Kardec TraderFutures Trader. Creator of The Midas Touch. Mentor

New traders should focus on this!

12 Feb 2024 · 1 min

Watch on YouTube

0:37

This YouTube video (Kardec Trader, Feb 12, 2024) advises new traders to focus first on market-structure skills — price action, market context, supply and demand, and order flow — to assess high-probability market moves. It also emphasizes learning about one’s own behavioral responses (reactions to stop losses, profits, and unexpectedly large gains) so traders can manage emotions and decision-making. The piece is short and prescriptive, pairing technical focus with self-awareness.

Chapters

I think a new trader should solely focus on understanding price action, understanding the context of the market, understanding supply and demand, and understanding order flow. A new trader should be able to put those pieces together to understand the probability of the market where it has a high chance of moving to. And then the second thing I think a new tradition focus on is learning about themselves. How does this new trader respond to the market? How does he or she respond when a stock or a trade hits their stop loss? How do they respond when their trade goes into profit? How do they respond when when they're up on the trade more than expected? These are reactions you need to understand and learn about yourself and know how you will react to these trades.