Key insights
- The author shares a 3-step trading strategy emphasizing practice in a trading simulator before deploying real capital. This approach aims to mitigate losses from impulsive strategy implementation. While the strategy itself isn't novel, its focus on disciplined practice and risk control could marginally reduce volatility from retail traders, presenting a slightly bearish signal due to potentially decreased market participation.
Yeah I know the title sounds like a textbook but hear me out lol.
I kept losing money because I'd read about a strategy, get excited, and immediately try it with real cash. Dumb. So I forced myself to make a simple 3-step thing:
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Pick ONE setup and stick to it for the week. No jumping around like a squirrel.
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Practice it in a trading game first. Found this thing called Trading Game - you get $10k fake money but real market data. There's even an AI coach that tells you "bro why did you enter there" basically. It's humbling lol.
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Only then - small real money. If I'm consistent in the sim for a few days, I take it to my real account. Two losses and I'm out for the day, back to step 2.
I still make dumb mistakes but at least now they're free.
What about you? Do you practice at all or just send it with small size?