Over the 7 years I've been trading, I've noticed a few different types of traders, whether it's online or in person.
Trader #1 – The Gambler
Flexes payouts on social media but spends more money blowing accounts and buying new ones than they actually make. No consistency, just chasing the next big payout.
Trader #2 – The Patient Trader
Takes the slow route to better themselves. Focuses on developing their skills, managing risk, and becoming consistent. Doesn't obsess over payouts or money. Just puts in the work and lets time do the talking.
Trader #3 – Mr. Know-It-All
Has an opinion on everything but can never show live executions. Tells you you're trading too small and need to size up because you're taking too long to make money. Always has advice but rarely has anything to back it up.
Trader #4 – The Overnight Millionaire
Thinks trading is going to make them rich within a year. Believes they'll never have to work another day in their life because trading looks easy on social media. Has no idea what they're actually getting themselves into.
Trader #5 – The Crash Out
Takes one loss and completely loses it. Starts revenge trading, sizing up, breaking every rule they have, and turns one bad trade into a blown account.
Trader #6 – The ROI Expert
Tells everyone to treat prop firms like an ROI game because they've managed to get one or two payouts. Thinks that makes them qualified to give advice, even though they haven't developed the skills to be consistently profitable over the long term.
The biggest thing I've learned is that there's a difference between making money trading and actually becoming a consistently profitable trader.
And before anyone takes this the wrong way, I've made my own mistakes over these 7 years. I'm still learning and improving myself.
Just something I've noticed being around this space.
Curious how many of you have come across these types of traders or any others.
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1 BE and 1 small loss today. Was just overall wrong on my DOL today and that is all good. I believe I performed well and reduced my risk pretty well for being wrong on the overall direction. See what tomorrow presents!
Sometimes I wonder when my time will come in this trading space.
Over the years, I've realized how easy it is to get caught up in trying to build a name for yourself on social media before you've actually developed the skills to back it up.
I'll hold myself accountable because I've been guilty of it too.
You start worrying about YouTube views, followers, and impressing other traders instead of focusing on becoming a better trader yourself.
There's a big difference between understanding the technicals of trading and actually being able to consistently pull money out of the markets over the long term.
I'm learning that the recognition doesn't need to come before the results.
I'd rather document my journey, show the wins, losses, and mistakes, and become the trader I know I can be than pretend I'm already there.
The goal isn't to look successful. It's to actually become successful.
And if that takes a couple more years, so be it.
Full live session will be uploaded to YouTube!
Caught a solid trade on XAU during tonight’s Asian session. Took 95% of my profits and left the remaining 5% running just to see what happens.
I explain my reasoning and how I managed the trade in the full session. We'll see how that last 5% plays out!
Took 2 losses during this session. Not my best performance, but it’s all part of the journey.
Full live session is up on my YouTube channel, as always!
I show everything. The wins, losses, mistakes, and lessons learned. Just staying transparent and documenting my journey as I continue to learn and grow as a trader.
Go check it out, drop a like, and subscribe if you wanna follow along with the journey!
Social media can be something else, especially in the trading space.
Take today for example. It’s a bank holiday and you see people arguing about whether you should’ve traded or sat on the sidelines. Some are talking crap about people who traded, while others are making fun of people who sat out because they missed opportunities.
But why does it matter?
At the end of the day you’re running your own business. Stop worrying about what everyone else is doing and getting caught up in all the social media BS.
Some people are going to trade today. Some aren’t. Some would rather sit on the sidelines because they don’t feel comfortable putting risk on during a bank holiday. Others are perfectly comfortable taking that risk.
And that’s fine.
Even if someone is less experienced and makes a mistake let them learn. The market has a way of humbling everyone at some point. That’s part of the journey.
Coming from a wrestling background one thing I’ve noticed is how much people in the trading space feel the need to have an opinion on everyone else’s decisions.
Not everyone is going to approach trading the same way. Not everyone has the same experience, risk tolerance, rules, or goals.
I might not know everything and I’m still learning myself but I don’t understand why people spend so much energy worrying about someone else’s trading.
I get that some people create drama for views and engagement but sometimes it seems like people just want to argue because they’re bored behind a screen.
Make mistakes. Learn from them. Grow. Repeat.
Everyone’s journey is different. Focus on your own process, build your own rules, and let your results and experiences teach you along the way.
There’s enough to learn from the markets without worrying about what everyone else is doing.
Fail. Learn. Grow. Repeat.
Be transparent about the wins AND the losses. No fake success stories, no pretending to be something you're not.
Just document the journey, put in the work, and get better every day.
Don't be another LARPing trader.
That's my motto.
Today’s live stream was a perfect example of why sometimes the best trade is no trade.
Had a lot of distractions going on this morning, including a washer and dryer being delivered right at market open. I let hesitation and emotions affect my execution, and overall it wasn’t my best performance.
Not blaming the distractions because at the end of the day I’m the one who pushed the button.
Finished with 2 losses. That’s part of trading but I should’ve recognized I wasn’t in the right environment or mindset to trade and simply sat out.
Another lesson learned. Gotta keep getting better at knowing when to trade and when to walk away.