During SMB monthly reviews many traders expressed disappointment that they did not perform better in the Silver and Gold opportunities. They made money but they lamented they should have made more. Perhaps many of you feel the same.
What I am going to say next I hope changes how you look at last month's trading experience.
The PnL you "missed" in Gold and Silver doesn't matter.
What really matters is that you gained 6 career-altering experiences:
1) Commodity Mastery: You moved beyond equities.
2) Deep Analysis: You performed extensive reviews of "A+" setups.
3) Collaboration: You leaned on your trading teammates to navigate the historic opportunity.
4) PlayBook Expansion: Now you have added commodities to your quiver.
5) Risk Control: You survived and managed a historically volatile move.
6) Tech Growth: You built the tools to capture more next time.
The profit wasn't the point. The experience was.
You are now a better trader!
From my seat, for those who keep learning, pushing, and gain experience that ten thousand you left on the table will become 100k one day. That 100k you left on the table will become 1m. That 1m you just missed capturing will become 10m.
The market will pay you for the trader you become.
It is not how good you were last month. It is how good you will be.
The lessons compound. There is always a next big opportunity. The real reward is just getting better.
Train and trade well.
Bella
#TradingPsychology #Gold #Silver #SMBTraining #DayTrading #PropTrading
STRUGGLING TO FIND PROFITABILITY!?
Spoke w a struggling trader yesterday and felt this message is a worthwhile reminder as we approach reflection time into year-end.
-Trading will almost NEVER be as hard as it is during the journey to find profitability. Why? Because you are constantly questioning whether you have it in you to succeed. There is no proof that you have what it takes to make money in the markets. That uncertainty is some of the psychologically most challenging.
-Most traders struggle as hard as they do due to unrealistic expectations. Success at trading is a MULTI-YEAR learning curve. When inside our head we convince ourselves we will be special and that the tough learning curve wonโt apply to us, that internal dialog is setting us up for failure.
We all are human. We hope. We dream. We build up these timelines and expectations in our head. That attachment to an outcome can ruin us. WE CAN ONLY CONTROL THE PROCESS!
I donโt care who you are - building a proper trading foundation takes years! And often those who succeed quickly havenโt properly built that foundation and inevitably face their struggle later. Whether now or later, everyone pays their dues to succeed at this job long-term.
-At the end of the day, trading doesnโt need to be your highest passion or love. You just need to enjoy the job more than the alternative. Not everyone needs to be some epic trader. If you can make a living at this job and support yourself and family, god bless ya!
-Win or lose, you grow. Every person that takes this job seriously, inevitably grows as a person. They build resilience. They learn how to deal with failure. Iโve had to fire traders who then call me months later to tell me how easy their new jobs are because of the work ethic and focus that trading instilled at them. Iโve had traders fail and years later return to trading to find success.
Just make sure you grow every day. Everything always works out.
Agreeing with bray here. In the beginning stages yeah sure annotate like crazy to learn and digest the charts. But there's a point in the journey where you have to drop the annotations and let the trader and analyst become one. The transition from wanting to be right to wanting to make money.
@BenDXY_ I'll deff say the equity curve became a lot smoother once I focused my system around one array. it also made it easier to add in a couple more adapting to market conditions. Not increasing the trade frequency as much, but allowing myself to be diverse when needed.