How to become a confident and consistently profitable trader?

The key lies in mental strength and discipline. During trading, don’t fear losses, and don’t hesitate in decision-making. If you experience a loss, avoid revenge trading – that’s a huge mental killer.

Here are some action points you need to take:

1. **Learn the basics seriously**
Don’t trade just based on feelings. Understand charts, trends, support-resistance, and the fundamentals of the assets you trade. The more solid your knowledge, the less irrational fear you’ll have.

2. **Establish clear trading rules**
Create a plan before opening a position. Risk management is not optional – determine what percentage of your capital you’re willing to risk per trade. Follow the rules, full stop.

3. **Track record and review**
Record every trade. Analyze which ones are profitable, which ones are losses, and WHY. Pattern recognition from your own experience is more powerful than any teacher.

4. **Accept losses as part of the game**
There’s no perfect trader. Losses are the tuition fee in the market. What differentiates successful traders is whether they learn from losses or get stuck there.

5. **Consistency > home run**
Don’t chase big profits in one shot. Small, consistent wins are much more sustainable than chasing high volatility that can blow up your account.