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After almost 3 years, despite a lot of effort and countless hours staring at the charts I'm unable to become profitable.
A few times I thought I was slowly getting the hang of it, but it was just an illusion caused a short streak of luck and nothing else.
The truth is I'm not making any progress, and I don't know how to read the markets.
SimpleRange retweeted
Contrary to what many think- just gib strategy I will make it work- this does not guarantee success.
You can be at this for years, 6, 7 or 8 and live with the illusion that “you are close, you just need to learn that one more secret” and it’s all sorted.
If it was this easy why all other strategies didn’t work out for you bro? You think jumping on this one will be your solution?
Maybe… but maybe you really are still blind to what you are doing wrong and you’ll spend another 8 years chasing the rabbit…
How much money majority of the people learning trading lost along the way trying to learn how to do it (well or at all)?? But paying someone for their time and expertise to teach them is something they will not even consider??! Funny how it works… Selling dreams oppose to investing into a formula backed by time and effort is still most profitable way of taking people’s fortunes.
SimpleRange retweeted
The most important Part of your System is You
I See many Traders trying to make it work. Those who actually get to a point where they make money know themselves very well.
You can only perform so well, like you treat yourself. Your Performance is a mirror.
Trading can be used as a mechanism to numb yourself - close to nobody talks about that.
If you are in the perfect state of mind, yes bit utopia here, I don't believe anything is perfect but lets say you are - you have no reason to numb yourself. You have no reason to Risk at a random place. You don't have to prove anything to anybody... in the state of mind needed for trading, you just execute what worked before.
There is no looking for answers, theres just you and the skill that you apply.
This means you have the most powerful part always under control.
But how do you treat Yourself? Do you walk enough? Eat and sleep good? Are you satisfied with what you do? Can you take control over your fears? Can you erase your Ego when you look at the chart? Can you be patient?
Every trade you plan and take is an expression of yourself. And how you trade speaks a lot what is actually happening inside you.
Examples:
Exorbitant high Risk to Reward - it can be either Ego or Fear to risk more. Face the reality: For a small risk it might be good, but can you risk 2-3k and hold it to 50R and higher? Is that realistic? Can you even enter with this much margin? Does your TP get filled? Or even your entry on that tight SL? Not saying it doesn't work for everyone - I just rarely see it.
Non Stop Scalping - can be the need for Dopamine, the need to feel something or the wish to make it ASAP... I did it this week and you see in the PnL compared to the week before, it didn't help.
Exiting Early - pretty often we transport old traumas from previous trades into the next one. Let's say you round tripped a month of expenses... it's just logical to close early isn't it?
Over/Underrisking - often shows impatience or is a signal for being unconfident. I often underrisk when I have a win streak. You can find a 10W streak on my profile that I played public on the Discord - the more wins I got the smaller the size I took. I just got unconfident.
Not Executing - most of the time people talk themselves out of Trades.. why? The System is simply not ready to enter an environment where you make money while losing. My personal favorite: "I was waiting for confirmation" - thats just fear talking. What confirmation? Theres nobody coming and telling you "yes now since it SFPed it will give you the money you desire". The "confirmation" thing is just another layer of fear you have to uncover.
Hopping Edges - There was a time where everybody aped BBs, then many abandoned them. Why? Most just never tracked those that worked vs. those that failed. Many never been ready to encounter the path of building a profitable System including facing themselves - so they choose the easy route: going for the next shiny thing. This is either laziness or the opportunistic belief that a specific knowledge will gift you endless money. Thats a trap you lay out for yourself, nothing else.
You should do the work and track the Edge you actually using.
This would build Discipline, an extreme important skill you need for the most fragile part of your System - YOURSELF
There are way more behaviors that show at what place you are actually at. The essence of maintaining the most important part of your System is repetition. Same like on the chart.
You find something that happens before you mess up? Categorize it - eliminate it or simply don't trade then. Repeat.
You find behaviors that might send specific Signals? Talk about it, not always to get an answer but to change perspective. You don't need to talk to the best trader in the world for that, pretty often when we speak about something everything gets clear. Repeat.
The better you treat yourself, and treating yourself as a part of the System good, doesn't always mean it should be comfortable. Many things you gonna face in the process are painful at the beginning.
The outcome isn't. The pain is just temporary.
How do you treat your System and did you ever consider yourself being part of it? It's easy to lose yourself in the Process.
I encountered all these things by myself. And everybody who wants to go the path will face similar things on their way - theres simply no way around it.
The most beautiful part: Every time we Size up, everything repeats. The same behaviors. The same things happen - but you get more conscious of it. It becomes simpler to work with it.
SimpleRange retweeted
Most people perceive trading as overly complex and dismiss it as "astrology" or a scam simply because they lack understanding. But if you're playing this game you can, and should, focus on becoming a swing trader. This trading style allows you to sell high [and short], protect your entry points by trailing your positions, and buy low [and long] at extreme discount of HTF ranges. Well, you're either at least a swing trader or you're exit liquidity.
By mastering this approach, you'll be ahead of 99% of holders in the market. You don’t need to be the best to achieve financial freedom. You just need to be better than the herd, who are all using the same losing strategies.
As you gain more experience, you'll have the opportunity to decide how often you want to engage in the market. Trust me, you'll likely want to dive in more. Why?
- Because the world we live in revolves around investment markets. Every "event" is driven by liquidity, whether you realize it or not. For me, decoding the intentions of whales is addictive, and that's the main reason I keep playing the game. I know some of you have witnessed what seems like more than just forecasts, almost like fortune-telling. This isn't because I have a crystal ball. It’s because I understand how the world works. The truth is, most people are being misled and manipulated. Once you see through the façade, you realize how everything ties back to the markets, and that knowledge can be incredibly powerful.
None of you need to become a trader, but if you understood the freedom that comes with being a trader, you might just find yourself eager to learn how to become consistently profitable. It's not a 7-headed beast. You're just scared because of what you read out there. Most people fail because they don't have what it takes, but look at what I can do in the markets. Do you think I was born knowing all this?
- Of course not. I made it my mission to learn and become great at it. I chose this path over learning how to shake cocktails and live off tips [my once upon a time job]. I would be putting in similar hours anyway, so why waste my time mastering a craft that pays just above minimum wage when I could master something that makes me smarter overall, offers the potential for unlimited earnings, and provides the freedom most people can only dream of?
If you claim that’s not the life you want, you’re lying to yourself, because deep down, that’s the exact kind of freedom you’ve always dreamed of.
You fear failure because you've been conditioned to believe that failing is inherently bad. This mindset causes you to avoid challenges, freeze in the face of obstacles, and remain stuck in your comfort zone. As a result, your potential for greatness slips away. It’s only later in life that you realize what you've missed, but by then, you might be too old or feel it's too late to pursue your dreams. Don’t wait until regret becomes your only companion. Push through your fears now, so you won't have to pay the price of missed opportunities later in life.
This game isn't designed for retail investors to win. If you find yourself using the same strategies as most others in this space, it’s time to reevaluate as soon as possible.
Traders have the flexibility to hold and sell for great profits. They can also short tops, profit even more, and then buy back lower on the spot market, using the money that greedy hodlers lost to them. On the other hand, hodlers can't trade and seldom sell, except for the occasional 5% they cash out only to reinvest it 24 hours later after seeing a +20% spike on CoinMarketCap, or rotate it into another risky coin that often ends up getting REKT.
"Holders outperform traders*" 🤌
Sure, maybe Warren Buffett can do that with nearly a century playing the game, but you’re not him. If you want to make money, you have to make moves. Sometimes, you might hit a home run, but the odds are low.
*This narrative is often pushed by those who can’t make money in the markets. Anyone truly knowledgeable knows that traders outperform holders in the short, mid, and long term because they can profit in any market conditions, and still hold when it makes sense.
The truth is, you’ve been misled. Those of you who’ve been waking up in the past few months are starting to see positive results because you’re no longer following the herd. Keep pushing yourself, and your portfolio will continue to improve as you work on self-improvement.
A global crash is inevitable at some point. It’s hard to predict exactly when, but perpetual upward momentum is a fantasy. Your best shot at financial success is to learn, optimize your strategies, and commit to getting better every single day. You still have time.
SimpleRange retweeted
URGENT!!!
🚨 🚨🚨🚨🚨
Moneytaur account got hacked!!! Do not engage and trust any links or calls!!
Make sure you share this for awareness!!!
He is working hard on regaining his access and control!!!
This quoted post is unavailable.
SimpleRange retweeted
10 things I wish I knew before I started trading
1. It will change me as a person.
It will make me see myself in a reflection I wasn’t sure I was ready to look at, but I had no choice!
Trading doesn’t build character- it reveals it. Then the real masterclass begins. Without discipline and accountability you fail. And most of the time we are not ready to do that. It is easier to have a boss and someone else to direct your schedule, tasks and responsibilities. In trading, if you want to succeed, you have two choices- either you look at that reflection and confront it OR you fail.
2. I’ll make more real friends and connect with incredible people faster than IRL.
Crypto and trading communities are full of people who are not afraid to dream big. Conversations turn into brainstorms on how to better yourself in life, not just trading. You can resonate with and learn from people no matter the distance, age or nationality. You never know- you might even be talking to Elon’s alt account. I will also meet the most important person who changed my whole life- not just in trading. My mentor @Moneytaur_ .
3. I’ll never see the world the same way ever again.
Everything runs in cycles and circles and that’s not really news to anyone. However, the majority just take it as is and don’t research or look into it. In trading that is one of the biggest edges you can work on! When you look deeper you see so much manipulation, deception and misinformation you start to see BEYOND it and you learn you can use that to your advantage. Market moves with human emotions. It can be measured and predicted (to some extent!). And history has it all written ON THE CHARTS.
4. I’ll hit rock bottom and lose more money than I could have ever imagined even having in the first place.
The crazy part is… you pick yourself up. You bounce back even stronger and full of bigger goals. The craziest part is- I have met some amazing people and some of them are addicts or people who really hit the grimmest places in life, who came out of the depths and now are thriving and are rich!
5. I’ll never feel ready!
Ready is not a feeling. It is a decision!
6. Making money and being a good trader are not the same thing.
You can make money doing something stupid. You can lose money doing something correctly. One is an outcome. The other is a process. I didn’t know the difference at the start. If you think winning the lottery is the way to go- by all means go for it. But there’s a big gap between having money and knowing how to manage money!
7. I will be right many times and still lose!
This one can sting particularly bad. Especially if you are a perfectionist or someone who trusts their instincts and believes that when they speak nothing can go wrong! Learning to let go and accepting that shit happens is extremely handy here. Scam wicks happen. You move on. The faster the better.
8. More information can make me worse.
The inflow of news, information, accounts has a massive impact on your brain. Eventually you have so many voices in your head that you can’t hear your own process anymore. Knowing when to stop and sometimes even deleting social media altogether can be exactly what you need. Bare minimum- reduce the noise (unfollow, mute, block) and focus on facts in front of you. Charts have most of the information you need to make good trading decisions.
9. At some point I had to stop looking for someone to tell me what the market is going to do.
You don’t become independent by finding the right guru. You become independent by developing your own judgement. Point 8 ties in well with this one and this also brings me to the last point (ironically?...)!
10. I’ll become a teacher I always dreamed of being!!!
Mind you- we are all learning and we never stop but I dreamed of being a teacher. Life put me on different paths but eventually I landed where I was always meant to be. And I wouldn’t change it for anything. The rewards for helping others through the maze of trading are nothing short of life-fulfilling.
And helping those who come across my account and/or work with me develop their own strengths and independence has to be on top of my best achievements ever.
SimpleRange retweeted
The more your environment supports the person you want to become, the less often you need to negotiate with the person you want to escape.
SimpleRange retweeted
It is second nature to me. Think of it like the difference between a seasoned pilot and someone who's just learned how to fly. The average person can get from point A to point B, but it might be a rough ride with mistakes along the way.
Meanwhile, the experienced pilot has mastered the skies, reading the winds, knowing the instruments, and executing flawless landings no matter the weather. He knows the secrets. It’s a matter of intuition built through countless hours of flying, turning what seems complex into second nature.
Effortless execution and fine-tuned mastery only comes with deep experience.
SimpleRange retweeted
If you don't push yourself to perform beyond your level of comfort, you don't improve your performance. Simple as that.
Why? Because performance improvements come from your body adapting to additional strain. No strain, no gain.
Strain can be unpleasant. It's taxing and it leaves you fatigued. You may feel weak, untalented, even dumb if you're training an intellectual skill such as math.
But it's completely necessary. To avoid the feeling of strain is to avoid the process of adaptation, and thus, to avoid performance improvement.
What you want is a continual cycle of strain and adaptation. That's true in athletics, and it's just as true outside of athletics.
You feel weak while exercising but you come back stronger.
You feel dumb while studying but you come back smarter.
The thing to remember when studying is that you are physically changing your brain to execute more complicated cognitive tasks.
At a fundamental level it is just like lifting weights or practicing gymnastics. The keys to effective training are the same, and so is the feeling of effective training.
Transformation is discomforting.
SimpleRange retweeted
Regardless of how you feel about this statement, the world rewards those who take action. It's easy to keep running when you're already running, but it's hard to start running when all you do is walk.
Consistency is key. Commit to your endeavors, stay consistent, and eventually, results will materialize.
The process always works, but for most people it doesn't because they stop working if they see no results in a matter of weeks to few months (impatience and lack of understanding on what it takes to achieve success)
They crave instant gratification, even if there's countless examples of how people find success in life, and it's usually by working hard on opportunities with no financial ceiling (or extremely high), and these successful people understood the value of delayed gratification, opting for a larger payoff in the future.
Those who struggle to find success often fall into the cycle of financial fear. They become very fearful on losing more, so they stop trying and go back to their "comfortable" routine. There's plenty of traps out there as well, so they never find the right path, so they obviously will try to avoid falling on future traps, and they do that by never again trying to achieve more than what they already have, which isn't much at all, but seems to be enough to survive and people seem to feel that it's what they deserve. They convince themselves they're happy and fulfilled in life, but they always wish they had more, but they're just "not lucky" and has nothing to do with inaction or fear (wrong belief that's keeping most people grounded). It's the Government's fault, and their boss's fault. Always someone else's fault. Never them.
Less than 1% of people understand that the initial stages of any venture may not yield immediate financial gain. Instead, the focus during this period should be on knowledge accumulation. This invisible asset, often overlooked because it isn't tangible, is the bedrock of future success.
If one were to document this journey, he/she would clearly see that on month 1 they knew much less than on month 6, and that on month 6 they knew much less than on month 12, and this always leads to results. Always. How big?
- It depends on the true potential of what they chose.
People are more likely to follow a process if there is an instant or near-instant financial reward. This is why a salaried job provides comfort, because it offers predictable returns for a quantifiable amount of time, and people like predictability. They're scared of the unknown. They want to walk the path they already know, and that's why barely anyone tries to do something that's not at least similar to what most people do, because it's "familiar"
The fear of uncertain financial outcomes restricts them. With well-defined goals and a clear vision, they would be using their time very differently.
Regardless of what life throws at us, we all have 24h in each day.
SimpleRange retweeted
The Process of building an Edge
The beginning is uncomfortable. You are flooded with information from people and you try to filter out what works.
You can't see the difference between who's just posting hindsight stuff without execution or anything to sell you something and those who really trade.
You watch hours of videos, read thousands of pages of information just to not be able to make a dollar in the market. You can't even stay break even.
This will fade. One day...
You find a Setup. In the information overload on Social Media you have something that fits you. Nobody else.
You gonna spend more and more time on the Charts until something clicks - it will only click for you.
You start executing - you lose. You win. It feels random. you are not confident.
Everybody feels like that at the beginning.
You keep executing the Setup. You start tracking it. Highs & Lows. Fibs. FVGs - is this the Setup or not? Once you put it for yourself into something thats defined and repeatable... Thats where the Edge is born.
It's not immediately profitable. You gonna struggle a lot. But the TA - there's something you "know" it will work. If you stick to what you need to do.
So you repeat it again and again - and after execution the same thing 100, 200, 300, 400, 500 times - you "know" it works. It works maybe only 30% of the time, but that doesn't matter. What matters is, the 30% where it works you gonna 5x the amount you risk.
Things get interesting.
So you stay on the charts and without consciously realizing it - something happens.
You slowly become the Edge.
You saw it before - price has a very high probability to go up/down from here. You don't click, because you follow your rules and it's not your setup but you know where it's going. Not 100% - but nobody needs 100%.
You adapt. Your setup is clear - but you saw it so often fail when you spot the same pattern thats showing itself right now. And then there's another pattern or move that it does right before your setup is going to explode.
Same with tracking the Setup you played, you start tracking your subconscious feeling and if you would make more money - it clicks again.
The noise is fading. You quit watching YouTube. You don't scroll through communities opinions.
Yes there's still stuff thats interesting to spend/waste some time on but now you entered a mental environment where you know you can make money.
You don't need to discuss, you don't need any validation from others. You stick to your small circle - or you are alone - and you just do what you do.
You are the Edge now.
SimpleRange retweeted
If you wanted to learn how to count cards, you would make sure you understood the strategy completely, you would sit at home practicing until you had become very proficient and then go test it out at a casino, with a full understanding of what your expected results should be if you are executing the strategy proficiently. You would see how well you can keep a count while being in a live environment, chatting to people, verses at home in a controlled environment
- You wouldn't say "the best way to learn how to be a professional card counter is to just go play blackjack, lose lots of money, make lots of mistakes, eventually you will just figure it out"
Learn, practice, and then apply.
Technical trading has more cross-over with poker then it does with being an economist.
If you want to understand some of the most important ideas a trader must know, learn about how a Card Counter in Black jack produces a Ev+ strategy, and manages bankroll. Those ideas are exactly the same ideas a trader uses.
SimpleRange retweeted
There are entire futures available to you that cannot yet be seen from your current level of capability. You don't need to know exactly what they are. You just need to keep building the skills that make them possible.
SimpleRange retweeted
Why don't more people start a trading account with a small amount they are able to lose, and see if they can produce positive result?
I could say, over a week.
Over a month.
Two months.
but the truth is, any amount of time would be better then what most people do.
Take it seriously, you can't afford not to.