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SPDR S&P 500 ETF TRUST

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SPY QQQ a little advice to newer traders.

in the past 2 months.
I stopped looking at comments on minds, because I would make trades sometimes based off of someone's comment/opinion, as a confirmation on what I wanted to do. since I've stopped reading minds I've ended up with a winning record.

keep in mind I've been trading for about 7 years, I'm finally starting to make money and realize the importance of patience. proper entries, along with noticing trends, and when they're ready to reverse.

since I've stopped reading comments during trade hours I've only lost 2 trades within the past 2 months trading only QQQ Nothing else.

what I've learned is, to not lose focus, even though I've invested thousands over the years I had a losing record for a long time and the tables are finally turning.

I'm not saying minds made me have a losing record, it was my mentality that caused me to lose, and after a while you get tired of losing over and over and you start to evaluate what is really the problem.

trading is 90% mental 10% strategy in my opinion. I used to win a trade, then see someone on minds say something about a big drop coming, and then I would get back in and lose it all! now I'm mentally focused. I try one trade a day even if its a losing one, usually 3 to 4 days a week. don't trade all 5, it will mess with your head until you figure out what strategy works for you.

I've learned that you can be in charge of the amounts of money you make, but you have to learn to kick euphoria in the butt first, after that everything starts to fall in place. I'm by no means rich, but I'm averaging pretty good on a weekly basis.

my biggest advice to new traders and traders that are about to give up or have lost a lot in the markets are,

Focus on yourself, don't trade based off of feelings, never over leverage yourself, use your own money when trading so you know how it feels to lose money, be very patient when entering and exiting positions, its never wrong to take profits, ever!

DO not read minds during trading hours, study day in and day out, nonstop and keep telling yourself it's gonna be worth it. I promise it will.

this is coming from a 29 year old construction contractor who has 4 kids under 6 years old. I'm ready for a big change in life and I believe the markets will make it happen as long as I remain focused and consistent.

and what I am trying to say from that is that
If I can manage to make time to study these charts and figure out how to start winning. I know for sure whoever is reading this can as well.

I pray for anyone reading this that you will become more successful than you could've ever imagined and you never look back.

Good Luck!




SPY let's pop some bottles a red day ! loll 🥂

SPY pump it more America!

SPY spooky red background indicator triggered
Snapshot

SPY is up ~40% from when the Fed started hiking in 2022 and up 30% from this year’s lows. Anyone who thinks the rates need to come down for the stock market to outperform is delusional.