Monday, 19 May 2025

If You Can’t Do These 5 Things, You’re Not Ready to Trade Stocks — No Matter What You’ve Read

 


“Learning to trade stocks” isn’t hard. Staying in the game long enough to win? That’s the real skill.


💬 Let’s Get Honest for a Second

You’ve probably heard stock trading explained like this:

  • “Buy low, sell high.”

  • “Just follow the trend.”

  • “It’s all about the charts.”

Sounds simple, right?

But here’s what no one tells you:

Most people blow up their accounts not because they didn’t know enough — but because they never built the actual skills needed to survive.

This isn’t about secret indicators or magic patterns. It’s about basic abilities that 90% of beginners skip — and then wonder why they’re bleeding money.


🧩 So What Are the Real Basic Skills of Stock Trading?

Let’s break them down — the human way, not the textbook way.


1. 📉 Losing Without Emotion

Yes, losing is a skill.

You will lose trades. Often.
The real skill? Not turning one small loss into a huge spiral.

  • Can you accept being wrong without revenge trading?

  • Can you take a 5% drawdown without panic or FOMO?

  • Can you stay objective the moment your ego gets hit?

If not, the market will train you the hard way.

Every successful trader is just someone who got really good at losing gracefully — and moving on.


2. 📊 Reading Price Action (Not Just Charts)

Anyone can open TradingView and copy someone’s setup.
But can you actually read what the chart is saying?

  • Who’s in control — buyers or sellers?

  • Is this a breakout or just a liquidity trap?

  • Where would smart money enter — and where would they trap retail?

Forget memorizing patterns. Start asking questions about intention and momentum.

Price action isn’t about predicting — it’s about understanding who’s moving the market and when to stay out.


3. ⏰ Knowing When Not to Trade

The skill no one respects — until it saves their account.

  • Flat markets? Stay out.

  • Mid-news chop? Stay out.

  • Feeling emotional? Stay out.

If you trade everything, you’re not a trader — you’re a gambler.

The best trade of the week might be the one you never took.


4. 🧮 Position Sizing Like a Risk Manager, Not a Fortune Teller

This one separates hobbyists from pros.

  • Are you risking 1–2% per trade — or 30% “just this once”?

  • Do you size based on stop loss distance — or vibes?

  • Do you have a system for scaling in/out?

If you don’t know your max daily loss or how much one bad trade could cost you, you’re flying blind.

Risk management isn’t optional. It’s the only reason good traders survive.


5. 📓 Journaling Like a Scientist, Not an Influencer

No, not on Instagram.

You need a trade journal that tells you:

  • Why you entered

  • What you saw

  • What happened

  • What you felt

  • What you’ll do better next time

Most traders lose for the same reason, over and over — but never write it down.

Your biggest edge is hidden in your own patterns. Journaling is how you expose them.


🚫 Bonus: Things That Aren’t Basic Skills (But Get All the Hype)

Let’s be clear — these are nice to have, but they’re not “basics”:

  • Knowing 10 different indicators

  • Memorizing candlestick names

  • Watching 3 hours of YouTube a day

  • Being in 5 Discord groups

They’re noise.
They give you the illusion of progress.
But without the core skills above, they won’t save you.


🎯 TL;DR – Trading Is Simple, Not Easy

If you’re just starting out, forget the fancy stuff.

Master these five basic-but-hard skills:

  1. Lose without losing your mind

  2. Read price, not just charts

  3. Sit out when conditions suck

  4. Control your risk like a pro

  5. Track your behavior like a scientist

You can learn technical setups in a weekend.
These skills take months — and make you profitable for life.


🧠 Want a Free Notion Trading Journal Template?

I built one that tracks:

  • Your emotions

  • Your setups

  • Your outcomes

  • Your risk metrics

If you want it, just drop a comment or shoot me a message

Master the Markets: A Step-by-Step Beginner's Guide to Using thinkorswim: Unlock Your Trading Potential: The Ultimate Beginner's Guide to thinkorswim

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🙌 If You’re Still Reading…

You’re already ahead of 90% of beginners who skip the real work.

Follow me for more no-BS stock trading lessons, tools that actually help, and insight from someone who’s learned the hard way — so you don’t have to.

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