It can be said that it takes 3 to 5 years of trading before a trader can shape his trading style. There are traders even longer. One of the biggest reasons why it takes so long for a trader to make a profit is that they spend their first years doing unimportant things.

In fact, if a trader knows to focus on the right things to do in the early stages of trading, he can make himself a lot of advantages, limit many losses and still gain rich experience. Here are 7 things traders need to focus on in order to be profitable in trading:

1. Risk management

Most traders lose money because they don't manage risk. If you want to make a profit soon, risk management should be a top priority.

Only 1% to 2% loss should be accepted for each trading strategy that you implement. Maintaining this throughout your trading journey will help you learn how to manage risk, focus on making profits and, equally important, it takes shape gradually for you. psychological stability.

2. Only trade in strategies with good RR

A good RR ratio is one of the characteristics of a quality strategy with small losses and large profits. If traders focus on finding and participating in such strategies, they will be profitable in the long run.

3. Always trade according to the main trend of the market

Trading with the trend is one of the methods that is both safe and can make big profits. However, traders also need to have their own trading methods, practice and gain experience to make profits.

Avoid catching tops and bottoms or trading against the trend. That way of trading is both risky and can burn your account.

4. Find a good and suitable method 

If you want to make a profit, this is an indispensable factor. Traders should backtest the strategy for a certain period of time to ensure that the strategy can be profitable in the past as well as at the present time. If Trader knows how to manage capital, has trading experience, and is psychologically stable, without a good trading method, he can't make profits in the long run.

5. Keep Discipline

Keeping discipline is a difficult thing in trading, but if we don't do it, we should not think about profits. To have consistent profits, traders must be disciplined. If you want to trade with quality or principled strategies, you will have to be disciplined. Many important tasks in trading require traders to stay disciplined.

6. Patience

Traders have success because they have enough patience. Don't be discouraged by failure. Know how to wait until the time is right. Know when to take advantage.

Patience is built during training. To have patience, a trader must practice diligently, understand the method, accept failure and especially remove the ego.

7. Adhere to the trading plan

Trading planning is something that many traders overlook, but this is a testament to traders working professionally and seriously. If you follow the trading plan, it will not only help you to follow and manage the trading process, but also help you to have a more stable trading psychology.