•Trading Wisdom💡 •Synthetic Index Trading📈 •Pure Price Action & Fibonacci🧮
Johannesburg, South Africa 🇿
Joined October 2021
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Vibrate Capital retweeted
It's like the market is moving so quick. Till you enter a position.
Then it moves like a tortoise 🐢🥲
The degree to which a trader thinks he/she knows what will happen next in the market, is the degree to they will fail as a trader.
The best traders accept the uncertainty of each trade and the understand that each moment is unique in the market.
Casinos make a profit, day after day, year after year. By facilitating events that have purely random outcomes.
The answer is Probabilities.
They know, if they can facilitate the same events repeatedly over time. The odds start to align in their favour.
Same goes in trading💡
Vibrate Capital retweeted
“You will never change your life until you change something you do daily. The secret of your success is found in your daily routine.”
— John C. Maxwell
Happy people don't rely on external things to make them happy, they are simply happy people who do things.
Consistently profitable traders are the same. They're consistent as a natural expression of who they are.
They don't try to be consistent. They are consistent💯
All thinking is emotional-state dependent.
A good trader takes a moment to assess the state of their emotions before they start trading.
It's like the market is moving so quick. Till you enter a position.
Then it moves like a tortoise 🐢🥲
Vibrate Capital retweeted
Amateur traders want to control the market.
Successful traders want to control their systems, their emotions and themselves.
That's why successful traders are successful.
Vibrate Capital retweeted
3 #trading tools helped me the most to make progress:
1) Diary: Write down execution of trades, feelings, reminders …
2) Checklists: Entry, exit, selection criteria, process …
3) Trading journal: Documentation of all trades I took.
While we can describe the markets as an "Arena of Endless Opportunities"
They simultaneously confront the individual with some of the most sustained, adverse psychological conditions that a person can willingly expose themselves to🤣
Traders who make past the threshold of Consistency.
Usually experience a great deal of pain(Both Financially and Emotionally),
Before they develop and attitude that's able to sustain them in the markets
Learning how to identify an opportunity to Buy or Sell doesn't mean you have learnt to think like a Trader💡
If you haven't learnt to trade without the slightest emotional discomfort, specifically that of fear.
Then you haven't learnt to accept the inherent risks of trading.