Money Lab

On a Journey to Create Wealth and Freedom. Sharing Unique Perspectives on Trading, Investing, Crypto... and the Occasional Meme.

[Money Lab @MoneyLabSA]

It's been a surreal few months and a lot has changed. I am now a funded trader for a prop firm after meeting their profit targets. Here are the trades that got me to $100,000 funding in 19 days:

Target 1: 8% in 30 days
Target 2: 5% in 60 days

[Money Lab @MoneyLabSA]

@tradinglikeafox Cashing them bags OUT, fam.

[Money Lab @MoneyLabSA]

Last week's selling never happened.

#SPX
$SPX

[Money Lab @MoneyLabSA]

@SimonPB @GTalevi Storm in a teacup. No one cares.

[Mark Minervini @markminervini]

Forget about the money, forget about competing with the indexes or competing with another trader. Make it your goal to be the best at being disciplined and staying in process. Concentrate purely on making every decision a quality choice and the result will take care of itself.

[Money Lab @MoneyLabSA]

Can totally relate to this grind. If I didn't have a second source of income the pressure would be tremendous. Best thing traders can do is have zero debt, low expenses and low expectations. Helps ease the mental pressure tremendously.

[Anthony Crudele @AnthonyCrudele]

23 yrs ago I entered the holiday season closing out my 1st year of trading. I was broke & working multiple jobs to pay bills & stay in business as a trader. Because of the pressure of the holidays & trading I had an anxiety attack at 21 yrs old…the first of many. (1/2)

[Money Lab @MoneyLabSA]

@MadiBoity You'll see no task team for this disaster.

[Money Lab @MoneyLabSA]

@MagnusHeystek @dwaine_van That's a big step Magnus 👏. You've gone down the proverbial rabbit hole and there is now no going back. #BTC

[Money Lab @MoneyLabSA]

@tebogokhaas @CyrilRamaphosa Dr Coetzee descibed Omicron as a 'storm in a tea cup' and journalists with no medical degrees are all agreeing that vaccine mandates would be a good thing #voetsek

[Money Lab @MoneyLabSA]

GM, GM. What are we angry about today?

[Money Lab @MoneyLabSA]

Gonna go the movies this afternoon because it looks like we soon won't be able to do nice things for a while. Kop Doek will soon be banning cinemas and fried chicken. Markets can do what they want. I'm out for today ✌️

[Money Lab @MoneyLabSA]

@tradinglikeafox Never agreed more with anything in my life ��

[Money Lab @MoneyLabSA]

@FinanceGhost Retail is exit liquidity as usual 🌝

[Money Lab @MoneyLabSA]

I only have one rule when it comes to trading.

1. Don't do anything stupid.🤡

Stupid things include:

1. Overleveraging
2. Revenge trading
3. Deviating from the process
4. Not scaling profits
5. No risk management
6. Trading because I'm bored
7. Over-trading

#trading

[Money Lab @MoneyLabSA]

@tradinglikeafox Bracing for a selloff tbh

[Money Lab @MoneyLabSA]

@NickKunze2 Who is to say that this can't happen in SA? The only thing standing in the way of SA's total economic collapse might just be the good governance @SAReserveBank

[Money Lab @MoneyLabSA]

I used to think success meant climbing a corporate ladder, dressing up in a suit and tie every day, needing to spend 1.5hrs in traffic every day.

Realized I'd been lied to. Success is sweatpants all day, no alarm and working 8+ hours a day to increase only my own net worth.

[Money Lab @MoneyLabSA]

When you got more #BTC than brains 🧠

[Whale Alert @whale_alert]

🚔 🚔 🚔 A payment of 3.0 #BTC (178,608 USD) was just made to a confirmed Michael Saylor Giveaway scam!

https://t.co/WOrqN3Htp3

[Money Lab @MoneyLabSA]

Okay Bears won this round. Don't get too comfortable with those profits, I'm comin' for ya.

#BTC

[Money Lab @MoneyLabSA]

@tradinglikeafox I guess a lot of people assumed they'd be getting their freedoms back once they took the vax. Looks like they were wrong.

[Money Lab @MoneyLabSA]

@alex7frey Chinese Lehman moment?