@TraderSumo1 If I mark a level on the 1D, am I looking for the 1st test to happen on that same timeframe? I'm asking because some levels that look untouched on higher timeframes, end up looking tested on lower timeframes.
@TraderSumo1 Not sure if you would be willing to answer this, but how far back do you go on the chart to mark out your levels? I realise there is nothing to the left of these weekly candles, but when there is, is there some criteria you follow?
Haha I'm dealing with that right now. I've made some crazy gains (for me) and sniped a lot of entries over the last 2 months. On all TFs. I always risk the same dollar amount. Now I've been juggling with the idea of increasing that amount. My confidence is through the roof, but my gut is telling me to chill and just stay the course.
📖 Just Truth
🔹 You can probably make it to your goals, it’s just that it will take longer than you expect
- The truth about success is that it takes a while. If you start at the very bottom, it will take you even longer because you have to fight your way to even get to the start line. Fortunately, success isn’t a competition, it’s an outcome you get for running your own race. As long as you keep putting one foot in front of the other, eventually you will cross the finish line. Avoid running before you can walk. It's a mistake most people do.
Anything you’re obsessed with comes into the realm of reality if you go non-stop after it for 5 years. But in an age of instant gratification, most people waste 5 years looking for the shortcut instead of actually building.
If you zoom out: Most people fail not because of competition, but because they gave up when things got hard or they were taking too long. Change your time horizons and commit, and it doesn't really matter if you achieve riches without the knowledge to maintain and multiply that wealth. You will actually likely "dig" a very deep financial hole from where you're unlikely able to ever come out from, so chase knowledge while waiting for the $.
🔹 A partner who sees the same vision as you is an asset
- A partner with a different objective than you is a liability towards the achievement of your goal, because you have 2 people pulling in different directions and even with all the effort you deploy, none of you will get what they want. The biggest indicator that a couple will not get divorced is having a common vision for their life together.
Building a family and building toward success in life are both incredibly difficult tasks, it is best if they do not conflict with the other. Your partner will have the largest emotional impact on your success in life. They will be there for you at your best and at your worst. They are tasked with helping you get back up and providing safety and comfort for you to regroup. If they don't, do they really care about YOUR dreams and beliefs?...
🔹 Every failure or NO is a test of how badly you want this
- What if I told you that everything you’ve ever wanted out of life was at the end of 20 NOs or failures? How happy would you be to get another one out of the way? Because you would know you’re actually closer to the goal. You would embrace them, you would hunt NOs and Failures just so you could get to the goal faster.
Life actually runs that way, it’s just you don’t really know how many of these you have to push through. For some it’s 2 or 3, for others, it’s 15 to 20. If you’re smart, with every one of them you learn. You spend time analyzing and implementing changes. Changed behavior is the only proof of intelligence. So it’s just a matter of improving and trying as many variations as you can until one eventually works. If a plan fails, change the plan. Never change the goal.
🔹 You will wish you had started and done it sooner
- The sooner you start, the faster you learn. The faster you learn, the faster you earn. Information is time sensitive. Use it before everyone else has it and its value diminishes. The truth about success is that the sooner you start, the more compounding your decisions you can take advantage of. The reason why others are miles ahead of where you are is because they took action while you were waiting for the timing to be right.
🔹 That thing you’re trying to avoid, you can’t. You have to go through it
- Your fears are the best indicator of your weaknesses. We’re scared of things we’re not good at and one can minimize fear through preparation. Most of the time you postpone starting because you don’t know how to make the entire thing happen. Life rewards those who start and figure things out along the way.
Think of it like this: You’re on the road to success but it’s night-time and you’re in the driver’s seat of your life. You don’t need to see the entirety of the road to your destination to make the trip. Just by having your headlights on and seeing 30 meters ahead, you are able to safely navigate the journey. All your progress is the result of doing things we don’t want to do, but know we should do. The quicker you process this truth about success and accept it as fact, the sooner you’ll be able to level up in life.
Reading your first financial, business, or mindset book won't change your life on it's own. You need to reflect on what you've read and take action. Trying to build an eCommerce business on your first attempt will probably not work well as you just don't have the required knowledge/experience. In your first investments, you will buy into rug-pulls from Bitboy and other scammers, but you will then learn from your mistakes and end up making better decisions. Trial & Error.
Don't waste time. Build yourself into greatness.