11/07/2025
Dear trader,
To every struggling trader out there, just know that you're in a phase that ALL successful traders went through.
The delicate part of this phase is that most people quit here. This phase is like a consolidating market where you make profit today and blow it tomorrow.
Sometimes, you make profit and one loss just comes to wipe out the entire profit and capital, don't worry, it's a phase!
At this phase, there are majorly three things you must do:
1. Write down your trading plan. Please ensure this plan includes your risk to reward ratio. Do ensure that the amount you risk per trade is within a close range (eg between 0.5% to 1, between 5% to 10%, etc). If you can keep the percentage fixed, it will do a lot of good.
Secondly, ensure you risk what will help you to take a minimum of 10 trades on an account before it's blown.
2. Become more self aware. Deliberately and consciously work on character traits like revenge trading, FOMO and so on. Create a rule that you can easily follow. For instance, have a maximum number of trades you take per day. If it's possible to get an accountability partner, please do.
3. The last thing you must do is to have an alternative stream of income that can take care of your basic needs. Trading is like a butterfly, if you chase it, it will fly away; but if you tend a garden, it will come by itself. I have noticed by experience that when you have pressing financial issues, that is when you make a lot of blunders in trading.
On a final note, it's important to know that whatever you're going through now, others went through it and came out successful. I heard the story of a trader who was owing investors in seven figures. He spent some years in prison, came out and paid his debt. Today, he's a multimillionaire in the trading space.
Don't give up fam! There's no end to a man who never gives up.
See you at the top! Good day 😊
