_ ỌMỌ́KÁDÉJỌ

Certified Statistician, || Research and Statistical Analyst || Data Enthusiast || Data Scientist 👨🏾‍💻

[_ ỌMỌ́KÁDÉJỌ @PawPaw___]

People who lack internal fortitude often becomes victims of those who have self-discipline.

[DAX @thissdax]

Trading is quite simple:

➣Analyze.
➣Validate your analysis.
➣Manage your risk: know exactly how much you’re willing to lose.
➣Execute.
➣Then allow price to do its thing.

The moment you click buy or sell, the only thing within your control is your risk.

You can’t control whether or when price hits your TP or SL.

Control the risk. Let the market decide the result.

[_ ỌMỌ́KÁDÉJỌ @PawPaw___]

@thissdax Omo
Para 👏

[Hemant Mohapatra @MohapatraHemant]

The curse of discipline is that every day looks the same. The curse of indiscipline is that every year does.

[_ ỌMỌ́KÁDÉJỌ @PawPaw___]

@0xMyth1 @Raindropsmedia1 Mo gbe 😂

[Techriz💯📈 @Techriztm]

I have some time on my hands today, so I’ll teach you something about how expectations can ruin trading for you in the long run.

Imagine two traders.

Trader A enters every trade expecting 10R.

Trader B enters the same market comfortable taking 3R.

Now both traders catch a good setup.

Price moves +3R.

Trader B closes his trade. His job is done. He got exactly what his system was built to extract.

Trader A is only getting started.

He watches +3R become +5R and starts calculating what 10R will pay him.

Price gets to +7R.

At this point, he isn’t managing a trade anymore. He’s managing an expectation.

Then the market reverses.

+7R becomes +5R.

He doesn’t close because he has already mentally spent the 10R.

+5R becomes +3R.

Still holding.

Eventually, he gets taken out at breakeven.

Now here’s the interesting part:

Both traders correctly predicted the market.

One made +3R.

The other made nothing and probably feels like he lost.

Do this repeatedly and Trader A eventually starts forcing trades, holding winners too long, moving targets, increasing risk and becoming frustrated with perfectly good setups because they aren’t producing the returns he EXPECTS.

Meanwhile, Trader B keeps collecting his boring 3Rs.

This is what expectations can do to you in trading.

Sometimes the market is giving you enough to build wealth, but because you expected more, enough starts looking like failure.

There is nothing wrong with targeting 10R if your data supports it.

The problem starts when 10R becomes something you believe the market owes you.

Trade what the market gives you, not what you already calculated in your head.

Target Draws on liquidity‼️
Hope you understand now ??

[_ ỌMỌ́KÁDÉJỌ @PawPaw___]

@0xMyth1 😂😂

[_ ỌMỌ́KÁDÉJỌ @PawPaw___]

@tobyasky Things Dey happen o

How is this even possible! 😳

[_ ỌMỌ́KÁDÉJỌ @PawPaw___]

@deylowkey247 @0xMyth1

[James Bruce 🇿🇦 @JamesBruce131]

I blew accounts. I made mistakes. I wanted to quit.

But deep down I knew trading was what I wanted to do.

I am glad I stayed at it.

[Biff @biffredeemed]

The ROI on keeping your mouth shut is extremely high

[Sir Dickson @Wizarab10]

Privilege is such an interesting thing I often find myself thinking about. We do not ask for the life we have, and that is why I'm very mindful of it. You often find it a lot in my writing.

Last week, my cleaner told me on Monday(2 days ago) was her birthday. I asked her what age we are celebrating and she said 33. Epiphany hit me that my agemate is my cleaner. I wore a wry smile as I nodded my head and told her to remind me on Monday so she could get her gift.

I then went to my room to deal with the epiphany of privilege. In another universe, that could easily have been me.

[_ ỌMỌ́KÁDÉJỌ @PawPaw___]

https://t.co/C1tzGf5nFG

[_ ỌMỌ́KÁDÉJỌ @PawPaw___]

@Butrousba So why TF is the person recording?

[_ ỌMỌ́KÁDÉJỌ @PawPaw___]

@Isiego_ Omo 🤣😂🤣

Stray bullet

[_ ỌMỌ́KÁDÉJỌ @PawPaw___]

@olumuyiwaayo 😂😂😂😂

[_ ỌMỌ́KÁDÉJỌ @PawPaw___]

@TomCAFF__ Someone finally said it. 📌

[_ ỌMỌ́KÁDÉJỌ @PawPaw___]

@alusi_aku This app 😂🤣

[_ ỌMỌ́KÁDÉJỌ @PawPaw___]

@Kingkuti_ I swear 😂😂😂

Content Isonu

[_ ỌMỌ́KÁDÉJỌ @PawPaw___]

@Toocrazzyyyy Guy 😂🤣🤣