A lot of the highest impact work of your life will be done in isolation.
When no one is watching, and no rewards are given.
The work behind the scenes, big decisions, trade-offs, and plotting. Not relying on public cheering early on, is a distinct advantage.
What if I told you that you don't need longwinded analyzes, that you just need to go with the dominant trend, and simply lose small when you lose and win big when you win?
Wheat futures 101
Chicago Wheat - soft spring wheat, used for crackers and snacks $ZW_F
KC Wheat - hard red winter wheat, used for breads, similar to Wheat grown in Ukraine $KE_F
Mpls Wheat - hard spring wheat, used for pasta, highest protein values $MWE_F
This thread is for the people striving to be "self-made." Twitter is often full of advice when you have a bit of cash, but what if you come from nothing?
Here are some basic tips for those who aspire, and I encourage others to tack on their wisdom at the end: 1/
Studying and analyzing markets to identify trades is an intellectual endeavor...
but...
Pulling the trigger is an adventure into human nature in all its dimensions
Any person/event/circumstance capable of making you lose composure becomes your master.
You're unknowingly allowing them to determine how you think and feel.
Respect the market. Know what you dont know and where your current limits are. Eat every loss as your own and noone elses. Never spend time making fun of less experienced and their mistakes. Find those that know more all the time to humble you frequently. Repeat.
#trading
You should have only a few trading rules and they should be easy to abide by.
Or else, you'll just struggle to generate consistency.
Dumb down your trading process.
Focus on simplicity.