I feel there are too many articles, courses, twitter threads on how to be a good trader.
Yet, we all do the same mistakes and keep doing them, because we are impulsive monkeys with zero self control and discipline.
So, I am writing this article to show you how to be a bad trader, the worst you can aspire to be. Hopefully, it will offend you and resonate with you so much that you will start to hate some of the worst mistakes you make and start working on them.
Doubt yourself
The first and very important step to be a bad trader, is to have low self-esteem, and doubt yourself.
After all, you missed your chance to make millions in the easiest bull run of human history, while everyone else was getting richer and richer, you must be some kind of idiot, right?
So, don’t believe in yourself, you’re not good, and if you nail some good trade it’s just luck and could have gone the opposite direction.
Never congratulate yourself on profits, just keep complaining on how much you missed by closing early, or joining the trade too late. It’s never enough, you will never be enough.
Make sure to make perfect plan with TA, then chicken out when the trade comes and not take a position, then regret forever missing out on free money. You were stupid AND a pussy, what a loser.
Don’t plan, just jump in
We all know the markets are completely random and obey to no one, but also at the same time the market are manipulated by evil whales and market makers against you, yes they are after your $1,000 position and your stop loss. They don’t want you to win and they will just shake you out of your position. What’s the point of planning if the game is rigged against you?
Stop loss? The market maker will see it and make price go get it then pump back without you.
Take profit level? Lol good luck, price is just gonna get $2 shy of it then retrace back to your entry.
Just jump in, it’s all random.
And if you do plan, please refer to the previous paragraph, make sure to doubt yourself in the middle of it, change your mind 10 times because price starts moving up and down, and eventually close your trade at a loss before it goes and follows your original plan.
That’s what a bad trader should do to be the best.
Surround yourself with noise
Internet is a wonderful technology, thanks to it you have access to an incredible wealth of quality information for your trades at your fingertips, you are literally in a better and more informed position than a millionaire stock trader in 1987.
So, to be a bad trader, make sure to drown this digital gold in a cacophony of noise, useless data, banal opinions, memes, twitter drama, influencers trying to sell you product and courses, charts with ten thousand indicators, and above all, make sure to isolate yourself in a bubble of people who all think the same as you and reinforce your bias even when you’re wrong.
If you see a different point of view, make sure to discard it if it goes against your thesis, and use it as confirmation you’re a genius if it reinforce your wrong bias.
Make sure to spend as much time as possible on social media and youtube instead of the charts or doing research on new promising projects, after all your time is worthless.
Fomo
The market never gives you second chances.
The next trade is the trade of your life, you will never have an occasion just like that.
You were hesitant, not sure, waiting for confirmation, and now all your twitter timeline is in the trade and they have a perfect entry and making money except you!
Are you stupid?!
Jump in immediately! Don’t think even for a second! Yes you’re late but everyone is saying it’s gonna do another +50%, +150% we gonna moooon!
Nevermind that markets have existed for centuries, and there’s constantly new opportunities and new retracements and new developments, nah fuck that, this is your only chance to make it!
Make sure you size up considerably, put all your money on the line and pray!
Oh what’s that? You fomoed in at the top and people used you as exit liquidity leaving you in the dust? Well, this article is all about being a bad trader after all.
Leverage
You’re poor. And you’re late. You have no money to trade with, while those bastards just trade with $1,000,000 and can make $1,000 with the tiniest movement of price.
It’s not fair!
But oh wait, you can borrow money and play on an even field! That will show those whales!
Make sure to leverage up and use borrowed money to increase your risk, and have a stricter invalidation of your trade and get shaken out sooner, plus paying liquidation fees.
Rememeber, it’s not your fault for oversizing, it’s the game that is rigged against you and price goes hunting for your liquidation price.
If only you had millions like those whales, this wouldn’t happen to you, innit?
Have fun, see you in the orderbooks.
Awesome stuff 😂😂