Sonia Rose @FreedomMaxi_BTC - Twitter Profile

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17 days ago

Sharing some of the important trading lessons I’ve learned over the past year. They’re listed because I have struggled and continue to work through all of them. Grueling, tough, dark moments, but we persevere and continue to fight. These are not boilerplate, this is my first hand experience. Hope they are relatable and can help others: -building analysis and methodology knowledge has a time lag, but execution is real time. Don’t let execution sabotage your learning and take you out of the game. -you won’t run out of time, but you can run out of money. -trading with self control is not just being “disciplined”. It requires deep psychological understanding of oneself and how that fits into the uncertainty and fears triggered by trading and taking risk. -if you struggle with fear/discomfort based execution decisions and behavioral variance (revenge re-entry cascades, closing uPnL prematurely, fomo entries outside plan, etc), then exploring underlying nervous system knowledge is worth your time to understand the forces at play. -the cognitive load of intraday discretionary trading far exceeds what everyone expects. Session review, notable positioning, overall context, locations with if/then planning, trade reviews. Rinse and repeating that daily is mentally and emotionally taxing. -use AI to make the administrative load lighter so you can expend your mental energy and time where it is most needed (analysis/execution). -never execute trades out of your primary capital account. Use margin and hold it only to the extent necessary to open positions within your predefined risk limits. -use strict risk mgmt or don’t try to learn trading. -the goal is to survive for as long as possible. -use a daily loss limit (enforced at broker level). -your goal is to be the constant while letting the market be the variable. -analysis ≠ execution. You need a plan for both. Having an “edge” is bridging the two together effectively. -focus on skill development, building repeatable processes and viewing the market through the same lens everyday. -trading is uniquely personal. After you’ve learned enough about technicals, execution and risk, the opportunity is uniquely yours. No two trading stories are the same. The canvas is completely blank. -trading is in the eye of the beholder -you can only control 3 things: 1) how much you risk, 2) how well you follow your plan and 3) how hard you work. -don’t build templates based on what you think they should include, instead write daily plans, review your trades, review your week and see what emerges with value to repeat. -order flow focus should be based on understanding real time positioning of buyers and sellers and why certain areas become inflection points. Once you see why a certain build up of positioning might have to get unwound, or that it’s critical it be defended, you can’t unsee it. -create a feedback loop of your own analysis and execution. Plan>Live Session/Trade>Review -set a max risk per trade idea (% of DLL or fixed $). -the more prepared you are going into a session the less room you give emotion to wreak havoc -understand your losses: wrong thesis? Correct thesis/wrong execution? -if you struggle with revenge re-entry cascades, then go with a no re-entry rule for a period of time and train your nervous system. -trusting that the market will present opportunities for successful trades as the days, weeks and months pass. Patience will be rewarded with consistent opportunity. -your avg winning trade must exceed your avg losing trade -trade what “is”, not what should happen, or can’t happen, or must happen, or can’t continue to happen. Trade what IS happening. If you made it to the end of the list, thanks for reading the details of my journey. Hope it helps. Good luck trading!

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Sonia Rose

@FreedomMaxi_BTC

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