The secret to getting from where you are to where you want to be: 1. Define clear goals. 2. Action plan to achieve the goal. 3. Act on the action plan. 4. Eliminate self doubt due to failure. 5. You 'll get the same output if you use the same input.

Motivation is what gets you started, commitment is what gets you going. 6. WHY: is the driving force towards your goal. • Commitment is the determination of a person to achieve the said goals, no matter the obstacles.

You don't trade the markets, you trade your beliefs about the markets! 7. Limiting beliefs are false beliefs that prevent us from pursuing our goals and desires. To understand more about belief systems read the book Super Trader https://www.amazon.in/Super-Tr...

Discipline to follow rules is a mark of a top trader: 8. Check whether you have followed your set of rules. 9. Analyse the reasons for your profits/losses.

10. Avoid too much screen time in the beginning phase: • Just spend one hour post market opening and trade whatever you have planned the previous night. • Follow your set of rules and place the SL and target in the system. • Max risk shouldn't exceed 5k per trade.

11. Traders falling victim to the gambler’s fallacy can take more risk when they lose. • Rules help to define to max risk per day. • Discipline to follow the rules helps in overcoming over trading.

12. Hack to overcome over-trading: • Put less funds in your trading account. • You will be short of margin for more number of trades.

13. Exit the moment your defined loss per day is seen as MTM in the trading account. • Define how much you wish to give back to the market. • Trading is an entire cycle consisting of: -Stock Selection -Patience -SL -Entry -Exit -Post trade analysis

14. You only fail when you stop trying: • Failure is just the start of idealizing your final product & reaching your goals. • Failure means that you've ruled out one road as a dead end. •Silver lining is that there are a million other roads to try, which will lead to success.

“Our goals can only be reached through a vehicle of a plan, in which we must fervently believe, and upon which we must vigorously act. There is no other route to success.” - Pablo Picasso.

If you enjoyed this thread, here's another one which might be helpful: https://x.com/niki_poojary/sta...

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