The first rule is to know thyself. "All tweets are gotten from a trading related book"
Worldwide
Joined April 2011
- Tweets756
- Following11
- Followers901
- Likes185
Real trading is boring, quiet, and mostly involves staring at risk management rules and managing your own psychology.
Ran into a buddy at the gym who lost a chunk of capital on a fixed-payout platform (like IQ Option). It reminded me why I need to scream this from the rooftops:
If a platform limits your upside to a fixed % per trade, you aren't trading. You're playing against a rigged house. +
But on these fixed-return platforms? You risk 100% of your stake to make maybe 75%–85% back.
Mathematically, you need a win rate well over 55-60% just to break even. Factor in emotional trading, and long-term profitability is virtually impossible. The math simply doesn't work.
Real trading gives you uncapped upside when you're right, control over your exits, and proper use of leverage. Fixed-payout platforms give you illusion of control while the house edges you out.
Protect your capital. Stick to real markets with real risk management. #iqoption
Me seeing a setup and not trading: > Price goes +400% 📈
Me seeing a setup and finally entering:
Market turns into a vertical line to hell 📉
I am the exit liquidity I’ve been warned about.
1. Define your risk before each trade.
2. Cut your losses (use stops)
3. Systematically take profits.
Five fundamental truths according to Mark Douglas:
1. Anything can happen.
2. Every moment in the market is unique
3. I don't need to know what will happen next in order to make money in the market longterm.