Here are 6 giveaway signs to know when you're mentally ready to go full-time:🧵
Let's start with a controversial one
You don't need money
If you're desperate for money, you'll end up losing a lot.
Make sure you're financially in a place where you can take on losses
Even better if you have multiple sources of income as well
You're not checking positions when the market is closed
If you're holding positions overnight, you simply can't be checking every minute after hours
Traders that are able to live their lives without worrying about their positions are in a good mental state to go full-time.
It's easy to stop trading
Imagine it's one hour after the market opens and you haven't taken any trades.
Are you scrambling to look for a trade?
Or
Hopping of the computer and accepting that there's no opportunity?
Not affected by other traders
Are you able to see other traders on twitter make 10x more than you?
How do you react?
Try and trade more because you are greedy?
Walk away from a red day
Accepting that you'll have red days is a great sign you're mentally prepared
No one likes red days
But we all have them
Are you going to overtrade or accept the loss?
You're not looking for the next best opportunity
There are times where I see a new strategy that looks interesting
But I don't bother with it
Why would I?
I already have a strategy that makes me and my customers money
Don't change something that's working