Chart Lover and Stock/Futures Day-trader. All ideas/charts posted are for entertainment purposes and not buy/sell recommendations. Trade at your own risk.
I’m an incredibly flawed trader like everyone else . However I hide my imperfections through incredible amount behind the scenes adjustments for the last nearly 20yrs . What we lack in ability , we make up in experience and repetition. Knowing what not to do is crucial
Well, $RUN is the only really good setup I’m seeing right now and it’s a long play in a short term bearish environment. I’ll be sitting on the sidelines unless something changes drastically. #patience
Sometimes, you'll feel like you're making one step forward and two steps back.
Don't lose hope. Be patient and keep moving toward the right direction.
▪️ Lessons will eventually sink in.
▪️ Actions will eventually be consistent.
▪️ Gains will eventually compound.
As soon as a trade is closed, regardless of it being a winner or a loser, it is gone - it's history. I can't change my actions or the outcome. And providing I followed my rules, there is no reason to berate myself. I just move on to the next trade. #trading#mindset
How to deal with difficult emotions
▪️ Notice what's arising
▪️ Label it —this is fear; this is anger.
▪️ Stay with the symptoms without generating additional stories in your mind.
▪️ Observe how it passes away on its own.
▪️ Redirect your attention to your plan.
Trading cannot be taught exclusively via books or courses; it must be learned via direct experience.
That's why the consistently profitable traders are, on some level, self-taught.
Don't ask... how can I trade successfully? Ask... how can I trade successfully and enjoy the process? If you get the process right.. success is the result. But if its grueling.. you will quit. Learn to love the process.
Pro tip: The salary is the bribe they give you to forget your dreams. That is OK. Take the salary. Save up. Start something. If doesn’t work, re-evaluate, start something else, make it a success, diversify. Repeat. Once you are up there, don’t forget to send the elevator down.
Will > Skill
I can see it so clearly now that what separates me is my work ethic, my discipline and that I keep the promises I make to myself and others.
If you want it, you’ll find a way. If you fail (or procrastinate) it’s because you lack the desire.
Say what you want. Starts in your head tho. Self belief and persistence gonna win at all times. Don’t get caught up in the “when”. That shit WILL work at some point.
So, if you see the market rising despite a negative NYSE TICK or despite weakness on the A/D...the surface level assessment would have you believe it's Bearish when in reality, that's actually quite Bullish. Price wins people. Internalize that and you'll save a lot of headaches.