Requirements for New Traders
Before we begin working together, it’s important to understand the mindset and discipline required for successful trading. Here are the key requirements for all new clients:
- Risk Awareness: You must be able to spend money you can afford to lose. Trading is risky, so it’s essential to treat it as a hobby at first—don’t quit your day job until you’re consistently profitable.
- Focus on One Contract: Start by trading one contract at a time. Master the basics and build your skills before scaling up.
- Discipline and Rule-Following: You need to be disciplined and committed to following the rules. For example, if your stop loss is hit and you have hit your daily stop limit, you must stop trading for the day.
- Open-Mindedness: Be willing to listen and set aside any preconceptions. Try my approach first, and then decide if it’s right for you.
These requirements are designed to set you up for success, helping you build a strong foundation for your trading journey.