New To Bearbulltraders. lost 10k in crypto

[Sweden 2]

Hi guys i'm new to this website bearbulltraders. i read andrew book while i was at work thats why i joined this website. i want to become a day trader and to quit my current job. i wanna work for my self and be my own boss and i think trading is very interesting. i been practicing day trading for a year now but all my strategys have failed  in the long run. i start learning day trading after i lost my savings in crypto. I want to learn day trading i want to have this as a job no matter how many month-years it takes but i need to start somewhere and go from there.  Please guys tell me what i should do. i read andrew frist book and became a member on this website but whats step 3? I will not take your words for granted.

much love from sweden

[Abiel 475]

Hi Mahmoud:

1. Be on chatroom every day, watch Andrews / Mods trades. Get familiar with the platform.
2. Watch classes 1-5
3.  Watch all free and premium resources
4. Watch all Lifetime Members Webinars (You´ll find all these resources in the Education Center)
5. Set up your DAS Trader Pro
6. Test your setup / fine tune your setup
7. Define your trading plan
8. Start simulation trading, keep journals of your sim trades, review your tardes.
9. Attend all live classes, ask questions

For a more detailed learning plan, read this DAS Simulator 12 week program.

[nassarsyed 82]

I have been there. Some more advice. 

Put in a plan. Start with simm but have a plan to go live let’s say in 6 months. Start small - 50, 100 shares. 

The main thing is psychology. Are you overtrading, revenge trading, fomo?  Uploading your trades to a platform like tradervu is priceless. Review and find errors. Work on one fix at a time. Is it entries?, honoring stops?, scaled exits? One thing you master in simm at a time. 

Figure out what setups are working and which ones are not  start taking your a setups and go bigger in size eventually. Figure out what time of day, what type of stock. Essentially where your edge is .

Finally don’t set a time limit or $$$ target. Give yourself time. It took me a year before I even reached some semblance of consistency and I am still working at it.   Y a year I mean one strategy like Andrews trades not jumping around crypto, forex futures etc. 

finally have fun. You have to love this whole Thing, else it won’t click. 

Edited February 12, 2019 by nassarsyed

[WilliamH 67]

Welcome to the Bear Bull Traders community Mahmoud, we are very happy to have traders like you from all over the world! I am a moderator with the team and am from Los Angeles, CA.

Abiel gave you a wonderful reply and I highly suggest you follow those steps.  The one thing I would add, is during this journey you are starting, dont feel like you are alone. Reach out to other traders, find an outlet for this passion so you can share your experiences, your highs, your struggles with other traders. It will really help you to realize something VERY important that most new traders dont learn for a very long time . . .  Everyone goes through same experiences in trading, you are not alone. Once you realize that it will help all parts of your trading journey.