. I hated how boring my job was. I hated how I had to spend 2 hours commuting back and forth from the office. I hated how I had to eat lunch alone. But if there was one thing that kept me going during the 6 months internship, it was trading. When the internship started, I bought an online course from one of the biggest trading YouTubers at that time. And I told myself that I would study the online course and start treating trading seriously during these 6 months. And I did. Whenever I had free time during the job, I would go into a soundproof office pod outside the office and study the trading course and take down notes. During lunch time, I would read books on trading and business. After working my 9 to 5 at the office, I would continue studying the trading course when I reached home and analyze the charts until 12am before going to sleep. And I would wake up and do it all over again. I was so obsessed to the point where I would journal my trades during my commute home. During these entire 6 months, I was so locked in that my phone is on airplane mode most of the time and also I used my weekends to study instead of going out with friends. That is how dedicated and determined I was. I was relentless in my pursuit of becoming a successful trader because I know that if I can master trading, it will change my life for the better and make me financially free. And fast forward to right now, I am very grateful that I sacrificed those 6 months because those 6 months of monk mode literally changed my life. If I had to start over, here’s the exact steps that I would take to master trading: 1. Learn all the basics and everything you can on trading I personally trade Price Action which means I do not use any indicators at all on my charts. It's clean and it allows me to focus on what really matters, which is price. Price is king. Trading price action means that you are focusing on the fundamentals of trading like support and resistance, candlesticks, volume and Fibonacci etc. If you want to learn more on Price Action and other basics of trading, I would recommend u to watch all my FREE Trading Courses on my YouTube channel in order: https://bit.ly/3ZioZA4 2. Invest in a quality online course/mentor You want to make millions from trading, but yet you won’t spend $500 acquiring the knowledge that will allow you to make millions from trading. Does that make sense? When you are looking for free information on how to trade online, it can get confusing because there are loads of strategies out there. One minute you are learning price action, next thing you know you are learning how to use Bollinger Bands. You will never become a profitable trader like this! There are 4 factors you must master in trading - Technical analysis, Fundamental Analysis, Risk Management and Trading Psychology. I cover all of these in detail in my course, The Trading Blueprint. What is The Trading Blueprint? It’s an online course that I have made that will turn you from an average joe who knows nothing about trading to a profitable trader who knows everything about trading. Inside The Trading Blueprint is a step by step guide from A to Z that will guide you from the beginner phase to the advanced phased. You will learn everything about price action trading from candlesticks to Fibonacci You will learn everything about fundamental analysis like how to trade the news You will learn my advanced risk management strategies that I use to manage my 6 figure trading account Most importantly, you will learn more on trading psychology where I teach you how to control your emotions when you are live trading so you do not ruin your account. Get The Trading Blueprint course for a discount now: https://bit.ly/3Gasq5m This course is perfect for everyone, whether you are someone who knows nothing about trading or you are a losing trader who wants to take your trading to the next level. If you are seeking to get rich quick from trading, this course is not for you. As a trader, you must always be learning more everyday. There is always something more to learn about trading even if u think that u already know everything about trading World politics, news events, economic trends—even the weather—all have an impact on the markets. The more you understand the past and current markets, the better prepared you are to face the future. As you learn more about trading, I would encourage you to take down notes on a notebook or your laptop because I found that taking down notes really helped me to process all the knowledge and remember them better Step #2: Focus To become successful at trading, you can’t be a jack of all trades and master of none. That means that you should not try to master all the 1001 different trading strategies, candlestick patterns, Bermuda triangle 189% win rate strategy out there. Focus on 1 trading strategy and 1 trading style instead. What’s your trading style? There are 3 types of trading styles - Scalping, Intraday and Swing trading. You need to focus on 1 trading style and learn everything you can about that style. So how do you know which trading style is the best? The best way to find out your trading style is to read this book called Market Wizards by Jack Shwager. You will be exposed to different trading styles by successful traders and learn the essentials of what it takes to be a consistently profitable trader Once you find a trading style that resonates with you, go all out and learn everything you can about it. Let's say you choose Scalping! Then go out there and learn everything you can about scalping. Read books on Scalping, watch YouTube videos on scalping strategies and secrets, use Google to research on scalping and of course go to my YouTube channel to find more videos on Scalping Which trading strategy should you use? There are a shit ton of trading strategies out there - I personally use Price Action trading which is basically focusing on the naked price movement WITHOUT using any indicators. You need to experiment with different strategies and backtest them and then find out which one works best for you and use that one. Remember someone else's trading strategy might not work for you so there is absolutely no point in copying your favorite millionaire trader guru’s strategy! I tried using different indicators like MACD and bollinger bands etc but I found out that my favorite indicator is the Exponential Moving Averages which is why I am using it as part of my strategy A good trading strategy will allow u to know when to buy or sell, when to exit which is basically where to place your stop loss and take profit and then what is your minimum risk to reward ratio and also you have to know when not to trade Step #3: Plan When you are trading, you will experience loads of emotions like fear, greed and anxiety etc. All of these emotions will cause you to make bad decisions when you are trading and you will lose money if you let these emotions control you How you can prevent this is by creating a trading plan! A trading plan is a set of guidelines that define your trading. You need to include these 7 things inside your trading plan: 1. What is your time frame? Define the time frames you’re trading. If you’re a swing trader, then you’ll probably be trading the 4 hour or daily time frames. 2. What markets are you trading? State which markets you’ll be trading. It could be equities, forex, futures etc. 3. How much are you risking on each trade? This comes down to your risk management. You must know how much you’re prepared to lose on a single trade. For starters, I would suggest no more than 1%. This means if you have a $10,000 account, you cannot lose more than $100 on each trade. 4. What are the conditions of your trading setup? You need to know the requirements of your trading setup. Whether you’ll trade when the market is trending or ranging or both. (For beginners I would suggest trading with the trend). 5. How will you enter your trade? You can enter on a pullback or breakout. 6. Will it be a limit, stop or market order? 7. Where is your stop loss? No professional trader would enter a trade without a stop loss. The first thing you need to ask yourself is, “where will I get out if I’m wrong?” And place your stop loss there 8. Where is your profit target? And if the price moves in your way, you need to know where to take your profits Creating a trading plan is the easy part. The hard part is to actually follow the plan consistently. Once you have completed your trading plan, it is time for you to execute it. You must execute your trades consistently according to your trading plan. That means you can only take that trade if it lines up with your trading plan. If it doesn’t, simply do not take that trade. This might sound easy in theory but it's actually pretty difficult to stay out of the market. If you’re just entering trades based on how you feel instead of following your plan, it would be impossible to tell whether your trading strategy works or not. Do not change your trading plan just because you lost a few trades in a row because results are random in the short run. This means that you need a minimum of 100 trades before deciding whether your trading plan works or not. Remember you cannot control the market, you can’t control how much money you will make today or next week but there is one thing you can control and that is yourself. You can control how you react to what the market is showing you You can control whether you stick to your trading plan or not Step #4: Record After you have started trading, you need to create a trading journal so you can record down and track your trades. Your trading journal is like a ‘diary’ that records your trades and this determines whether you will be a consistently profitable trader or loser. A trading journal helps you identify your strength and weakness I used to search for the perfect trading strategy that works all the time. After I lose a trade, I will go on to find the next trading strategy and this mistake has cost me a lot of money. Because I didn't know what worked, my trading was quite inconsistent. I would win some money and then lose money. That was my weakness - hopping from 1 strategy to the next. But how did I realize my mistake? Because I recorded my trades in my trading journal and I realized that my trade setups are always different. One minute I would be trading breakouts and another minute I would be trading pullbacks And that's the problem. I couldn't point what worked and what didn't because my strategies were always changing This is why having a trading journal is so important. It allows u to learn from your mistakes and that itself will prevent u from losing money If you have a trading journal, you can look back at your past trades and identify which patterns are costing you money — and stop trading it. Then, focus on the ones that are the most profitable for you and you‘ll find your edge in the markets. If you want to shorten your learning curve and become a profitable trader faster, invest in The Trading Blueprint course for a discount now: https://bit.ly/3Gasq5m Now it is time for you to apply what you just learned. Go out there and practice and apply what you have learnt onto the charts. Backtest your trading strategy and adopt what works and eliminate what does not works. Make me proud and remember I am here watching you from afar, rooting from you!
