You lose/miss out on 100% of the chances/trades you don’t take. And yet, the more you trade/overtrade the less probability of profit you have. This is the trading conundrum.
@MISSSUSAN03@dfw_ella_ Nah. Shiganshina sticks out beyond wall Maria. Hence they first broke the entrance into it then once through they broke entrance through Maria. Those are likely some abandoned farmland houses from while back.
The more you focus on the hole, the bigger it’s going to get.
Your goal right now shouldn’t be to make the money back. That mindset is exactly how traders turn a bad stretch into a catastrophic one.
I was guilty of doing exactly this during my first few years of trading.
The market has no idea how much you’re down. It doesn’t care. And it doesn’t owe you a recovery trade.
I preach having a “goldfish memory” on my stream for this exact reason.
Forget the P&L.
Forget the hole.
Cut your size down to almost nothing and make your only goal executing one good trade at a time.
You don’t need to get better at predicting bias. You need to get better at being wrong.
Recognize it faster. Accept it faster. Exit faster. Move on without emotion.
Some of the best traders in my close circle aren’t right all the time. They’re just really fucking good at being wrong without letting it destroy them.
As cheesy as it sounds, adopt this mantra:
“I’m going to stop trying to win my money back. I’m going to start trying to win my discipline back.”
Because as weird as it sounds, the money usually starts coming when making money stops being your primary focus.
Focus on becoming a better trader.
Let your P&L become the byproduct of taking good setups that you have confidence in.
You’ve got this 💪
No matter where you are in your trading journey, even if you find some success, have the mindset that you are probably only 10% of the way there. It keeps you humble and forever a student of the game. If you obsess with improving to achieve your goal, nothing can stop you. Don’t focus on gains. Focus on improving patters that work for you and don’t. Journal. Take notes. Become infatuated with perfecting your art. The result will be complete freedom for you and your loved ones. It will probably be the most difficult journey you ever experienced, but the reward is more than you imagined.
@SuperLuckeee@StoicTrades4 This is so damn good. Thanks @StoicTrades4 for putting this all together and sharing. Incredibly valuable for not only trading but for every real life scenario.
THE STOIC TRADER
THE HARDEST TRADE YOU’LL EVER MAKE: BEING HONEST WITH YOURSELF
On vulnerability, self-deception, and why repeating the same mistakes isn’t failure — it’s normal and the path…..
Read more @StoicTrades4
https://t.co/bbuDNeDkcf