🔥 10 Secrets to Becoming a Professional Fulltime Trader

Book summary "THE SECRET OF FULLTIME TRADER"

1.Mindset is the most important foundation

Being a Fulltime Trader has to bear a lot of pressure, both from the eyes of those around him who may see it as unstable, and from the pressure of themselves to make a living. Therefore, controlling emotions and having the right attitude is more important than trading techniques.

2. The capital must be ready and the hemp line must be long enough.

Starting this career should have at least 300,000 baht or more, and the indispensable thing is to have a reserve for personal expenses separately for at least three months so that the trade is not pressured by the bill of daily expenses.

3. Delete the image, remember "to profit every day"

The goal of making a profit of 1% per day (i.e. capital of 3 lakh, a profit of 3,000 baht per day) is calculated on the page, but in reality, we cannot win the market and make a profit every day. Traders must accept this fact.

4. Understand market phase context and conditions

Before pressing, you must read that the market is now a bull market, a bear market or a Sideway, so that you can choose the strategy in line with the situation.

5. Indicator is not a sales order.

Tools like EMA, MACD, CCI, or RSI are just a measure of momentum or price conditions (like the Overbought / Oversold zone). They only provide "alarms," not points that tell us to press buy or sell automatically.

6.Price Action is the true decision point (Action Point)

Indicator signals must always be attributed to price action. Traders can only make a profit if they see the price action model confirmed.

7. Always find the "defensive line"

Defences and oppositions are key battlegrounds where graphs often show clear price behavior. Knowing these locations will help us effectively assess risk and determine entry-exit points.

8. Dare to cut off the loss without fiber.

Risk management is the heart of survival. Traders must always set a Stop Loss in advance, and when the price reaches that point, they must immediately cut it as planned to prevent the port from crashing.

9. Good trading system. Must go through "Backtest."

Whether you are using Scalping or Run Trend, they must be backtested for bugs and accuracy statistics before using real-money trading.

10. "Note the trade" is a shortcut to success.

Every professional trader must have a Trading Journal to record the reasons for entering the trade, the emotions at the time, and the results. Reviewing this record is the only way to plug leaks and develop sharper strategies in the long run.

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THE SECRET OF FULLTIME TRADER BOOK

Writing: Dusit Sriyabhai

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