MeMO

[Trader Theory @tradertheory]

Trading success looks like:

❌ Year 1: Losses

❌ Year 2: More losses

❌ Year 3: Different losses

❌ Year 4: Learning losses

✅ Month 1 of Year 5: Everything clicks

The overnight success that took years

[Steve Burns @SJosephBurns]

Ed Seykota’s trading rules:

✂️ Cut losses
🐎Ride winners
🔍Keep bets small
👍🏻Follow the rules without question
💥Know when to break the rules

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

To destroy fear of losing, think in probabilities.

To destroy FOMO, trust your trading system.

To destroy fear of failure think long term.

[Deniz The Trader @DenizTheTrader]

To Be A Better Trader
🔻🔻🔻
AVOID;
⛔ Chasing big moves late
⛔ Watching every tick
⛔ Trading too big
⛔ Holding losers
⛔ Over trading
⛔ Predictions
⛔ Opinions
⛔ Greed
⛔ FOMO
⛔ Ego

[Steve Burns @SJosephBurns]

Most new traders fail because:

They have no edge.
They want every trade to be a winner.
They don’t have a quantified system.
They consistently try to predict.
They have strong opinions.
They want to get rich quick.
They’re ruled by emotions.
They go all-in on one trade.
They’re afraid of losing trades.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

If you can't manage a $1000 trading account,

You can't manage a $100,000 trading account.

More money → More emotions → More mistakes

Build skills first, succeed afterwards.

[Deniz The Trader @DenizTheTrader]

A degree gives you knowledge;
Trading skills give you freedom.

In the market,
it's not a diploma that pays
it's your discipline...

[Deniz The Trader @DenizTheTrader]

Consistency is showing up every day.

Discipline is following rules every day.

Confidence is believing in your system every day.

Your daily habits determine your trading future.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

Trading is free.

Except experience.

Experience is the most expensive trading skill.

[Steve Burns @SJosephBurns]

A trade entry alone is not an edge:

Your edge is in not taking all the bad setups.

Your edge is in managing your emotions and ego.

Your edge is in journaling your trades and correcting errors.

Your edge is in stress management.

Your edge is in the self-discipline of system execution.

Your edge is in trading a system with a positive expectancy.

Trading is as much about the bad trades you avoid as much as the moves you capture.

Your profitability arises from your wins adding up to more than all your losses.

You are your own edge.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

No FOMO.

No overtrading.

No revenge trading.

No one becomes a successful trader without learning to wait for your trades.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

Study your plans.

Study your trades.

Study your losses.

Study your system.

Study your emotions after a trade.

Study your emotions before a trade.

Study your mind.

You will become a successful trader.

[Mark Minervini @markminervini]

Never let anyone piss on your dream. Avoid all that weakens you... and that may even include some family and friends. Real friends will support your dream. I've never heard a super successful champion tell me or tell anyone "it can't be done... you can't do it." But underachievers say it all the time. Only those who never did something, say it can't be done. THEY HAVE NO CREDIBILITY!
Dream big.
Dream often.
Act on those dreams daily.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

Trading is not for everyone.

It's not easy managing fear, greed and self-doubt on a daily basis.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

Trading is not for everyone.

You need:

- Self-discipline
- Self-awareness
- Confidence
- Consistency

Trading is not for weak people.

[Steve Burns @SJosephBurns]

Traders are managers, they must manage these every day:

Risk
Fear
Greed
Ego
Hope
Self-doubt
Trading positions

[Steve Burns @SJosephBurns]

Financial freedom is built through a combination of self-control in spending and self-discipline in earning.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

In 2030, you will thank yourself for:

- Learning to read price action
- Learning to control your emotions
- Learning to never give up

Great things take time.

Keep going.

[MeMO @JunrhylM]

@Joedwiz done

[MeMO @JunrhylM]

@cabelo_escobar done