Micros?! Yes… Micros! Welcome to our challenge where we are managing 1 account by trading nothing but micro contracts on said account.
There are a few reasons we’re doing this
- Consistency and Discipline - the key to trading isn’t how much money you make in a day. It’s all about how many days are you able to make money? Think of it this way… if you made $10k in a day. But proceeded to lose $500 a day for the next 21 days… then you actually LOST money. Let me speak life into you! You are too special to lust over 1 big profit day. Stop thinking so little of yourself… to the point that you let 1 big dollar day seduce you! Let’s get your habits right so that it’s a lifestyle.
- Mastering entry points - the most common mistake amongst new traders is thinking “the first trade is my only trade” when in reality… “the first trade should be your worst trade”. Trading with micros allows us to stack entry points because we have way more leverage to use! This is going to work in your favor exponentially.
- Patience - Become patient enough to allow your money to work for you! It’s time to break the “combine mindset” and stop rushing to pass the combine.
- Get rid of the T.I.T.O. Mentality - What is the TITO mentality?! “This is the one!” That mentality will have you over-leveraging and blowing your account. Even though you have a 70% win rate. Bc you’ll look at one particular trade… decide to over-leverage and go: THIS IS THE ONE! Then BOOOM… your account is gone lol Trading micros will give you the patience and the space to become the CEO of your account. Instead of acting like a habitual loser hoping to hit the lottery with latest ticket.
- Make a lot of money… and KEEP IT! - Trading micros is going to allow you to keep the money you make. Contrary to popular belief… making money in the market is just the START of the process. Next comes stewardship. You have to properly manage and delegate what you make. So let’s continue to power up on our knowledge and use WISDOM by understanding… money WILL be made. Now we focus on how to grow and manage the money!