The best advice to every trader...

If you keep blowing out your accounts, you really need to get back to the basics.

You're likely trading based on emotions and greed, and there's a reason you're being humbled.

Trading revolves around following simple and fundamental steps. Once you master these basics, you'll discover that you can become a consistently profitable trader.

It all boils down to the fundamentals, and I can't emphasize this enough!

Traders often struggle to stick to the basics because they become too comfortable and believe they know it all or rely on past performance.

THIS IS THE WRONG MENTALITY!!!

The problem with that approach is that it leads to depleting your accounts and entering a vicious cycle.

No one wants to go through that experience.

The basics involve applying all the knowledge you have to your charts and then executing that through your broker.

One effective way to assess your progress is by journaling your trades and evaluating your profitability on a demo account. Additionally, consider capturing your trades through screenshots.

So, you might be wondering, "How can I become a profitable trader?"

You need to strip away what you think you know and focus on what you must do.

Ask yourself the following questions:

1. Have I applied all my knowledge?

2. How many confluences can I identify?

3. Is it a high-probability trade?

4. Have I implemented the right risk management?

5. Am I comfortable with the amount I've risked?

6. Have I addressed/applied all of the above?

7. Should I make this trade?

Trading is all about applying the basics and developing yourself to become the trader you aspire to be. Always keep learning from your experiences and aim to improve. This is why I love trading; you discover a lot about yourself.

Trades will always be available, but the question is, can you manage your account effectively?