Is it possible for a prop firm to be focused on Web3, where they give you an account to fund and trade any meme or any onchain transaction.
They split profits and there would also would be a drawdown limit.
I'm just thinking outside the box though 😅
Is this possible?
All profitable traders I have come across has this traits in common.
So I guess if you find yourself outside these qualities, then it might be probably why you haven't attain consistent profitablity yet.
You might want to start building these qualities if you want profitablity.
Let me share the little I know about 'Impatient Trading' as one of the psychological factors that has affected more traders than even their badass technical analysis.
Walk with me
A 🧵
The bottom line is, taking action to the direction of your passion and destiny.
Once you decide to take actions, life also begin to take action in your favour.
Knowledge differentiate trading from gambling.
-Even a trader who flips an account with knowledge, is not a gambler. Once clarity is in check, gambling fades off.
-It is possible to lose 20 ticket in a row knowing all clubs but you can't lose 20 trades in a row with knowledge.
AUDUSD massive sell is programmed.
-More sell opportunities from this angle.
-Only until Price takes out that Liquidity, would I look for potential long term buys (if any presents itself).
- Find good selling opportunity and tag in.
Simplicity Et Excellence
RESULTS TOO CAN BREED THE MOST CONSISTENCY, DISCIPLINE AND MOTIVATION .
You think you are locked in and consistent, until you begin to hit rocks and enter a losing streak that makes your effort look like a waste of time.
I will explain.
-Walk with me
A 🧵
Ever since I stopped "Predicting the Market" & Start "Reacting to Price", there have been this huge changed in how I trade.
This time Around :
- I know why exactly to hold price to TP.
-I know why to BE
- I know why to avoid a trade entirely.
I no longer predict imaginations.
BTCUSD on the Weekly & Daily TF
-Price has tapped a potential Weekly POI and given a good Daily CISD on the Daily TF.
-Based on your entry models, if you are able to find a good zone to catch further sells, then tag along.
Simplicity Et Ecellence.
DO NOT FORGET THIS:
- A single bad trade does not define you as a bad trader.
-An unprofitable trading month does not define your edge or strategy as a bad one.
-Consistency in trading is the key to profitability.
_ Repeating a bad trading pattern is what defines you.
-Overexcitement On winning trades will equally equate to extreme emotion and sadness during losses too...
-This alone can affect how you approach the next setup.
-And the danger of this is far worse than having a bad technical skill.
You would almost self-sabotage yourself.